How to buy Crypto with Belfius Bank

Can I buy Cryptocurrencies with Belfius Direct Net?

The short answer is yes. Belfius account holders can transfer Euros (EUR), GBP and other fiat currencies from their direct net account to a regulated crypto exchange if they want to buy cryptocurrencies. With this method, you can transfer funds via SEPA bank transfer, debit card or credit card in Belgium or abroad in Europe.

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How to Buy Crypto with Belfius Online

The easiest way to start investing in digital assets is through a trusted exchange like Uphold. They offer cheap and instant deposits from Belfius Bank to trade over 200 cryptocurrencies and thousands of stocks, ETFs, metals and other assets. Their platform charges zero fees on trading and also allows users to stake like Bitcoin or Ethereum to earn up to 25% interest.

You can get started in 4 simple steps:

1. Sign up to the Uphold platform and verify your identity.
2. Connect your Belfius Bank account to Uphold by selecting the 'Link a bank account' button on your dashboard.
3. Deposit EUR via Bank Transfer, Debit Card or Credit Card from Belfius Bank.
4. Find the crypto you want to buy (over 200) and execute your trade.

Is Belfius Bank Crypto-Friendly?

In terms of its attitude towards cryptocurrencies, Belfius has taken a cautious approach. The bank does not currently allow its customers to buy or sell cryptocurrencies directly through its platform. However, the bank has said that it is "monitoring the development of cryptocurrencies" and is "open to the idea of offering services related to cryptocurrencies in the future."

This suggests that Belfius is not currently opposed to cryptocurrencies, but is simply taking a wait-and-see approach. It is possible that the bank may eventually offer crypto-related services, but for now, it is not clear what those services might be. Overall, Belfius appears to be a crypto-friendly bank.

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What are the Fees to Buy Crypto?

The costs associated with buying crypto through Belfius Bank will depend on the specific cryptocurrency exchange you choose. Generally, fees may include deposit fees, trading fees, and withdrawal fees. When transferring funds from Belfius Bank to a regulated digital currency exchange like Uphold EU, you might face fees tied to bank transfers, debit cards, or credit cards. Thankfully, Uphold provides zero fees for bank transfers and zero commissions on trading, establishing it as the most economical platform in Europe.

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About Belfius

Belfius, previously known as Dexia Bank Belgium, is a Belgian bank with its headquarters in Brussels. The company provides retail banking, commercial banking, and investment banking services to individuals and businesses. It has a network of branches throughout Belgium.

Belfius was founded in 1994 as a result of the merger of two Belgian banks, Dexia and Bank Cardif. The bank has been through a number of name changes over the years, from Dexia Banque Belgium to Dexia Bank Belgium, and then to Belfius in 2011. Belfius is majority owned by the Belgian government, with a 61% stake in the bank. The remaining shares are traded on the Brussels Stock Exchange.

Final Thoughts

In conclusion, Belfius Bank does not currently support direct cryptocurrency investing through its online platform, but it does allow customers to transfer funds to ESMA-licensed crypto-brokers, such as Uphold, for trading over 200 cryptocurrencies and staking them to earn interest. Uphold offers fast and affordable bank transfers, zero fees on trading, and supports a variety of assets.

Although Belfius has not yet introduced crypto-related services, the bank's cautious approach and openness to future offerings suggest it is crypto-friendly. For now, Belfius customers can invest in digital assets through trusted exchanges like Uphold.