Although direct cryptocurrency purchases cannot be made through Bawag Bank, customers of Bawag can still invest in digital assets via regulated exchanges.
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Summary: eToro and Uphold are reliable and EU-regulated exchanges that Bawag customers can use to invest in cryptocurrencies. They are beginner friendly exchanges that allow users to easily buy and sell 100s of digital assets like Bitcoin, Ethereum, Solana and Doge. Signup takes just 2 minutes and is free of charge. Once your account has been created, you can deposit EUR or other fiat currencies via bank transfer or credit/debit card.
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
Although direct cryptocurrency purchases cannot be made through Bawag Bank, customers of Bawag can still invest in digital assets via regulated exchanges.
The first step in safely and regulalry exchanging cryptocurrency involves signing up for a reputable platform such as eToro and Uphold.
We recommend using eToro and Uphold due to their beginner-friendly interface and wide variety of cryptocurrencies available for purchase.
Furthermore, signing up for an account is extremely quick and completely free of charge. After signing up, you can easily connect your Bawag Bank account to initiate your first deposit.
It should be noted that bank deposits (ACH) are completely free while credit or debit card transfers may be slightly more expensive.
Once your deposited funds are available, you can start buying and selling cryptocurrencies such as Bitcoin, Ethereum, Solana, and many others.
1. Create Account: Signup and add your identity verification.
2. Deposit Funds: Via your Bawag account or credit card/debit card.
3. Start Buying: Once your deposit has arrived in your account.
Bawag Bank offers its customers convenient access to conventional banking services such as checking and savings accounts, loans, and credit cards. However, the bank does not specialize in providing products and services related to the cryptocurrency industry.
Despite this, customers who hold accounts with Bawag Bank are permitted to register for and use regulated exchanges to purchase and sell cryptocurrencies like Bitcoin and Ethereum.
As a customer of Bawag Bank, you have the option to use your debit or credit cards to deposit fiat currencies to regulated cryptocurrency exchanges.
As mentioned, we recommend using regulated exchanges to ensure that your transactions are safe and secure.
Even though Bawag Bank does not currently have any services specifically geared towards cryptocurrencies, it is still regarded as a banking institution that is friendly to crypto enthusiasts.
This is mainly because Bawag Bank customers have the option to easily link their bank accounts or debit cards to approved third-party crypto exchanges.
Bawag has a reputation for not imposing restrictive measures on transactions involving regulated cryptocurrency exchanges.
Bawag Bank is one of the largest banks in Austria, with a rich history dating back to 1922.
Originally established as a bank for the Austrian trade union movement, Bawag Bank has since expanded its reach and services to meet the needs of individuals, businesses, and institutions throughout Austria and beyond.
Today, Bawag Bank serves over 2.5 million customers across Austria, the Czech Republic, Slovakia, and Germany, offering a wide range of financial products and services.
These include traditional banking services such as checking and savings accounts, loans, and mortgages, as well as investment and wealth management services and products.
In recent years, Bawag Bank has also made significant strides in digital banking. The bank's mobile app, for example, has garnered praise for its user-friendly interface and range of features, including mobile payments and budgeting tools.
Bawag Bank has been recognized with numerous awards and accolades in recent years. These include being named Austria's Best Bank by Euromoney in 2019, and winning multiple awards for its digital banking offerings.
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
