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Germany Challenger Bank, N26, Enables Crypto Trading with BitPanda Integration

TechCrunch | Romain Dillet | Oct 20, 2022

N26 Crypto - Germany Challenger Bank, N26, Enables Crypto Trading with BitPanda Integration

Image: N26

Challenger bank N26 is launching a new trading feature in its app — N26 Crypto. Users will be able to easily trade crypto assets using money in their N26 account. Behind the scenes, N26 is partnering with Bitpanda to handle trading and custody.

  • N26 is going to slowly roll out N26 Crypto across Europe. At first, only some users in Austria will be able to access the new feature. Other countries should get the feature at some point over the next six months.
  • Crypto trading: N26 will let you buy, sell and hold 100 different crypto assets. The startup plans to add another 94 crypto assets later down the road. And I’m sure the company will expand to stocks and other asset classes soon.
    • N26 plans to charge 1.5% for bitcoin trades and 2.5% for all other cryptocurrencies. That’s the same fee that users pay in Bitpanda’s own app.
    • Users who pay €16.90 per month for N26 Metal will pay 1% and 2% in transaction fees on bitcoin and other cryptocurrencies respectively.

See:  N26 addresses neobank’s culture struggles

  • The main advantage with N26 Crypto is that it is directly tied with your existing bank account. You don’t have to upload money to a different trading account, switch to the Bitpanda app (or another app) and then start trading.

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NCFA Jan 2018 resize - Germany Challenger Bank, N26, Enables Crypto Trading with BitPanda IntegrationThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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