How to Buy Bitcoin with Sparda Bank West

Can I Buy Crypto with Sparda Bank?

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 cryptocurrency exchange, link their Sparda Bank account and use that platform to purchase Bitcoin and other crypto. We recommend using Bybit as it's one of the only platforms in Germany that has an proof-of-reserves, showing that customer funds are held in secure custody 1:1.

‍

How to Buy Bitcoin with Sparda Bank West

As mentioned above, the best exchange to buy Bitcoin and Crypto assets with Sparda Bank is Bybit. Their exchange offer free Euro (EUR) deposits to trade over 400 cryptocurrencies with low fees and tight spreads. You can get started on a trusted exchange in minutes with this simple guide:

1. Sign up to Bybit with your email address and create a password.
2. Tap 'Buy Crypto', then 'One-Click Buy' and select 'EUR' as your currency.
3. Select a deposit method and the cryptocurrency you want to purchase.
4. Enter the amount you want to purchase and tap the 'Buy' button.

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.

‍

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.

‍

Final Thoughts

In conclusion, Bitcoin and other cryptocurrencies are becoming increasingly popular in Germany. While it is not yet possible to purchase cryptocurrencies directly on the Sparda Bank West platform, investors can still purchase digital assets by linking their Sparda Bank account to a secure cryptocurrency exchange.

We recommend Bybit, which is a non-KYC exchange that offers over 400 cryptocurrencies with low fees, tight spreads, and proof-of-reserves that show customer funds are held in secure custody 1:1. Sparda Bank West has a positive stance on cryptocurrencies and offers guides to help investors get started.