Can I Buy Bitcoin with Rabobank?

Yes, Rabobank customers can purchase Bitcoin by using Dutch crypto platforms that comply with the Authority for the Financial Markets (AFM) regulations. The bank allows transactions to trusted exchanges, provided they meet the necessary regulatory standards. Funding your account is easy through iDEAL, IBAN, bank deposits, SEPA transfers and credit or debit cards.

How to Buy Crypto with Rabobank

Investing in cryptocurrency with Rabobank is simple when using regulated platforms like Kraken, which is registered as a VASP by the DNB (Registration No. R194010). Kraken supports EUR deposits through SEPA, bank transfers, credit cards, debit cards and PayPal.

Follow this guide to buy crypto on Kraken with Rabobank:

1. Create an Account: Visit Kraken’s website and sign up for a new account. To get started, you'll need to complete the Know Your Customer (KYC) verification process.
2. Deposit Euros: In your dashboard, go to the 'Funding' section. Select SEPA as your deposit method and transfer EUR from your Rabobank account.
3. Select Cryptocurrency: Once your funds are credited, browse the cryptocurrencies available on Kraken. 
4. Execute Trade: Enter the amount of cryptocurrency you want to buy, review the transaction details, and confirm the trade.

What are the Fees?

When using an exchange, understanding the fees involved is essential. For Rabobank users, Kraken’s fee structure is quite attractive, as there are no charges for Euro (EUR) deposits made through SEPA transfers.

Kraken also offers competitive trading fees, with spot trading starting at 0.16% and futures trading fees ranging from 0.02% to 0.05%. This is significantly lower compared to platforms like Coinbase, where fees can exceed 2%.

Withdrawal fees vary depending on the cryptocurrency being transferred, so it’s best to review these details in advance to avoid unexpected costs.

Rabobank Cryptocurrency Policy

Rabobank permits its customers to transfer funds to cryptocurrency exchanges registered as Virtual Asset Service Providers (VASPs) with the DNB and comply with European regulations. The bank is aligned with the evolving EU Markets in Crypto-Assets Regulation (MiCA), ensuring its policies meet the highest standards of compliance.

Additionally, Rabobank operates under Dutch regulatory oversight, including the guidelines from the Dutch Central Bank (DNB) and the Authority for the Financial Markets (AFM), which works in tandem with the broader EU frameworks to maintain strong regulatory standards for exchanges and transactions.

About Rabobank

Rabobank is a leading Dutch financial institution known for its cooperative structure and focus on sustainability. With a strong presence internationally, the bank offers a full range of banking services, including retail and corporate banking, with a particular emphasis on the food and agriculture sectors. 

As a socially responsible bank, it prioritizes ethical lending and investment practices, aiming to contribute to economic development while adhering to stringent regulatory standards.

Bottom Line

Rabobank clients can buy cryptocurrencies using Kraken, which complies with Dutch and European regulatory standards. Kraken provides access to over 290 digital assets and supports both spot and futures trading with leverage up to 5x. 

Before you begin, reviewing the exchange’s fee structure is important to ensure it aligns with your financial goals and trading strategy. Being aware of any potential costs will help you maximize the return on your investment.