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How to buy Crypto with Volksbank
The best way to buy Cryptocurrencies like Bitcoin, Ethereum and Solana from a Volskbank account in Germany is through a European Securities and Markets Authority (ESMA) licensed platform. For users looking to get started quickly, we recommend Bybit for Volksbank users because they offer fast and cheap EUR deposits to start investing.
You can follow the simple guide below to get with a trusted exchange in Germany.
- Create a free account on Bybit with your email address and create a password.
- Go to the 'Buy Crypto' tab, click 'One-Click Buy', and select 'EUR' as your currency.
- Select a deposit method to transfer Euros and the cryptocurrency you want to purchase.
- Enter the amount you want to purchase and tap the 'Buy' button.
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Volksbank Crypto Policy
The Volksbank does not have an official policy on buying cryptocurrencies. However, the bank has taken a negative stance toward crypto in the past. In 2018, the bank stopped allowing its customers to use credit cards to buy cryptocurrencies. This was likely done to protect customers from taking on too much debt to speculate on digital assets.
That said, they do currently allow investors to buy and sell digital assets via cryptocurrency exchanges like Bybit.
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About Volksbank
Volksbank is one of Germany's leading banks. The bank was founded in 1871 and has its headquarters in Frankfurt. Volksbank has over 2,000 branches across Germany and employs around 20,000 people. The bank offer a range of products and services including savings accounts, loans, mortgages and investment products. Volksbank also have a strong online presence and offer an extensive range of online banking services.
The bank is a member of the German Banking Association and the European Bank Federation. It has its headquarters in Frankfurt am Main. The bank also has branches in Berlin, Hamburg, Munich and other major cities in Germany.
Final Thoughts
In conclusion, while Volksbank does not offer direct cryptocurrency trading for its customers, they can still buy cryptocurrencies by depositing Euros into a licensed cryptocurrency exchange in Germany. Bybit is a recommended option due to its proof-of-reserves system and non-KYC status, and users can follow a simple guide to make their purchases. While Volksbank has taken a negative stance toward crypto in the past, they currently allow investors to buy and sell digital assets via exchanges like Bybit.
