Summary: Deutsche Bank does not directly offer any cryptocurrency investing services through its online banking platform. The only available method for Deutsche Bank customers to invest in the asset class is by signing up with an ESMA-licensed platform and depositing fiat to trade.
Based on our analysis of over 25 platforms, we recommend Bybit because they offer fastest and cheapest EUR, GBP and USD deposits from Deutsche Bank accounts. Their exchanges offers over 350 crypto assets to trade with industry-leading fees on spot and derivatives markets.
Best Crypto Exchange in Germany
- Free and instant Euro (EUR) deposits from any German Bank.
- Trade 300+ Cryptocurrencies with fees starting from a low 0.1%.
- Non-KYC exchange with proof-of-reserves that show customer funds are backed 1:1.
Can I Buy Crypto with Deutsche Bank?
Deutsche Bank clients have the ability to invest in Bitcoin and a variety of other cryptocurrencies by using reliable BaFin authorized German exchanges that permit Euro transfers from Deutsche Bank accounts or Deutsche Bank credit cards. These platforms, which operate within Germany, are officially recognized and offer a secure and regulated environment for cryptocurrency investment and trading.
How to Buy Bitcoin and Crypto with a Deutsche Bank
As outlined above, the easiest way to buy Bitcoin and digital assets from a Deutsche Bank account is through a regulated trading platform in Europe. After comparing over 30 different exchanges, we recommend the Bybit exchange because they offer instant and free EUR deposits from Deutsche Bank via SEPA Transfers, credit cards and more to trade 350+ 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 a crypto-friendly institution that permits its German clients to deposit and withdraw Euros from sanctioned digital asset service exchanges. Nonetheless, Deutsche Bank users must engage with platforms regulated by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) for cryptocurrency transactions. We advise avoiding offshore and non-regulated exchanges such as Binance, as these could potentially result in the suspension of your bank account.
What are the 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%. Based on our experience, 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).
In Conclusion, Deutsche Bank, while not providing direct cryptocurrency services, is a crypto-friendly German bank that allows its customers to explore the exciting world of digital currencies through BaFin-regulated platforms. We suggest Bybit, based on its efficient Euro deposit services, competitive fee structure, and robust security measures, including customer Proof-of-Reserves.
Remember to stick to recognized platforms and avoid offshore or non-regulated exchanges to ensure the safety of your investment. The world of cryptocurrency is at your fingertips with Deutsche Bank and Bybit, making digital asset investment more accessible and secure.
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.