How to Buy Crypto with Deutsche Bank
Author: Marco Vela - Fact-checked ✓
Summary: While Deutsche Bank doesn’t offer crypto trading on its own platform, you can easily use your account to buy crypto using a third-party cryptocurrency trading platform.
There are plenty of crypto exchanges to choose from, we recommend using eToro as the exchange to work with.
They have most of the popular cryptocurrencies available, are easy to work with, and have fantastic support!
Buy Crypto with eToro
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As mentioned above, just like most banks, Deutsche Bank doesn’t offer cryptocurrency trading directly, as setting up a cryptocurrency exchange is quite complex and comes with regulations and extra requirements for the banks.
Luckily for us, there are plenty of crypto trading platforms to choose from that you can use to buy bitcoin or any other cryptocurrency you might want.
Once signed up to an exchange (we’ll be using eToro for our example as it’s a widely trusted and global exchange), you can simply transfer funds from your bank account to the exchange, and trade it for crypto.
Table of Contents
How to buy crypto or bitcoin with Deutsche Bank
There are only 4 steps involved, let’s get started!
1. Choose a crypto trading platform
As mentioned above, we’ll be using eToro for this guide as they are a widely used exchange and have over 50 cryptocurrencies to choose from. They also have a few really neat features like “Copy Trading”, which enables users to copy the trades of popular investors on the platform.
You can, of course, use any trusted crypto exchange for this, the steps will be very similar for most exchanges.
Let’s get started!
2. Sign up with the trading platform
The first thing to do is to sign up with the platform.
Once you’ve completed the initial sign up process, you’ll have to go through a quick verification process (also known as KYC).
3. Funding your account
Next up is funding your account. When it comes to depositing money to your eToro account, you have the option to use a bank transfer, PayPal, credit/debit card, and more.
4. Buy cryptocurrency
Finally, just go to the eToro Markets section, find the cryptocurrency you would like, and buy it.
And that’s it, it’s all pretty straightforward, now you know how to buy bitcoin or most other cryptocurrencies with Deutsche Bank.
About Deutsche Bank
Deutsche Bank AG, a German multinational investment bank, is located in Frankfurt, Germany. It is dual-listed on both the Frankfurt Stock Exchange as well as the New York Stock Exchange.
Deutsche Bank's network covers 58 countries, with a strong presence in Asia, Europe, and the Americas. [4] Deutsche Bank was 21st in total assets worldwide and 63rd by market capitalization as of 2020. It is a part of the DAX stock index as the largest German bank institution. The Financial Stability Board considers it a bank of systemic importance.
The bank is a universal bank that has four divisions: Investment Bank (Corporate Bank), Private Bank, Investment Bank and Asset Management (DWS). Its investment banking operations are often a source of substantial deal flow.
According to The New Yorker Deutsche Bank has had a long-standing reputation as an "abject" bank because of its involvement in major scandals in different areas.
Deutsche Bank was established in Berlin in 1870 to finance foreign trade and promote German exports. The bank's business model was to provide finance to industrial customers and played an important role in the development of Germany's economy. On 22 January 1870, the bank's statute was approved. The Prussian government gave it a banking license on 10 March 1870.
Georg Siemens, whose cousin founded Siemens and Halske, Adelbert Delbruck and Ludwig Bamberger were three of the founders. Before the foundation of Deutsche Bank, German exporters and importers depended on British and French banks in the world market. This was a serious handicap because German bills were generally not accepted in international commerce and were subject to a lower rate of discount than English and French bills.
In Bremen and Hamburg, the bank opened its first domestic branch in 1871. The bank's first overseas offices were opened in Shanghai, 1872, and London in 1873. South American offices followed in 1874 and 1886. After one failed attempt at opening a branch in London, it was necessary to establish credit for German trade in the then world's money center.
The Northern Pacific Railroad in the USA and the Baghdad Railway (1888) were two of the major projects that the bank was involved in in its early years. The bank in Germany was instrumental in financing bond offerings by steel company Krupp (1879), and introduced Bayer chemical company to the Berlin stock exchange.
Deutsche Bank began a new period for expansion in the second half of 1890s. Deutsche Bank formed alliances and gained access to the main industrial areas of Germany through large regional banks. The concentration in the German banking sector was reflected in joint ventures. Deutsche Bank was not able to establish domestic branches. The Frankfurt branch dates back to 1886, the Munich branch in 1892, and further branches in Dresden and Leipzig were established in 1901.
The bank also quickly recognized the importance of specialist institutions to promote foreign business. Although gentle pressure was applied by the Foreign Ministry to establish Deutsche Ueberseeische Bank and take a stake in the newly founded Deutsch-Asiatische Bank, the success of these companies proved that they were financially viable.
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author Marco Vela
A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.