Can you Buy Crypto with Volksbank?

Yes, customers of Volksbank can invest in Bitcoin and other digital assets by linking their bank accounts to a German-based crypto exchange regulated by the European Securities and Markets Authority (ESMA). This secure and legal method lets investors deposit Euros from their Volksbank accounts into a compliant platform for buying, trading, and staking digital assets.

How to Buy Bitcoin and Crypto with Volksbank

The safest and easiest way to purchase digital currencies using a Volksbank account is by utilizing an ESMA-approved exchange such as eToro. As a regulated entity, eToro allows investors to quickly deposit Euros (EUR) from their Volksbank accounts through various payment methods, including SEPA bank transfers, Volksbank Cards, debit cards, credit cards, Giropay, Klarna, Sofort, and others.

Follow this straightforward 4-step guide to commence your investment journey:

  1. Register for an eToro account and complete the onboarding process.
  2. Click the 'Deposit Funds' button on the bottom left of your screen.
  3. Choose 'EUR' and your payment method, then transfer funds from Volksbank.
  4. Complete the deposit and use the search bar to purchase your desired token.
Buy Crypto Volksbank

What are the Fees?

The expenses involved in acquiring Bitcoin and other digital currencies using a Volksbank account are determined by the chosen crypto platform. Important fees to consider include deposit charges, withdrawal fees, spread percentages, and transaction costs.

We endorse eToro as a cost-efficient choice for Volksbank customers since it provides free Euro deposits and commission-free trading. The main expense when buying cryptocurrencies on eToro is a 1% spread, which is more competitive than other platforms like Coinbase, which impose fees over 2%.

Is Volksbank Crypto-Friendly?

Volksbank, a German bank, demonstrates a positive stance towards cryptocurrencies by allowing deposits to licensed exchanges that comply with the European Securities and Markets Authorities' guidelines. However, to safeguard clients' investments, Volksbank enforces strict limitations on transactions with offshore exchanges such as Binance.

These limitations mean that if you try to transfer funds onto an unregulated platform, your deposit and your bank account may be frozen.

Final Thoughts

In conclusion, while Volksbank does not directly support cryptocurrency trading via its online banking platform, its clients can still invest in digital assets by connecting their accounts to an ESMA-regulated exchange like eToro. This method provides a secure, legal, and cost-efficient way to invest in over 3,000 cryptocurrencies, stocks, ETFs, and other assets. With a simple 4-step process, Volksbank customers can quickly transfer funds and purchase desired tokens, taking advantage of eToro's competitive 1% spread.