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How to Buy Crypto with N26 Bank

How to Buy Crypto with N26 Bank

Learn about buying crypto with N26 Bank, including an in-depth look at transaction costs and options for cryptocurrency enthusiasts in the EU.

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

Summary: N26 Bank provides a user-friendly and integrated banking platform for trading a range of over 200 cryptocurrencies, catering well to beginners. However, its transaction fees, which are 1.5% for Bitcoin and 2.5% for other cryptocurrencies, along with an additional average spread of over 1.5%, should be a consideration for potential users.

For those in the EU seeking more economical options for crypto trading, eToro stands out as a viable alternative offering lower fees and over 4,500 assets. In the end, the choice between N26 Bank and other platforms hinges on individual priorities regarding cost and the convenience of an integrated banking and cryptocurrency trading experience.

Top Platform for N26 Bank
5.0 out of 5.0 by Datawallet
eToro stands out as the best platform for N26 Bank users due to its lower fees, regulatory compliance, and expansive range of over 4,500 trading assets.
Licensing & Regulation
CySEC, the FCA and other Tier-1 Regulators.
Available Assets
4,500 Cryptocurrencies, Stocks, ETFS & more.
Deposit Methods
Bank Transfer, SEPA, N26 Card, Credit Card and more.

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

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Can I Buy Crypto with N26 Bank?

Absolutely, N26 Bank allows its customers to trade in a diverse selection of over 200 cryptocurrencies, including mainstream choices like Bitcoin and Ethereum, through its banking application.

Nonetheless, customers should be aware that N26 imposes a trading fee of up to 2.5% per transaction, positioning it as one of the more costly cryptocurrency platforms in Europe for investing. This high fee is a crucial factor for users to consider when utilizing N26 Bank for their digital currency investments and transactions.

How to Buy Crypto with N26 Bank

For investing in cryptocurrencies via N26 Bank, start by moving funds from your N26 account to a trusted cryptocurrency exchange. We recommend eToro for EU investors, given its strong regulatory compliance, efficient deposit options compatible with N26, and a comprehensive selection of over 4,500 trading assets.

Follow this straightforward guide to begin:

  1. Sign Up and Verify on eToro: Go to the eToro website, register for an account, and complete the verification steps.
  2. Make a Deposit: Find and click the ‘Deposit Funds’ button on the eToro interface.
  3. Select Your Currency and Payment Method: Choose your currency (e.g., EUR) and a payment method like Bank Transfer. Then, transfer the desired amount from your N26 Bank account.
  4. Invest in Cryptocurrencies: Once your deposit is reflected in your eToro account, use these funds to buy and invest in your preferred cryptocurrencies.
Buy Crypto with N26 Bank

What are the Fees?

N26 Bank's crypto trading features a transaction fee structure critical for users to understand. Trading Bitcoin incurs a 1.5% fee, while other cryptocurrencies come with a 2.5% fee, although exceptions may apply for certain coins. Each transaction at N26 Bank displays its associated exchange rate and fees on the buying and selling interfaces, ensuring transparency for users before confirming their trades.

Contrastingly, eToro offers a more economical approach for cryptocurrency investments. eToro's fees are generally lower, with an average spread of approximately 1% across its wide range of digital assets. This makes eToro a viable option for those seeking cost-effective trading opportunities.

Is N26 Bank Good for Crypto?

N26 Bank, known for its modern banking solutions, provides access to a wide range of cryptocurrencies, accommodating over 200 varieties. This integration of crypto services with regular banking makes it a convenient option for newcomers to cryptocurrency or those who value seamless financial management. However, its fee structure, with 1.5% for Bitcoin and 2.5% for other cryptos, plus an additional average spread exceeding 1.5%, may deter frequent traders or those sensitive to higher transaction costs.

While N26 Bank excels as a modern banking solution, offering the ease of managing traditional and digital finances in one place, it is not the most cost-effective platform for dedicated crypto asset investment. For individuals prioritizing lower fees and frequent trading, exploring other platforms specialized in cryptocurrency might be more advantageous.

N26 Bank Good for Crypto

Bottom Line

In conclusion, N26 Bank is a user-friendly option for those new to cryptocurrency trading, offering a broad spectrum of over 200 digital currencies. However, its higher transaction fees and additional spreads mark it as a less favorable choice for cost-conscious or frequent traders. For EU investors seeking more economical trading opportunities, eToro provides a competitive regulated alternative with lower fees and a vast selection of assets. 

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