Can I buy Cryptocurrencies with DKB Bank?
The short answer is no. DKB Bank does not offer any cryptocurrency products or services through their online banking app, which means customers in Germany cannot invest in digital assets or custody their coins directly with the bank.
That said, DKB Bank does allow its customers to withdraw Euros (EUR) into European Securities and Markets Authority (ESMA) licensed crypto brokers to invest in the asset class.
How to buy Bitcoin or Crypto with DKB online
As mentioned above, the easiest way to invest in cryptocurrencies like Bitcoin and Ethereum with a DKB Bank account is with an ESMA-licensed platform like eToro. They offer fast and cheap EUR deposits from DKB to trade over 80 cryptocurrencies, and 7,000+ stocks, ETFs, commodities, mutual bonds and other financial assets.
You can get started from your DKB login in 4 simple steps:
- Create an account: Sign up to the eToro platform and verify your identity (personal or company).
- Fund your account: Select the 'Deposit Funds' button on the bottom of your screen to deposit Euros (EUR) from your DKB online banking login.
- Find Crypto: Once the funds hit your account, find the Crypto you want to buy on the eToro platform with their 'Discover' tab.
- Execute your trade: Input the fiat amount you want to buy and execute your trade.
DKB Bank Cryptocurrency Policy
DKB Bank's current policy on cryptocurrency investing is that customers are allowed to use their online banking login to make third-party deposits into European licensed crypto brokers. This means that while DKB does not offer any digital assets themselves, customers from Germany can still purchase and custody cryptocurrencies through a regulated provider.
As the asset class continues to grow in popularity, it is likely that DKB Bank will eventually offer direct crypto products and services to their customers. Until then, investors in Germany can still use DKB to indirectly invest in the space.
What is DKB Bank?
DKB Bank is a German direct bank, headquartered in Berlin. It offers banking products and services for private customers, small businesses and corporate clients. The bank is a subsidiary of the Deutsche Kreditbank AG (DKB) and is regulated by the German Federal Financial Supervisory Authority (BaFin).
The bank was founded in 1965 as "Deutsche Kreditbank" and started out as a state-owned bank. It was privatized in 1990 and became a direct bank in 2002. DKB is part of the Deutsche Bank Group, one of the largest banking groups in the world. DKB Bank offers a wide range of products and services, including savings and checking accounts, loans, mortgages, investment products, credit cards and insurance. The bank also offers online and mobile banking services.
DKB Bank has branches in Berlin, Hamburg, Munich, Frankfurt and Stuttgart. The bank also has a network of ATMs and partner banks across Germany. DKB is one of the leading direct banks in Germany with over 4 million customers. The bank has won several awards, including the "Best Bank" award from the magazine "Focus Money" in 2015 and 2016.