Summary: Targobank does not currently offer direct cryptocurrency investment options through its digital banking platform. To invest in digital assets, clients need to register on a platform that has been approved by BaFin and then deposit Euros (EUR) to begin trading.
After reviewing various platforms, we suggest Bitpanda for its fast and free EUR deposits from Targobank accounts. Bitpanda, being regulated by BaFin, boasts a portfolio of over 3,000 tradable assets which includes cryptocurrencies, stocks, ETFs, and other financial instruments at competitive prices and spreads. The platform also features the option to stake cryptocurrencies, allowing users to earn interest on assets.
- Fast and free Euro (EUR) deposits from Targobank via SEPA bank transfer, credit card, debit card and more.
- Trade 3,000+ crypto assets, stocks, ETFs and more in one platform.
- Offers crypto staking with up to 25% APY in rewards.
Can I Buy Bitcoin with Targobank?
Yes, Targobank customers can delve into Bitcoin and a plethora of other cryptocurrencies by using trustworthy German exchanges that are licensed by the Federal Financial Supervisory Authority (BaFin). These platforms accommodate Euro transactions directly from Targobank accounts or via Targobank-issued credit cards. As these exchanges are certified by BaFin, they provide a safe and regulated atmosphere for venturing into cryptocurrency investments and trading.
How to Buy Bitcoin and Crypto with Targobank
The best strategy to purchase Bitcoin and other cryptocurrencies with a Targobank account is through a regulated trading platform in Europe. From an evaluation of top exchanges, we recommend Bitpanda, owing to its acceptance of Targobank account deposits via SEPA Transfer, Targobank credit cards, Sofort, among other methods.
Here's how to get started in four simple steps:
- Register an account with Bitpanda and authenticate your identity.
- Click on the ‘Deposit Funds’ option to transfer Euros (EUR) from Targobank.
- Choose the deposit method (e.g., SEPA) and specify the amount you want to transfer.
- Once your account is funded, locate the cryptocurrency you wish to purchase and carry out your trade.

Targobank Cryptocurrency Policy
Targobank demonstrates a careful stance on cryptocurrencies. It permits its customers to engage in digital asset ventures through cryptocurrency platforms authorized by the Federal Financial Supervisory Authority (BaFin). This approach offers a considerable alternative to traditional banking volatility while diversifying portfolios with Bitcoin and other digital assets. Customers can conveniently participate in cryptocurrency markets via approved platforms such as Bitpanda, which supports quick and secure Euro funding via SEPA transfers, debit, or credit cards.
About Targobank
Targobank, previously known as Citibank Privatkunden AG & Co. KGaA, is a German bank predominantly operating in retail banking and is headquartered in Düsseldorf. It was acquired from Citigroup by French Crédit Mutuel Bank in February 2010 and renamed Targobank. They offer a wide range of services including checking accounts, credit and debit cards, investment products, insurance services, loans for personal and business needs, and various other financial products and services. The bank serves both private individuals and small to mid-sized businesses across Germany.
Final Thoughts
In conclusion, while Targobank does not offer direct cryptocurrency investment options, it enables its customers to engage in digital asset investments through BaFin-approved platforms. Bitpanda is our top recommendation due to its wide array of tradable assets, competitive pricing, and easy integration with Targobank accounts.
Whether you're looking to buy Bitcoin or diversify your portfolio with other digital assets, Bitpanda provides a reliable, convenient, and secure means to access cryptocurrency markets. Remember to navigate these platforms responsibly as you diversify your investment portfolio with digital assets.