How to Buy Crypto with DZ Bank
Summary: While DZ Bank doesn’t offer crypto trading on its own platform, you can easily use your account to buy crypto using a third-party crypto exchange.
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, DZ Bank doesn’t offer cryptocurrency trading directly, as setting up a crypto exchange is quite complex and comes with regulations and extra requirements for the banks.
There are many crypto trading platforms that you can use for buying bitcoin and other cryptocurrencies.
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 DZ Bank
There are only 4 steps involved, let’s get started!
1. Choose a crypto exchange
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 DZ Bank.
About DZ Bank
DZ Bank AG, Germany's second-largest bank by assets, is also the central institution for approximately 800 cooperative banks and 8,500 branch offices. DZ Bank is a central bank and a corporate and investment banking institution within the Volksbanken Raiffeisenbanken Cooperative, Germany's largest private financial service network.
DZ Bank is an acronym for Deutsche Zentral-Genossenschaftsbank (literally "German Central Cooperative Bank").
The DZ Bank Group is a holding that provides services to local cooperative banks and their clients of 30 million. DVB Bank is a transportation bank. Bausparkasse Schwabisch Hall is a building society. DZ HYP provides commercial real estate financing. DZ Privatbank Gruppe, R+V Versicherung and TeamBank are insurance companies. Union Investment Group manages assets. VR Leasing is another specialty institution.
DZ Bank is based in Frankfurt, Germany. It is a member CIBP, EACB and the Euro Banking Association. It has branches, subsidiaries, and representative offices located in major financial centers and economic areas around the world. Frank Gehry designed the DZ Bank Berlin building at Pariser Platz 3.
DZ Bank also houses one of the largest collections of contemporary artistic photography, which currently includes over 6,000 works by more that 550 artists.
DZ Bank merged with WGZ Bank in 2016, the central institution of cooperative banks from the Rheinland (Rhineland), and Westfalen (Westphalia) regions. DZ Bank is a shareholder in Canadian oil and gas company TC Energy. This is the bank behind controversial Coastal GasLink Pipeline, which will be constructed on unceded territory of the Wet'suwet'en Nation in Northern British Columbia. DZ Bank increased its stake in TC Energy on 31 March 2020, from 1.22M to 4.27M shares. This is an increase of 250%.