Simplify your cryptocurrency transactions with PRS ONE CONNECT. Pay just 1% for Bitcoin and 2% for other coins (special coins may vary) using a Metal credit card. Enjoy the benefits of a stainless steel Mastercard, comprehensive travel and tech insurance, and dedicated customer care seven days a week.
Our Crypto features are on Beta Phase and are currently available in Germany, Austria, Spain, Italy, Ireland, Slovakia, Greece, France, Belgium, Estonia, Finland, Latvia, Lithuania, Luxembourg, Netherlands, Portugal, Slovenia. If you are on another country you just need to wait and soon it will be available worldwide.
Cryptocurrency is a type of digital money. The word “crypto” comes from the cryptographic techniques used to ensure that cryptocurrencies can be transacted securely. These techniques replace the need for a third party (such as a bank) to oversee transactions. Whereas traditional currencies are issued and regulated by a central authority, many cryptocurrencies rely instead on decentralized blockchain technology to review and approve transactions.
Cryptocurrencies have many potential use cases — some already real, and some still a bit theoretical. Some people also buy cryptocurrencies to hold or sell later, in the hope that their value will increase over time. Others may buy crypto because they believe in the future of decentralized finance, or want to support a specific crypto project they believe in. Before trading crypto, you should know that many cryptocurrencies are subject to extreme fluctuations in value and carry the risk of total loss of value.
With Connect Crypto, you can buy and sell almost 200 coins directly within your app. Current coin offerings include some of the biggest cryptocurrencies by market cap, such as Bitcoin, Ethereum, Solana, and many more. Be sure to do your research on the different types of cryptocurrencies before trading crypto, as each project may have its pros and cons to consider.
A €50,000 limit on daily transactions by Personal customers A €100,000 limit on daily transactions by Business customers A limit of 200 trades within 24 hours per user Users can only place buy and sell orders with a minimum of €1. This applies to all coins.
PRS ONE Connect Crypto transactions are subject to a transaction fee of 1.5% for Bitcoin and 2.5% for all other coins (deviations for special coins are possible). The transaction fee and exchange rate for each purchase are displayed on the purchase and sell screens, so you can always review them before confirming a trade*.
PRS ONE Connect Crypto is all about simplicity, so you don’t need to set up a crypto wallet to trade crypto. You can trade your crypto directly in your app. All coins purchased with Connect Crypto are safely stored in a custodial storage by our partner, Bitpanda Asset Management GmbH.
It is currently not possible to send coins to or from other crypto wallets with Connect Crypto. But we are working on a major release which will allow you to move crypto between wallets and your PRS ONE Connect app.
Crypto is typically subject to capital gains tax and may be subject to other taxes as well. The rules relating to taxation vary by member states and are constantly evolving, so do your research and understand the tax implications before making your first trade.
Bitpanda Asset Management GmbH is a Germany-based financial services provider that offers trading, custody, management and protection of crypto assets. PRS ONE Connect has partnered with Bitpanda to offer Crypto in a convenient way to trade almost 200 cryptocurrencies directly from your app.
