Crypto Banks
How to Buy Bitcoin with Sparda Bank West

How to Buy Bitcoin with Sparda Bank West

Sara White
Fact Checked
Oct 26, 2022

Summary: Bitcoin and other cryptocurrencies such as Ethereum and Tether are becoming increasingly more popular in Germany. This guide outlines the most secure and affordable way to invest in cryptocurrencies with a Sparda Bank West account.

The best way to purchase cryptocurrencies and other digital assets with a Sparda Bank West account is by signing up to a secure and regulated cryptocurrency exchange in Europe like eToro EU.

Table of Contents

eToro Platform Highlights

Platform Highlights

  • Fast and cheap Euro (EUR) deposits from all European Banks.
  • Licensed by the Financial Conduct Authority (FCA) and ESMA.
  • 80+ Cryptos and over 7,000 Stocks, ETFs & Commodities with low fees.
78% of retail CFD accounts lose money.

Dpes Sparda Bank offer Crypto or Bitcoin?

Unfortunately you cannot buy Bitcoin directly on the Sparda Bank West banking platform. This is because crypto is still considered a relatively new financial product and the licensing required to offer a cryptocurrency-investing feature on the platform is hard to obtain. There are however alternative options to investing in crypto with a Sparda Bank account.

Investors in Germany can create an account on a licensed and regulated cryptocurrency exchange, link their Sparda Bank account and use that platform to purchase Bitcoin and other crypto. We recommend using eToro as it's the most secure centralised cryptocurrency investing platform in Europe. In addition to buying cryptocurrencies, users can also invest in stocks, commodities, currencies, indices, ETFs and more on eToro.

Sparda Bank West Home Page
Sparda Bank West Home Page.

How to buy Bitcoin with Sparda Bank West Online

In the below example we show users how to buy Bitcoin with a Sparda Bank West account via Bank Transfer. There are alternative deposit methods supported on eToro such as Credit/Debit card if you wish to buy Bitcoin and crypto with a card instead. You can apply this method to any deposit option you wish to choose. Follow the steps to get started.

  1. Sign up to eToro and verify your identity
  2. Select ‘Deposit Funds’ and choose Bank Transfer as the payment method, then enter the amount of EUR you wish to deposit
Fund your account on eToro
  1. You will be redirected to this banking details page, copy the details into your Sparda Bank West banking app and send EUR to eToro's account. Bank transfers may take approximately 4-7 working days to be processed from the time of transfer.
eToro Bank-to-Bank Wire Transfer
  1. Once the funds have arrived in your eToro account, search for Bitcoin, enter the amount you want to invest and select ‘Open Trade’
Buy Bitcoin on eToro with Sparda Bank West
Buy Bitcoin on eToro with Sparda Bank West

Is Sparda Bank West Crypto Friendly?

Yes, Sparda Bank West has a positive stance on cryptocurrencies and offers guides on how to buy Bitcoin on its platform. The bank is yet to officially announce whether or not it will add a cryptocurrency investing feature on its platform in the future. You can read more about its stance on cryptocurrencies by visiting this informative guide on Bitcoin provided by the bank.

About Sparda Bank West

Sparda Bank West is a German bank headquartered in Dortmund. It was founded in 1966 and offers a wide range of financial services including banking, asset management, and insurance. The bank has over 4,000 employees and operates branches in all major German cities. Sparda Bank West is a member of the Sparda-Banken Verbund, one of the largest cooperative banking groups in Germany.

It offers a wide range of products and services for both private and corporate customers. The bank's product range includes savings and current accounts, loans, investment products, and insurance products. This year, Sparda Bank West was ranked first among German banks for customer satisfaction. The bank has also been awarded the "Best Bank" award by the German banking magazine "Bankingcheck" for four consecutive years.

Sara White

I fell into crypto during the 2017 mania and have been around ever-since. I know write, research and publish my own reports on the digital asset ecosystem.

View Posts