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How to Buy Crypto with Luminor Bank

How to Buy Crypto with Luminor Bank

Alysha Jane
Fact Checked
Oct 8, 2022

Summary: Luminor Bank does not offer crypto services directly, but it is possible to use its banking services to buy crypto with a third-party exchange. With this method, you can transfer Euros (EUR) via SEPA bank transfer or debit card/credit card to buy and sell cryptocurrencies.

We recommend the eToro platform because they offer instant and cheap bank transfers from Luminor internet banking to buy and sell a wide variety of crypto assets.

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.
78% of retail CFD accounts lose money.

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.

Luminor Bank
Luminor Internet Banking.

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 eToro platform because they are licensed and accept instant transfers from Luminor Bank. Their exchange offers a wide range of cryptocurrencies and over 8,000 stocks, ETFs and other assets.

You can get started in 4 simple steps:

  1. Create an account: Sign up to eToro EU and verify your account.
  2. Deposit funds: Select the 'Deposit Funds' button on the bottom of your screen to deposit EUR via Luminor Bank, or a Luminor debit card/credit card.
  3. Find your Crypto: Once the EUR hits your account, find the Crypto you want to buy on the eToro platform with their 'Discover' tab.
  4. Execute your trade: Input the EUR amount you want to invest and execute your trade.
Buy and sell Crypto with a Luminor Bank deposit.

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.

If you're looking for a bank in Latvia that offers a wide range of services and a strong focus on digital banking, then Luminor Bank is a good option to consider.

About eToro Europe

eToro is a social trading and investment platform with headquarters in Cyprus and Israel. The company was founded in 2007 by brothers Yoni Assia and Ronen Assia, and has since grown to become one of the world’s leading social trading platforms. eToro Europe is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Markets in Financial Instruments Directive (MiFID). The company is also registered with the Financial Conduct Authority (FCA) in the UK.

eToro offers a wide range of assets to trade including stocks, commodities, indices, ETFs, and currencies. The platform also allows users to copy other traders, and follow economic news. eToro offers a demo account to allow new users to practice trading before risking real money. The exchange is available across Europe and over 140 other countries worldwide. For more information, read our eToro Review.

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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