How to Buy Crypto with Luminor Bank

Can I Buy Crypto with Luminor?

Yes, you can purchase cryptocurrency through a licensed and regulated crypto exchange using Luminor Bank as your method of payment. Keep in mind that crypto exchanges and banks may have different regulations and requirements, so it's always a good idea to check with both the exchange and your bank to make sure you understand the process and any associated fees.

‍

How to Buy Crypto with Luminor Internet Banking

The easiest way to buy Bitcoin, Ethereum and other cryptocurrencies with a Luminor internet banking account is with a regulated crypto broker in Europe. As mentioned above, we recommend the Uphold platform because they are licensed and accept instant transfers from Luminor Bank. Their exchange offers over 210 cryptocurrencies.

You can get started in 4 simple steps:

1. Create a free account on Uphold and complete the verification process.
2. Select 'Euros' as the currency you want deposit on Uphold.
3. Connect your Luminor Bank account to quickly deposit your Euros.‍
4. Find the cryptocurrency you want to buy and execute your trade.

Is Luminor Bank Crypto-Friendly?

Yes, Luminor Bank is a crypto-friendly financial institution that allows its customers to buy and sell cryptocurrencies from third-party exchanges. The only policy Luminor Bank has about digital assets is that customers must sign up to a European Securities and Markets Authority (ESMA) licensed platforms to invest in the asset class.

‍

About Luminor Bank

Luminor Bank is one of the largest banks in Latvia with more than 500,000 customers and a wide network of branches and ATMs. The bank offers a wide range of banking services for both private individuals and businesses. These include deposit accounts, loans, credit cards, payment services, and investment products. Luminor Bank is part of the DNB Group, one of the largest financial groups in the Nordic and Baltic regions.

Luminor has a strong focus on digital banking and offers a wide range of online and mobile banking services. The bank also has a 24/7 customer service team that is available to help with any questions or concerns.

Final Thoughts

In conclusion, buying cryptocurrency with Luminor Bank is possible through a licensed and regulated crypto exchange. The recommended platform for this purpose is Uphold, which offers instant and cheap bank transfers from Luminor internet banking, is licensed and regulated in Europe, and has an audited proof-of-reserves for customer funds. It's important to keep in mind that both crypto exchanges and banks have different regulations and requirements, so it's always a good idea to check with both the exchange and your bank to ensure a smooth and secure process.