In Germany, retail investors recently got easier access to crypto trading. Santander’s Openbank now lets consumers buy, sell, and store crypto in their bank accounts. They no longer need external exchanges. Let’s break it down.

Openbank makes crypto trading more accessible. Investors can safely explore Bitcoin and other digital assets.

What the Service Offers

Openbank now supports the five most popular cryptocurrencies. These include Bitcoin, Ethereum, Litecoin, Polygon, and Cardano. You can now buy and sell these cryptocurrencies without much hassle. You can also trade them alongside traditional investments like stocks and ETFs.

The charges are also affordable. You spend 1.49% on each transaction, with the least charge of €1 on any transaction. There are no custody fees, so you don’t pay extra just to hold your crypto. With these features, OpenBank will be more competitive and an easy-to-use option. Both new and professional traders would want to enjoy these low transaction charges.

Regulation and Security

Openbank trades crypto under the Markets in Crypto-Assets Regulation (MiCA). The new EU rule safeguards investors. It sets clear standards for crypto services in Europe. In the same year, Openbank received its MiCA license. The license assures compliance and safety of the platform. It gives the users a feeling of security, especially those new to crypto trading. It provides more credibility and openness.

Source: X

Future Plans

Openbank plans to extend this service to Spain and other European nations. Now, customers will have increased access to secure crypto trading using their bank accounts. The bank also plans to support a wider range of cryptocurrencies. It will add features like crypto-to-crypto trading for greater flexibility.

Takeaway

Openbank’s move to add crypto trading to its many features is a big shift in Germany. It combines banking with secure crypto access. You can join the market with better safety and with confidence. Both new and experienced traders enjoy low fees and clear rules. It will give investors more confidence, more options, and more access.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.

We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.

Copyright Altcoin Buzz Pte Ltd.

The post Openbank Launches Crypto Trading In Germany appeared first on Altcoin Buzz.

banner

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Leave a Comment