Can you buy crypto at Nykredit? Bitcoin tutorial
Nynkredit does not offer Bitcoin at the time of writing. In this guide, you will learn how you can still buy crypto with your bank account at Nynkredit.
How to buy crypto with Nykredit?
Step 1: open an account with a crypto exchange
You need an account with a crypto exchange to buy Bitcoin & other crypto at Nynkredit. In the overview below, you can immediately see which exchanges you can use:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with Nykredit after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.|
It can be interesting to compare different crypto exchanges. That way, you will discover which exchange suits you best.
Step 2: deposit money with Nykredit
Before you can deposit money using your Nynkredit bank account, you must first verify your crypto account. You verify your account by completing the following steps:
- Upload a copy of your passport
- Upload proof of your address
- Answer the questions about your financial situation
- Answer the questions about your investment experience
After your account has been approved, you can immediately transfer money from your Nynkredit bank account to your crypto exchange account. It may take several working days for the money to arrive in your crypto account, but this mainly depends on the crypto exchange.
Step 3: buy crypto with Nykredit
Selecting the best crypto to buy can be tricky: there are thousands of options! Bitcoin & Ethereum are by far the most popular, but this does not take away from the fact that there are other successful cryptocurrencies. For instance, I know someone who suddenly became a millionaire with a small investment in Safemoon. Beware though; these kinds of altcoins often also drop in value considerably, which can cause investors to lose their entire deposit.
When you are sure which crypto you want to buy, you can select it within the crypto exchange. Enter the amount you would like to invest and press the buy button. The order will then be sent to the crypto exchange, and it may take a few seconds to minutes to complete.
Don’t forget to evaluate your crypto investment regularly. Does the crypto investment still suit you? If not, you can sell the crypto and transfer the money back to your Nynkredit bank account.
What is Nykredit’s crypto policy?
Nynkredit does not have a stated crypto policy, but it doesn’t seem to have any problems with crypto investments. You can therefore transfer money to a reliable crypto exchange without any issues. Just keep in mind that banks sometimes stop suspicious transactions to ask for further verification. This can also happen when you transfer money to a crypto exchange.
Nynkredit has been around since 1851 and is still one of the largest financial companies in Denmark. In addition to retail banking, the bank offers mortgages, leasing, insurance and asset management.
Nynkredit also operates under other brand names:
- Totalkrediet A/S
- Nynkredit Bank A/S
- Nynkredit Maegler A/S
- Nynkredit Ejendomme A/S
The bank’s headquarters are in Copenhagen, which is the capital of Denmark. With 3,500 employees, Nynkredit is a large bank by Danish standards.
Can you buy Bitcoin from Nykredit?
You can’t buy Bitcoin & other crypto at Nynkredit. However, by linking your bank account to a crypto exchange, you can still invest in crypto without any problems. Follow the 3 steps in this article to make your first crypto investment!
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.