How to buy crypto (Bitcoin) from DNB Bank?
Are you wondering how to buy crypto with your bank account at DNB ASA? In this short guide, you will learn how to buy Bitcoin & other crypto with your bank account at DNB Bank.
How to buy crypto with DNB Bank?
Step 1: open an account with a crypto exchange
With a crypto exchange, you can buy and sell Bitcoin & other crypto. You will need a crypto exchange account, as it is not possible to buy Bitcoin yourself at DNB Bank. Open an account with one of the crypto exchanges below & start trading:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with DNB bank after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.|
Opening an account is often done in no time: you just need to fill in your e-mail and password.
Step 2: deposit money with DNB Bank
Before you can invest in crypto, you must first verify your account. You verify your account by uploading a copy of your passport/identity along with proof of your address. Processing your documents can sometimes take several working days.
After your account is fully verified, you can deposit money directly from your DNB Bank account. It is wise to only deposit money you really need; after all, when FTX went bankrupt, many users lost all their funds. By choosing a reliable crypto exchange, you reduce the chances of losing money in a possible bankruptcy.
Step 3: buy crypto with DNB Bank
Next, select the crypto you want to buy from DNB Bank. You can pick Bitcoin, as well as hundreds of altcoins. An altcoin is any crypto apart from Bitcoin.
Within the order screen, you then enter the amount you would like to invest. You can already invest with small amounts on most exchanges, making crypto investments accessible to everyone. Press the buy button to send the order to the crypto exchange.
When there is a lot of trading going on, it can sometimes take several minutes before the order is fully executed. With a limit order, you avoid paying too high a price for your crypto investment.
What is DNB Bank’s stance on crypto?
DNB Bank has a fairly open policy towards crypto. The bank has opened up the popular Vipps, used for payments, to crypto transactions.
DNB Bank does not block customer transactions: as a user, you can buy and sell crypto without any problems. However, it is wise to choose a reliable crypto exchange. Banks can flag suspicious transactions and temporarily block your bank account to prevent money laundering.
About DNB Bank
You can find DNB Bank’s headquarters in Oslo, the country’s capital. The bank’s main shareholders are the Norwegian Ministry of Trade and Industry and Sparebankstifletsen DnB NOR. With more than 11,000 employees and NOK 3.6 trillion in assets, the bank is the country’s largest.
You can trade DNB Bank shares on the stock exchange under the ticker OSE : DNB. The bank also operates internationally and has branches in Finland, Germany, Denmark, America, Brazil and Singapore, among others. In some countries, the bank used to operate under the name DnB NORD, but it has recently started using the name DNB Bank everywhere.
Can you buy Bitcoin from DNB Bank?
Unfortunately, you cannot buy Bitcoin & other crypto at DNB Bank. However, the bank has a positive attitude towards crypto and therefore does not block customer transactions. By linking your bank account to a reliable crypto exchange, you can invest in Bitcoin and more without any problems. However, always keep the risks in mind to avoid a big loss.
Over Alex Mostert
Already in 2015 I bought my first Bitcoins for roughly $300, only to sell them shortly after for $900. At the time I thought I benefited from the deal of the century, but I, of course, had no idea Bitcoin would become as popular as it is today. On this website, I want to teach everybody how to buy Bitcoin through their bank.