Summary: The BW Bank online banking platform does not directly offer any products or services which enable customers to buy Cryptocurrencies in Germany. That said, investors can withdraw Euros (EUR) from their BW account into a licensed cryptocurrency broker to invest in digital assets.
If you are looking to get started quickly, we recommend the Bybit platform for BW Bank account holders. Bybit is a non-KYC crypto exchange that supports free and instant EUR deposits for BW bank users.
Best Crypto Exchange for BW Bank
- Free EUR deposits from BW Bank via SEPA, Credit/Debit Card, Google Pay, Maestro & more.
- Buy, sell and trade 400+ Cryptocurrencies for low fees via Spot, Futures & options trading.
- Non-KYC exchange with audited proof-of-reserves that show customer funds are backed 1:1.
Can you Buy Crypto with BW Bank?
Yes, it is possible to buy cryptocurrencies with BW Bank, provided that you use a regulated cryptocurrency exchange based in Germany that is authorized to conduct such transactions. As a regulated bank in Germany, BW Bank is subject to the country's financial regulations and must comply with the relevant laws and regulations. This includes the regulation of cryptocurrency transactions, which are treated as financial instruments in Germany.
Therefore, if you want to buy cryptocurrencies using BW Bank, you will need to use a cryptocurrency exchange that is authorized by the German regulatory authorities, such as BaFin. By using a regulated exchange, you can ensure that the transaction is compliant with German law and that your funds are secure.
How to Buy Bitcoin or Crypto with BW Bank
As outlined above, the fastest and easiest way to invest in Bitcoin with BW Bank is through a secure digital asset trading platform like Bybit. Bybit accepts EUR deposits from BW Bank users via Credit/Debit Card, Bank Transfer, SEPA, Google Pay and Maestro.
Here is a simple 4 step guide to getting started:
- Sign up to Bybit with your email address and create a password.
- Tap 'Buy Crypto', then 'One-Click Buy' and select 'EUR' as your currency.
- Select a deposit method and the cryptocurrency you want to purchase.
- Enter the amount you want to purchase and tap the 'Buy' button.
BW Bank Cryptocurrency Policy
BW Bank has not officially made a statement in regards to their stance on cryptocurrencies. It does not have anything stated in its policies that would prohibit its users from investing in digital assets such as cryptocurrencies. BW Bank account holders should not be concerned when transferring funds from their bank accounts to licensed trading platforms.
There have been zero reports of users funds being frozen when transferring to a regulated and licensed cryptocurrency exchanges since the boom of the asset classes popularity amongst German investors.
About BW Bank
The BW Bank is a German bank headquartered in Stuttgart. It was founded in 1869 as the "Bank für Wirttemberg" and changed its name to "Baden-Württembergische Bank" in 1970. As of December 31, 2016, the bank had total assets of EUR 206.8 billion and a workforce of 4,972 employees.
The bank is the fourth largest bank in Germany by market capitalization and one of the country's leading financial institutions. The bank provides a wide range of banking and financial services to private individuals, small businesses, corporate clients, and institutional investors. These services include retail banking, corporate banking, investment banking, asset management, and insurance.
In conclusion, it is possible to buy cryptocurrencies with BW Bank, a regulated bank in Germany, as long as you use a licensed and regulated cryptocurrency exchange authorized by the German regulatory authorities. By using a secure digital asset trading platform such as Bybit, BW Bank users can deposit funds via various payment methods, including Credit/Debit Card, Bank Transfer, SEPA, Google Pay and Maestro, and purchase cryptocurrencies such as Bitcoin. While BW Bank has not made any official statements regarding its stance on cryptocurrencies, there have been no reports of users' funds being frozen when transferring to a licensed cryptocurrency exchange.
Dylan Matthews is the Co-Founder and head of operations at Buy Bitcoin Bank, with a background in engineering and experience as a Prop Trader. He has leveraged his knowledge and skills to build and scale the platform, providing users with a seamless experience for buying and selling cryptocurrency.