How to Buy Crypto with ING Bank

How to Buy Crypto with ING Online

You cannot buy or store digital assets with ING Bank because they do not support Cryptocurrency infrastructure like wallets or trading features. ING has not announced any plans in the near future to support Crypto trading directly through its online banking platform.

The easiest way to buy Bitcoin, Ethereum, and other Cryptocurrencies with ING Bank is through Uphold. ING customers can deposit funds to Uphold via a variety of payment methods which include Apple Pay, Google Pay, SEPA, Bank Transfer, and Credit/Debit Card. You can get started in 4 simple steps:‍

1. Open a free account on Uphold with your email and complete the verification process.
2. Connect your ING account or card to Uphold by selecting a fiat currency.
3. You can then select the 'connect bank' button to link your ING account to Uphold.
4. Select the Cryptocurrency you want to purchase and execute your trade.

What are the Fees?

The expenses related to purchasing crypto with ING Bank can vary based on the particular cryptocurrency exchange you opt for. Typical charges may involve deposit fees, trading fees, and withdrawal fees. When moving funds from ING Bank to a regulated digital currency exchange such as Uphold, you may encounter fees tied to bank transfers, debit cards, or credit cards. Fortunately, Uphold offers free bank transfers and commission-free trading, positioning it as one of the most cost-efficient platforms available in Europe for buying and selling cryptocurrencies.

Is ING Bank Crypto-Friendly?

ING Bank is a Crypto-friendly financial institution that allows its customers across Europe, the UK, the USA, and abroad to freely buy and sell Crypto from licensed digital asset exchanges. Its banking policies only state that investors need to avoid off-shore and unlicensed trading platforms like BitMex or Gate.io.

This is why we recommend that you stick to trusted platforms like Uphold which have been licensed by European and US regulators since 2013.

About ING Bank

ING Bank is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, asset management, and insurance services. The Orange Lion on ING's logo alludes to the Group's Dutch origins under the House of Orange-Nassau. ING is an abbreviation for Internationale Nederlanden Groep.

The company was founded in 1991 as a result of the merger of two Dutch banks, NMB Postbank Groep and the original Rotterdamsche Bank, which had been established in the 19th century. It was initially named NMB Postbank Group, but changed its name to ING Group in 1998. The group consisted of several insurance companies with operations throughout Europe, North America, Asia Pacific, and South America.

Final Thoughts

While ING Bank does not provide direct cryptocurrency services, it remains a crypto-friendly institution that allows customers to buy and sell digital assets through regulated exchanges like Uphold. By selecting a licensed platform with low fees, ING Bank customers can confidently invest in over 250 cryptocurrencies without worrying about violating the bank's policies. Uphold stands out as an excellent option, offering zero trading and deposit fees, a wide range of payment methods, and a user-friendly interface for seamless crypto trading experiences.