Summary: For those interested to buy cryptocurrencies like Bitcoin with Volksbank, the best and safest alternative is to signup to exchanges like eToro and Uphold. These are regulated platforms that enable beginners to easily buy and sell 100s of digital assets including BTC, ETH, SOL, DOGE and many others. It only takes a few minutes to signup and you can then deposit fiat currencies like EUR from your Volksbank account.
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Although it's not possible to purchase cryptocurrencies directly through Volksbank, account holders can still buy digital assets using their Volksbank account on regulated exchanges.
This can be done by connecting their Volksbank account or by linking their credit or debit card to a regulated cryptocurrency exchange such as eToro or Uphold.
The first step towards buying and selling cryptocurrencies is to sign up for a regulated exchange that is safe and reliable, such as eToro or Uphold.
These exchanges are recommended because they are beginner-friendly and offer a wide range of over hundreds of cryptocurrencies to choose from.
Signing up for eToro or Uphold is a straightforward process that only takes a few minutes, and it is free of charge.
After signing up, you can connect your Volksbank account and make your first deposit.
It is worth noting that bank deposits (ACH) are free of charge while credit/debit card transfers come with a small fee.
Once your funds reach your account, you can start buying and selling cryptocurrencies such as Bitcoin, Ethereum, Solana, and many others on the exchange.
1. Create Account: Signup and add your identity verification.
2. Deposit Funds: Via your Volksbank account or credit card/debit card.
3. Start Buying: Once your deposit has arrived in your account.
Volksbank offers its customers access to traditional banking services like savings accounts, loans, and credit cards.
Their focus is not on providing products and services related to cryptocurrencies.
However, Volksbank customers are permitted to sign up for regulated cryptocurrency exchanges and deposit funds to buy and sell digital currencies like Bitcoin and Ethereum.
Customers of Volksbank are welcome to use their debit or credit cards to deposit fiat currencies into regulated cryptocurrency exchanges, which enables them to partake in the buying and selling of cryptocurrencies.
To ensure a smooth and hassle-free experience, it is highly suggested to use a regulated exchange when it comes to depositing or withdrawing funds.
Volksbank is considered to be a crypto-friendly bank in the sense that its customers have the option of connecting their bank accounts or linking their debit cards to regulated third-party exchanges.
There have been no instances of Volksbank restricting deposits and withdrawals to and from regulated exchanges.
Volksbank was founded in 1850 by a group of farmers in the German state of Bavaria. The bank's original purpose was to provide financial services to the agricultural community.
Volksbank is a financial services group with over 1,000 branches in Germany and Austria. It is the largest cooperative bank in Germany and the second largest in Austria. Volksbank offers a wide range of financial products and services, including savings accounts, loans, mortgages, investments, and insurance.
One key feature of the Volksbank model is the strong link they have with small and medium-sized enterprises (SMEs). Many Volksbanks offer business banking services tailored specifically to these types of businesses.
The history of the Volksbank movement can be traced back to the mid-19th century to the ideas of Hermann Schulze-Delitzsch and Friedrich Wilhelm Raiffeisen. They pioneered the concept of credit unions to help farmers and craftsmen who had limited access to banking services.
+3000 Cryptos, Stocks, ETFs
0% Fees on Stocks & ETFs
30M Users & 140 Countries
Regulated & Safe Platform
