Summary: For individuals with a SpareBank account that want to invest in cryptocurrencies like Bitcoin and Ethereum, eToro and Uphold are ideal platforms to get started with. They provide a user-friendly and regulated platform where beginners can easily buy 100s of cryptocurrencies. After a quick sign-up process, users can deposit funds from their SpareBank account either via a bank transfer or with their credit/debit card.
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
Although you are unable to directly buy cryptocurrencies using SpareBank, you have the option to fund third-party exchange using your SpareBank account.
So while SpareBank does not offer direct access to cryptocurrencies, it's customers still have the option to indirectly purchase them through trusted exchanges like Uphold and eToro.
The first crucial step to begin your journey of buying and selling cryptocurrencies is to sign up for a safe, reliable and regulated exchange such as eToro or Uphold.
We recommend these two platforms as they are perfect for beginners, with user-friendly interfaces and the ability to purchase and trade hundreds of cryptocurrencies.
This process is a simple and completely free of charge, taking only a few minutes of your time. After signing up, you need to connect your SpareBank account, and then proceed to make your first deposit.
Bank deposits, through ACH, are entirely free of charge, while credit or debit card transfers may attract some charges. However, the benefit of card transfers is that they offer instant funds deposit, while bank transfers could take some time.
Once your funds have been successfully deposited into your account, you can begin trading cryptocurrencies such as Bitcoin, Ethereum, Solana, and many others.
1. Create Account: Signup and add your identity verification.
2. Deposit Funds: Via your SpareBank account or credit card/debit card.
3. Start Buying: Once your deposit has arrived in your account.
SpareBank's core focus is not on providing products and services related to cryptocurrency. However, customers who bank with SpareBank have the flexibility to sign up for regulated cryptocurrency exchanges and easily deposit money to buy and sell cryptocurrencies such as Bitcoin and Ethereum.
Customers of SpareBank are allowed to deposit fiat currencies to regulated cryptocurrency exchanges using their debit or credit cards to purchase and sell cryptocurrencies. We advise using regulated exchanges to avoid any potential difficulties that may arise while depositing or withdrawing funds.
Although SpareBank doesn't currently offer any cryptocurrency related services, it's still regarded as a crypto-friendly bank due to its supportive stance towards its customers buying and selling cryptocurrencies.
SpareBank allows its customers to connect their bank accounts or link their debit cards to regulated third-party exchanges, enabling them to transact cryptocurrencies with ease.
Additionally, SpareBank has no history of imposing any limitations on deposits or withdrawals from regulated exchanges, highlighting its commitment to supporting its customers' crypto activities.
SpareBank is a Norwegian bank that was founded in 1823. It has a rich history, having grown from a small bank in Norway into one of the largest financial institutions in the country. Today, SpareBank has more than 300 branches throughout Norway and serves over 1.7 million customers.
The bank has a wide range of products and services, catering to both individuals and corporations. Personal banking services include savings and checking accounts, credit cards, loans, and mortgages.
The bank also offers wealth management services, including investment advice and portfolio management. For businesses, SpareBank provides financing and cash management services, such as loans, insurance products, and payment solutions.
SpareBank operates primarily in Norway, but it also has some international presence. The bank has subsidiaries in Sweden, Denmark, and the UK, and it has representative offices in China, Brazil, and India.
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
