5 neobanks to buy Bitcoin and cryptocurrencies – Bitcoin – Cryptocurrency 2020

5 Neobanks to buy Bitcoin

The neobanks, this new type of online banking without a physical agency, are democratizing at high speed. Note that some neobanks were created by traditional banks (BforBank by the Crédit Agricole group, Hello bank! By BNP Paribas, Boursorama by Société Générale, etc.). Neobanks have many advantages over traditional banks, here is a non-exhaustive list:

  • A bank card and sometimes a free subscription (depending on the subscription),
  • No additional fees when paying abroad (transactions at the interbank exchange rate),
  • A simple to use mobile application (vs mobile applications from traditional banks with a poorer user experience) and a more refined design,
  • Instant notification with each payment,
  • Ephemeral virtual cards to make online payments securely,
  • Several types of insurance (travel, medical, etc.),
  • A cashback service (with each purchase, a percentage of the transaction is redistributed to me).

Most of these neobanks do not yet allow the purchase of cryptocurrencies (N26, Lydia, etc.), but not all of them. Among these neobanks which buy and sell cryptocurrencies, some are classic online banks (such as Revolut example) others are dedicated to cryptocurrency (like Coinbase including who was originally a cryptocurrency exchange and who launched the Coinbase Card to meet the needs of its users). For these 2 types of service, you will receive during registration a bank card linked to a bank account (as for a traditional bank). You will be able to credit this account, buy and sell cryptocurrencies from the mobile app.


Discover 5 online banks that allow you to buy cryptocurrencies directly on their mobile app:

1- Revolut (Britain)

  • Type: classic neobank
  • Year of creation : 2015
  • Last fundraiser: $ 250 million in April 2018
  • Available cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash
  • Currencies available: more than 29 currencies including the euro, the US dollar and the British pound
  • Mobile app: iOS and Android
  • Commissions when buying cryptocurrencies: 1.5%, learn more
  • Cashback policy: 0.1% cashback in Europe and 1% outside Europe on all card payments. Cashback possible in crypto.
  • Visa or MasterCard bank card: MasterCard
  • Main advantage: excellent user experience on the mobile app
  • Main drawback: slightly high commissions
  • Note : Revolut is one of the most popular European neo banks with N26. However, I have had negative feedback from customers whose funds have been frozen for weeks or even months by Revolut as long as the process KYC (“Know Your Customer”: authentication of customer data) is not finished. The latter is blocked by Revolut who does not seem to want to help users in this impasse, thus ignoring their customers … Not very reassuring!

2- Crypto.com

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  • Type : crypto neobank
  • year of creation : 2016 (under the name Monaco Technologies GmbH)
  • Last fundraiser : the equivalent of $ 26.7 million in ETH between May and June 2017
  • Cryptocurrencies available : a large choice of cryptocurrencies (53 for the moment) including Bitcoin, Ethereum, Litecoin, Ripple, MCO (token of Crypto.com), Binance Coin, Paxos, etc.
  • Currencies available : US dollar, euro, pound sterling, yen, Singaporean dollar, Hong Kong dollar and Australian dollar
  • Mobile app : iOS and Android
  • Commissions when buying cryptocurrencies : 0% commissions for the moment. Find out more
  • Cashback policy : the amount depends on the number of MCO? -? the cryptocurrency issued by Crypto.com?—? detained (1 MCO = approximately $ 4 in the last quarter of 2019). Here are the different cashback levels depending on the number of Wirex Tokens held:

Less than 50 MCO = 1%

50 MCO = 2%

500 MCO = 3%

5,000 MCO = 4%

50,000 MCO = 5%

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  • Bank card Visa or MasterCard : Visa
  • Main advantage : the cashback percentages are really very interesting and there is currently no commission during trades. A savings service is also offered with for example an annual rate of 6% for cryptocurrencies (10% for stablecoins) during a loan over 3 months (this rate may even be increased if you have 500 tokens MCO). Spotify is even offered if you “stack” (ie immobilize) 50 MCO.
  • Main drawback : the first European users will be beta testers of the bank card when it is launched. Pricing conditions may seem a little too good to be true.
  • Note : the head office is based in Hong Kong. The European headquarters may change with the imminent arrival of service in Europe. The service is already functional in Asia and the United States. I ordered my card and am waiting for January (the date they are supposed to send it). I hope I don’t have any bad surprises with the cashback system!

3- Wirex (Great Britain)

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  • Type: crypto neobank
  • Year of creation : 2016
  • Last fundraiser: IEO (Internal Exchange Offering), a kind of ICO but carried out on an exchange platform. It is quite simply a raising of funds in cryptocurrencies, the investors receive in return utility tokens) carried out on the platform OKEx in July 2019 for an amount of a million dollars a priori.
  • Available cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ripple, Waves, Dai, Stellar Lumen, Wirex Token (Wirex utility token), Nano (non-exhaustive list)
  • Currencies available: many currencies including the euro, the US dollar, the British pound, the yen, the Canadian dollar and the Swiss franc
  • Mobile app: iOS and Android
  • Commissions when buying cryptocurrencies: 1% if the purchase is made with another bank card. Find out more
  • Cashback policy: the amount depends on the number of Wirex Tokens (WXT)? -? Cryptocurrency issued by Wirex? -? Held (1 WXT = approximately $ 0.015 in the last quarter of 2019). Here are the different cashback levels depending on the number of Wirex Tokens held:

49.999 WXT = 0.5%

Less than 100,000 WXT = 0.75%

Less than 500,000 WXT = 1%

More than 500,000 WXT = 1.5%

  • Visa or MasterCard bank card: Visa
  • Main advantage: it is possible to place limit orders (possibility of defining my sale price or my purchase price) and not only market orders (I buy the cheapest sale order or I sell to the order most expensive) when you buy / sell cryptocurrencies
  • Main drawback: a lot of negative opinions on Trustpilot, an average overall rating

4- Coinbase (United States)

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  • Type: Coinbase is a crypto exchange platform that launched the Coinbase Card for its users
  • Year of creation : 2012
  • Last fundraiser: $ 300 million in October 2018
  • Cryptocurrencies available: the cryptocurrencies available on Coinbase. Here is a non-exhaustive list: Bitcoin, Ethereum, Ethereum Classic, Ripple, EOS, Bitcoin Cash, Stellar Lumen, 0x, USDC (the stable Coinbase corner), DAI, Basic Attention Token, Zcash, Dash, Tezos, District0x, Golem, Civic, Loom Network, Chainlink, Augur, Decentraland
  • Currencies available: euro only for the purchase of BTC
  • Mobile app: iOS and Android
  • Commissions when buying cryptocurrencies: purchases and sales are made from Coinbase or Coinbase Pro (both platforms offer a mobile application). Commissions are from 0.5% (maker and taker) on Coinbase Pro (learn more) and are higher on Coinbase. There is another dedicated mobile application for using the Coinbase bank card: the Coinbase Card application.
  • Cashback policy: no
  • Visa or MasterCard bank card: Visa
  • Main advantage: a wide choice of cryptocurrencies on offer, Coinbase remains one of the major players in the cryptocurrency market
  • Main drawback: Significant commissions in general, 0.2% in the Euro zone and 3% outside the Euro zone when purchasing a card. The card is also paid (around 5 €) and there is no cashback system. ATM withdrawals are limited to € 200 per month (fees of 2% apply in the Euro zone and 3% outside the Euro zone). Finally, there is a 2.49% fee when you make a purchase in cryptocurrency.
  • Note : Coinbase is an American company with a European head office based at the moment in London but which could change country following the threat of Brexit. It is not strictly speaking a classic neobank but a cryptocurrency exchange platform which issues a bank card linked to the Coinbase account for users who wish to do so.

5- Bitwala (Germany)

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  • Type: crypto neobank
  • Year of creation : 2015
  • Last fundraiser: $ 13 million in July 2019
  • Available cryptocurrencies: Bitcoin
  • Currencies available: euro only for the purchase of BTC (other currencies are accepted otherwise for the use of the Bitwala bank account)
  • Mobile app: iOS and Android
  • Commissions when buying cryptocurrencies: 1%, learn more
  • Cashback policy: no
  • Visa or MasterCard bank card: MasterCard
  • Main advantage: the only platform (to my knowledge) which allows its users to keep control of the private key of their Bitcoin wallet (neither Bitwala nor any third party can access this private key)
  • Main drawback: the registration process is long, it is impossible to access the platform (even via desktop) before having provided all the documents required to authenticate your account
  • Note : to learn more about Bitwala, you can check out this interesting review from the Bitcoin Bank Card blog

If you want to debate the neobanks mentioned in this article or if you want to offer other online banks to buy and sell cryptocurrencies, do not hesitate to report them to us on Bitcoin’s social networks!

Disclaimer : the information in this article is given as an indication and is not contractual, it may have been modified since the publication of the article. Remember to always do your own research to make informed decisions!

5 neobanks to buy Bitcoin and cryptocurrencies – Bitcoin – Cryptocurrency 2020
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