How to buy Bitcoin & other crypto at Citadele Banka?
If you want to buy Bitcoin & other crypto with your bank account at Citadele Banka, you’ve come to the right place. In this short guide, I will explain how you can invest directly in crypto using your bank account at Citadele Banka.
How to buy crypto at Citadele?
Step 1: open an account with a crypto exchange
It is not yet possible to buy Bitcoin directly from Citadele. However, by linking your bank account to a crypto exchange, you can invest in crypto without any problems. In the overview below, you can immediately see which crypto exchanges you can join:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with Citadele banka after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.|
Step 2: verify your account & deposit money
Before you can invest in crypto, you must first deposit money into your bank account at Citadele. Most crypto exchanges will require you to verify your account before this is possible. Upload a copy of your passport & proof of your address to verify your account. You can then deposit money directly from your Citadele account into your crypto account.
Step 3: buy crypto with Citadele
Next, select the crypto you want to buy within Citadele’s trading platform. From experience, I know it can be difficult to choose: there are hundreds of altcoins, and it is not always clear what the developers’ future plans are. Most novice investors therefore decide to buy Bitcoin.
Within the order screen, you can then enter the amount you want to invest. Optionally, you can apply a stop loss or take profit: this way, you automatically take your losses or profits at a certain amount.
What is Citadele’s stance on crypto?
Citadele has no anti-crypto policy: you can therefore invest in Bitcoin, Ethereum and other crypto without any problems at Citadele. However, it is advisable to pay attention to fees: some crypto exchanges charge extra fees for exchanging foreign currencies.
AS Citadela Banka is a Latvia-based bank that also operates in Lithuania and Lithuania. The bank offers various financial services and is a locally large player with 1,500 employees. The bank manages just over €2 billion and is largely owned by 12 investors.
Can you buy Bitcoin at Citadele?
It is possible to buy Bitcoin & other crypto at Citadele, but with a little workaround. Namely, you need to link your bank account to a reliable crypto exchange. Once you succeed, you can invest in crypto using your Citadele bank account without any issues.