Exchanges supporting bank transfers are providing reliable and convenient means for folks to buy cryptocurrencies with traditional payment systems such as bank transfer, credit/debit cards, and Discover.
In this guide, we’ll walk you through the steps for purchasing crypto using DZ banks on two exchanges – Bitvavo and Bitget.
Can You Buy Cryptos With DZ Bank?
If you’re a DZ Bank user looking to make crypto purchases, you can leverage exchanges that support bank transfers using SEPA.
How to Purchase Cryptos with DZ Bank on Bitvavo.
Step 1: Create a Bitvavo Account
Go to the exchange’s official Bitvavo website and click the signup button. Fill in your name, email, and country of residence. Agree to the platform’s terms and conditions and click “Create Account.”
Step 2: Verify your Identity
Render a valid government-issued document and do a recording of yourself for identification.
Step 3: Deposit funds from DZ Bank
After Bitvavo reviews and verifies your identity, you can start depositing funds into the platform’s in-built wallet. Click the “Deposit” button on the dashboard and select SEPA as your means of payment.
Enter the amount you wish to deposit and click “Continue.” Note that you can’t deposit less than one Euro. Bitvavo gives you transfer details which you have to transfer the fiat to from your DZ bank account.
Open your DZ online banking app and quickly make the payment from an account bearing your name with the payee transfer details given by Bitvavo. Return back to Bitvavo to confirm the payment and the funds will be added to your wallet balance.
Step 4: Purchase Cryptocurrencies
Now, you can trade your EUR funds for any cryptocurrency you wish. You can exchange your Euros for any of the 195 cryptocurrencies available on BitVavo.
How to Purchase Cryptos with DZ Bank on Bitget
If you are interested in buying cryptocurrencies with a different cryptocurrency exchange, Bitget is another safe and reliable platform to use. It has an affordable transaction fee and user-friendly features. Purchasing cryptocurrencies with DZ Bank on Bitget can be done through SEPA. Here’s how to go about it :
Step 1: Create a Bitget Account & Verify Your Identity
Submit your email and password in the sign-up form to register on Bitget Exchange. Complete the verification process by providing your information and uploading a copy of your ID.
Step 2: Set Up Your Account for SEPA Bank Transfer
Click “Buy Crypto” on the home menu and select third-party.
Enter the amount you want to deposit. USD and USDT will be pre-selected as the fiat currency and cryptocurrency to be received. Change USD to EUR. Leave the receive option on USDT or change it to the cryptocurrency of your choice. Agree to the terms and conditions and click “Next.”
Step 3: Transfer Funds from DZ Bank
Bitget will provide the transfer details for receiving the deposit. Transfer the agreed-upon amount of EUR to the provided Bitget bank account bank details. Once you do the transfer, confirm the payment and the crypto will be added to your Bitget wallet balance.
About DZ Bank
DZ Bank is a financial institution that has served as the central bank for more than 800 cooperative banks in Germany. DZ BANK supports international businesses with solutions for import and export business both at home and abroad. They also offer financial services such as retail Banking, Insurance, Corporate banking, Investment banking, Investment management, Private banking, Estate planning, and Crypto purchases.
Final Thoughts
DZ Bank is committed to providing its customers with the best possible service. DZ Bank is regulated by the German Federal Financial Supervisory Authority (BaFin) and supports fast and secure crypto purchases with reliable platforms such as Bitget and Bitvavo. These platforms offer different friendly features, such as easy-to-use interfaces, competitive rates, and 24/7 customer support.
