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Buy Crypto with Volksbank

Buy Crypto with Volksbank

Adrian Graham
Fact Checked
Sep 6, 2022

Summary: The Volksbank online banking platform does not directly offer cryptocurrency trading for customers. This means users cannot sign into their Volksbank login and buy BTC or ETH directly with Euros (EUR) from their bank account.

The only method available for Volksbank account holders is to deposit EUR into a regulated crypto brokerage in Germany. We recommend eToro because they are licensed and offer fast deposits to trade thousands of assets including cryptos, stocks, ETFs and more.

Table of Contents

eToro Platform Highlights

Platform Highlights

  • Fast and cheap Euro (EUR) deposits from all European Banks.
  • Licensed by the Financial Conduct Authority (FCA) and ESMA.
  • 80+ Cryptos and over 7,000 Stocks, ETFs & Commodities with low fees.

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 eToro for Volksbank users because they offer fast and cheap EUR deposits to start investing.

You can get started in 4 simple steps:

  • Step 1: Sign up to the eToro trading platform and verify your identity in Europe.
  • Step 2: Select the 'Deposit Funds' button at the bottom of your eToro Dashboard.
  • Step 3: Select your preferred deposit method to start buying Crypto via Volksbank (bank transfer, credit card/debit card or PayPal).
  • Step 4: Once the money has landed in your account, you can buy, sell and trade any of the thousands of assets listed on their platform.
eToro buy Crypto
Buying Crypto, Stocks and other assets with Volksbank.

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 licensed exchanges only. We recommend avoiding off-shore and unregulated platforms like Binance or Bybit because it may result in a bank freeze.

Volksbank online banking.

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.

Volksbank has a long history in Germany and is one of the country's oldest banks. The bank was founded in 1871 by a group of German businessmen. The bank was originally called the "Deutsche Volksbank" but later changed its name to "Volksbank". The bank grew rapidly during the 19th century and by the early 20th century it was one of the largest banks in Germany. The bank continued to grow during the 20th century and today it is one of the leading banks in Germany.

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.

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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