Summary: Norisbank doesn't offer direct cryptocurrency investment options via its online banking portal. For those looking to venture into the digital asset world, the advisable path is to sign up with an exchange that has received BaFin approval and then transfer funds from Norisbank for trading activities, such as purchasing and selling crypto.
After scrutinizing various platforms, we recommend Bitpanda for its swift and fee-free EUR deposits from Norisbank accounts. Bitpanda, a platform regulated by BaFin, gives you access to over 3,000 cryptocurrencies, stocks, ETFs, and other tradable assets at competitive pricing and spreads. Additionally, Bitpanda provides the facility for crypto staking, enabling you to earn interest on your digital currencies.
- Fast and free Euro (EUR) deposits from Norisbank via SEPA, 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 Norisbank?
Norisbank has not yet introduced cryptocurrency trading on its platforms. However, customers can still invest in Bitcoin and other digital assets by transferring EUR from their bank account to a cryptocurrency exchange in Germany regulated by the Federal Financial Supervisory Authority (BaFin). Finding a platform that accepts EUR deposits is important to ensure you don't have to pay foreign exchange fees.
How to Buy Crypto with Norisbank
The most secure approach to acquiring Bitcoin and various cryptocurrencies through a Norisbank account is utilizing a regulated trading platform in Europe. From our in-depth review, we suggest using Bitpanda, owing to its adherence to BaFin regulations and seamless integration with Norisbank for deposits via SEPA Transfer, credit cards, Sofort, among other options. Once you have transferred Euros to the platform, you can trade over 3,000 assets.
Follow these four easy steps to get started:
- Sign up on Bitpanda and complete the identity verification process.
- Navigate to the 'Deposit Funds' section to initiate a Euro (EUR) transfer from your Norisbank account.
- Select your preferred deposit method (such as SEPA) and specify the amount you intend to transfer.
- Once the funds have been credited to your account, search for the cryptocurrency you wish to buy and finalize your transaction.
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Norisbank Cryptocurrency Policy
Norisbank adopts a cautious yet forward-thinking stance on cryptocurrencies. The bank allows clients to delve into digital assets by collaborating with exchanges approved by the Federal Financial Supervisory Authority (BaFin). This presents an impactful option for diversifying investment portfolios with Bitcoin and a variety of other digital currencies while also providing a hedge against volatility in traditional banking avenues.
Customers of Norisbank can effortlessly engage with cryptocurrency markets through accredited platforms such as Bitpanda. These platforms facilitate quick and secure transactions in Euros via SEPA transfers, debit cards, or credit cards.
What is Norisbank?
Norisbank is a German online bank that originated as a consumer credit institution in 1965, before transforming into a fully digital banking service in 2006. A subsidiary of Deutsche Bank Group, Norisbank offers a range of financial products and services, including current accounts, savings accounts, personal loans, and credit cards. It is headquartered in Bonn and has over 550,000 customers.
Distinguished for its 24/7 customer service and user-friendly mobile app, the bank places a strong emphasis on simplicity, transparency, and convenience. It appeals to tech-savvy individuals and those who value online banking features without needing a physical branch visit. Norisbank has gained a reputation for competitive interest rates and low fees, making it a popular choice among budget-conscious consumers in Germany.
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Final Thoughts
In conclusion, Norisbank does not offer digital currency trading among its banking services. Customers must join a licensed digital asset exchange to buy cryptocurrencies. Our experts identified Bitpanda as the best option thanks to its wide range of assets to trade, low fees, user-friendly interface, secure trading environment, BaFin regulation and 24/7 German-speaking customer support.
Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.
