How to buy Crypto or Bitcoin with Sparkasse Bank

Can I buy Cryptocurrencies with Sparkasse?

Sparkasse does not currently offer any digital asset trading services through their online banking platform, or physically at a bank branch. The Sparkasse platform also does not allow you to custody coins like Bitcoin or Ethereum through your personal or business bank account.

This means that customers will need to sign up with a cryptocurrency broker in Europe to deposit Euros and start trading. We recommend using the Bybit exchange, it is a secure cryptocurrency-investing platform that offers over 400 tokens to buy and sell. Learn more by visiting our detailed Bybit Review.

How to buy Crypto with Sparkasse Online

The easiest way to buy Crypto with Sparkasse online is through the Bybit trading platform. They offer fast and cheap EUR deposits from Sparkasse accounts via a variety of methods including Credit Card, Debit Card, Paysera, Google Pay, Bank Transfer, SEPA, Wise, Revolut, and Maestro. You can get started in minutes from your Sparkasse account with this guide:

1. Open a free account on Bybit with your email address (ID verification not required).
2. Find the fiat currency you want to use (EUR) and the cryptocurrency you want to buy.
3. Select the deposit method you want to deposit Euros with.
4. Complete the transaction and the tokens will arrive in your account immediately.

Is it legal to invest in digital assets in Germany?

‍Yes, investing in digital assets is legal in Germany. The German government has recognised the potential of this asset class and issued a number of guidelines to regulate its use. In addition, the Federal Financial Supervisory Authority (BaFin) is responsible for regulating investments in cryptocurrencies and other digital assets, ensuring that investors are provided with adequate protection.

Cryptocurrency trading is becoming increasingly popular in Germany and across Europe due to its accessibility and low entry barrier. As such, investors need to be aware of all potential risks associated with investing in digital assets before they start investing. It’s always recommended that you consult with a financial advisor or tax professional before making any investment decisions.

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About Sparkasse

Sparkasse Bank is a leading financial institution in Germany and Europe, providing a wide range of banking and financial services to its customers. Sparkasse is a safe and regulated bank, offering its services in a reliable and secure manner. The bank was founded in 1826, making it one of the oldest banks in Germany.

Today, Sparkasse serves more than 30 million customers across Germany and Europe. The bank offers a wide range of products and services, including savings accounts, loans, credit cards, investment products, and insurance products. Sparkasse also provides online banking services, allowing customers to manage their finances conveniently and securely.

Final Thoughts

‍Although Sparkasse Bank does not currently offer a service to buy or sell cryptocurrencies through its banking platform, it is possible for customers to purchase digital assets with Euros via third-party brokers. Bybit is the best cryptocurrency exchange for Sparkasse users and offers multiple free EUR deposit methods plus a low 0.1% trading fee.