Summary: Luminor Bank does not directly offer services for cryptocurrency investment, although clients are able to purchase crypto through reliable digital asset exchanges. It’s important to find a platform regulated with the Financial Intelligence Unit (FUI) in Estonia to ensure you adhere to local laws and regulations.
Upon reviewing multiple trading platforms across Europe, our specialists have determined that Bybit is the most fitting choice for Luminor Bank's clients. This platform allows swift and cost-free deposits in EUR to facilitate the buying, selling, trading, and staking of over 770 different digital currencies. Bybit is renowned for its derivatives trading and offers up to 100x leverage on futures and options.
- Instant Euro (EUR) deposits from Luminor via Bank Transfer, Debit Card or Credit Card.
- Buy, sell and trade 770+ Cryptocurrencies for low fees via Spot and Futures trading.
- Regulated and trusted exchange with over 18 million users.
Can I Buy Bitcoin with Luminor?
Yes, Luminor Bank facilitates its clients' transactions using Euros (EUR) towards licensed cryptocurrency exchanges across Europe. It's important to mention that Luminor Bank doesn't directly offer services for buying or trading digital currencies. For secure cryptocurrency trading, customers are recommended to utilize a reputable exchange regulated in the regions of Estonia and Europe.
How to Buy Crypto with Luminor Bank
As previously mentioned, the best way for Luminor Bank customers to buy and trade digital assets is by using the Bybit exchange. Bybit provides free and instant deposits in Euros through several payment methods, which include SEPA, Wise, Easy Bank, Zen, Credit/Debit Card, Bank Transfer, Google Pay, Maestro, and more.
Start trading hundreds of cryptocurrencies with Luminor Bank by following these steps:
- Create an Account: Register for free on Bybit and complete the verification requirements.
- Choose Payment Method: Click 'Buy Crypto' and select a deposit method.
- Select Token: Find your desired token and pick 'EUR' as your currency.
- Buy Crypto: Add the amount you wish to invest and click 'Buy'.
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Luminor Bank Cryptocurrency Policy
Luminor Bank exemplifies a balanced yet progressive stance on digital assets. The bank facilitates its clients' exploration of the cryptocurrency arena through exchanges sanctioned by the Financial Intelligence Unit (FUI) in Estonia, the Bank of Latvia, or similar European financial authorities like the European Securities and Markets Authority (ESMA).
By offering a gateway to Bitcoin, among other cryptocurrencies, investors can mitigate common banking risks analogous to the latest declines in particular US-based banks. At the same time, they can broaden their investment portfolio with digital currencies.
What is Luminor Bank?
Luminor Bank was founded in 2017 and currently has the position of third-largest financial services provider in the Baltics region. With its headquarters in Estonia, it is a new-generation institution that offers modern banking services to individuals, businesses, and even children. Besides loans and investments, their banking products and services include private, corporate, and personal banking.
Luminor is a joint venture between DNB Bank and Nordea Bank. This has successfully made it the choice of more than 870,000 customers. The bank also allows its customers to sell or buy cryptocurrencies with the help of MiCA-regulated (Markets in Crypto Assets) platforms. Apart from Estonia, its digital banking services are accessible in Lithuania and Latvia.
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Final Thoughts
To sum up, Luminor Bank allows cryptocurrency trading via a licensed and regulated crypto exchanges. After comparing Europe’s best digital asset trading platforms, our team concluded that Bybit is the most secure and affordable option for European investors as it provides free and instant EUR deposits to Luminor Bank account holders. To learn more about this exchange, visit our Bybit Review.
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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