Why look for a Openbank alternative?
Openbank is Santander Group’s 100% digital bank with millions of customers in Spain. In November 2025 it launched cryptocurrency buy/sell inside its app with a 1.49% fee per trade (€1 minimum) under MiCA and CNMV authorisation — a respectable banking adoption milestone.
In March 2026 Openbank expanded to seven assets and added recurring contributions. It remains an integrated banking offer: convenient if you are already a customer, but without external wallet withdrawal or exchange suite. We compare Openbank and Bit2Me respectfully, with verifiable public data only.
Why so many people doubt Openbank
Seven cryptos versus over 400
Openbank selects main assets; if your thesis includes altcoins or broad diversification, the catalogue runs out quickly.
1.49% flat per trade
1.49% fee with €1 minimum per official schedule — on €1,000 that is €14.90; Bit2Me Pro drops to 0.10% taker.
No withdrawal to external wallet
Assets remain custodied at Openbank; you cannot send BTC to Ledger as on a native exchange with on-chain withdrawal.
Public record
Reputation and documented facts about Openbank
Sanctions, incidents or controversies recorded in official sources or verifiable media. Bit2Me does not pass judgment: we cite public facts.
Openbank and other banks offering crypto in Spain must operate under the CNMV MiCA register or authorisation; rules require clear risk communication to retail clients.
Source: cnmv.es
These records do not rule out the competitor being suitable in other contexts; they are part of the due diligence worth doing before depositing funds.
Verdict
Openbank and Bit2Me share CNMV supervision under MiCA — a regulatory tie. The difference is product depth: Openbank — Santander Group’s digital bank — launched crypto buy/sell with a 1.49% fee and seven assets; Bit2Me is a native Spanish crypto exchange with 400+ coins, Pro down to 0%/0.10% taker and Earn/Card/Tax suite. If crypto is your goal and not a current-account add-on, this is your alternative — without closing your Openbank account.
Regulated by the CNMV · Support in your language · +1 million users · Promotion subject to terms
Openbank vs Bit2Me: comparison
The dimensions that matter most to a retail user in Europe.
Before products: trust
Who you really deal with: Bit2Me vs Openbank
An exchange isn't chosen on price or catalogue alone. Look at who answers for your money, from where and with what backing.
Bit2Me- Real HQ
- Spain (EU) — parent company, not a subsidiary
- Supervised by
- CNMV (Spain), under MiCA
- Operating since
- 2014, with no security incidents
- Who's behind it
- Backed by Tether, Telefónica, Bankinter and other institutions
Openbank- Real HQ
- Spain (Santander group).
- Supervised by
- CNMV and Bank of Spain (bank + MiCA CASP).
- Operating since
- 1995
- Who's behind it
- Digital subsidiary of the Santander group.
| Feature | Bit2Me | Openbank |
|---|---|---|
| Regulation and licencesDecisive | Bit2Me:CNMV-authorised CASP since 2014: native crypto specialist, not banking distribution of a narrow asset set. | Openbank:Spanish bank with CNMV MiCA CASP authorisation (Jul 2025); integrated in-app custody. |
| Real HQ & jurisdictionDecisive | Bit2Me:A Spanish company headquartered in Spain (EU): you contract, file claims and are supervised before the CNMV, with no intermediary subsidiaries. | Openbank:Spanish bank with MiCA CNMV CASP: the same national supervisor as Bit2Me; crypto is one line within banking, not the core business. |
| SecurityDecisive | Bit2Me:Bit2Me advantageMostly cold, $150M Custody policy and zero incidents since 2014, with published ISO audits. | Openbank:Integrated banking custody with no custody fee; Santander Group backing under MiCA. |
| Data protection (GDPR)Decisive | Bit2Me:Your data is processed in the EU under the GDPR, with the safeguards of the European data-protection framework. | Openbank:Spanish entity under GDPR. |
| Customer supportDecisive | Bit2Me:Bit2Me advantageWithout chat-only: multilingual support crypto support — beyond Openbank’s general banking support. | Openbank:Digital banking support; advanced crypto incidents without highlighted specialist phone. |
| Buy in euros (SEPA/card)Decisive | Bit2Me:Free EUR bank deposits from Openbank or any European bank. | Openbank:Direct purchase from Openbank account — maximum convenience, no external transfer. |
| Products and servicesDecisive | Bit2Me:Bit2Me advantageIntegrated suite (Pro, Earn, Card, Tax, Wallet) versus banking buy/sell of seven assets. | Openbank:Buy/sell and recurring contributions of seven cryptos; no Pro, full Earn, crypto Card or Tax. |
| FeesDecisive | Bit2Me:Bit2Me advantageUp to 0% maker / 0.10% taker on Pro, versus Openbank’s 1.49% flat per trade. | Openbank:1.49% per trade (€1 minimum); no custody fee per official schedule. |
| Number of cryptocurrencies | Bit2Me:Bit2Me advantageOver 400 cryptocurrencies versus the seven coins selected by Openbank. | Openbank:Seven selected cryptocurrencies (BTC, ETH, LTC, MATIC, ADA, SOL, DOT as of Mar 2026). |
| Withdraw to your own walletDecisive | Bit2Me:Bit2Me advantageWithdrawal to your own wallet whenever you want — unavailable in Openbank’s banking custody model. | Openbank:Custody on banking platform; external wallet withdrawal unavailable. |
Bit2MeHow we made this comparison
We analyse regulation, security, support, fees and catalogue using public, verifiable information from both platforms, updated as of July 1, 2026. Bit2Me is the platform publishing this page, so we have deliberately included points where the competitor stands out, and we recommend always checking the data on the official websites before deciding.
Sources consulted (July 1, 2026)
Regulated by the CNMV · Support in your language · +1 million users
Why Bit2Me lets you sleep at night
If Openbank treats crypto as one more feature, compare it with what you need to sleep calmly: custody, withdrawals, tax tools, and specialised support.
Crypto that doesn't stain you
Bit2Me complies with KYC/AML and is registered with the Bank of Spain: your operations don't mix with illicit-origin funds on a supervised platform.
Headquartered in Spain, not a tax haven
Bitcoinforme S.L. operates under European law with the CNMV as its direct supervisor.
Free, automatic tax report
Download it from the app or web for every tax year you've traded, at no extra cost. It generates itself from your activity.
No security incidents since 2014
Five consecutive independent audits back our operational soundness.
Human support in your language
24/7 support in your language, with a phone line (+34 910 91 37 88) and people — not bots — answering from Spain.
A platform that doesn't go down
Multi-region high availability, 24/7, 365 days a year, with ~100 ms average response.
Your funds, when you decide
Withdraw to your own wallet at any time. No lock-in, no penalty.
$150M insurance on custody
Assets in Bit2Me Custody are insured for $150M (USD), with segregated cold storage and multisig + HSM FIPS 140-2.
Openbank under CNMV MiCA: Spanish bank with integrated crypto vs specialist CASP
When you buy crypto on Openbank, you do so with the bank itself — one of the first Spanish entities to offer buy/sell within MiCA, per its November 2025 official communication. Openbank obtained CASP authorisation from the CNMV in July 2025 with Santander Group backing.
Bit2Me shares the same CNMV supervisor, but with the opposite model: native crypto exchange since 2014. On regulatory papers, MiCA tie; on crypto product depth and freedom to move assets, specialisation weighs against the bank’s integrated button.
Santander banking trust vs dedicated crypto custody with a published policy
Openbank conveys the security of a regulated bank: crypto-asset custody within its infrastructure, no custody fee per its schedule, and MiCA communication aimed at retail investors. A valid model for one-off BTC exposure from the app you already use for salary and card.
Bit2Me publishes full crypto detail: mostly cold storage, Bit2Me Custody assets covered by a $150 million policy, zero security incidents since 2014 and audited ISO certifications — complementing, not belittling, Openbank’s banking solidity.
1.49% per trade at Openbank: the price of banking convenience
Openbank publishes a 1.49% fee per trade with a €1 minimum and no custody cost, per openbank.es official communications. Transparent and simple — ideal for occasional purchases from the banking app.
Bit2Me Pro competes with up to 0% maker / 0.10% taker on liquid pairs and fee-free EUR bank deposits. On €1,000 at Openbank’s 1.49%, you pay €14.90; at Bit2Me’s 0.10% taker, €1.
What do you really pay?
Move the amount and compare Bit2Me Pro with Openbank's published retail fee.
On Bit2Me Pro (liquid pairs, 0.10% taker)
€1.00
Down to 0% when trading as maker.
On Openbank (1.49% per trade)
€14.90
€1 minimum per trade; no custody fee per the official schedule.
Fee savings
€13.90
93% less on this trade
Indicative trading fees only — excludes spread, gas and deposit/withdrawal charges. Always cross-check Openbank's official pricing.
Openbank banking service vs specialised crypto support
Openbank offers digital banking support for its customers — consistent with a Santander Group neobank. Queries on transfers, cards or the crypto section are handled in the bank’s circuit.
Bit2Me answers with Without chat-only: multilingual support and a European team that lives crypto operations daily — complementary to your day-to-day Openbank account, not a replacement for it.
Banking button or specialist exchange?
Openbank solves “open another app” friction: you buy BTC from the account where you receive salary, with Santander Group trust. The trade-off is a narrow catalogue, 1.49% per trade and assets that do not leave the bank ecosystem.
Bit2Me assumes crypto is your main goal: fee-free EUR deposits, Pro with published fees, regulated Earn and withdrawal to Ledger. Many customers keep Openbank for banking and Bit2Me for crypto — they are not mutually exclusive.
What it really costs to operate on Openbank vs Bit2Me Pro
On €500 monthly DCA, Openbank’s 1.49% is €7.45 each month — almost €90 per year. Bit2Me Pro’s 0.10% taker on liquid pairs is €0.50 — €6 per year. Banking convenience has a visible price on recurring operations.
Which one to choose? It depends on your profile
Bit2Me — pros
- Over 400 cryptocurrencies versus Openbank’s seven coins.
- Up to 0% maker / 0.10% taker on Pro, versus the bank’s 1.49% flat per trade.
- Withdrawal to your own wallet — unavailable in Openbank’s integrated custody model.
- Earn, Card, Loan and Tax suite built for crypto investors, not just banking buy/sell.
- Without chat-only: multilingual support, complementary to your day-to-day Openbank account.
Openbank — things to consider
- Santander Group digital bank with MiCA-CNMV; convenience of operating without leaving the banking app.
- Transparent 1.49% fee with no custody cost; recurring contributions from €1.
- Narrow catalogue (seven cryptos as of Mar 2026) versus specialised exchanges.
- No on-chain withdrawal nor Pro/Earn/Card/Tax suite; 1.49% high for recurring DCA.
When to choose Openbank?
- You are already an Openbank customer and only want occasional bitcoin exposure without opening another app.
- You prioritise trust in a Santander Group bank with MiCA-CNMV over catalogue or on-chain withdrawal.
If, on the other hand, you are looking for a Openbank alternative because you care about European regulation, predictable fees, the safety of your funds and support in your language, Bit2Me addresses exactly those needs.
What you gain switching from Openbank
From 7 coins to 400+
Full exchange catalogue versus the seven cryptos selected by Openbank.
From 1.49% to 0.10%
On €1,000, Openbank charges €14.90; Bit2Me Pro on liquid pairs, €1.
Withdraw on-chain
Send your crypto to Ledger or Trust Wallet — impossible within Openbank’s closed ecosystem.
A voice, not generic banking
Blockchain and EUR specialists, not just general banking service.
Without SEPA fee
Deposit from your Openbank with no transfer fee at Bit2Me.
Without buy-sell only
Regulated staking and tax reports — beyond banking buy/sell.
Switch from Openbank to Bit2Me
Open your account in minutes: euros via SEPA, full CNMV oversight and support in your language when you need it.
15€ welcome bonus when you create your account and buy €100 or more in crypto. Promotion subject to terms.
Regulated by the CNMV · Support in your language · +1 million users
How to switch from Openbank to Bit2Me
Create your free Bit2Me account and complete KYC in minutes.
Deposit euros via fee-free bank transfer from your Openbank account (or any bank).
Buy the cryptocurrencies you need on Bit2Me Pro — broader catalogue than Openbank’s seven coins.
Questions on wallet withdrawal or tax? Without chat-only: multilingual support. Keep Openbank for day-to-day banking.
15€ free when you create your account and buy €100 or more in crypto
Regulated by the CNMV · Support in your language · +1 million users
What people who already switched say
Siete criptos en Openbank y mi tesis incluía más altcoins
Yo también dudé de Openbank cuando quise comprar un activo fuera de su catálogo acotado — Bitcoin y Ether iban bien, pero mi cartera pedía más diversificación. El detonante fue toparme con el límite de siete monedas junto a la hipoteca y la nómina Santander. En Bit2Me encontré el catálogo amplio sin tratar la cripto como extra de cuenta corriente.
Isabel T. R. Cliente desde 2025
El 1,49 % fijo pesaba frente a Pro en euros
Compraba 800 € al mes en Openbank sin calcular el coste hasta que sumé el año: al 1,49 % con mínimo 1 €, cada operación costaba casi 12 €. El detonante fue comparar con Bit2Me Pro al 0,10 % taker — en 1.000 € la diferencia es difícil de ignorar. Mantengo Openbank para banca; la operativa cripto recurrente vive en Bit2Me.
Pablo N. G. Cliente desde 2026
Compartimos CNMV, pero Openbank no deja sacar BTC a mi Ledger
Openbank y Bit2Me comparten supervisor MiCA, así que la licencia no era el problema — era el producto. El detonante fue intentar enviar bitcoin a mi wallet externa y descubrir que los activos permanecen custodiados en el banco. En Bit2Me retiro on-chain, uso Earn y declaro con el informe fiscal integrado. El banco fue cómodo para empezar; el exchange nativo es donde crecí.
Cristina A. S. Cliente desde 2025
Frequently asked questions
Conclusion
Openbank is a respectable gateway to crypto from Spanish banking: MiCA-CNMV, a clear 1.49% fee and the convenience of not leaving your app. If you only want to try bitcoin with Santander backing, it delivers. But if you want a broad catalogue, Pro fees, wallet withdrawal, Earn and crypto tax tooling, Bit2Me is the Openbank alternative built for the crypto investor. Opening an account is free and you do not need to close Openbank.
Data accuracy
This comparison draws on publicly available information on the internet — official fee schedules, regulator registers and verifiable announcements — and was cross-checked on July 1, 2026. If you spot an error or outdated figure, contact us and we will review it.
