Summary: GLS Bank does not support direct cryptocurrency transactions through its online banking portal. Those interested in crypto trading need to first register with a service approved by the German Federal Financial Supervisory Authority (BaFin), and then transfer Euros (EUR) for transactions.
Among our recommended options, Bitpanda shines due to its instant and fee-free Euro deposits from GLS Bank accounts. As a BaFin-regulated platform, Bitpanda offers access to a wide array of over 3,000 cryptocurrencies, equities, ETFs, and other tradable securities at competitive rates and market spreads. They also propose crypto staking as a method to earn interest on assets.
- Fast and free Euro (EUR) deposits from GLS Bank via SEPA bank transfer, credit card, debit card and more.
- Trade 3,000+ crypto assets, stocks, ETFs and more in one platform.
- Offers crypto staking with up to 25% APY in rewards.
Can I Buy Bitcoin with GLS Bank?
Yes, GLS Bank customers have the opportunity to invest in Bitcoin, as well as a wide variety of other digital currencies, through authorized German cryptocurrency exchanges recognized by the Federal Financial Supervisory Authority (BaFin). These platforms facilitate transactions in Euros directly from GLS Bank accounts or using credit cards issued by GLS Bank. Given that these exchanges function under the purview of regulatory bodies, they provide a safe and regulated environment for cryptocurrency trading and investment.
How to Buy Bitcoin and Crypto with GLS Bank
To purchase Bitcoin and other digital currencies via GLS Bank, we suggest using Bitpanda. This is a renowned BaFin-licensed exchange, which integrates seamlessly with GLS Bank accounts. Customers can deposit money through various methods, including SEPA bank transfers, credit cards, Sofort, and more. With over 3,000 assets available in cryptocurrencies, equities, and ETFs, Bitpanda is a reliable and BaFin-regulated platform.
Here's a straightforward guide to assist you:
- Sign up with Bitpanda and verify your identity.
- Click on the 'Deposit' button to transfer Euros (EUR) from your GLS Bank account.
- Choose the deposit method (such as SEPA) and enter the amount you intend to transfer.
- Once your account is funded, find the cryptocurrency you aim to buy and complete your transaction.
GLS Cryptocurrency Policy
GLS Bank promotes a balanced yet forward-thinking perspective on cryptocurrencies. It enables its customers to invest in digital currencies through cryptocurrency intermediaries sanctioned by the German Federal Financial Supervisory Authority (BaFin) or comparable European regulators such as FMA or ESMA. This strategy aids investors in diminishing traditional banking risks while broadening their portfolios with Bitcoin and a comprehensive array of other digital assets
About GLS Bank
GLS Bank, or Gemeinschaftsbank für Leihen und Schenken, is a German ethical bank that was founded in 1974. It's known for being the first social and ecological bank in the world. The bank's primary mission is to finance projects that contribute positively to societal and environmental development.
GLS Bank operates based on a principle of transparency, where clients know where their money is being invested. The bank finances projects in areas such as renewable energy, organic agriculture, education, social housing, healthcare, and arts and culture. The bank also offers various financial services to individuals and businesses, including savings accounts, loans, investment funds, insurance services, and more.
In conclusion, GLS Bank provides an accessible gateway to cryptocurrency investment, including Bitcoin, by supporting transactions via authorized German cryptocurrency exchanges like Bitpanda. GLS Bank's modern stance towards digital currencies is tempered by adhering to regulations from established financial supervisory authorities such as BaFin, FMA, or ESMA, ensuring customers can invest in cryptocurrencies in a secure, regulated environment.