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How to Buy Crypto with ING Bank

How to Buy Crypto with ING Bank

Explore how ING Bank facilitates buying crypto, offering secure transactions to regulated exchanges and a seamless investment experience.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Summary: ING does not offer native cryptocurrency trading capabilities on its web or mobile banking interfaces. Nonetheless, customers of ING Bank can venture into the digital asset market by transferring Euros to approved cryptocurrency exchanges, adhering to the regulations outlined by the Dutch Authority for the Financial Markets (AFM) and comparable European bodies.

Our research highlights eToro as a top choice for ING customers. Fully compliant with regulatory frameworks set forth by the AFM and other European agencies, eToro is a trusted platform for seamless Euro transfers originating from ING Bank and other financial institutions across Europe. Within the eToro ecosystem, users gain entry to an expansive selection of more than 3,000 crypto assets, equities, ETFs, and various commodities.

Top Platform for ING Bank
5.0 out of 5.0 by Datawallet
eToro is the best platform for ING Bank customers due to its secure, regulated status, seamless integration with ING accounts, and cost-effective trading experience across a diverse range of digital assets.
Licensing & Regulation
The FCA, CySEC, ASIC and other Tier-1 Regulators.
Available Assets
70+ Cryptos and 3,000 other assets.
Deposit Methods
Bank Transfer, SEPA, Debit Card, Credit Card and more.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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Can I Buy Crypto with ING Bank?

Yes, ING Bank supports the purchase of digital currencies. This bank offers secure transaction services to regulated cryptocurrency exchanges in Europe for acquiring assets like Bitcoin, Ethereum, and Solana. ING allows transfers in key currencies such as EUR, USD, and GBP to these trading platforms. While ING Bank doesn't directly engage in cryptocurrency trading, its banking solutions offer a dependable and efficient method for depositing funds into your exchange account, thereby facilitating your investment in the cryptocurrency market.

How to Buy Crypto with ING Bank

Clients of ING Bank keen on digital currencies can turn to platforms such as eToro, a trading service globally recognized for its regulatory compliance and available in various countries. eToro is known for its strict adherence to regulatory standards and accepts transfers from ING accounts, including options like bank and debit card transfers. The platform provides access to over 3,000 assets, including cryptocurrencies, stocks, and ETFs, appealing to various investment interests.

Here is how you can begin investing in cryptocurrencies through eToro using your ING Bank account:

  1. Account Setup: Sign up on eToro and follow through with the verification procedures.
  2. Funding Your Account: Go to the 'Deposit' section on eToro, typically found in the lower-left corner of the interface. Start the process of adding funds to your eToro account.
  3. Selecting Currency and Method: Choose the currency you prefer for the deposit, such as EUR, USD, or others, and select a payment method linked to your ING Bank account.
  4. Cryptocurrency Investment: After your deposit is credited, use eToro’s intuitive search tool to find and invest in your chosen cryptocurrency.
Buy Crypto with ING Bank

What are the Fees?

Grasping the fee framework is crucial when contemplating investments in Bitcoin or other digital currencies via ING Bank. Potential fees encompass charges for depositing and withdrawing funds, transaction fees, and varied spreads on pricing.

For clients of ING Bank, utilizing platforms like eToro for crypto investments presents several benefits. eToro, supporting multiple currencies, is a flexible choice for ING customers worldwide. The platform is noted for its competitive fee structure, featuring a variable spread of 1% on trading activities, a rate that stands out favorably against other platforms. To put this into context, certain exchanges, for instance, Coinbase, apply spread fees exceeding 2%.

Is ING Bank Crypto-Friendly?

ING Bank demonstrates a positive approach towards digital currency. The bank has developed a framework to assist its clients in investing in cryptocurrencies such as Bitcoin, facilitating safe transactions to exchanges that comply with financial regulations. ING's partnerships are with crypto platforms that rigorously adhere to financial laws in their jurisdictions.

This policy guarantees that ING Bank customers interact with exchanges that maintain high financial standards worldwide. Complying with regulatory bodies like the Financial Conduct Authority (FCA) and the US's Financial Crimes Enforcement Network (FinCEN) is a critical aspect of ING's strategy. Such adherence minimizes risks associated with financial malpractices, including money laundering and fraud, offering a secure environment for clients keen on digital asset investments.

Bottom Line

In conclusion, while ING Bank does not directly offer cryptocurrency trading, it effectively facilitates clients' access to the crypto market. By allowing transfers to regulated exchanges like eToro, ING Bank ensures a secure and compliant pathway for investing in digital currencies. The bank's approach, aligning with major financial regulatory standards, provides customers with a safe and versatile platform for their cryptocurrency investments.

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