N26 adds crypto trading with new Bitpanda integration

The new trading feature in N26's app is called N26Crypto. Users will be able to use money in their account. N26 is working with Bitpanda to handle trading.

N26 will be rolling out across Europe. The new feature will only be available to users in Austria. Over the next six months, other countries should receive the feature.

You will be able to buy, sell and hold 100 different assets. Later on, the startup plans to add another 94cryptocurrencies. I think the company will expand to stocks and other asset classes in the near future.

The second tab will now be called "Finances". The spaces are sub-accounts that you can use to save money in a different pocket. It is possible to use spaces as a shared account with another person.

There is a section for trading with your portfolio. N26 has a list of all your assets, the value of your positions, and how they have changed over time.

Users can hit the buy or sell button whenever they want to buy or sell cryptocurrencies. The exchange rate and fees are displayed in N26

The image is called N 26.

N26 will charge 2.5% for all other Cryptocurrencies. Users pay the same fee to use Bitpanda. Users who pay 16.90 a month for N26 Metal will pay 2% and 1% in transaction fees.

It is tied to your bank account, which is the main advantage. If you want to start trading, you don't have to put money in a different account, just use the Bitpanda app. You won't have to transfer money back to your bank account when you cash out with N26Crypto.

N26 is not the first startup that integrates with Bitpanda. Lydia and Bitpanda introduced the ability to trade stock, precious metals, Cryptocurrencies and Exchange Traded Funds in its app last year. It works well in my opinion.

N26 released its financial results last week. Its operating costs grew at a rapid pace and resulted in a 170 million net loss.

N26 has raised a lot of money. Thanks to the deep pockets of the company, it has plenty of time to figure out how to make more money with its users. The new feature should contribute to the company's bottom line since N26 and Bitpanda have agreed to share revenue.

The profit divide running through the neobanking sector