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Portugal Bank That Supports Crypto? Here’s the Step-by-Step Guide

  • monmonq1
  • Jun 23
  • 2 min read
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Looking to manage both fiat and crypto in Portugal? ✅ Good news — Portugal is one of Europe’s most crypto-friendly countries, and some banks now support crypto-friendly transactions.

Here’s your step-by-step guide to opening an account with a crypto-supportive bank in Portugal:


🔎 Which Portuguese Banks Are Crypto-Friendly?

As of 2025, some private and digital banks in Portugal don’t block transactions from major crypto exchanges and can work with crypto businesses:

✅ Popular Choices:

  1. Bison Bank

    • Known for supporting crypto-related transactions

    • Licensed by the Bank of Portugal

    • Offers private banking and tailored services for high-net-worth individuals

  2. Millennium BCP (Selective branches)

    • Generally crypto-tolerant for personal accounts

    • May require extra documentation for business accounts related to crypto

  3. Activobank (For individuals)

    • Modern digital banking, easy online application

    • Good for receiving funds from major exchanges like Binance or Kraken


📝 Step-by-Step Guide to Opening an Account

1️⃣ Choose the Right Bank

  • For personal use ➔ Activobank or Millennium BCP

  • For crypto business or OTC needs ➔ Bison Bank (recommended)

2️⃣ Prepare Your Documents

  • Valid passport or EU ID

  • NIF (Portuguese Tax Number)

  • Proof of address (utility bill, rental agreement)

  • Source of funds explanation (especially if linked to crypto)

3️⃣ Open Your Account

  • Online: Activobank or Millennium personal accounts

  • In-person or through an agent: Bison Bank (for specialized crypto needs)

4️⃣ Connect to Exchanges

  • Link your account to exchanges like Binance, Kraken, Coinbase

  • Test small transactions first to ensure smooth operation


⚠️ Important Tips

  • Be upfront about your crypto-related activities, especially with Bison Bank

  • Portugal’s regulators require KYC/AML compliance

  • Avoid banks that are openly anti-crypto (some major banks still restrict large crypto-related transfers)


🏁 Conclusion:

Portugal is becoming a key player for crypto-friendly banking in Europe. By choosing the right bank and following the proper process, you can secure a functional fiat account that works with your crypto activities.

💼 Need assistance with setup or introductions to crypto-friendly banking in Portugal? Contact us — we can help make the process faster and hassle-free.


Contact us 👍

What’s app : +44 7451222110

Telegram: +66 936825227

 
 
 
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