you can buy bitcoin and other cryptocurrencies, here's how

The online bank N26 is launching its N26 Crypto offer in France. It allows you to invest in bitcoin and nearly 200 other cryptocurrencies. An accessible offer, including for customers with a free account, and which is fully integrated into the N26 application.

Source: N26

Things are moving around N26. The neobank is being completed with a new offer which will arrive in France: N26 Crypto. Already launched in seven other European countries, it is now in France that it will be possible to invest in cryptocurrencies from the online banking application.

Nearly 200 cryptocurrencies available in the N26 application

It is in a press release that the company formalized the arrival of its new offer in France. The idea is simple: to be able to buy and sell cryptocurrencies from a selection of nearly 200 cryptoassets. This includes Bitcoin, Ethereum, Avalanche, Binance Coin, Solana, Ripple, Dogecoin, Cardano, Litecoin, etc. For each cryptocurrency, several information will be accessible: “ the current price, its fluctuation in value over time, and important information such as market capitalization. »

The section dedicated to cryptocurrencies in the N26 application // Source: N26

In the N26 application there will be a new tab “Investment» within the section «Finance”, with the full range of cryptocurrencies available for purchase and sale. Users will be able to track the history of their purchases and sales as well as the evolution of their asset portfolio in real time. The purchase will be made in real time, the sale too. The drag-and-drop functionality of the application, which has partly made it successful, will also be available for cryptocurrencies.

The minimum purchase is set from one euro and you can naturally buy fractions of a cryptocurrency (a whole Bitcoin costs more than 61,000 euros). The exchange rate will be valid for 60 seconds, before it is updated.

N26 Crypto will be free for all users

No need to have subscribed to another N26 offer to benefit from N26 Crypto. The service will be free, including for bank customers who pay nothing. N26 Crypto is offered in partnership with Bitpanda GmbH, “which manages the execution of transactions and custody of cryptoassets», Specifies the bank. In order to benefit from it, you will necessarily have to open an N26 bank account.

Euros exchanged for Ethereum in N26 // Source: N26

Fees will be charged for each transaction and indicated each time. N26 tries to show its credentials by saying it avoids hidden fees:

  • For N26 Metal customers, there will be a transaction fee of 1% for trading Bitcoin and 2% for other cryptocurrencies;
  • For other customers, transaction fees will be 1.5% for Bitcoin and 2.5% for other cryptocurrencies.

As N26 states, “these commissions are deducted from your transaction amount, rather than being added to it. This means that the actual amount of cryptocurrency you buy will be slightly less than the amount you entered.»

Note that thetradingcryptocurrency is not an investment without risks: certain cryptoassets can in theory lose all or part of their value. Think about this before investing in cryptocurrencies.

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