Summary: Volksbanken Raiffeisenbanken (VR Bank) does not facilitate direct cryptocurrency transactions through its online banking interface. Prospective crypto traders must first sign up with a service that is approved by the German Federal Financial Supervisory Authority (BaFin), and then transfer Euros (EUR) for transactions.
Among our top picks, Bitpanda stands out due to its instant and cost-free Euro deposits from Volksbank accounts. Being a platform regulated by BaFin, Bitpanda provides access to a broad spectrum of more than 3,000 cryptocurrencies, equities, ETFs, and other tradable securities at fair prices and market spreads. They also offer crypto staking to earn interest on assets.
- Fast and free Euro (EUR) deposits from Volksbank via SEPA bank transfer, 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 Volksbank?
Yes, Volksbanken clients can venture into Bitcoin investing, in addition to a comprehensive array of other cryptocurrencies, via trustworthy German crypto exchanges approved by the Federal Financial Supervisory Authority (BaFin). These platforms allow transactions in Euros directly from VR Bank accounts or via credit cards provided by VR Bank. As these exchanges operate under regulatory oversight, they assure a secure and regulated setting for cryptocurrency trading and investment.
How to Buy Bitcoin and Crypto with Volksbank
To buy Bitcoin and other cryptocurrencies via Volksbank, we recommend using Bitpanda. It's a well-known BaFin-licensed exchange, which synchronizes smoothly with Volksbank accounts. Users can deposit funds using diverse methods such as bank transfers (SEPA), credit card, Sofort, among others. Offering access to over 3,000 assets, including cryptos, equities, and ETFs, Bitpanda stands as a dependable, BaFin-regulated platform.
Here's a simple guide to help you get started:
- Register with Bitpanda and verify your identity.
- Click on the 'Deposit' button to transfer Euros (EUR) from your Volksbank account.
- Select the deposit method (such as SEPA) and input the amount you wish to transfer.
- Once your account is credited, locate the cryptocurrency you plan to purchase and finalize your transaction.
Volksbank Cryptocurrency Policy
Volksbanken Raiffeisenbanken (VR Bank), a leading financial entity in Germany, adopts a measured yet progressive stance towards cryptocurrencies. It allows its clients to invest in digital currencies via cryptocurrency intermediaries endorsed by the German Federal Financial Supervisory Authority (BaFin) or equivalent European regulators like FMA or ESMA. This approach assists investors in mitigating traditional banking risks while diversifying their portfolios with Bitcoin and a vast selection of other digital assets.
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, Volksbank accommodates its clients' interest in cryptocurrency investment by allowing transactions through BaFin-approved exchanges. Bitpanda, a recommended choice, offers a seamless interface with Volksbank, allowing users to diversify their portfolios with over 3,000 digital assets including Bitcoin and other cryptocurrencies. As these transactions are facilitated through regulated intermediaries, Volksbank clients can benefit from secure and regulated cryptocurrency trading, demonstrating the bank's progressive approach towards digital assets.
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.
