Can you Buy Crypto with N26?
Yes, you can legally and securely purchase cryptocurrencies using N26 Bank. To do this, investors should sign up with a crypto exchange In Europe that accepts N26 Bank and Euros (EUR) for deposits. As N26 Bank and European banks do not directly support crypto trading, it is crucial to use an exchange regulated by the European Central Bank (ECB) or another relevant financial regulatory authority to ensure transaction safety and consumer protection.
How to Buy Bitcoin and Crypto with N26 Bank
The most secure and user-friendly method to purchase BTC and other cryptocurrencies using N26 Bank is through a regulated external exchange. This method allows users to safely deposit EUR from their N26 Bank account, among other possibilities. For the best experience, we recommend eToro due to its compatibility with N26 Bank, stringent adherence to regulations, selection over 3000 assets and fair transaction fees.
Here's a straightforward step-by-step guide to buying crypto with N26 Bank on their platform:
- Create a free account on eToro and complete the onboarding process.
- Select the 'Deposit Funds' button on the bottom left of your screen.
- Tap 'EUR' and your payment method, then send funds from N26 bank.
- Complete the deposit and open the search bar to buy your desired token.
What are the Fees?
The fees tied to buying cryptocurrency using N26 Bank transfers in Europe may differ depending on the chosen exchange platform. Generally, these fees encompass transaction fees, deposit fees, and withdrawal fees, which can fluctuate based on the platform and the particular cryptocurrency being traded.
We recommend eToro, as they provide low fee deposits via N26 Bank transfers, commission-free trading, and competitive spreads (1%) for trading crypto assets. This pricing structure is more cost-effective than common alternatives like Bitpanda and Coinbase, which typically charge up to 2% per trade.
Is N26 Bank Crypto-Friendly?
N26 Bank allows its users to invest in cryptocurrencies via third-party exchanges regulated by the European Central Bank (ECB). This means that users can use Europe-based exchanges that follow international rules and regulations designed to prevent financial crimes such as money laundering and fraud. By choosing a regulated exchange, N26 Bank users can be assured that their cryptocurrency investments are secure and comply with legal requirements.
In conclusion, N26 Bank enables its users to safely and legally invest in cryptocurrencies via compatible, Europe-based exchanges regulated by the European Central Bank (ECB). While the bank doesn't directly support crypto trading, using an external, regulated exchange like eToro ensures secure transactions, consumer protection, and a variety of asset choices.
Remember, fees can vary across platforms, but eToro stands out for its low deposit fees, commission-free trading, and competitive spreads. As an N26 Bank user, engaging with regulated exchanges not only assures secure investment but also compliance with international financial laws.