Buying bitcoin & other crypto at VUB – 3 steps
Do you want to buy Bitcoin with your bank account at VUB? By following the 3 clear steps within this guide, you can buy crypto with your bank account at Všeobecná úverová banka.
How to buy crypto at VUB?
Step 1: open an account with a crypto exchange
A crypto exchange allows you to trade cryptocurrencies such as Bitcoin. With many crypto exchanges, you can try out the possibilities completely free and risk-free with a demo. Open an account with a reliable crypto exchange immediately to start trading:
|Trade in Bitcoin & other cryptos! Try for free with a demo & deposit money with VUB after. eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.|
Step 2: deposit money with your bank account at VUB
Before you can start trading, you need to deposit money into your account. You can deposit money directly into your crypto account using your bank account with VUB. Bear in mind that it can sometimes take several working days for the money to arrive in your account. Furthermore, the crypto exchange may charge extra fees for carrying out foreign transactions.
You can only deposit money after your account is 100% verified. You verify your account by:
- Uploading a proof of address
- Uploading a copy of your passport
- Filling in some questionnaires
Step 3: buy crypto with VUB
You now have everything you need to buy your first crypto at VUB. Within the trading platform, navigate to the crypto you want to buy and enter the amount you would like to invest. Keep in mind that it may take a few seconds to minutes before the order is executed.
After you placed an order, you can actively monitor the order. Do you think the crypto investment no longer suits you? In that case, you can immediately close the crypto position and transfer the money back to your bank account at VUB.
What is VUB’s stance on crypto?
Všeobecná úverová banka does not have a stated crypto policy, but does not seem to block crypto transactions. You can therefore transfer money from your bank account at VUB to the crypto exchange you want to use without any problems.
Some safety tips
- Use a strong password to secure your crypto account
- Apply 2FA to keep out hackers
- Only invest in crypto when you understand the technology
- Invest with money you can afford to lose
Všeobecná úverová banka is also popularly known as VUB or ‘The Bank‘. VUB is almost entirely owned by Italy’s Intese Sanpaolo. The bank is one of the largest in Slovakia and has over 240 branches across the country. VUB also operates in the Czech Republic.
VUB also has several subsidiaries. For instance, VUN Generali deals with pensions and VUB leasing helps with the leasing of various products. With more than 11 billion in assets, VUB is a stable player in its home market.
Can you buy Bitcoin at VUB?
It is possible to buy Bitcoin with your bank account, but you will need a workaround. You buy crypto with your bank account at VUB by linking it to a reliable crypto exchange. Take enough precautions to protect your crypto funds afterwards. This prevents you from losing your investment when the crypto exchange unexpectedly goes bankrupt.
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.