Can you Buy Crypto with Raiffeisen Bank?
Yes, investors can connect their Raiffeisen Bank accounts to regulated European cryptocurrency exchanges and deposit Euros (EUR) and other currencies. This reliable method for funding digital asset trading platforms is typically free on leading exchanges. We advise investors to steer clear of unregulated options like Binance, which could present potential custodial risks.
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.
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What are the Fees?
Depositing Euros (EUR) using Raiffeisen Bank is entirely free on eToro for SEPA and bank transfers, including EUR withdrawals. However, if you deposit funds from a debit card or credit card, you will incur a 2.49% fee. The other fee you will encounter is the spread between the bid and ask prices for a specific cryptocurrency pair, averaging around 1% per trade. eToro does not impose any other extra fees or commissions on transactions.
Is Raiffeisen Bank Crypto-Friendly?
Yes, Raiffeisen Bank is a crypto-friendly institution that allows its clients to transfer funds to European Securities and Markets Authority (ESMA) exchanges. This means that account holders do not need to worry about the potential for account freezes or blocked transfers when depositing or withdrawing Euros (EUR) to regulated crypto brokers.
Bottom Line
In summary, buying Bitcoin and crypto assets with a Raiffeisen Bank account is safe and easy when using an ESMA-regulated exchange. Based on our analysis, we recommend the eToro platform due to its fast and cheap deposits and wide range of cryptocurrency and traditional assets.