Summary: Bunq Bank doesn't allow customers to buy cryptocurrencies like Bitcoin or Ethereum directly from their online banking platform. Customers will need to deposit money from their Bunq account into a regulated digital asset exchange to purchase cryptocurrencies.
Bybit is a recommended option for customers looking for a secure and reliable exchange. Bybit is a global cryptocurrency exchange that doesn't require KYC and offers proof-of-reserves to show customer funds are backed 1:1. Additionally, Bybit offers free deposits for Bunq bank users and a low 0.1% trading fee.
Best Crypto Exchange in Netherlands
- Free and instant Euro (EUR) deposits from any Dutch Bank via SEPA Transfer or iDEAL.
- Trade 400+ cryptocurrencies with low fees starting at 0.1% for Spot and 0.075% for Futures.
- Non-KYC exchange with proof-of-reserves that show customer funds are backed 1:1.
Can I buy Crypto with Bunq Bank?
Bunq Bank does not offer any crypto products or services through its online banking portal. Bunq has not announced any plans in the near future to support crypto infrastructures like custody or exchanges. However, their platform does allow you to deposit funds into a secure cryptocurrency exchange in the Netherlands.
How to buy Crypto with Bunq
As previously mentioned, the best and fastest way to buy Crypto with Bunq is through Bybit. Bunq Bank users can deposit EUR to Bybit via a variety of payment methods including Credit Card, Debit Card, Paysera, Google Pay, Bank Transfer, SEPA, Wise, Revolut, and Maestro. To get started, follow this simple guide:
- Open a free account on Bybit with your email address (ID verification not required).
- Find the fiat currency you want to use (EUR) and the cryptocurrency you want to buy.
- Select the deposit method you want to deposit Euros with.
- Complete the transaction and the tokens will arrive in your account immediately.
Is Bunq Bank Crypto-Friendly?
Bunq Bank is considered a crypto-friendly bank as it allows users to freely buy and sell digital assets. The only relevant crypto policy under Bunq Bank's banking terms and conditions are that users must engage with secure cryptocurrency trading platforms. This is why we recommend trading platforms like Bybit, or equivalents that are transparent about their funds and provide detailed proof-of-reserves.
About Bunq Bank
Bunq is a Dutch online bank that was founded in 2015 by Ali Zamir and is headquartered in Amsterdam, Netherlands. Bunq Bank offers mobile banking services that allow users to manage their finances on the go. The app provides features such as balance updates, transaction history, account management, and more.
Bunq also offers a debit card that can be used to make purchases online and in-store. The digital bank is available in the Netherlands, Belgium, Germany, France, Spain, Italy, and Portugal. Bunq has over 3 million users as of 2022 and is one of the fastest-growing neobanks.
Although Bunq does not offer any crypto products or services through its online banking portal, users can buy and sell digital assets by depositing EUR to secure cryptocurrency exchanges in the Netherlands. The most secure and affordable exchange for Bunq users is Bybit. If you are interested in learning more about the platform and its features, visit our detailed Bybit Review.
Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.