Summary VR Bank or Volksbank Raiffeisenbank does not directly offer cryptocurrency investing services through its online banking platform. However, customers of VR Bank do have the option to buy and sell cryptocurrency through a third-party provider.
We recommend using a third-party platform like Bybit, because users funds are always protected and transparent, as they provide proof-of-reserves showing customer funds are always backed 1:1. Bybit is a Non-KYC cryptocurrency exchange that offers a spot, margin, futures and options trading on over 300 cryptocurrencies.
Best Crypto Exchange in Germany
Platform Highlights
- Free and instant Euro (EUR) deposits from any German Bank.
- Trade 300+ Cryptocurrencies with fees starting from a low 0.1%.
- Non-KYC exchange with proof-of-reserves that show customer funds are backed 1:1.
Can you Buy Crypto with VR Bank?
At the moment, VR Bank in Germany does not provide any services for purchasing, trading, or holding digital currencies through its online banking platform, mobile application, or physical branches. To acquire cryptocurrencies, clients must sign up with a German digital asset exchange that is regulated by the Federal Financial Supervisory Authority (BaFin). After depositing Euros into their chosen platform, users can then engage in buying or trading various cryptocurrencies.
How to Buy Bitcoin and Crypto with VR Bank
The ideal way to buy cryptocurrencies using a VR Bank account is through a Federal Financial Supervisory Authority (BaFin)-regulated crypto exchange in Germany. This method allows customers to deposit Euros from their bank accounts onto a secure platform for investing in digital assets. We recommend using Bybit, as it is offers quick Euro deposits for trading over 300 cryptocurrencies with low fees.
To get started with your VR Bank account, follow this straightforward 4-step 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.
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Is VR Bank Crypto-Friendly?
VR Bank is open to crypto and doesn't freeze accounts or prohibit users from investing in digital assets. However, they haven't revealed plans to offer native crypto support within their banking services. This might be due to the high-risk perception of cryptocurrencies by traditional financial institutions. For instance, Germany's Federal Financial Supervisory Authority (BaFin) has cautioned clients about the risks involved in dealing with digital assets.
Additionally, the Deutsche Bundesbank (Germany's Central Bank) is exploring the potential of a Central Bank Digital Currency (CBDC) but hasn't decided whether to issue one yet.
What is VR Bank?
VR Bank, short for Volksbanken Raiffeisenbanken, is a group of cooperative banks in Germany. These banks operate under a shared brand and are part of the larger German Cooperative Financial Network, which also includes central institutions and specialized financial service providers. The VR Banks are owned by their members, who have a say in the bank's management and strategic decisions.
They focus on providing retail banking services, such as savings accounts, loans, mortgages, and other financial products, to individuals and small- to medium-sized businesses within their local communities. The cooperative nature of these banks promotes a strong focus on customer service and community development.

Final Thoughts
In conclusion, while VR Bank does not directly support cryptocurrency transactions through its services, customers can still access the crypto market using a trusted third-party platform, such as Bybit. This non-KYC exchange allows for quick Euro deposits and offers various trading options on over 300 cryptocurrencies.
Although VR Bank is crypto-friendly, it has not announced plans to integrate native crypto support. Germany's financial regulators continue to assess the risks associated with digital assets and explore the possibility of a CBDC. Thus, VR Bank customers seeking to invest in cryptocurrencies can do so securely by utilizing a BaFin-licensed trading platform.
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Author
Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.