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How to Buy Crypto with CSOB Bank

How to Buy Crypto with CSOB Bank

Alysha Jane
Fact Checked
Sep 3, 2022

Summary: CSOB Bank does not directly offer cryptocurrency investing services in the Czech Republic through its online banking platform. That said, CSOB does allow its customers to withdraw Czech koruna or Euros from their account to a licensed cryptocurrency exchange.

If you are looking to get started quickly, we recommend a platform like eToro EU for Czech natives. They are a licensed and regulated platform that enables investors to connect their CSOB Bank account and deposit funds to trade thousands of different assets with zero fees.

Table of Contents

eToro Platform Highlights

Platform Highlights

  • Fast and cheap Euro (EUR) deposits from all European Banks.
  • Licensed by the Financial Conduct Authority (FCA) and ESMA.
  • 80+ Cryptos and over 7,000 Stocks, ETFs & Commodities with low fees.

Can I Buy Cryptocurrencies with CSOB Bank?

No, the CSOB banking platform does not offer any products or services that support cryptocurrency trading, or cryptocurrency custody for its clients. This means you cant buy assets directly through your online banking account, or custody your cryptos with the bank for secure storage.

However, you can link your CSOB Bank account to a European Securities and Markets Authority (ESMA) licensed cryptocurrency exchange and deposit koruna or Euros to buy cryptos. With this method, you can transfer money via bank transfer, debit card or credit card.

How to Buy Crypto or Bitcoin with CSOB

The best way to buy digital assets like Bitcoin and Ethereum with a CSOB account in the Czech Republic is through a trusted platform like eToro. They offer fast and cheap deposits from CSOB Bank to trade over 80 cryptocurrencies and 8,000+ stocks, ETFs, commodities, mutual bonds, treasury notes and more.

You can get started in 4 simple steps:

  1. Create an account: Sign up to the eToro platform and verify your identity.
  2. Fund your account: Select the 'Deposit Funds' button on the bottom of your screen to deposit funds from your CSOB Bank account.
  3. Find Crypto: Once the funds hit your account, find the Crypto you want to buy on the eToro platform with their 'Discover' tab.
  4. Execute your trade: Input the fiat amount you want to buy and execute your trade.

CSOB Bank Cryptocurrency Policy

CSOB Bank, one of the largest banks in the Czech Republic, has released its official policy on cryptocurrencies. The bank stated that it will not provide any services related to cryptocurrencies, such as buying, selling, or holding them. This is in line with the position of other major banks in the country, such as Česká spořitelna and Komerční banka.

However, CSOB Bank clarified that it does not prohibit its clients from buying or selling cryptocurrencies. It also said that clients will not be subject to any penalties for doing so. This policy is likely to impact the cryptocurrency industry in the Czech Republic, as CSOB Bank is one of the largest banks in the country. It remains to be seen how other banks will respond to this development.

CSOB Bank

About CSOB Bank

CSOB, or Ceskoslovenska Obchodni Banka, is one of the oldest banks in Central and Eastern Europe. It was founded in 1919 in Prague and currently has over 3,000 employees. The bank offers a full range of banking services to both retail and corporate clients. These include loans, mortgages, savings accounts, credit cards, and investment products. CSOB is also active in the Czech Republic's capital market. The bank is majority-owned by the Belgian financial group KBC.

In recent years, CSOB has been awarded several prestigious accolades. In 2015, it was named the "Best Bank in the Czech Republic" by Euromoney magazine. The following year, it was ranked as the "Most Innovative Bank" in Central and Eastern Europe by The Banker magazine.

CSOB is committed to helping its clients reach their financial goals. It offers a wide range of products and services that are designed to meet the needs of both individuals and businesses. The bank has a strong focus on providing excellent customer service. It has a team of experienced and knowledgeable bankers who are always available to help clients with their financial needs.

Alysha Jane

I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.

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