Can You Buy Crypto with Danske Bank?

Yes, you can purchase Bitcoin and cryptocurrencies using Danske Bank by transferring funds from your Danske Bank account to a licensed and regulated third-party cryptocurrency exchange in Europe. Keep in mind that Danske Bank does not directly provide digital asset trading services, so it is essential to choose a reputable and licensed exchange that adheres to local regulations.

How to Buy Bitcoin and Crypto with Danske Bank

As mentioned earlier, the best method for purchasing cryptocurrencies using a Danske Bank account involves a regulated exchange. Based on our evaluation of leading brokers across Europe, we suggest eToro as the top platform for Danske Bank clients. eToro provides swift and affordable deposits in multiple currencies through bank transfer, SEPA transfer, Mobile BankID, Swish, debit card, credit card, and other payment options.

You can follow this simple 4 step guide to get started:

  1. Register for a free account on eToro and complete the onboarding process.
  2. Click the 'Deposit Funds' button on the bottom left of your screen.
  3. Choose the currency and your preferred payment method, then transfer funds from your Danske Bank account.
  4. Finalize the deposit and use the search bar to purchase your desired token.
Buy Crypto with Danske Bank

What are the Fees to Invest in Crypto?

The fees for investing in BTC and other crypto assets from your Danske Bank account will vary depending on the platform chosen. eToro, our recommended option, offers free SEPA transfers from Danske Bank accounts and no fees for trading over 3,000 assets on their platform. However, there is a small 1% spread charged when executing a trade, which is considerably more affordable than alternatives like Coinbase, which have spreads exceeding 2%.

Danske Bank Cryptocurrency Policy

Danske Bank has a crypto-friendly policy by allowing clients to transfer funds to regulated cryptocurrency exchanges in Europe. Consequently, investors can rest assured that their funds or bank transfers won't be frozen when depositing various currencies, including EUR, DKK, NOK, and more, from their Danske Bank account.

One important thing to consider with respect to Danske Bank's crypto asset policy is their stance toward off-shore and unlicensed exchanges. The bank has been known to freeze deposits when customers transfer funds to unregulated platforms like Bybit or KuCoin, which is why we recommend sticking to ESMA-licensed exchanges.

Bottom Line

In conclusion, while Danske Bank doesn't offer direct cryptocurrency trading, clients can securely invest in digital assets by transferring funds from their accounts to a reputable, ESMA-authorized exchange. Based on our analysis, eToro is considered the top choice for Danske Bank customers, providing a diverse range of assets, low fees, and multiple deposit options. To avoid potential issues, investors should adhere to Danske Bank's crypto-friendly policy and utilize licensed exchanges only.