What is VR Bank?
Volksbank Raiffeisenbank is a cooperative banking association in Germany that provides support and services to its member banks. The organisation is made up of over 1,000 cooperative banks across the country, which are collectively known as VR Bank. VR Bank offers a wide range of financial products and services but does not provide any investing features through its online platform.
To buy cryptocurrencies with VR Bank, you will need to go through a secure and reliable cryptocurrency exchange like Bybit. Bybit is a crypto derivatives trading platform with over 400 cryptocurrencies to trade, stake, lend and borrow. It is a feature-rich exchange that offers an NFT marketplace, seven different trading types, and multiple staking options.
How to buy Bitcoin and Crypto with VR Bank
As mentioned above, the best way to buy Bitcoin and cryptocurrencies with a Volksbank Raiffeisenbank (VR Bank) account is through Bybit. Bybit accepts EUR deposits from VR Bank via Credit Card, Debit Card, Bank Transfer, SEPA, Wise, Revolut, Paysera, Google Pay or Maestro. Get started with the below guide.
- Create a free account on Bybit with your email address (ID verification not required).
- Find the fiat currency you want to use (EUR) and the crypto you want to buy (BTC).
- Select the deposit method you want to deposit Euros with.
- Complete the transaction and the funds will arrive in your account immediately.
Buying Crypto Fees
The fees to invest in Crypto with Volksbank Raiffeisenbank vary depending on the digital-asset exchange you use. Bybit offers some of the lowest fees available with free EUR deposits for VR Bank users and trading fees starting from a low 0.1% for spot markets, and 0.01%/0.06% for their maker/taker rebate.
Is VR Bank Crypto-Friendly?
Yes, VR Bank is crypto-friendly. They allow customers to deposit funds from their bank accounts into platforms like Bybit. If customers use decentralised exchanges with less regulatory clarity like Binance or Gate.io, VR Bank and other cooperative banks in Germany may freeze your bank account. However, Bybit is a secure platform that you can freely send and receive money to.
VR Bank is a cooperative banking association in Germany that offers services to its members. Customers can buy cryptocurrencies from VR Bank using Bybit, one of the securest and most reliable crypto exchanges with low fees for EUR deposits. Although VR Bank does not directly provide investing features, customers can still access the digital asset market through reputable platforms like Bybit.