Summary: SNS Bank does not directly offer any methods for customers in the Netherlands to buy and sell cryptocurrencies. The only method available for SNS Bank account holders to invest in digital assets is by signing up to a cryptocurrency exchange in Europe.
If you are looking to get started quickly, we recommend Bybit because they offer fast Euro (EUR) deposits from SNS to buy, sell and trade over 400 cryptocurrencies. Additionally, Bybit is one of the only exchanges in Europe with proof-of-reserves showing customer funds are held 1:1.
- Free and instant Euro (EUR) deposits for SNS Bank account holders.
- Trade 400+ Cryptocurrencies with fees starting from a low 0.1%.
- Non-KYC exchange with proof-of-reserves that show customer funds are backed 1:1.
How to Buy Bitcoin with SNS Bank
As outlined above, if you are looking to invest in Bitcoin and other crypto assets with SNS Bank, you will need to use a trusted and regulated crypto exchange. Based on our analysis, we recommend the Bybit platform because if offers instant and free Euro (EUR) deposits from SNS via SEPA Transfer, iDEAL, Bank Transfer, Debit Card, Credit Card and other methods to trade over 400 cryptocurrencies.
To help you get started, here is a simple 4-step guide to buying crypto with SNS Bank via Bybit:
- Sign up to Bybit with your email address and password (KYC information is not required).
- Select the fiat currency you want to spend and the cryptocurrency you want to purchase.
- Choose the payment method you want to deposit your funds from SNS Bank with.
- Complete the transaction and the cryptocurrency will arrive in your account immediately.
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Buying Bitcoin Fees for SNS Bank
It’s important to consider the fees involved with buying cryptocurrencies on an exchange. There are typically two fees when investing in cryptocurrencies, it is the deposit and trading fee. Some cryptocurrency exchanges charge more than two depending on their policies.
- Deposit Fee - You’ll be charged this fee when you deposit EUR on the platform, however, Bybit offers free and instant deposits.
- Trading Fee - You’ll be charged this fee to execute a trade, Bybit charges a small 0.1% for spot markets and its maker/taker rebate is 0.01%/0.06%.
SNS Bank Cryptocurrency Policy
SNS Bank in the Netherlands demonstrates a forward-thinking approach to the digital asset ecosystem by permitting its customers to engage in cryptocurrency transactions with regulated exchanges. As a result, customers can confidently buy and sell cryptocurrencies through reputable and well-regulated trading platforms without concerns about their bank accounts being frozen. SNS Bank's cryptocurrency policy reflects their commitment to embracing technological advancements and ensuring customer satisfaction in the rapidly evolving world of digital finance.
About SNS Bank
SNS Bank is a Dutch bank that offers a wide range of banking products and services to both retail and corporate customers. SNS Bank is part of the SNS Group, which also includes the Dutch insurance company ASR Nederland and the Dutch pension fund APG.
The bank has a strong focus on mobile banking and offers a wide range of digital banking services. In addition to traditional banking products and services, SNS Bank also offers a number of innovative financial products and services. These include a mobile payment app, a peer-to-peer lending platform, and a range of investment products.
Final Thoughts
In conclusion, SNS Bank supports its customers in the Netherlands to participate in the digital asset ecosystem through regulated exchanges. Bybit stands out as a recommended platform for SNS Bank account holders, offering fast Euro deposits and a wide variety of cryptocurrencies to trade.
SNS Bank's forward-thinking policy enables customers to confidently invest in digital assets, reflecting their commitment to embracing innovation and ensuring customer satisfaction in the ever-evolving digital finance landscape.
Dylan Matthews is the Co-Founder and head of operations at Buy Bitcoin Bank, with a background in engineering and experience as a Prop Trader. He has leveraged his knowledge and skills to build and scale the platform, providing users with a seamless experience for buying and selling cryptocurrency.
