Can You Buy Crypto with ING Bank?
ING Bank does not offer cryptocurrency trading or investment services via its online banking platform. Nonetheless, customers can acquire digital assets by connecting their ING account to an ESMA-licensed cryptocurrency platform in Europe. We advise investors to select platforms with proper licensing and regulation, as opposed to off-shore alternatives like Binance, which may present risks.
How to Buy Bitcoin and Crypto with ING
The most secure and convenient way to invest in cryptocurrencies using your ING Bank account is through a regulated exchange such as eToro. This method allows investors to easily deposit EUR from ING Bank via bank transfer, SEPA, ING Card, debit card, credit card, and other supported options.
- Open a free account on eToro and complete the verification requirements.
- Select the 'Deposit Funds' button on the bottom left of your screen.
- Tap 'EUR' and your payment method, then transfer EUR from ING Bank.
- Complete the deposit and open the search bar to buy your desired token.
What are the Fees?
Trading digital assets can be expensive depending on the exchange. After closely examining the top trading platforms available to European investors, we found that eToro offers the most cost-efficient solution with free deposits, zero fees and a small spread (1%) when buying or selling a token. This is significantly lower than exchanges like Binance, which impose fees for deposits.
Is ING Bank Crypto-Friendly?
ING Bank has demonstrated a positive stance towards cryptocurrency and has taken several steps to facilitate customers in buying and selling digital assets. The bank has revised its policies to ensure that customers can easily use their bank accounts for cryptocurrency transactions.
This includes allowing customers to connect their bank accounts to licensed exchanges and lifting restrictions on using credit cards to purchase cryptocurrencies. ING Bank clients can confidently invest in digital assets without concerns about their transactions being rejected or unprocessed.
In conclusion, ING Bank customers in Europe can confidently invest in cryptocurrencies by connecting their accounts to ESMA-licensed platforms like eToro. Although ING Bank does not directly offer crypto trading, it has adopted a crypto-friendly approach, enabling seamless and secure transactions.
By choosing a regulated exchange with low fees, such as eToro, investors can access a wide range of digital assets and enjoy a cost-effective trading experience. Remember to prioritize licensed and regulated platforms to minimize risks and ensure a smooth investment journey.