Bayerische Landesbank is a German-based bank that allows its clients’ to buy crypto on integrated trading platforms via wire transfer.
This article provides a detailed guide on how to buy crypto with a Bayerische Landesbank using SEPA transfer or Giropay on two trusted exchanges: Bitget and Bitvavo.
We will guide you through your SEPA transfer each step of the way with screenshots.
Can I Buy Cryptocurrency with Bayerische Landesbank?
Yes, you can purchase cryptocurrency with your Bayerische Landesbank account (but not directly). Crypto platforms, like Bitget and Bitvavo, allow you to send funds from your BayernLB bank account to a crypto trading platform.
These exchanges offer a wide variety of payment methods for depositing funds such as credit/debit cards, Paypal, iDeal, and so on. In this guide, we’ll be showing you how to deposit euros from your Bayerische Landesbank using SEPA transfer.
How to Buy Crypto with Bayrishce Landesbank using SEPA Transfer on Bitget
Bitget is a leading crypto exchange for over 590+ cryptocurrencies, including Bitcoin, Ethereum, and Solana. On this platform, you can buy, sell, swap, and store different cryptos. Bitget offers futures, spot, and Bitcoin copy-trading features for crypto users at low fees. Follow these simple steps to buy cryptos on Bitget:
Step 1: Create an Account & Verify your Identity
To trade on this exchange, you must register with the platform and reveal your identity in compliance with KYC regulations. Signing up on the Bitget is a breeze. Visit the official website and click on the “Sign Up” button on the right side of the header.
Enter your email, create a password, and click the “Create Account” button. Go to your email and click Bitget’s confirmation link to verify your email. After setting up your account, you still have to provide a government-issued document to make deposits. Take a clear photo of your Driver’s license, Passport, or National ID card and upload it to the platform in the KYC section.
Step 2: Choose the SEPA Payment Method
At Bitget’s home dashboard, select “Buy Crypto” at the left side of the header. Switch the currency option to “EUR” and “Bank Deposit” will appear on the drop-down menu.
Select it to go to the payment page. On the left side of the page select “SEPA” as your preferred payment method and click “Next.”
Step 3: Fill in the Order Details
Enter the amount of Euros you wish to transfer. Bitget provides the account details for receiving funds from your Bayerische Landesbank account. Copy the information.
Step 4: Send Money to Bitget from your Bayerische Landesbank Bank Account
Go to your bank app and transfer the funds to the payee details displayed to load your Bitget wallet with Euros. After sending the money, return to Bitget and click “Completed.” Select “OK” in the pop-up window to confirm the transfer.
How to Buy Crypto with Bayrishce Landesbank using SEPA Transfer on Bitvavo
Bitvavo is another trusted trading platform that allows users to exchange crypto for euros and trade 200+ cryptocurrencies. This top-tier exchange focuses on providing robust trading features over an easy-to-use online platform. Bitvavo has built a reputation in the crypto community for its unmatched reliability, low trading fees, high transaction speed, and diverse range of payment methods including Giropay and SEPA transfer.
This guide shows a step-by-step for buying Crypto on Bitvavo using a BayernLB bank:
1. Register on Bitvavo and Disclose Your Identity: Get started by opening an account with Bitvavo. To register on the exchange, you have to provide the following information: your name, address, and email. To protect your account, you have to create a password. After verifying your email and returning to the platform, you’ll be prompted to verify your Identity by uploading a government-issued document.
2. Choose the SEPA Payment Method: After Bitvavo approves the submitted documents, you’ll have access to Bitvavo’s deposit option such as SEPA transfer and Giropay. Return to the homepage by clicking the logo icon on the top-left of the screen. Scroll down till you see the “Deposit” button and click it. Approve the pop-up window asking for your bank account verification. You only have to do this the first time. Choose SEPA or Giropay as your preferred mode of payment.
3. Fill in Your Order: Enter the amount of Euros you wish to deposit. The platform displays the receiving account number, name, and the description you should use for the transfer.
4. Transfer the Funds: Open your Bayrische Landesbank app and send the exact amount to Bitvavo. After completing the transaction, head back to the exchange to confirm the transaction. Your Euro balance will be updated accordingly.
About Bayerische Landesbank
Commonly shortened as BayernLB, Bayerische Landesbank is a commercial state-owned bank part of the Landesbanken bank group. BayernLB focuses on serving both medium and large-scale businesses with corporate and real estate solutions. They offer services such as international transfers via SWIFT and SEPA. BayernLB provides its 5.4 million customers with financial products through its bank branches and online banking services.
Conclusion
Bitvavo and Bitget are great options for users who want a secure and cheap exchange for buying cryptocurrency. Both exchanges offer competitive transaction fees for futures and spot trading. As a bonus, you pay zero transaction fees whenever you deposit funds using SEPA, just like any domestic wire transfer.
