Europe’s $9 billion digital bank N26 launches crypto service amid bear marketwww.cnbc.com/2022/10/20/europes-9-billion-digital-bank-n26-launches-crypto-trading-service-amid-bear-market.html
51 sats \ 2 comments \ @lpop4254 20 Oct 2022 bitcoin
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25 sats \ 0 replies \ @irusensei 20 Oct 2022
Notably, N26′s crypto service doesn’t include support for custodial wallets
Its a Bitcoin IOU. Stay away from this crap. And even if they did allowed you to convert those IOUs to real bitcoin...
The feature is powered by Bitpanda
Oh look its the most toxic and overcompliant bitcoin exchange available for Europe. https://blog.bitpanda.com/en/why-do-i-need-to-disclose-the-origin-of-my-funds-as-a-bitpanda-user
It probably goes without saying but stay the fuck away from crappy IOU shitcoin casinos like Bitpanda, Revolut, N26 etc.
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0 sats \ 0 replies \ @cryptocoin 20 Oct 2022
Here's another article on the topic:
While the company will have to roll out crypto a single market at a time because of different regulations, N26’s goal is ultimately to offer the product everywhere they operate, he said.
N26, whose backers include Coatue, Li Ka-Shing and Peter Thiel, said customers will be able to trade Bitcoin at a 1.5% transaction fee and will be charged 2% for other coins.
N26 Offers Crypto Trading to Users in Bitpanda Partnership https://www.bloomberg.com/news/articles/2022-10-20/n26-offers-crypto-trading-to-users-in-bitpanda-partnership [Archive]
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