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.
Can I Buy Crypto with ING Bank?
Yes, you can purchase Bitcoin, various stablecoins, and a wide array of other digital assets using your ING Bank account, debit card, or alternative payment options such as SEPA and iDEAL. To proceed, you'll need to sign up with a European cryptocurrency exchange that supports Euro transactions via your chosen payment avenue. Although ING Bank doesn't directly handle cryptocurrency transactions, it provides a state-of-the-art banking infrastructure that accommodates crypto acquisitions through external exchanges.
How to Buy Bitcoin and Crypto with ING
The most secure method to acquire digital currencies utilizing your ING Bank account is through a regulated platform in Europe, or an alternative jurisdiction. We suggest the regulated exchange, eToro, which allows investors to seamlessly deposit Euros (EUR) from ING Bank using bank transfers, ING Bank cards, iDEAL, and various other methods.
Here's an easy-to-follow 4-step manual to begin your journey:
- 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?
Navigating the complexities of cryptocurrency investments, one cannot overlook the significance of various fees, such as deposit fees, withdrawal charges, trading commissions, and spread costs.
For those using ING Bank, eToro emerges as a compelling choice for its economical fee structure. Particularly, eToro facilitates affordable Euro (EUR) deposits, and its trading commissions are competitively priced. The platform employs a variable spread fee, often hovering around 1%, making it a more budget-friendly option when compared to competitors like Coinbase, where spread fees can exceed 2%.
Is ING Bank Crypto-Friendly?
ING enables its customers to interact with the cryptocurrency market by permitting transactions to platforms that are overseen by regulatory bodies such as the Dutch Authority for the Financial Markets (AFM) and other European counterparts, including the Cyprus Securities and Exchange Commission (CySEC). This policy empowers ING Bank account holders to transfer Euros to these approved exchanges, staying in line with regulatory frameworks aimed at curbing financial wrongdoing.
As a result, ING Bank clients can venture into the cryptocurrency landscape with assurance, knowing that their investments are protected and in adherence to all prevailing legal guidelines.
ING Bank, headquartered in Amsterdam, Netherlands, stands as a leading financial institution with a global footprint. Specializing in various banking services such as retail, direct, commercial, investment, and asset management, the bank serves a diverse clientele across multiple countries. As per their most recent update, ING Bank boasts an impressive US$967.8 billion in assets under management (AUM), underlining its financial strength and stability.
Notably, ING Bank has made strides in integrating technology to offer a seamless, customer-focused banking experience. From cutting-edge mobile apps to comprehensive online banking platforms, ING Bank is committed to innovation and adhering to rigorous financial regulations, making it a dependable choice for individual and corporate clients alike.
To sum it up, while ING Bank may not offer native capabilities for direct cryptocurrency trading, it provides a robust and compliant framework for its customers to engage in digital asset investments through external platforms. Specifically, our research highlights eToro as a leading choice for those using ING Bank for crypto transactions. They not only meet the stringent regulatory criteria set forth by the AFM and other European bodies but also offers a competitive fee structure and a diverse asset portfolio.
If you're an ING Bank customer looking to dive into the realm of cryptocurrency, you can do so confidently by transferring Euros to approved exchanges such as eToro. This ensures you’re navigating the crypto marketplace in a manner that's both financially and legally safeguarded.