Can I buy Crypto with Nuri Bank?
Nuri Bank (formerly Bitwala) is a popular new digital bank based in Germany that allows users to earn interest on EUR & GBP deposits, and buy and sell crypto directly through their app. The Nuri Crypto App only offers Bitcoin and Ethereum trading, and their fees are higher than industry standards at over 1% per transaction.
That said, if you want to buy Cryptocurrencies with Nuri bank - we recommend you deposit EUR or GBP from your Nuri account into a licensed cryptocurrency exchange. With this method, you will be able to avoid the high fees charged by Nuri and still get access to digital assets.
How to buy Crypto with a Nuri Bank Alternative
The easiest way to buy Cryptocurrencies from a Nuri Bank account is by depositing EUR or GBP into a licensed crypto broker like eToro. Their platform offers over 65 different digital assets and thousands of Stocks, ETFs, Options, Commodities, and more to trade with zero fees.
You can get started from your Nuri account with our simple guide below:
You can get started with this simple guide:
- Step 1: Sign up to the eToro EU trading platform and verify your identity as a European citizen.
- Step 2: Select the 'Deposit Funds' button at the bottom of your eToro Dashboard.
- Step 3: Select the fiat currency (EUR, GBP, USD or AUD) and preferred deposit method to start buying Crypto.
- Step 4: Once the fiat has landed in your account, you can buy, sell and trade any of the thousands of assets listed on their platform.
About Nuri Bank
Nuri Bank is a digital bank that offers interest accounts, crypto trading and crypto-backed loans to users in Europe. The company was founded in 2015 by Jorg von Minckwitz and Jan Goslicki from their headquarters in Berlin, Germany.
Nuri Bank offers both fiat and cryptocurrency-backed loans to its users. Fiat-backed loans are denominated in Euros, while cryptocurrency-backed loans can be taken out in either Bitcoin or Ethereum. To qualify for a loan, users must first deposit collateral into their Nuri Bank account. Nuri Bank currently allows users to borrow up to 50% of the value of their collateral.
Nuri Bank is a regulated financial institution in Germany. The company holds a license under the German Banking Act to operate as a payment service provider.