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How to buy Crypto and Bitcoin with Postbank

How to buy Crypto and Bitcoin with Postbank

Adrian Graham
Fact Checked
Jan 13, 2023

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 cryptocurrency exchange.

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.

Table of Contents

Best Crypto Exchange in Germany

Platform Highlights

  • Free and instant Euro (EUR) deposits from any German Bank.
  • Trade 400+ Cryptocurrencies with fees starting from a low 0.1%.
  • Non-KYC exchange with proof-of-reserves that show customer funds are backed 1:1.
Bybit - Germany
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Audited Proof of Reserves
Audited Proof of Reserves

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.

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.

Postbank
Postbank Online Banking.

How to buy Crypto with Postbank Online

The easiest way to buy cryptocurrency with Postbank Online is through the Bybit trading platform. Postbank users can deposit Euros to Bybit via SEPA, Bank Transfer, Credit/Debit Card, Maestro or Google Pay. You can get started in 4 simple steps with this guide:

  1. Open a free account on Bybit with your email address and create a password.
  2. Go to the 'Buy Crypto' tab, click 'One-Click Buy', and select 'EUR' as your currency.
  3. Select a deposit method to transfer Euros and the cryptocurrency you want to purchase.
  4. Enter the amount you want to purchase and tap the 'Buy' button.
How to buy Crypto with Postbank Online.
How to buy Crypto with Postbank Online.

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.

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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.

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EU Banks
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Centralized Exchanges
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Finance

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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