How to Buy Crypto with Bunq

Can I Buy Crypto with Bunq Bank?

Yes, Bunq allows its customers to invest in digital currencies like Bitcoin, Ethereum and Solana. The bank supports participation in the evolving crypto market by approving transactions to Dutch exchanges operating in compliance with the Dutch Authority for the Financial Markets (AFM) regulations. It facilitates Euro transfers through payment options, such as iDEAL, bank transfers, IBAN and credit or debit cards.

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How to Buy Crypto with Bunq

Bunq users can explore cryptocurrency investments through eToro, a platform compliant with AFM regulations. eToro enables EUR deposits through both bank and card transfers plus digital wallets. With a diverse portfolio of over 4,500 assets, including cryptocurrencies, stocks, commodities and ETFs, eToro offers varied investment opportunities for Dutch traders.

Bunq customers can follow this guide to begin investing in digital currencies:

1. Account Creation: Register an eToro account and complete all necessary verifications.
2. Depositing Funds: Go to the 'Deposit' area, typically found in the lower-left corner of the interface.
3. Choose Currency and Payment: Select 'EUR', pick your deposit method and transfer funds from your Bunq account.‍
4. Invest in Cryptocurrency: After depositing, use the search tool to find and invest in cryptocurrency of your choice.

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What are the Fees?

Bunq customers considering cryptocurrency investments should understand the related fees. These often consist of charges for deposits and withdrawals, trading commissions, and the spread, which is the cost difference between buying and selling cryptocurrencies.

eToro is an affordable option thanks to its low cost Euro deposit methods that align well with Dutch banking practices and competitive trading fees, employing a variable spread fee model. Their spread fees hover around 1%, typically more favorable than other platforms such as Coinbase, where spreads can surpass 2%.

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Is Bunq Crypto-Friendly?

Yes, Bunq demonstrates a crypto-friendly stance. The bank enables customers to transfer funds to secure, regulated cryptocurrency exchanges. This aligns with the Dutch Central Bank (DNB) and the Dutch Authority for the Financial Markets (AFM) guidelines, reflecting the Netherlands' progressive approach to digital currencies.

Bunq's support for transactions to compliant crypto platforms indicates its commitment to integrating digital currencies into traditional finance. The bank's approach mirrors evolving regulations, including the EU Markets in Crypto-Assets Regulation (MiCAR), ensuring regulatory compliance and offering its customers access to the digital asset market.

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About Bunq

Bunq Bank, founded in 2012 by Ali Niknam in the Netherlands, is an innovative digital bank that aims to simplify traditional banking experiences. Known for its user-friendly mobile app, Bunq provides a full range of banking services including personal and business accounts, savings, and investments. It has a serious commitment to sustainability, introducing features like the ability to plant a tree for every €100 spent with Bunq Green Cards.

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Bottom Line

In conclusion, Bunq allows its clients to engage in cryptocurrency investments through platforms like eToro. With competitive fees, a variety of investment options, regulatory compliance and a multilingual interface available in English and Dutch, eToro is a great choice for those looking to enter the crypto world. It operates in accordance with the AFM and DNB, making it ideal for local traders.