How To Buy Crypto with Deutsche Bank

    • James Page

James HeadshotAuthor: James Page - Last Updated on June 28, 2022

Summary: Banks generally don’t offer crypto trading as part of their platform due to the regulations and complexities that come with setting up a cryptocurrency exchange. However, that doesn’t mean you can’t use your Deutsche Bank account to buy crypto.

All you need is a reliable and trusted crypto exchange. We recommend using eToro as it’s a very well-known exchange (rated 4.2/5 with over 15000 reviews) with a good amount of cryptocurrencies to choose from and great support.

Buy Crypto with eToro

How to buy crypto or bitcoin with Deutsche Bank

As stated above, just like with the vast majority of banks, you can’t buy crypto with Deutsche Bank on their platform. At the time of writing, banks aren’t implementing crypto trading platforms yet, seemingly because of the extra regulations they need to adhere to, in addition to other complexities when it comes to setting up a crypto trading platform.

However, there are many cryptocurrency exchanges that you can use for buying bitcoin and other cryptocurrencies.

1. Choose a crypto exchange

While there are a lot of cryptocurrency exchanges, it can get a bit tricky comparing them all as they all offer very similar features. The differentiating factors are mainly fees, the amount of digital assets to choose from, and any special features that the other exchanges don’t have.

The reason we recommend going with eToro is that they have a great combo of global reach (a lot of exchanges only work within specific GEOs), competitive fees, and a few very neat features (like “Copy Trading”, which allows you to copy the trades of other investors on the platform).

Let’s get into it!

etoro crypto

2. Create an account on the exchange

The first thing to do is to create an account on the exchange and go through the required verification processes, which should go very smoothly as they’ve got it all streamlined.

Sign Up with eToro

eToro sign up form

3. Transfer funds into the account

Transferring funds from your Deutsche Bank account is also pretty easy as eToro supports bank transfer, PayPal, credit/debit card, and a few more deposit methods.

4. Buy crypto

Once the funds are in the account, you can navigate to their markets section, choose your cryptocurrency and hit the buy/trade button.

And that’s it, you now have some crypto, congratulations!

Buy Crypto with eToro

 

 

About Deutsche Bank

Deutsche Bank AG is a German multi-national investment bank and financial service company. Its headquarters are in Frankfurt, Germany.

The bank has a network that spans 58 nations, with an extensive presence in Asia, Europe and the Americas. [4] Deutsche Bank was the 21st-largest bank by total assets, and the 63rd largest by market capitalization in 2020. Deutsche Bank is a component in the DAX Stock Market Index as it is the largest German banking institution. The Financial Stability Board has designated it as a bank that is systemically important.

The bank is a general bank with four divisions: Investment Bank and Corporate Bank, Private Bank and Asset Management. Its investment banking operations often generate substantial deal flow.

According to the New Yorker Deutsche Bank, which has been involved with major scandals across a variety of issue areas, has had an "abject' reputation among major banks for a long time.

Deutsche Bank was founded by Germans in Berlin in 1870. It is a bank that specializes in financing foreign trade and export promotion. As its business model was focused on industrial customers, Deutsche Bank played a significant role in Germany's development. The bank's statute, adopted 22 January 1870 and granted a banking license by the Prussian government on 10 March 1870.

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