Crypto Banks
How to Buy Crypto with Allianz Bank

How to Buy Crypto with Allianz Bank

Fact Checked
January 4, 2023
Our Promise

Our mission at Buy Bitcoin Bank is to help you make informed decisions. While we adhere to strict editorial integrity, some posts may feature partner products. Here's how we make money.

Summary: Unfortunately, Allianz bank account holders cannot purchase cryptocurrencies like Bitcoin and Ethereum directly through their online banking portal. If you want to invest in digital-assets with Allianz, the only way is by sending funds from your account or card to a cryptocurrency exchange.

The best and easiest way to buy cryptocurrencies with Allianz is by going through the Bybit exchange. Bybit is a secure and trustworthy exchange and one of the few that have proof-of-reserves highlighting customer funds are always backed 1:1. Additionally, it is a Non-KYC platform, meaning you do not need to verify your identity in order to deposit, trade and withdraw funds from the platform.

Table of Contents

Best Crypto Exchange for Allianz Bank

Platform Highlights

  • Free and instant EUR, USD, AUD, GBP, CAD deposits for Allianz users.
  • Trade 400+ Cryptocurrencies with fees starting from a low 0.1%.
  • Non-KYC exchange with proof-of-reserves that show customer funds are backed 1:1.
Bybit - Allianz
Visit Site
Audited Proof of Reserves
Audited Proof of Reserves

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.

  1. Sign up to Bybit with your email address (does not need ID or KYC information).
  2. Pick the fiat currency (EUR, USD etc) you want to use and the token you want to buy.
  3. Select the deposit method you want to deposit your funds from Allianz Bank with.
  4. Complete the transaction and the funds will arrive in your account immediately.
How to buy Bitcoin with Allianz Bank.
How to buy Bitcoin with Allianz Bank.

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.
Allianz Bank.

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.

Final Thoughts

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.

Andrew Chen

Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.

View Posts