Can I buy Crypto or Bitcoin with Deutsche Bank?
Deutsche Bank does not offer any services on their online banking platform for customers to directly buy Bitcoin, Ethereum, and other cryptocurrencies. This is because they do not have a cryptocurrency wallet infrastructure that would enable you to buy and securely hold digital assets with Deutsche Bank.
The only way you can legally buy cryptocurrency from Deutsche Bank is by depositing fiat into a licensed and regulated digital asset trading platform.
How to buy Crypto with a Deutsche Bank account
The easiest way to buy Bitcoin and digital assets from a Deutsche Bank account is through a regulated trading platform in Europe. We recommend the Bybit exchange because they offer fast and cheap EUR deposits from Deutsche Bank to trade a 400+ crypto assets. You can get started in 4 simple steps:
- Open a free account on Bybit with your email address and create a password.
- Tap 'Buy Crypto', then 'One-Click Buy' and select 'Euros' as your fiat currency.
- Select a EUR deposit method and the cryptocurrency you want to purchase.
- Enter the amount you want to invest in your selected token and tap 'Buy'.
Is Deutsche Bank Crypto Friendly?
Deutsche Bank is one of the most crypto-friendly banks in the world. They have no banking policies that prohibits their customers from buying or selling cryptocurrencies directly through their Deutsche Bank online account.
They announced plans in the middle of 2021 to start to offer cryptocurrency services to their clients, however, have gone quiet since. We expect them to offer crypto custody and transfers by the end of 2022.
Deutsche Bank Crypto Deposit Fees
The deposit fees from Deutsche Bank to a trading platform like Bybit are free when using a bank transfer or SEPA. If you want to use a Debit Card or Credit Card the deposit fees are 1.49%. This is a cheaper alternative to other popular platforms in Germany or the EU like Coinbase, which charge 1.99% to deposit and another 2% to trade on their platform.
About Deutsche Bank
Deutsche Bank AG is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany. The bank's network spans 58 countries with a large presence in Europe, the Americas, and Asia. As of 2015, Deutsche Bank was the 17th largest bank in the world by total assets. The company employs around 100,000 people worldwide.
The bank's main operations are divided into four business segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), Deutsche Asset Management (DAM), and Non-Core Operations Unit (NCOU).
Deutsche Bank Corporate & Investment Banking (CIB) provides strategic advice, capital raising services, and transaction banking solutions to corporates, governments, and institutions worldwide. Deutsche Bank Private & Commercial Banking (PCB) offers a comprehensive range of services and products to private individuals, self-employed people, and small and medium enterprises in Germany. Deutsche Asset Management (DAM) is one of the world's leading asset managers with approximately EUR 743 billion of assets under management (as of December 31, 2015). NCOU is a legally separate unit within Deutsche Bank that houses businesses and portfolios not central to the bank's core business model.
Deutsche Bank AG was founded in 1870, and it has been publicly traded on the Frankfurt Stock Exchange since 1929. The bank is a component of the DAX, Deutsche Börse's blue-chip stock market index.
The Bank has been through some tough times in recent years, including an investigation by US authorities over its involvement in the subprime mortgage crisis. However, it has emerged stronger from these challenges and continues to be a major player in global finance. In 2021, Deutsche Bank ranked 30th on the Forbes Global 2000 list of the world’s largest public companies.