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Buy Crypto with VR Bank

Buy Crypto with VR Bank

Adrian Graham
Fact Checked
Jan 4, 2023

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 400 cryptocurrencies.

Table of Contents

Best Crypto Exchange in Germany

Platform Highlights

  • Free and instant Euro (EUR) deposits from any German Bank.
  • Trade 400+ Cryptocurrencies with fees starting from a low 0.1%.
  • Non-KYC exchange with proof-of-reserves that show customer funds are backed 1:1.
Bybit - Germany
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Audited Proof of Reserves
Audited Proof of Reserves

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.

  1. Create a free account on Bybit with your email address (ID verification not required).
  2. Find the fiat currency you want to use (EUR) and the crypto you want to buy (BTC).
  3. Select the deposit method you want to deposit Euros with.
  4. Complete the transaction and the funds will arrive in your account immediately.
How to buy Bitcoin and Crypto with VR Bank.
How to buy Bitcoin and Crypto with VR Bank.

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.

Bybit: Fees Schedule.
Bybit: Fees Schedule.

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.

Final Thoughts

‍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.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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