How to Buy Crypto with N26 Bank

Can I Buy Crypto with N26 Bank?

Yes, N26 Bank enables its users to trade in over 200 cryptocurrencies, including popular options like Bitcoin and Ethereum, directly through its banking app.

However, it's important to note that N26 charges a trading fee of up to 2.5% per transaction. This fee makes N26 one of the more expensive options for cryptocurrency trading in Europe. Prospective investors should carefully consider this cost when choosing N26 Bank for their cryptocurrency transactions.

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How to Buy Crypto with N26 Bank

To purchase cryptocurrencies using N26 Bank, you need to transfer funds from your N26 account to a reputable cryptocurrency exchange. We suggest eToro due to its strong regulatory compliance in Europe, seamless deposit options with N26, and a wide variety of over 4,500 crypto assets, stocks, ETFs and more.

Here's a simple guide to get started:

1. Register and Verify on eToro: Visit the eToro website, sign up for an account, and complete the necessary verification steps.
2. Deposit Funds: Click on the ‘Deposit Funds’ button within the eToro platform.
3. Select Currency and Payment Method: Choose your currency (e.g., EUR) and select a payment method like Bank Transfer. Then, transfer the desired amount from your N26 Bank account.
4. Invest in Cryptocurrencies: Once your deposit is processed, use these funds to purchase your chosen cryptocurrencies on eToro.

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What are the Fees?

Understanding the fee structure for crypto trading with N26 Bank is crucial. Trading Bitcoin incurs a 1.5% fee, while other cryptocurrencies have a 2.5% fee, though exceptions may apply for specific coins. N26 ensures transparency by displaying the exchange rate and associated fees on the transaction interface before confirmation.

In comparison, eToro provides a more cost-effective solution for cryptocurrency trading. eToro's fees are generally lower, with an average spread of around 1% across various digital assets, making it an attractive option for those looking for more economical trading opportunities.

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About N26

N26 Bank is a digital banking platform renowned for its user-friendly mobile app and innovative financial products. Offering accounts such as N26 Standard, N26 Smart, N26 You, and N26 Metal, it provides features like real-time transaction notifications, in-app budgeting tools, and free ATM withdrawals worldwide. With robust security measures and seamless integration for cryptocurrency trading, N26 stands out as a comprehensive solution for modern banking needs, ensuring transparency and convenience for its customers.

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Bottom Line

In conclusion, while N26 Bank allows users to trade over 200 cryptocurrencies directly through its app, the trading fees of up to 2.5% per transaction can be a significant consideration. For a more cost-effective option, platforms like eToro, which offer lower fees and a broad range of assets, may be preferable. N26 remains a robust choice for those seeking a seamless and secure digital banking experience with integrated cryptocurrency trading.