Summary: Easybank provides its customers with a secure connection to authorized digital asset exchanges, ensuring adherence to the Austrian Financial Market Authority's regulations. Although the bank does not offer direct cryptocurrency trading through its own banking interface, it enables seamless EUR transfers to trusted trading platforms.

In our comprehensive evaluation of various exchanges, we identified eToro as the prime choice for Easybank customers. eToro supports over 3,000 cryptocurrencies, stocks, ETFs, commodities, indices, and traditional currencies. Its competitive fee structure, multiple EUR deposit methods, and German interface make it a well suited option for Austrian investors.

Table of Contents

Can I Buy Bitcoin with Easybank?

Yes, Easybank customers can invest in Bitcoin and a range of other cryptocurrencies through digital currency exchanges in Austria. It's essential to choose a platform that adheres to the regulatory standards of the Austrian Financial Market Authority (FMA) or the Cyprus Securities and Exchange Commission (CySEC). These exchanges offer a safe method for directly transferring Euros, enabling secure investments in various digital assets.

How to Buy Crypto with Easybank

The best way for Easybank customers to engage in cryptocurrency trading is through certified exchanges that accept Euro deposits. For this purpose, we recommend eToro, known for its wide selection of digital currencies and compliance with the guidelines of the Austrian Financial Market Authority (FMA). The platform offers various EUR payment options, including bank transfers, SEPA transfers, PayPal, and payments via credit or debit cards.

Easybank customers looking to trade digital assets with eToro can follow these four steps:

  1. Account Creation: Sign up for an eToro account and complete the required identity verification process.
  2. Choosing Currency: Navigate to "Deposit Funds" and select "EUR" as the currency of choice.
  3. Initiating Transfer: Choose a preferred payment method and begin a transfer from your Easybank account.
  4. Completing the Purchase: Search for the cryptocurrency you're interested in and finalize your purchase to secure your investment.
How to Buy Crypto with Easybank.
How to Buy Crypto with Easybank.

Easybank Cryptocurrency Policy

Easybank understands the significance of adapting to evolving financial technologies. It enables its clients to venture into the world of digital assets through exchanges regulated by the Austrian Financial Market Authority (FMA). For secure and trustworthy cryptocurrency dealings, we suggest using eToro, adhering to stringent regulatory requirements across Europe. eToro's headquarters are situated at 4 Profiti Ilia Street, Kanika Business Centre, 7th floor, Germasogeia, 4046, Limassol, Cyprus.

Digital Asset Investing Fees

For Easybank clients delving into the realm of cryptocurrency, a clear understanding of the associated fee structures is crucial for maximizing investment returns. Below is an overview of the typical fees one might encounter on an exchange:

  • Trading Fees: Platforms such as eToro generally impose a fee of around 1% for buying or selling digital currencies.
  • Deposit Charges: The costs here can vary based on the selected payment method. Transactions through bank and SEPA transfers usually incur lower fees compared to credit or debit card transactions, which may reach up to 2%.
  • Withdrawal Costs: The fees for withdrawing funds differ between various coins, with Bitcoin withdrawals often attracting a fee of around 0.0005 BTC.

Easybank customers looking to invest in cryptocurrencies should consider eToro for its competitive fee structure and instant Euro deposits. eToro's compliance with the regulatory frameworks of several European financial authorities, including the Cyprus Securities and Exchange Commission (CySEC), offers a secure and reliable platform for trading activities.

What is Easybank?

Easybank AG, headquartered in Vienna, is Austria's largest digital bank. It offers customers easy online access to various financial services using advanced technology and cutting-edge digital solutions. The products and services include savings accounts, loans, credit cards, investments, and insurance. As a direct bank, its secure, intuitive, and feature-rich application allows users to perform financial transactions seamlessly. 

Founded in 1996, Easybank is owned by BAWAG, one of the largest financial institutions in Austria. In 2021, the BAWAG Group bought Hello Bank’s Austrian division from BNP Paribas and merged it with Easybank. The bank's user-friendly platform and commitment to providing quality digital banking make it a preferred choice for modern consumers. 

Easybank: Home Page.
Easybank: Home Page.

Final Thoughts

In conclusion, Easybank allows customers to venture into the digital asset market by approving transactions to regulated exchanges. We recommend eToro as it provides instant EUR deposits to buy and sell thousands of assets with low investment fees on a multilingual interface, available in German and English. It also adheres to the regulations set by the CySEC and FMA, providing a safe and regulated trading environment.