Summary: Volksbank does not directly facilitate cryptocurrency transactions. However, Volksbank clients can invest in crypto assets via regulated exchanges, using Euros (EUR) transferred from their accounts to buy digital assets on their selected platform.
Our thorough review of over 20 licensed platforms singled out Bitpanda as the best option for Volksbank users. Bitpanda, regulated in Germany by BaFin and also by CySEC in Europe, guarantees a smooth, low-fee EUR transfer from any bank, and offers access to a wide range of over 3,000 digital assets, stocks, ETFs, and other investment strategies, including crypto staking.
Can you Buy Crypto with Volksbank?
Yes, you can acquire Bitcoin and other digital currencies by utilizing Volksbank, transferring monetary resources from your Volksbank account or card to an authorized cryptocurrency platform in Germany. It's crucial to note, however, that Volksbank does not provide direct trading services for digital assets. Therefore, make sure to choose a reputable exchange that operates within German regulatory guidelines and accepts deposits in Euro (EUR).
How to Buy Bitcoin and Crypto with Volksbank
To securely buy Bitcoin or other cryptocurrencies with your Volksbank account or card, investors must utilize a regulated exchange. These platforms ensure quick Euro (EUR) transfers from Volksbank, enabling investments and transactions in numerous digital assets. Our analysis highlights Bitpanda as a suitable choice for Euro (EUR) deposits due to its fast transfers, broad selection of over 3,000 assets, crypto staking features, and adherence to BaFin regulations.
Here's a simple, step-by-step guide for your convenience:
- Enroll on Bitpanda and accomplish your identity verification.
- Tap on the 'Deposit' option, typically situated at the peak of your screen.
- Select Euro (EUR) as your currency and complete your transfer from Volksbank.
- Once your account is funded, locate the cryptocurrency you wish to purchase and execute your trade.
What are the Fees?
The costs linked with acquiring Bitcoin and different cryptocurrencies via Volksbank can vary depending on the exchange platform chosen. These may encompass diverse fees such as deposit, withdrawal, spread, and trading fees. Bitpanda is frequently recommended for Volksbank customers seeking an affordable solution.
Bitpanda sets itself apart by facilitating free, immediate EUR deposits from Volksbank, along with a comprehensive selection of over 3,000 assets and numerous crypto staking products. While other platforms like Coinbase and Uphold generally apply a spread fee surpassing 2%, Bitpanda upholds competitive rates, thus emerging as a favorite among cost-conscious investors.
Is Volksbank Crypto-Friendly?
Volksbank enables its customers to delve into the world of cryptocurrencies, including Bitcoin, Ethereum, Solana, stablecoins, and more digital assets, through exchanges that are sanctioned by regulatory bodies like the German Federal Financial Supervisory Authority (BaFin).
This ensures customers can engage exchanges that abide by both German and European standards designed to prevent financial malpractices, such as money laundering and fraud. By choosing a regulated exchange, Volksbank clients can feel secure that their investments in cryptocurrencies are not only safeguarded but also completely aligned with legal prerequisites.
In conclusion, Volksbank opens up the world of cryptocurrencies to its clients through legally regulated exchanges, rather than offering direct crypto trading. The bank's patrons can smoothly transfer Euros (EUR) from their accounts to reputable, regulatory compliant exchanges such as Bitpanda. Offering access to a diverse range of over 3,000 digital assets, Bitpanda ensures swift transfers, competitive rates, and compliance with German and European financial regulations, making it a recommended choice for Volksbank customers.