Crypto Banks
How to Buy Crypto with CSOB Bank

How to Buy Crypto with CSOB Bank

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 Uphold 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 over 250 cryptocurrencies with zero fees.

Table of Contents

Best Crypto Exchange for CSOB Bank

Platform Highlights

  • Trade 210+ Cryptos with Fast and Cheap EUR or CZK deposits from Jyske Bank.
  • Regulated in Czech & Europe and has audited Proof-of-Reserves for customer funds.
  • Offers multiple asset classes including Crypto (and Crypto Staking), Stocks, ETFs, Metals, Currencies and more.
Uphold - CSOB Bank
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Audited Proof of Reserves
Audited Proof of Reserves

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

As outlined above, the best way to buy digital assets like Bitcoin and Ethereum with a CSOB account in the Czech Republic is through a regulated platform like Uphold. They offer fast and cheap deposits from CSOB Bank to trade over 250 on their exchange that is trusted by over 10 million users in the region.

You can get started trading from your CSOB account in 4 simple steps:

  1. Sign Up: Create an account on Uphold and complete your verification.
  2. Connect Account: Connect any CSOB Bank account to Uphold to deposit Euros (EUR).
  3. Deposit Funds: After selecting "My banks" you can select the amount of EUR to deposit and complete the transfer.
  4. Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
Deposit CZK or EUR via CSOB Bank.
Deposit CZK or EUR via CSOB Bank.

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.

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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