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How to Buy Crypto with Deutsche Bank in United Kingdom

Last updated on November 12, 2023

Quick Summary: While Deutsche Bank does not offer cryptocurrency trading through its own platform, you can make use of your account to purchase crypto through a third-party exchange.

There are a lot of United Kingdom cryptocurrency exchanges to pick from, but we suggest using the eToro exchange.

They offer the majority of most well-known cryptocurrencies and are simple to use. They have lots of advanced features but are also great for beginners.

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Deutsche Bank Homepage

As mentioned in my quick summary, like most United Kingdom banks, Deutsche Bank doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a cryptocurrency exchange and comes with regulations and extra work for the banks.

Thankfully there are many crypto trading platforms to pick from that allow you to buy Bitcoin and other cryptocurrencies.

Next you’ll want to sign up to an exchange (for this short guide I’ll use eToro as it’s a global and widely used exchange) and deposit funds so you can start trading crypto.

How to buy crypto or bitcoin with Deutsche Bank

Let’s get started! Just follow our 4 quick steps.

1. Pick a crypto exchange

As mentioned above, I’ll be using eToro for this guide as they are a widely used exchange and have a huge range of cryptocurrencies to choose from. It’s also one of the best exchanges for beginners and allows more advanced features when you get more comfortable with trading.

The steps in this guide should be similar for most trusted crypto exchanges, so feel free to use whichever you end up going with.

Let’s get started!

2. Create account with the trading platform

You’ll first need to create an account if you haven’t already, you can do using this quick link below.

Sign Up With eToro

Once you’ve filled out the basic information you’ll be asked for KYC (Know Your Customer) information, this is normal for crypto exchanges to stop any bad activity. This will often be called the “verification” process.

3. Fund your account

Next, you’ll need to add funds to your account using any of their deposit methods. For eToro there are many options such as bank transfer, PayPal, credit/debit card, and many more.

4. Buy crypto

Lastly, you’ll need to go to the “trade” section, this will differ for each exchange but it will usually have some variation of this.

It’s that easy! You’ve now got the tools to buy your first cryptocurrency with Deutsche Bank.

Buy Crypto With eToro

About Deutsche Bank

Deutsche Bank AG often called simply Deutsche, is an German multinational financial services and investment banking company with its headquarters at Frankfurt, Germany, and it is dual-listed on the Frankfurt Stock Exchange as well as the New York Stock Exchange.

It was founded in 1870 and grew through multiple acquisitions, including Disconto-Gesellschaft in 1929 (as a consequence of which it was known from 1929 to 1937 as Deutsche Bank und Disconto-Gesellschaft or “DeDi-Bank”), : 580 Bankers Trust in 1998, and Deutsche Postbank in 2010.

In 2018 the network of the bank was spread across the globe in 58 countries and had a substantial presence in Europe as well as the Americas as well as Asia. In 2021 Deutsche Bank was the 21st largest banking institution in the world, in terms of total assets, and 93rd in terms of market capitalization.

It is a component of the DAX stock market index, and often referred to as the largest German banking institution even though the Sparkassen-Finanzgruppe comes well ahead in terms of combined assets. Deutsche Bank has been designated as a major global important bank for systemic stability through the Financial Stability Board since 2011.

Deutsche Bank is a universal bank that has four branches: Investment Bank, Corporate Bank, Private Bank and Asset Management (DWS). The investment banking services of the bank typically generate substantial deal flow.