How to buy Crypto with Commerzbank Online
As mentioned above, the best way to invest in cryptocurrencies with your Commerzbank account is through a licensed and regulated crypto broker in Europe. We recommend the eToro platform to users in Germany because they offer instant and cheap EUR bank transfers directly from Commerzbank to trade a wide variety of crypto assets and thousands of stocks, ETFs and other assets.
You can get started with this simple guide:
- Step 1: Sign up with the eToro EU platform and verify your details
- Step 2: Select the 'Deposit Funds' button at the bottom of your eToro dashboard to connect your Commerzbank account
- Step 3: Select your preferred deposit method & fiat currency & complete your deposit
- Step 4: Once the fiat arrives, navigate through the eToro platform and buy one of the thousands of available assets including Cryptocurrencies
Fees to Invest in Cryptocurrencies
The fees to invest in cryptocurrencies will vary depending on which crypto broker you use. For example, with the eToro exchange, they charge zero fees for bank transfers from Commerzbank accounts. However, they do have a fee in the spread of their prices which averages at around 0.5% per trade. This is significantly cheaper than popular alternatives like Coinbase who charge in excess of 1.99%.
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 regulated by the European Securities and Markets Authority (ESMA).
This is why we recommend platform's like eToro, who has held a license to operate in Europe as a multi-asset brokerage since 2008. eToro is also one of the few brokers that allow you to trade crypto with leverage (up to 5x) and offers a mobile trading app for iPhone and Android devices.
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.