Crypto Banks
How to Buy Crypto with SNS Bank

How to Buy Crypto with SNS Bank

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.

Table of Contents

Best Crypto Exchange for SNS Bank Users

Platform Highlights

  • 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.
Bybit - SNS Bank
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Audited Proof of Reserves
Audited Proof of Reserves

SNS Bank Cryptocurrency Policy

At the moment, SNS Bank does not offer cryptocurrency investing services. The bank is currently working on developing a project that will enable customers to buy, sell and store cryptocurrencies in their SNS Bank accounts. However, until further notice, customers are unable to send or receive any digital assets from or to their accounts.

If you want to buy cryptocurrencies with the funds in your SNS bank account or card, we recommend using Bybit. Bybit is a global cryptocurrency exchange with over 10 million registered users in 180 countries. It offers both Dutch customer support and the platform can be used in Dutch. To learn more about this exchange, visit our detailed Bybit Review.

How to buy Bitcoin with SNS Bank

If you are looking to invest in Bitcoin and other cryptocurrencies like Ethereum and Solana on the SNS online banking platform, you are out of luck. The only way to buy crypto with SNS is by going through a secure digital-asset exchange like Bybit. Bybit offers free EUR deposits for SNS Bank via Credit/Debit Card, Bank Transfer, SEPA, Wise, Revolut, Paysera, Google Pay, and Maestro. Follow the steps below to get started.

  1. Sign up to Bybit with your email address and password (KYC information is not required).
  2. Select the fiat currency you want to spend and the cryptocurrency you want to purchase.
  3. Choose the payment method you want to deposit your funds from SNS Bank with.
  4. Complete the transaction and the cryptocurrency will arrive in your account immediately.
How to buy Bitcoin with SNS Bank.
How to buy Bitcoin with SNS Bank.

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%.
Bybit: Fees Schedule.
Bybit: Fees Schedule.

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

At the moment, SNS Bank does not offer any direct services for buying and selling cryptocurrencies. However, customers can use an exchange like Bybit to invest in digital assets using their existing SNS Bank account. Bybit is one of the only exchanges with proof-of-reserves showing customer funds are held 1:1. This provides a secure way to invest in crypto without having to worry about security breaches.

Dylan Matthews

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.

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