2022-5-3 20:26 |
Bitcoin is slowly becoming the most popular store of value. From retail to institutions, everyone is boarding the ship. But unfortunately, buying Bitcoin is still more tedious than it should be. High fees, slow transactions, and non-compatibility with crypto exchanges. These are just some issues with using digital payment providers to buy Bitcoin.
Fortunately, this is slowly changing. Banks and digital payments providers are becoming increasingly Bitcoin-friendly. So today, we’ll be looking at an institution leading this change in mentality, n26, and its collaboration with Transferwise. So just how does it work? Let’s jump right in and find out!
What Is N26?N26 is a German online bank, in the forefront, that offers many financial products including integrability with Wise.
Some N26 main features are:
Free ATM withdrawals anywhere: N26 premium accounts allow for ATM withdrawals all around the world. All at the exchange rate and with zero fees. Free international money transfers: Send as many money transfers as you wish, to anybody and for free. The N26 app: Their app allows clients to toggle online payments and spending limits, reset their PIN, pay online transactions, receive notifications, and a lot more. How to Buy Bitcoin with N261. Register with N26
You can skip this step if you already have an N26 account.
The first step is, of course, to open an N26 account. Next, you will have to provide your email, personal details, and address. Once done, N26 will ask to verify your identity by sending them photos of your identity card or another identification document. The last step will be to connect your phone number with your account.
2. Choose a Bitcoin Platform
N26 has teamed up with Wise to provide digital payment options, including the purchase of Bitcoin. The service is seamlessly integrated, so there is no need to create a Wise account.
Also, since you can process and receive SEPA transfers with your account, any merchant that accepts SEPA (or MasterCard) will work with N26 debit card.
Where can I buy Bitcoin with N26? BinanceBinance is one of the best and most used crypto exchanges. It is ideal for experienced traders but even Rockies who are looking to get into the crypto game.
The platform has over 166 cryptocurrencies available, both small and big caps. They also have a wide array of trading tools and exchange pairs available.
Binance users can deposit over 50 FiAT currencies such as USD, EUR, JPY, KRW, GBP, AUD, RUB, and many more.
Users can deposit EUR via SEPA bank transfer using N26.
Pros Among the most trustworthy crypto exchangesHigh volume exchangeVery low feesA wide array of crypto pairs Cons Not regulatedVisit Binance Now
BitPandaFounded in October 2014, BitPanda is an Austrian start-Up company that allows you to buy Bitcoins or Ethereum with a credit card as well as with wire transfers, SEPA, Skrill, Neteller, and more. Users can deposit EUR via SEPA bank transfer using N26.
BitPanda has very low fees, but only residents of Europe can use this site.
It’s important to note that the fees aren’t shown openly on the site but displayed in your buy price when completing your purchase.
Find out more about Bitpanda fees and features in this review we wrote.
Pros Relatively low feesMultiple payment optionsReliable and trusted company Cons Fees are not displayed but instead included in the buying priceAvailable to European countries onlyVisit Bitpanda Now
KrakenKraken began its operations in 2011 and has grown to become one of the largest cryptocurrency exchanges in the United States and worldwide. It is US-based and offers cryptocurrency services to fiat trading. Similarly to other exchanges on this list, Kraken offers SEPA transfers as one of their payment methods and owners of N26 cards can deposit money on Kraken this way.
Like other leading cryptocurrency platforms, you can trade various digital currencies besides bitcoin, such as Ethereum, Monero, ICONOMI, Ripple, and Litecoin. Experienced cryptocurrency investors can also user other advanced features such as margin trading, staking etc.
Visit Kraken Now
Cex.ioCEX.IO is one of the oldest surviving Bitcoin exchanges. The company formed way back in 2013 and has over 3 million members. CEX has a mixed reputation in the cryptocurrency space; negative reviews focus on customer support rather than the actual platform.
Payment OptionsCEX allows users to take advantage of a variety of payment methods; these include:
Visa Mastercard Epay Advcash Skrill Bank transfer Ach Sepa Faster payments QiwiCEX allows for trading of the most popular cryptocurrencies; however, they lack a diverse range of alt-coins and only support a handful of the lesser-known tokens.
Pros Low fees Lots of payment options Good security Cons Lacking in different cryptocurrenciesNot the best customer support KYC requiredVisit Cex.io Now
PaxfulUsers can list Bitcoin trades at a specific price that is not bound to market fluctuation on the platform.
Pros Top-notch SecurityA lot of payment methodsSimple user interface (UI)Wide variety of sellers Cons Sometimes fees are very highIf you’re not careful, you risk getting scammedVisit Paxful Now
LocalBitcoinsLocalBitcoins is another P2P bitcoin trading platform that lists offers of buyers of sellers.
Like Paxful, on LocalBitcoins, vendors can create offers in all currencies and enjoy the benefits of a P2P exchange.
Pros Available all around the worldA diverse selection of buyers and sellersHas many payment methodsBuyers receive bitcoins fastAll transactions are private Cons There isn’t much diversity as only Bitcoin is offered.Both sellers and buyers have a chance of being scammed.Visit Localbitcoins Now
Currencies Supported For Sending And Receiving MoneyAED, AUD, BGN, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, HRK, HUF, INR, JPY, MYR, NOK, NZD, PLN, RON, TRY, SEK, SGD, USD
Countries You Can Send Money To With N26N26 customers can send and receive money to bank accounts in the following countries: Argentina, Australia, Bangladesh, Benin, Brazil, Bulgaria, Burkina Faso, Canada, Chile, China, Colombia, Croatia, Czech Republic, Denmark, Egypt, Europe, Georgia, Ghana, Guinea-Bissau, Hong Kong, Hungary, India, Indonesia, Israel, Ivory Coast, Japan, Kenya, Liechtenstein, Malaysia, Mali, Mexico, Morocco, Nepal, New Zealand, Niger, Nigeria, Norway, Pakistan, Peru, Philippines, Poland, Romania, Russia, Senegal, Singapore, South Africa, South Korea, Sri Lanka, Sweden, Switzerland, Thailand, Togo, Turkey, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Vietnam, and Zambia.
ConclusionBitcoin is the future, and it’s here. N26, with its partnership with Wise, makes Bitcoin that much more accessible to everyone interested. Hopefully, more competitors will follow in the footsteps of N26, and soon Bitcoin will reach full adoption.
In case you are looking for different ways to buy Bitcoin, read the guide below:
How to buy Bitcoin anonymously
How to buy Bitcoin with credit card
How to buy Bitcoin with gift card
How to buy Bitcoin with prepaid cards
How to buy Bitcoin with iTunes gift card
How to buy bitcoin with VISA Gift Card?
How to buy bitcoin & crypto with Google Pay
How to buy bitcoin with Apple Pay
The post How To Buy Bitcoin With N26 – Can You Buy Crypto With N26? appeared first on CaptainAltcoin.
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