How to Buy Crypto with Bunq

How to Buy Crypto with Bunq

Want to buy crypto with Bunq Bank? Get step-by-step instructions and understand the associated fees in this comprehensive guide.

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

Summary: Bunq does not provide direct cryptocurrency trading features on its web or mobile banking platforms. However, Bunq's users can invest in digital assets by transferring Euros from their accounts to a regulated exchange in accordance with the laws established by Dutch Authority for the Financial Markets (AFM) and similar European agencies.

Our study identifies eToro as an excellent option for Bunq Bank users. Aligning with the standards dictated by authorities like the AFM, eToro stands as a secure platform for effortless Euro transfers from Bunq and various European banks. Inside eToro, clients find access to a vast portfolio of over 3,000 crypto assets, stocks, ETFs, commodities and other products.

Top Platform for Bunq Bank
5.0 out of 5.0 by Datawallet
eToro is the optimal choice for Bunq Bank users due to its compliance with European financial agencies, ensuring secure and efficient Euro transfers, and providing access to a vast portfolio of over 3,000 crypto assets and other financial instruments.
Licensing & Regulation
AFM, the FCA, CySEC and other Tier-1 Regulators
Available Assets
70+ Cryptos and 3,000 other assets
EUR Deposit Methods
Bank Transfer, SEPA, iDEAL, 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.

Content Guide

Can I Buy Crypto with Bunq Bank?

Yes, you can acquire Bitcoin, Ethereum, stablecoins, and a diversity of other digital currencies through Bunq Bank, utilizing your Bunq account, debit card, or other payment modes including SEPA and iDEAL. Investors interested in obtaining cryptocurrencies need to register with a cryptocurrency exchange in the EU that facilitates Euro transactions through your preferred payment method. While Bunq doesn't manage cryptocurrency transactions directly, it offers a modern banking platform that enables purchases via third-party exchanges.

How to Buy Bitcoin and Crypto with Bunq

The most efficient way to purchase cryptocurrencies with a Bunq account is via an AFM-approved platform such as eToro. As a regulated exchange, eToro allows investors to quickly deposit Euros (EUR) from their accounts using various payment options, including SEPA bank transfers, Bunq Bank Cards, and others. eToro provides access to over 3,000 assets across cryptos, stocks, ETFs, and more, all with competitive fees.

Here's an easy-to-follow 4-step guide to help you get started:

  1. Create a free account on eToro and complete the onboarding process.
  2. Select the 'Deposit Funds' button on the bottom left of your screen.
  3. Tap 'EUR' and your payment method, then send funds from Bunq Bank.
  4. Complete the deposit and open the search bar to buy your desired token.
Buy Crypto with Bunq Bank

What are the Fees?

When diving into the world of Bitcoin and cryptocurrency investments, it's imperative to understand the main fees and costs that might be incurred. These can encompass deposit fees, withdrawal fees, trading commissions, and the price spreads.

Among a myriad of platforms accessible for cryptocurrency enthusiasts, eToro stands out due to its cost-efficient approach. Specifically for Bunq bank account holders, eToro offers cost-effective Euro (EUR) deposit options via SEPA transfer and competitive trading commissions. The platform adopts a variable spread fee, typically in the ballpark of 1%, which is noticeably more economical when contrasted with platforms like Coinbase, where spread fees might climb beyond 2%.

Is Bunq Crypto-Friendly?

Bunq facilitates its users' engagement with cryptocurrencies, allowing transactions with platforms that are recognized and supervised by the Dutch Authority for the Financial Markets (AFM) and comparable European entities like the Cyprus Securities and Exchange Commission (CySEC). This measure allows Bunq Bank customers to transfer Euros from their accounts to these accredited platforms, aligning with legislations designed to prevent financial malfeasance.

Consequently, customers of Bunq Bank can explore the realm of cryptocurrencies with confidence, secure in the knowledge that their investments are safeguarded and in compliance with all established legal protocols.

Bottom Line

In conclusion, for Bunq Bank customers eager to venture into the dynamic world of cryptocurrency investments, there exists a secure and compliant pathway. Though Bunq does not facilitate direct cryptocurrency transactions, it has fostered an environment that encourages safe digital asset investments by partnering with regulated platforms like eToro.

This well-established platform aligns with the guidelines set by authoritative bodies such as the AFM and the Cyprus Securities and Exchange Commission, offering users an expansive portfolio encompassing over 3,000 assets. With a user-friendly interface, cost-effective fee structures, and various payment options, including SEPA transfers, eToro emerges as a reliable and efficient gateway for Bunq Bank customers to delve into cryptocurrency investments.

Frequently Asked Questions

Got More Questions? We've Got Answers.
A Guide to Commonly Asked FAQs.

What kind of crypto exchange should I use with Bunq Bank?
Is Bunq Bank friendly toward digital assets?
What costs should I consider when purchasing cryptocurrencies?