Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Summary: Raiffeisen doesn't directly facilitate cryptocurrency trades on its website or mobile platforms. However, Raiffeisen clients can venture into the digital asset sector by transferring Euros from their accounts to an approved exchange, strictly adhering to guidelines from the Financial Market Authority (FMA) and other significant European agencies.
From our evaluation, eToro stands as a premier option for Raiffeisen Bank patrons. Complying with regulations upheld by Tier-1 European regulators, eToro has emerged as a dependable hub for effortless Euro transfers from Raiffeisen and several renowned European banks. Once enrolled on the platform, clients have the avenue to a broad spectrum of over 3,000 financial assets, including cryptocurrencies, stocks, ETFs, and more.
Can you Buy Crypto with Raiffeisen Bank?
You can acquire Bitcoin, Ethereum, stablecoins, and other digital assets through Raiffeisen Bank by utilizing your Raiffeisen account, debit card, credit card and other payment methods. Those interested in delving into the cryptocurrency market should register with a reputable cryptocurrency exchange in Europe that accommodates Euro transactions via your preferred payment method. Although Raiffeisen Bank does not conduct cryptocurrency transactions directly, it offers a modern banking framework that eases purchases through external exchanges.
How to Buy Bitcoin and Crypto with Raiffeisen Bank
The most secure and convenient way to invest in cryptocurrencies using Raiffeisen Bank is through a regulated exchange. These platforms allow investors to instantly deposit EUR from their bank account using various methods, including bank transfer, SEPA transfer, Raiffeisen Bank debit card, and credit card.
Follow this simple 4-step guide to get started with our recommended broker, eToro:
- Register for a free account on eToro and complete the onboarding process.
- Click the 'Deposit Funds' button on the bottom left of your screen.
- Choose 'EUR' and your preferred payment method, then transfer funds from your Raiffeisen Bank account.
- Finalize the deposit and use the search bar to purchase your desired token.
What are the Fees?
The charges linked to the procurement of Bitcoin and other digital currencies via a Raiffeisen Bank account can differ, depending on the selected cryptocurrency exchange. Key costs to contemplate comprise deposit charges, withdrawal fees, spread costs, and trading fees.
We endorse eToro as a cost-efficient option for Raiffeisen Bank users, offering low-cost EUR deposits and reasonable commission trading. The principal expense when purchasing cryptocurrencies on eToro is a spread fee of approximately 1%, which is notably cheaper compared to other platforms like Kraken, known for levying fees exceeding 2%.
Is Raiffeisen Bank Crypto-Friendly?
Indeed, Raiffeisen embraces its customers' involvement in the crypto space, aiding transactions with entities that are approved and monitored by authoritative institutions such as the Financial Market Authority (FMA) in Austria and equivalent regulatory bodies across Europe. This vigilance ensures that Raiffeisen Bank clients can securely transfer Euros from their accounts to these sanctioned platforms, aligning with measures in place to prevent financial malfeasance.
Consequently, patrons of Raiffeisen Bank can explore the realms of cryptocurrencies with confidence, aware that their ventures are safeguarded and comply with the existing legal guidelines. Furthermore, the bank's progressive stance fosters an encouraging environment where both novices and seasoned investors can thrive and expand their digital assets portfolio.
In summary, Raiffeisen Bank empowers its clients to securely navigate the cryptocurrency market, despite not directly facilitating crypto trades. Through a collaboration with reputable platforms like eToro, clients can conveniently transfer Euros and invest in a vast array of financial assets. Raiffeisen Bank ensures a safe and regulated gateway, endorsing responsible exploration and expansion of digital assets portfolios within the confines of European regulatory guidelines.