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How to Buy Crypto with Nordax Bank

How to Buy Crypto with Nordax Bank

Andrew Chen
Fact Checked
Sep 12, 2022

Summary: Nordax Bank is one of the leading Nordic banking institutions in Europe and has over 300,000 customers. Unfortunately, it does not offer any investing features on its banking platform, including crypto or shares. However, there are secure, alternative ways to investing in crypto with a Nordax Bank account.

Simply use a secure, regulated and licensed cryptocurrency investing platform and send funds from your Nordax Bank account. The best cryptocurrency exchange in Europe is eToro. eToro is the largest multi-asset investing platform in the world and offers investment opportunities in crypto, shares, ETFs, commodities, indices and currencies.

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.

What is Nordax Bank

Nordax Bank is a Swedish bank that offers financing and banking services to private individuals and companies. The company was founded in 1999 and today has around 200 employees. Nordax Bank has been profitable every year since its inception. Nordax Bank is headquartered in Stockholm, Sweden and has branches in Norway, Denmark, Finland, and the Netherlands.

The bank's mission is to offer simple and transparent financial solutions that make life easier for their customers. Nordax bank is licensed and regulated by the Swedish Financial Supervisory Authority and is registered with BaFin in Germany as it's a cross-border credit institution. Additionally, Nordax Bank is also a member of the Banking Association.

Nordax Bank page.
Nordax Bank page.

How to Buy Bitcoin & Crypto with Nordax Bank

The easiest way to buy Bitcoin with Nordax Bank is through the eToro Europe platform. Nordax Bank users can deposit Euros onto eToro via Credit/Debit Card, Rapid Transfer, Bank Transfer, Skrill, Neteller & PayPal. Follow the below steps to get started.

  1. Sign Up: Create an account on eToro and complete the verification process.
  2. Deposit EUR: Click 'Deposit Funds', pick a method and transfer money from your Nordax Bank account.
  3. Search for Bitcoin: Look for 'Bitcoin' in the search bar and select 'Trade'.
  4. Buy BTC: Input the amount you want to invest and tap 'Set Order'.
How to Buy Bitcoin with Nordax Bank.
How to Buy Bitcoin with Nordax Bank.

Is it safe and legal to buy Crypto in Europe?

Yes, cryptocurrency has been widely adopted in the majority of Europe. However, cryptocurrency regulation is still in its early stages, and different countries have taken different approaches. In some cases, buying and selling cryptocurrencies is completely legal. In others, there may be restrictions in place. However, eToro is regulated to operate in over 140 countries.

Generally speaking, most European countries have taken a permissive attitude towards cryptocurrencies. This means that while there are no explicit laws prohibiting their use, there is also no comprehensive regulatory framework in place. This could change in the future as more countries begin to develop specific regulations for cryptocurrencies.

Andrew Chen

Former Bitcoin Maximalist turned multi-chain enjoyer. I hunt down the best yields across AVAX, Solana, Fantom and other networks.

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