The German-based Neobank N26 is expanding its crypto trading footprint in various European countries. But the bank has some imminent challenges.
As the crypto market rebounds, the development around the ecosystem kicks in. The German Neobank N26 announced the expansion of its crypto trading services in several European countries, including Germany, Switzerland, Ireland, Belgium, and Portugal.
ໃນເດືອນຕຸລາປີກາຍນີ້, N26 first offered crypto trading services in Austria in partnership with BitPanda.
N26 Broadens its Crypto Trading Services
The neobank aims to simplify crypto trading by eliminating confusion, waiting time, and the need to download a new app. The users will be able to trade crypto directly from their bank account.
N26 will allow users to trade 200 coins with 1.5% fees for Bitcoin and 2.5% for altcoins. The subscriber of its Metal account service, which costs €17 per month, will get a discount on the trading fees. The metal subscribers can trade Bitcoin at a 1% fee, and altcoins for 2% fees for trading amounts up to €5,000 per month.
However, the neobank will not provide the users with control of private keys. N26 clarified that it would be a closed system, wherein users would not have their own keys or be able to transfer crypto to other accounts. Some users criticized the German bank due to this.
Source: https://beincrypto.com/n26-to-make-buying-crypto-easier/