Crypto Trading Now Available at N26 Digital Bank Despite Weakening Market

October 22, 2022 By Jozeph P

(Image Credit Google)

Europe's N26, a digital banking company, announced on Thursday, October 20, the opening of its first market for cryptocurrency trading, Austria. Austrian users of N26 will soon have access to the N26 Crypto service, which will initially support 100 tokens like Bitcoin and Ether. The business will offer the service to customers in more markets during the ensuing six months, eventually increasing its token offering to a total of 194 currencies. Also Read; Dorsey's hardware crypto wallet looks like a rock! - See Pics Customers must select a cryptocurrency and input the desired amount to buy or sell in order to complete a transaction. As soon as they finish placing their order, the chosen token and the recently spent money will appear in their main account. Customers can "drag and drop" money between their main bank account and their cryptocurrency account, the bank confirmed. Crypto Trading Now Available at N26 Digital Bank Despite Weakening Market

Crypto Trading Now Available at N26 Digital Bank Despite Weakening Market

With the exception of Bitcoin, which has a reduced fee of 1.5%, N26's transaction fee for buying and selling cryptocurrency is 2.5%. For paid Metal accounts, trading expenses are 1% for Bitcoin and 2% for all other tokens. The service costs users €16.90 ($16.54) per month. The technology for the feature was given by Bitpanda, an Austrian cryptocurrency, and stock trading app, whose investor roster includes N26 supporter Peter Thiel. Bitpanda will be paid a commission on trades made through the bank. Future plans by N26 include enabling trading in additional asset types.

By Jozeph P

Journalism explorer, tech Enthusiast. Love to read and write.

Crypto Trading Now Available at N26 Digital Bank Despite Weakening Market

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