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Buy Crypto with Multibanco
Experience a simple way to purchase cryptocurrency using Portugal's trusted Multibanco network on Switchere. Generate your unique entity and reference details, then complete the payment directly through your banking app, home banking, or any local ATM in EUR without needing a card.
How to buy crypto with Multibanco on Switchere
Why buy crypto with Multibanco on Switchere
No Card Required
Keep your financial details private. By generating a payment reference, you can secure your digital assets without entering any sensitive credit or debit card numbers.
Transparent Exchange Rates
Know exactly what you will pay before confirming the transaction. We display a transparent service fee upfront so there are never any hidden costs involved.
Versatile Payment Options
Settle your transaction whichever way suits you best. Use your preferred home banking portal, a mobile banking app, or walk up to any local ATM.
Fast Order Processing
Once your EUR payment is cleared through the Portuguese banking network, we process the exchange immediately and send the cryptocurrency straight to your digital wallet.
Buy crypto with Multibanco from your phone
Use the Switchere mobile app to generate your Multibanco entity and reference on the go. Switch to your local banking app, complete the transaction in seconds, and receive your crypto instantly.
Simply copy the generated reference details into your Portuguese banking application. Your transaction is processed securely without entering sensitive card details online.
Monitor your cryptocurrency balance and track your Multibanco transaction history directly from the Switchere app, keeping you in full control of your assets.
Frequently asked questions
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How do I buy cryptocurrency using Multibanco?
Select Multibanco as your payment method on Switchere. We will provide an entity and reference number. Pay this via your home banking app or any ATM in Portugal to receive your crypto. -
Are there any hidden fees for Multibanco transfers?
No, Switchere is fully transparent. Any service or network fees are calculated and displayed clearly before you generate your Multibanco payment reference. You always know exactly what you will receive. -
How fast will I receive my crypto via Multibanco?
Once you complete the payment through your Portuguese banking app or local ATM, the transaction is processed quickly. Your cryptocurrency is typically sent to your wallet within a few minutes. -
Is it safe to buy crypto with Multibanco?
Yes, Multibanco is one of the safest payment networks in Portugal. Since you pay directly from your bank or ATM, you never share your credit card information or banking passwords online. -
Do I need to verify my identity (KYC)?
Yes, Switchere requires identity verification to ensure a secure trading environment and comply with financial regulations. The process is straightforward and only takes a few moments to complete before your first purchase. -
Are there purchase limits when using Multibanco?
Purchase limits depend on your account verification level. Once your profile is fully verified, you will enjoy higher transaction limits, allowing you to buy more crypto with your Multibanco references. -
Is Multibanco available for users outside of Portugal?
Multibanco is a domestic Portuguese payment network. You must have access to a Portuguese bank account, banking app, or physical ATM within Portugal to complete payments using the entity and reference.