N26 Crypto, A New Product From Mobile Bank N26

Digital Assets: N26 Crypto, A New Product From Mobile Bank N26, Launches In Germany, Switzerland, Belgium, Portugal, and Ireland

January 20, 2023 | Digital Assets, News

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N26 has over EUR 6 billion of deposits in customer accounts.

Mobile bank N26 has expanded the availability of its cryptocurrency trading service, N26 Crypto, to customers in Germany, Switzerland, Belgium, Portugal and Ireland.

The service allows users to buy and sell almost 200 different cryptocurrencies directly in the N26 app, with funds deducted from their bank balance and coins appearing in their N26 Crypto portfolio instantly.

Alongside full in-app integration, N26 Crypto also features clear visualizations of a customer’s crypto portfolio, making it easy to track the portfolio’s development over time. On top of being able to track their purchase history and portfolio development in real time, customers will also benefit from an easy-to-understand transaction order with fees to be reviewed and confirmed before each transaction is made.

Gilles BianRosa, Chief Product Officer at N26, said: “With N26 Crypto we have created a simple, intuitive product that integrates seamlessly into N26’s fully-regulated banking experience where one’s bank balance, savings, and investment portfolio sit side by side – with cryptocurrencies being the first asset class we intend to offer.”

N26 Crypto is being rolled out to eligible customers over the coming weeks and is being offered in partnership with Bitpanda Asset Management which manages the execution of trades and custody of coins.

Eligible customers will be able to make transactions with a 1% transaction fee for Bitcoin and 2% for other cryptocurrencies, while N26 Metal customers will be able to make transactions with a 1% transaction fee for Bitcoin and 2% for other cryptocurrencies.

“Cryptocurrency trading is often the entry point to investing for a new generation of investors who are looking to explore ways to grow their wealth,” said N26 co-founder and Co-CEO, Valentin Stalf. “With N26 Crypto, we are offering a simple way to trade and invest, with a great user experience and low and transparent fees.”