How to Buy Crypto with Deutsche Bank [2024]

Summary: Deutsche Bank does not offer cryptocurrencies on its own platform. Therefore, investors in Germany will have to use a reputable third-party exchange like eToro to purchase digital assets such as Bitcoin (BTC) or Ethereum (ETH) by depositing EUR from their Deutsche Bank accounts.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

Can you buy crypto with Deutsche Bank?

It is possible to buy crypto with a Deutsche Bank account, but you will need to use a third-party brokerage or crypto exchange. This is because Deutsche Bank does not offer such a platform to its customers yet, but it does support funds transfer to well-regulated and licensed exchanges.

How to buy crypto with Deutsche Bank?

The best way to buy cryptocurrency with your Deutsche Bank account is to use a regulated broker in your local jurisdiction. One leading broker and exchange that you can use is eToro. It offers a host of features ideal for crypto investors, including copy trading, a feature that enables users to imitate top-performing traders.

Additionally, with eToro, users get access to more than seventy different digital assets to invest in by either trading, staking, holding, or sending to external wallets.

How to buy crypto with Deutsche Bank: Step-by-Step

You can get started in minutes with four simple steps using eToro as an example:

• Step 1: Create an account on the eToro platform and complete your identity verification (personal or company);
• Step 2: Navigate to the funding section, and initiate a new transaction to deposit fiat currency (USD, EUR, CHF, etc.) from your Deutsche Bank account or card;
• Step 3: Connect your Deutsche Bank account or payment card (debit or credit card) to eToro from within the funding section. Then initiate the transaction;
• Step 4: Navigate to eToro’s asset marketplace, locate the crypto you want to buy, and purchase it.

Disclaimer: Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

About Deutsche Bank AG

Deutsche Bank AG is a multinational financial services and investment banking institution based in Frankfurt, Germany. With its history dating back to March 1969, it is among the oldest banks in Europe. According to Q3 2023 figures, Deutsche Bank is currently working with an asset base of €1.485 trillion and employs more than 82,000 people.

Deutsche Bank banking services are divided into four business units:

• Private banking: Offers wealth management, savings and current accounts, mortgages, loans, and payment cards services;
• Corporate banking: Offers customized solutions, such as transactional banking, trade financing, lending, and foreign exchange (Forex) to corporates, SMEs, governments, and asset managers;
• Investment banking: Helps customers in raising business capital, conducting mergers and acquisitions, issuance of debt and equity, market making and trading, etc.;
• Asset management: Through the DWS unit, Deutsche bank helps its clients to better manage their private and corporate asset portfolio, which includes equities, bonds, funds, and alternative assets, among others.

Deutsche Bank crypto policy

Deutsche Bank crypto users can freely transfer funds to regulated crypto exchanges and online brokers that sell cryptocurrencies to buy digital currencies. Deutsche Bank is a crypto-friendly bank actively working on projects that aim to make it easy to adopt digital assets.

For instance, Deutsche Bank’s tweet from the 25th of March 2022 mentions stablecoins as a viable alternative to fiat currency. Hence, Deutsche Bank’s crypto policy supports the development of the crypto space and decentralized finance. You can read the entire Deutsche Bank report on crypto, “The Future of Payments: Digital Currencies,” on their website.

For example, in 2020, the bank also revealed that it was working on a prototype for a crypto custody platform for institutional investors.

Deutsche Bank crypto custody platform

In December 2020, a report by the World Economic Forum was published, in which Deutsche Bank outlined the four phases of its planned crypto custody platform. The first phase would see the company launch the institutional custody feature, which would be followed by a tax accounting product and staking. In the final phase, the Deutsche bank would launch a trading and token issuance service.

How to buy crypto safely

There are three steps to master to effectively invest in crypto safely. They are:

1. Investing in the right kind of knowledge;
2. Choose which crypto to buy;
3. Making the purchase.

Step 1: Invest in knowledge

Familiarize yourself with the different types of digital assets that currently exist, such as coins, non-fungible tokens (NFTs), wrapped tokens, and DeFi coins, among others. Try to understand the entire process of buying cryptocurrency safely so as to avoid some of the more common crypto investing mistakes.

Step 2: Choose what to buy

Once you feel comfortable with the level of knowledge you have acquired, it is time to make your investment. Choose what to buy depending on your investing goals.

Step 3: Make the purchase

Then, finally, identify which platform will enable you to invest. Choose the best cryptocurrency exchange that will suit your needs based on the crypto you want to buy, and your preferred payment method 

Try to opt for a platform that is trusted, regulated, and licensed to operate in your local area. Using such a platform is crucial to help you avoid common crypto investment pitfalls such as falling for rug pulls and other kinds of scams.

If you follow the three-step process outlined here, you will increase your chances of making a safe crypto investment.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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