How to buy crypto at Erste Group Bank?
Are you thinking about investing in crypto with Erste Group Bank? In this article, you will learn how to invest in Bitcoins, Ethereum and other crypto with Erste Group bank!
How to buy crypto at Erste Group Bank?
Step 1: open an account with a crypto exchange
At the time of writing, it is not possible to buy crypto such as Bitcoin and Ethereum directly from Erste Group Bank. However, by opening an account with a crypto exchange, you can trade the most popular cryptocurrencies without any problems:
| Brokers | Information | Register |
|---|---|---|
 | Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with Erste Group Bank after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. |
By comparing different providers, you will immediately discover which way of investing suits you better. Some people enjoy speculating on crypto price movements, while others prefer to invest for the long term.
Step 2: verify your account
After you have opened an account, you need to go through a few more steps to activate your account. Often, you have to answer some questions about your trading experience and upload a copy of your passport.
After your account is verified, you can deposit money directly from your Erste Group Bank account. When you deposit money in the currency used by the crypto exchange, this typically happens fastest. In some cases, it can take up to a few days for the money to actually appear in your account.
Step 3: buy crypto with Erste Group Bank
You now have everything you need to buy crypto with your account at Erste Group Bank! Navigate to the crypto you are interested in and press the buy button.
Within the order screen, you can then enter the amount you want to buy Bitcoins for. Many cryptocurrencies can be divided into smaller units, allowing you to invest even with a small amount. You then only need to press the buy button to send the order directly to the crypto exchange.
When will you sell your crypto?
Many people who invest in Bitcoin with their Erste Group Bank account ask me when they should sell their crypto again. This depends a lot on your experience; some investors do day trading, while others hold the crypto for as long as possible.
It is therefore important to draw up a plan; that way, you can quickly make the right investment decisions without your emotions influencing your decisions. After you sell crypto, you can have the funds deposited directly into your Erste Group Bank account.
About Erste Group Bank
Erste Group Bank is an Austrian bank operating mainly in Eastern Europe. With more than 15 million customers spread across more than 2,500 branches in seven countries, the bank is a major player. The bank has grown strongly in the Czech Republic, Slovakia, Hungary, Croatia, Serbia, and Romania.
Some people are wondering about Erste Group Bank’s stance on crypto. Recently, the bank started offering wealthy customers products that allow them to speculate on the price of Bitcoin.
Can you buy Bitcoin at Erste Group Bank?
With a clever workaround, you can buy Bitcoins, Ethereum and other crypto without any problems with your Erste Group Bank account. In fact, you can link your bank account to a crypto exchange without any issues. The Austrian bank is not anti-crypto and therefore sees no problem in offering you the opportunity to invest in Bitcoins.
