How to buy Crypto with iDEAL
iDEAL is one of the most popular online payment platforms in the Netherlands. It enables investors to perform direct online transfers from supported banks like ABN, ASN and Rabobank. The best way to buy Cryptocurrencies with iDEAL is through an online broker that supports iDEAL deposits like eToro.
You can follow this simple 4 step guide to get started:
- Step 1: Sign up to eToro EU and verify your identity.
- Step 2: Select the 'Deposit Funds' button on the bottom of your dashboard to transfer fiat from any of the iDEAL Bank participating banks.
- Step 3: Login to your iDEAL Bank account and deposit fiat into the unique deposit details provided to you by eToro.
- Step 4: Once the fiat hits your account, navigate through the eToro trading platform and buy any asset.
Is iDEAL Bank Crypto Friendly?
Yes, iDEAL is crypto-friendly. You can use iDEAL to buy and sell cryptocurrencies on various exchanges. There are also a few ATMs that accept iDEAL payments for Bitcoin purchases. Overall, using iDEAL to purchase cryptocurrencies is a relatively easy process.
iDEAL Cryptocurrency Fees
The iDEAL cryptocurrency fee structure is very simple. For each trade you make, you will be charged 0% fees on the eToro platform. The only fee you will need to consider is the 0.5% spread between the buy and sell price. There are no other fees or hidden costs associated with using iDEAL.
iDEAL is an online payment method that enables consumers to pay online using their own bank. iDEAL is ideal for making purchases on the internet, and is available to customers of the following banks: ABN AMRO, ASN Bank, bunq, Handelsbanken, ING, Knab, Rabobank, RegioBank, SNS Bank, Tridos Bank and Van Lanschot.
To make a payment with iDEAL, consumers simply select their bank from a list of iDEAL-enabled banks and are then redirected to their online banking environment. There, they enter the amount they wish to pay and confirm the payment using their own bank’s familiar online banking interface. Once the payment is completed, consumers are redirected back to the merchant’s website.
iDEAL is a safe and secure way to pay online, as payments are made directly through the consumer’s own bank. iDEAL does not require consumers to set up an account or disclose any personal information.