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How to buy Crypto with Commerzbank Online
As mentioned above, the best way to invest in cryptocurrencies with your Commerzbank account is through a digital-asset exchange in Europe. We recommend the Bybit platform to users in Germany because they offer instant and cheap EUR bank transfers directly from Commerzbank. You can follow the simple guide below to get with a trusted exchange in Germany.
- Sign up to Bybit with your email address and create a password.
- Tap 'Buy Crypto', then 'One-Click Buy' and select 'EUR' as your currency.
- Select a deposit method and the cryptocurrency you want to purchase.
- Enter the amount you want to purchase and tap the 'Buy' button.
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Fees to Invest in Cryptocurrencies
The fees to invest in cryptocurrencies will vary depending on which crypto broker you use. For example, with the Bybit exchange, they charge zero fees for bank transfers from Commerzbank accounts. The only fee that you need to take into account is their trading fee, which is 0.1%. This is significantly cheaper than popular alternatives like Coinbase who charge in excess of 3.99%.
Is Commerzbank Crypto Friendly?
Commerzbank is a crypto-friendly financial institution in Germany that allows its customers to invest in digital assets through licensed crypto brokers. The only relevant policy Commerzbank has with regard to digital assets is that customers must use a trading platform that is secure and trustworthy.
This is why we recommend platform's like Bybit, who is one of the few brokers that offers transparency reports outlining customer funds are always held 1:1.
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About Commerzbank
Commerzbank is a leading international commercial bank with branches and offices in more than 50 countries. The bank offers a comprehensive range of products and services for corporate and institutional clients, small and medium-sized businesses, and private individuals. Commerzbank is represented at all the world's major stock exchanges. In 2022, the Bank reported gross revenues of EUR 10.3 billion. The bank's more than 54,000 employees served around 16 million clients worldwide as at the end of 2013.
The bank has a long tradition and a strong presence in Germany and Poland. Commerzbank is the leading bank for German companies in Poland and also supports Polish companies doing business abroad. In Germany, Commerzbank has a strong regional footprint with over 800 branches, focused on serving small and medium-sized enterprises. The Bank is also one of the leading corporate banks in Germany.
Final Thoughts
Commerzbank is one of the few financial institutions in Germany that allows its customers to invest in cryptocurrencies. However, due to Commerzbank’s conservative policies towards digital assets, account holders will need to sign up with a secure cryptocurrency exchange instead of buying and selling crypto directly through its online banking platform.
We recommend the Bybit platform in Germany because they offer instant and cheap EUR bank transfers directly from Commerzbank accounts with low trading fees of 0.1%.
