Can you buy Crypto with an iDEAL Transfer?
Yes, you can buy cryptocurrencies legally and safely using iDEAL bank transfers. To do this, investors should join a Dutch crypto exchange that supports iDEAL and Euros (EUR) as a deposit method. As iDEAL and Dutch banks dont directly facilitate crypto trading, it's key to use an AFM-regulated exchange for transaction safety and consumer protection.
How to Buy Crypto with iDEAL
The safest and most user-friendly way to acquire BTC and other cryptocurrencies using iDEAL is through a regulated external exchange. This method enables users to securely deposit EUR from their bank account via iDEAL, among other options. For a seamless experience, we suggest eToro for its compatibility with iDEAL, rigorous compliance with regulations, and reasonable transaction fees.
Here's a straightforward step-by-step guide to purchasing crypto with iDEAL on their platform:
- Visit eToro to sign up and verify your identity.
- Select the 'Deposit Funds' button on the bottom left of your screen.
- Select 'iDEAL' as your payment method and select the bank you are transferring Euros from.
- Complete the deposit and use the funds credited to your account to invest in crypto.

What are the Fees?
The fees related to purchasing cryptocurrency using iDEAL transfer in the Netherlands may differ based on the chosen exchange platform. Generally, fees consist of transaction fees, deposit fees, and withdrawal fees, which fluctuate depending on the platform and the specific cryptocurrency being traded.
We recommend eToro, as they provide free deposits via iDEAL transfer, commission-free trading, and competitive spreads (1%) for trading crypto assets. This pricing structure is more affordable than popular alternatives like Coinbase, which typically charges 1.5% - 2% per trade.
Is iDEAL Crypto-Friendly?
iDEAL allows its users to invest in cryptocurrencies through third-party exchanges regulated by the Netherlands' Authority for Financial Markets (AFM). This indicates that users can employ Dutch-based exchanges that conform to national rules and regulations aimed at averting financial crimes like money laundering and fraud. By choosing a regulated exchange, iDEAL users can be confident that their cryptocurrency investments are secure and comply with legal requirements.
Bottom Line
In conclusion, it's indeed possible to purchase cryptocurrencies using iDEAL bank transfers in the Netherlands, provided you use a regulated Dutch crypto exchange like eToro. To ensure secure transactions, it's crucial to use platforms regulated by the Netherlands' Authority for Financial Markets (AFM). These exchanges comply with regulations designed to prevent financial crimes and offer protections for users.
The costs associated with such transactions can vary, but eToro provides a cost-effective solution with free iDEAL deposits, commission-free trading, and reasonable spreads. With iDEAL and regulated exchanges, Dutch crypto investors can confidently and legally participate in the dynamic world of cryptocurrencies.