/ N26 Launches N26 in Spain: New Crypto Product

N26 launches N26 Crypto in Spain

Online bank N26 has announced the launch of N26 Crypto in Spain, a cryptocurrency trading product that allows local customers to buy and sell around 200 cryptocurrencies directly from the bank's app.

With N26 Crypto, the bank offers its customers interested in investing in these assets one of the largest selections of currencies available on the banking app worldwide, as well as the security, transparency and simplicity that N26 provides.

In 2022, Austria became the first country to implement N26 Crypto, followed by Germany, Belgium, Ireland, Portugal and Switzerland in early 2023.

Pablo Reboiro, CEO of N26 in Spain and Portugal, emphasizes that "the banking experience that N26 offers has always been built with the needs of our customers in mind, with products and services that aim to make it easier to manage money in one space."

"With N26 Crypto, we offer an easy way to invest, with a user experience that focuses on maximizing transparency. One of the main characteristics of cryptocurrencies is their high volatility, something every investor should be aware of and consider before investing. However, for retail investors, it is a highly sought-after and relevant asset class that often becomes the starting point into the world of investing for a new generation of users. We want our customers to drive their own financial decisions and be able to start investing based on the security that the N26 ecosystem provides," he adds.

The new product also ensures customers have maximum transparency of trading and commissions, as well as a clear view of their investment portfolio, allowing them to see how it changes over time. Customers of Metal, N26's most premium account, can trade on more favorable terms: the transaction fee is 1% for bitcoin and 2% for all other cryptocurrencies. For Standard, Smart and You clients, the transaction fee for bitcoin trading is 1.5% and for other cryptocurrencies 2.5%.

In addition to a simple and intuitive user interface to help simplify the complex nature of cryptocurrency trading as much as possible, N26 offers a wide range of educational content through various channels to inform those learning about cryptocurrencies, including dedicated cryptocurrency pages as well as corporate blog posts.

N26 Crypto is offered in partnership with Bitpanda GmbH. The Austrian fintech company is responsible for transactions and storage of cryptocurrencies.

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