Summary: Sofort does not directly facilitate cryptocurrency trades through its payment services. However, users can access the crypto market by transferring funds to exchanges that comply with European financial regulations.

Among these, eToro stands out as a regulated and user-friendly option for Sofort users interested in crypto investments. With licenses from authorities like CySEC, eToro offers efficient Euro deposit options and a diverse portfolio including over 4,500 assets, such as cryptocurrencies, stocks, and ETFs.

Top Crypto Platform for Sofort Transfers
5.0 out of 5.0 by Datawallet

eToro is the best platform for Sofort because it is regulated, user-friendly, and offers efficient Euro deposits along with a diverse range of over 4,500 assets, including cryptocurrencies.

Licensing & Regulation

The FCA, CySEC and other Tier-1 Regulators.

Available Assets

4,500 Cryptocurrencies, Stocks, ETFs and more.

EUR Deposit Methods

Sofort, IBAN, SEPA, Debit Cards and more.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Can I Buy Crypto with Klarna (Sofort)?

Yes, purchasing Bitcoin using Sofort (a Klarna service) is possible. To invest in Bitcoin or other cryptocurrencies, you need to register on a European cryptocurrency exchange that accepts Sofort payments through IBAN. Since Sofort does not process crypto transactions directly, it's important to choose an exchange that adheres to European regulatory standards. This ensures both the security of your investments and compliance with regulations.

How to Buy Bitcoin and Crypto with Sofort

Sofort users seeking to buy Bitcoin or other cryptocurrencies can use eToro, a platform that complies with European financial regulations. eToro supports deposits via Sofort, facilitating smooth transactions from your bank account. On eToro, you can invest in over 4,500 assets, including cryptocurrencies, stocks, and ETFs, creating a diverse investment portfolio.

Here’s a straightforward guide to buying Bitcoin and crypto with Sofort on eToro:

  1. Create an Account: Visit eToro’s official website and sign up. Complete the verification process to enhance your account security.
  2. Deposit Funds: Go to the 'Deposit' section on your eToro dashboard to add funds to your account.
  3. Select Currency and Payment Method: Choose 'EUR' as your currency and select Sofort for your deposit.
  4. Invest in Cryptocurrencies: After depositing, use eToro’s search feature to find and invest in the cryptocurrencies of your choice.
Buy Bitcoin and Crypto with Sofort

What are the Fees?

The fees for using Sofort to fund cryptocurrency transactions in Europe vary depending on the chosen exchange. Common charges include transaction, deposit, and withdrawal fees, which can differ based on the exchange and the specific cryptocurrency.

For cost-conscious investors, eToro is a notable option. It provides low Sofort deposit fees, competitive trading fees, and spreads around 1% for crypto trades. This is generally more economical compared to platforms like Coinbase, where trading fees can reach up to 2%.

Is Sofort by Klarna Crypto-Friendly?

Yes, Sofort by Klarna is suitable for crypto transactions, depending on the policies of the banks supporting Sofort payments. Many of these banks permit transactions with regulated cryptocurrency brokers, typically overseen by regulatory bodies such as the Cyprus Securities and Exchange Commission (CySEC) and the UK's Financial Conduct Authority (FCA).

This compliance with European Union regulations ensures a secure and legitimate environment for cryptocurrency transactions. Banks partnering with Sofort usually enable clients to confidently engage with platforms meeting these strict standards, highlighting Sofort's compatibility with the global cryptocurrency market.

About Sofort

Sofort, a service by Klarna, enables instant bank transfers for online purchases. Widely adopted across Europe, it supports seamless transactions directly from users' bank accounts without requiring credit card details. Key products like Sofort Banking facilitate quick and secure payments, leveraging robust encryption to protect users' financial data. Compliant with stringent European regulations, Sofort ensures a reliable and efficient payment experience for both merchants and consumers.

Bottom Line

In conclusion, buying Bitcoin and other cryptocurrencies with Sofort by Klarna is both feasible and secure when using a compliant European exchange like eToro. By following straightforward steps, you can efficiently deposit funds and invest in a variety of assets. While fees vary by platform, eToro offers competitive rates, making it a cost-effective choice.