Summary: iDEAL doesn't offer the feature to buy cryptocurrencies directly through its payment service. For those keen on crypto investments, the recommended step is to create an account with a dependable and well-regulated trading platform and start by transferring Euros via iDEAL.
Our top pick for investors is eToro. It's regulated by top-tier financial authorities like De Nederlandsche Bank. eToro offers a broad asset range, including more than 3,000 cryptocurrencies, stocks, and ETFs, all at fair fees. Moreover, eToro supports Euro deposits through iDEAL, making it a convenient option for those who like this payment method.
- De Nederlandsche Bank N.V. (“DNB”) registered broker with over 30 million users.
- Buy, sell and trade over 3,000 Cryptocurrencies, Stocks, ETFs and more.
- Fast and low-fee EUR deposits via Bank Transfer, SEPA, iDEAL, Credit Card and more.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Can I Buy Bitcoin with iDEAL?
Yes, you can use iDEAL to transfer Euros from your bank to certified crypto exchanges in the Netherlands. Once the money is in your account on the chosen platform, you can buy Bitcoin or other cryptocurrencies. Keep in mind, the platform doesn't sell digital assets itself. It just helps you pay securely. If you're interested in crypto, make sure to choose an exchange that is regulated by trustworthy financial authorities like De Nederlandsche Bank in the Netherlands.
How to Buy Bitcoin and Crypto with iDEAL
Investing in Bitcoin, Ethereum, or other digital currencies is a smooth and secure experience when you use iDEAL as your payment method. We highly recommend eToro as your go-to platform for crypto investments. eToro is regulated by top-tier financial authorities and offers an extensive selection of assets, including over 3,000 cryptocurrencies, stocks, ETFs, and more. Additionally, eToro supports quick deposits in Euros directly via iDEAL, along with competitive transaction fees.
Here's a quick guide to get you started:
- Sign Up: Begin by setting up your eToro account and go through the identity verification process.
- Choose Currency: From your dashboard, pick Euros as the currency you'll use for transferring funds via iDEAL.
- Complete Deposit: Follow the payment instructions provided by eToro to complete your deposit.
- Buy Crypto: Once your account is funded, go to the crypto you're interested in and complete your purchase.
iDEAL Cryptocurrency Policy
iDEAL is a crypto-friendly deposit method that is open to new financial tech like cryptocurrencies. While you can't buy digital coins directly through iDEAL, it's super easy to move your Euros to trustworthy crypto trading platforms. We recommend checking out eToro for this. eToro is overseen by reputable financial regulators, including De Nederlandsche Bank in the Netherlands.
Going with eToro gives iDEAL users a wide variety of investment choices, like more than 3,000 cryptocurrencies, stocks, ETFs, and more. Plus, eToro's fees are competitive, and you can deposit Euros right from iDEAL, making it a convenient and affordable option for those who like using this payment method.
About iDEAL
iDEAL is an online payment gateway allowing users to pay securely through their own bank. Compatible with leading banks like ABN AMRO, ING, and Rabobank, iDEAL simplifies online transactions.
To pay, users pick their bank from a list, get redirected to their bank's interface to enter the payment amount, and then confirm. Once approved, they're returned to the merchant's site to complete their purchase. This approach not only simplifies the payment process but also instills a sense of familiarity and trust, as consumers interact with their bank's established online system.
Final Thoughts
In summary, although you can't buy cryptocurrencies directly through iDEAL, the service is an efficient and secure way to transfer Euros to your preferred crypto trading platforms. For a seamless experience, consider using eToro, which is regulated by top financial authorities and offers a wide range of assets, making it a solid choice for investors.
Full-time writer and cryptocurrency newbie! Learning about NFTs, DeFi and GameFi with my research and writing for BuyBitcoinBank.
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