Can I buy Crypto on Allianz?
Unfortunately, Allianz Bank does not offer a digital asset investing feature on its platform. This is because it has not acquired the appropriate licensing operate a cryptocurrency exchange. Not to worry, there a safe alternative methods to investing in crypto with an Allianz Bank account.
Simply transfer funds from Allianz Bank to a secure and reliable cryptocurrency exchange and buy tokens directly on the platform. Bybit is the best cryptocurrency exchange in Europe and offers over 400 tokens to buy, sell, stake, loan and borrow. If you are interested in learning more about this platform, we recommend visiting our detailed Bybit Review.
How to buy Bitcoin with Allianz Bank
If you want to buy cryptocurrencies like Bitcoin with Allianz Bank, you have come to the right place. We suggest using the Bybit exchange as they offer free EUR, USD, AUD, GBP deposits to Allianz Bank account holders. Bybit has over 200 deposit methods including Bank Transfer, Credit/Debit Card, SEPA, POLi, Paysera and many more. Follow the below steps to get started.
- Sign up to Bybit with your email address (does not need ID or KYC information).
- Pick the fiat currency (EUR, USD etc) you want to use and the token you want to buy.
- Select the deposit method you want to deposit your funds from Allianz Bank with.
- Complete the transaction and the funds will arrive in your account immediately.
Is it expensive to invest in Cryptocurrencies?
It can be expensive to invest in crypto depending on what platform you use to purchase them on. However, Bybit is one of the most cost-effective digital-asset exchanges that offer free deposits and their spot trading fee is a low 0.1%. For futures/derivatives trading their maker/taker is the most competitive in the market at 0.01%/0.06%. There are no additional fees on Bybit.
About Allianz Bank
Allianz Bank is a German-based bank that offers a range of financial products and services. It has over 22 million customers in more than 70 countries. Allianz was founded in 1890 and has grown to become one of the largest banking institutions in the entire world.
The bank offers a wide range of products including savings accounts, checking accounts, credit cards, mortgages, and loans. Allianz Bank also has a strong focus on providing excellent customer service and has a dedicated team of customer service representatives who are available 24/7 to help customers.
Allianz Bank Digital-Asset Policy
Allianz Bank does not offer a digital asset investing feature on its platform. However, it is still possible to buy cryptocurrencies with Allianz Bank by transferring funds to a reliable cryptocurrency exchange like Bybit and buying tokens directly on their platform.
Allianz Bank is considered a ‘Crypto-Friendly’ bank and has nothing stated in its policies that would prohibit its users from investing in digital assets. No reports have surfaced of Allianz bank users’ funds being frozen when transferring to a crypto exchange.
Allianz is a great bank and they offer a range of products and services that are tailored to meet the needs of their customers. You can use your Allianz Bank account to transfer funds to secure digital asset platforms like Bybit, where you can buy any cryptocurrency you would like.