EU CRYPTO REGISTER · AUTHORISED · LAST VERIFIED
Is N26 Bank SE licensed under MiCA in the European Union?
N26 Bank SE's European entity (N26 Bank SE) is recorded as an authorised Crypto-Asset Service Provider under the EU's Markets in Crypto-Assets Regulation, with its authorisation issued by Germany on 14 May 2025.
Verdict: N26 Bank SE appears in the ESMA Register of MiCA-Authorised CASPs.
| Legal entity | N26 Bank SE |
|---|---|
| Home Member State | Germany |
| National Competent Authority | Federal Financial Supervisory Authority (BaFin) |
| Authorisation date | |
| Legal Entity Identifier (LEI) | 529900JB9XYZ8E87N345 |
| Authorised services | Order R&T |
Source: ESMA Register of Crypto-Asset Service Providers. Retrieved 30 June 2026.
About N26 Bank SE
N26 Bank SE is a German neobank, not a standalone consumer crypto exchange, custodian, broker or asset manager. It was founded in 2013 and is headquartered in Berlin, Germany, and it holds a full German banking licence from the Federal Financial Supervisory Authority (BaFin). Its crypto offering, N26 Crypto, is a brokerage feature inside the N26 banking app rather than a dedicated trading venue. Sources: N26, Wikipedia
According to N26, the crypto service lets customers buy, sell and swap crypto-assets directly from their euro N26 account using SEPA, and N26 states it covers over 400 cryptocurrencies including Bitcoin and Ethereum. N26 reports that the service does not provide custodial wallets that allow transfers off-platform, and does not offer staking, savings or DCA programmes. The underlying brokerage execution is powered by Bitpanda. Sources: N26 Crypto, N26 Support
On the MiCA question: the contracting legal entity is N26 Bank SE, supervised in Germany by BaFin as its home-state competent authority. Per the AMF DASP/CASP white list, its MiCA crypto-asset service authorisation covers reception and transmission of orders for crypto-assets on behalf of clients (Order R&T). That single service is the scope of the licence. It does not, on this authorisation, extend to other MiCA crypto-asset services such as custody and administration, operating a trading platform, exchange against funds or other crypto-assets, placing, or advice and portfolio management. The authorisation is passportable across the EU, and N26's entry appears on the AMF DASP/CASP white list for France under free provision of services. Sources: AMF DASP/CASP white list, N26 Crypto
Which crypto services is N26 Bank SE authorised to offer in the EU?
Under its MiCA authorisation issued by Federal Financial Supervisory Authority (BaFin), N26 Bank SE (N26 Bank SE) is approved to provide the following services to EEA residents. Each service is defined in Article 3(1)(16) of Regulation (EU) 2023/1114.
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Reception and transmission of orders for crypto-assets on behalf of clients
The exchange can receive your order and pass it to another venue for execution. Brokerage-pattern service, often paired with order execution.
Which services is N26 Bank SE not authorised to offer?
N26 Bank SE's MiCA licence does not cover: Custody, Trading platform, Exchange for funds, Exchange for crypto, Order execution, Placing, Advice, Portfolio mgmt, Transfer services. These services may still be offered by other authorised providers, or by N26 Bank SE under a different regulatory framework (for example, derivatives may fall under MiFID II rather than MiCA). Source: ESMA Register, retrieved 30 June 2026.
See other MiCA-authorised exchanges by service:
Why is N26 Bank SE licensed in Germany?
Germany's BaFin runs a strict, banking-style authorisation model. Trade Republic, which already held a German banking licence, was authorised in April 2025. BaFin previously refused Binance's German licence application in 2023, leading Binance to withdraw from the German market. Source: Federal Financial Supervisory Authority (BaFin).
| National Competent Authority | Federal Financial Supervisory Authority (BaFin) |
|---|---|
| Investor compensation | EdW (compensation scheme for securities firms) plus bank-deposit cover where applicable. |
| Regulatory context | BaFin's banking-style scrutiny is the highest barrier among MiCA NCAs. |
What does this mean for users of N26 Bank SE in the EU?
If you transact through N26 Bank SE's EEA-authorised entity (N26 Bank SE), the protections introduced by MiCA apply to your relationship from onwards. In practical terms this means: client crypto-assets are ring-fenced from the exchange's own funds (Article 70 MiCA), the authorised entity holds prudential capital, has formal complaint-handling procedures, and is subject to transparency obligations on fees and order execution. Source: Regulation (EU) 2023/1114.
One thing to verify yourself: the legal entity you contract with day-to-day must match the entity in the ESMA register. Some global exchanges operate multiple legal entities under one brand. Confirm in N26 Bank SE's terms of service that your contracting entity is N26 Bank SE, not a non-EEA affiliate.
Which MiCA-authorised exchanges are alternatives to N26 Bank SE?
Three MiCA-authorised providers to consider. Drawn from the ESMA register, never paid placement.
| Provider | Home Member State | Authorised | Services |
|---|---|---|---|
| Alaric Securities | Bulgaria | 9 services | |
| OKX | Malta | 9 services | |
| Kraken | Ireland | 8 services |
Related reading
Understand the regulatory context behind N26 Bank SE's entry on the register:
Frequently asked questions about N26 Bank SE and MiCA
Is N26 Bank SE licensed under MiCA?
Yes. N26 Bank SE appears in the ESMA Register of MiCA-Authorised Crypto-Asset Service Providers, with its authorisation issued by the competent authority of Germany.
Which EU countries can N26 Bank SE serve under this licence?
A MiCA authorisation in one EEA member state permits passporting across all EEA member states, subject to a notification process to each host-state regulator.
Are my crypto-assets on N26 Bank SE protected under MiCA?
MiCA introduces ring-fencing of client crypto-assets, prudential capital requirements for the authorised entity, complaint-handling obligations, and conduct rules. It does not provide a deposit-guarantee scheme equivalent to bank deposit insurance.
What's the difference between the authorised entity and the global brand?
Some global exchanges operate multiple legal entities. The MiCA authorisation applies only to the specific legal entity in the ESMA register, not to the global brand. Verify the contracting entity in N26 Bank SE's terms of service.
Where can I check the official record?
The ESMA register publishes the authoritative list and updates it weekly. The direct link to N26 Bank SE's entry is on this page under 'Sources'.
Sources
This page is updated weekly. Last verified . If you believe any information on this page is inaccurate, write to our contact page.