How to Buy Crypto with Comdirect

Can I Buy Bitcoin with Comdirect?

Yes, Comdirect account holders can invest in Bitcoin by transferring Euros to crypto exchanges in Germany regulated by the Federal Financial Supervisory Authority (BaFin). These platforms operate within strict anti-money laundering (AML) guidelines, offering a compliant pathway for accessing digital asset markets.

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How to Buy Crypto with Comdirect

‍Comdirect clients can invest in cryptocurrencies by transferring money to BaFin-regulated exchanges. We recommend eToro, which offers access to over 6,000 assets, including major cryptocurrencies alongside traditional financial instruments. Comdirect users can fund their eToro accounts through IBAN/SEPA transfers, Sofort, bank transfers or card payments.

Follow this guide to buy crypto with Comdirect:

1. Create an Account: Head to eToro’s official website, sign up, and complete the required ID verification process.
2. Fund Your Wallet: Navigate to the "Deposit" section on eToro, choose your preferred funding method (SEPA transfer, Sofort, or card), and send Euros directly from your Comdirect account.
3. Choose Your Cryptocurrency: Browse eToro’s range of digital assets and select the one you wish to purchase.
4. Complete Your Purchase: Enter the amount you’d like to invest, review the transaction details, and confirm your purchase to execute the process.

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What are the Fees?

If you decide to purchase cryptocurrency using funds from your Comdirect account through eToro, here’s a detailed look at the associated fees on the platform:

• Deposits: eToro automatically converts Euro deposits into USD, which incurs a 0.5% currency conversion fee when transferring from your Comdirect account. 
• Withdrawals: A $5 flat fee applies to withdrawals in USD. If you withdraw Euros, an extra 0.5% conversion fee will be charged to convert USD back into Euros.
• Trading Fees: eToro applies a 1% trading fee for each cryptocurrency transaction. This is added to the spread, which is the difference between the buying and selling prices.
• Inactivity: A $10 monthly fee is charged after 12 months of inactivity. This can be avoided simply by logging into your account occasionally. Closing your account incurs no additional costs.

Compared to alternatives like Bitpanda, which charges trading fees of over 2%, eToro’s pricing remains competitive. With no hidden fees on deposits and a transparent structure, it’s an affordable choice for Comdirect customers interested in crypto investments.

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Comdirect Cryptocurrency Policy

Comdirect facilitates cryptocurrency investments by allowing clients to transfer funds to exchanges regulated by the Federal Financial Supervisory Authority (BaFin). This compliance ensures adherence to Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations.

In 2022, Comdirect expanded its offerings by partnering with 21Shares to provide customers access to physically-backed crypto Exchange-Traded Products (ETPs) within savings plans. This collaboration enables investors to include digital assets like Bitcoin and Ethereum in their portfolios through a regulated framework.

While Comdirect supports crypto investments via ETPs, it does not currently offer direct cryptocurrency trading within its own platform. Clients seeking to trade digital assets must use external BaFin-regulated digital asset exchanges.

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About Comdirect

Comdirect, a subsidiary of Commerzbank AG, is a leading German direct bank offering a comprehensive suite of online banking and brokerage services. It serves approximately 2.74 million customers, managing total assets under control of €80.2 billion.

Comdirect's product portfolio includes current accounts, savings accounts, investment accounts, and access to various financial instruments, catering to both retail and business clients. In November 2020, Comdirect was fully integrated into Commerzbank, enhancing its digital banking capabilities.

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Bottom Line

In conclusion, Comdirect provides its customers with a secure method to invest in cryptocurrencies by facilitating transfers to BaFin-regulated exchanges. eToro adheres to stringent European regulatory standards and is fully accessible to German investors.

This approach ensures that Comdirect users can access cryptocurrencies in a compliant manner, staying within the framework of German and EU financial regulations.