Summary: Postbank does not offer customers in Germany and throughout Europe the ability to buy or sell digital assets like Bitcoin and Ethereum. This is because their online banking platform does not support cryptocurrency trading or cryptocurrency custody like online wallets.
To that end, investors need to deposit EUR into a licensed and regulated trading platform from their Postbank account to start trading. With this method, you can transfer funds via Bank Transfer, Debit Card or Credit Card to get started. We recommend using the Bybit platform as it offers free Euro (EUR) deposits for Postbank users. They are also one of the only exchanges that has a live audited transparency report highlighting 1:1 backing of customer funds.
Best Crypto Exchange in Germany
Platform Highlights
- 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.
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How to Buy Bitcoin and Crypto with Postbank
As outlined above, the best way to buy digital assets with a Postbank account is with a licensed and regulated exchange in Germany. We recommend the Bybit platform because they offer instant Euro (EUR) deposits from Postbank via SEPA Transfer, Debit Card, Credit Card and other popular payment methods.
You can get started in 4 simple steps with this guide:
- Open a free account on Bybit with your email address and create a password.
- Go to the 'Buy Crypto' tab, click 'One-Click Buy', and select 'EUR' as your currency.
- Select a deposit method to transfer Euros and the cryptocurrency you want to purchase.
- Enter the amount you want to purchase and tap the 'Buy' button.
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Is Postbank Crypto-Friendly?
Postbank is a crypto-friendly bank in Europe that does not have any policies which would prohibit cryptocurrency trading. This means that customers are free to deposit and withdraw fiat from licensed digital asset trading platforms without having to worry about the potential of a bank freeze.
The only time customers may have issues is if they are caught depositing funds into unlicensed and off-shore trading platforms that do not have sufficient regulation.
About Postbank
Postbank is a publicly-owned German bank that provides retail banking services, including savings accounts, current accounts, and investment products. It is headquartered in Bonn and has branches throughout Germany. Postbank is one of the largest banks in Germany, with over 18 million customers.
In addition to traditional banking products, Postbank offers a range of investment products, including mutual funds, ETFs, and bonds. It also offers a variety of insurance products, such as life insurance, health insurance, and property insurance. Postbank is a member of the Deutsche Bundesbank (the German central bank) and is subject to its supervision. It is also a member of the Deposit Protection Scheme of the German Banking Association.
Final Thoughts
In conclusion, while Postbank does not currently support cryptocurrency trading or custody on their online banking platform, customers in Germany and throughout Europe can still buy and sell digital assets through licensed and regulated trading platforms. Bybit is a recommended platform as it offers free Euro deposits for Postbank users and has a live audited transparency report.
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Author
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.
