Summary: You cannot buy Cryptocurrency or Bitcoin directly through the Postbank online banking platform in Europe because they do not offer exchange services.
To buy digital assets, Postbank account holders will need to deposit fiat into a licensed exchange like eToro EU.
- Fast and cheap EUR deposits from 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.
Table of Contents
Can I buy Crypto with Postbank?
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.
This means that you will need to deposit EUR into a licensed and regulated trading platform from your Postbank account to start trading.
How to buy Crypto with Postbank Online?
The easiest way to buy cryptocurrency with Postbank Online is through the eToro EU trading platform. They offer fast and cheap EUR, USD, and GBP deposits to trade over 50 cryptocurrencies, stocks, ETFs, commodities, and much more. Their platform is licensed in Europe and is the most trusted multi-asset exchange.
You can follow this simple guide below to get started:
Step 1: Sign up to the eToro EU exchange and verify your identity.
Step 2: Select the 'Deposit Funds' button on your dashboard.
Step 3: Select your preferred fiat currency to transfer and 'Bank Transfer' as your payment method.
Step 4: Sign into your Postbank Online Banking account and deposit fiat into the unique deposit details provided to you by eToro.
Step 5: Once your fiat has arrived, you can buy and sell any asset listed on the eToro trading platform.
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.
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.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.