Summary: Rabobank doesn't provide direct access to cryptocurrency buying or selling via its online banking platform for clients in the Netherlands or Europe. The bank solely offers conventional banking products and services and does not support any digital-asset investment features.
To purchase crypto using Rabobank, you must register with a regulated cryptocurrency trading platform in Europe and deposit Euros. Based on our analysis, we recommend Bybit as the top choice for Dutch investors since it offers instant Euro (EUR) deposits from Rabobank via iDEAL or SEPA Transfer to trade 400+ cryptos with low fees.
- Free and instant Euro (EUR) deposits for Rabobank account holders.
- Trade 400+ Cryptocurrencies with fees starting from a low 0.1%.
- Non-KYC exchange with proof-of-reserves that show customer funds are backed 1:1.
Can I Buy Bitcoin with Rabobank?
Yes, Rabobank permits its customers to transfer Euros (EUR) and multiple other currencies, from their accounts to any Netherlands-based cryptocurrency exchange that is under the regulation of the Dutch Authority for the Financial Markets (AFM). However, Rabobank does not offer specialized services for immediate cryptocurrency trading or investment through its digital platform. As a result, Rabobank clients are required to engage a AFM-endorsed external exchange for their cryptocurrency dealings.
How to Buy Bitcoin and Crypto with Rabobank
As outline above, the easiest and most secure way to buy Bitcoin and digital assets with a Rabobank account is through a trusted and regulated like Bybit. Bybit supports EUR deposits from Rabobank users through a variety of payment methods including Credit/Debit Card, Bank Transfer, SEPA, Wise, Revolut, iDEAL, Google Pay, and Maestro.
Follow the simple steps below to get started:
- Create a free account on Bybit with your email address (KYC information is not required).
- Select the fiat currency you want to spend and the cryptocurrency you want to purchase.
- Choose the payment method you want to deposit your funds from Rabobank with.
- Complete the transaction and the cryptocurrency will arrive in your account immediately.
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Rabobank Cryptocurrency Policy
Rabobank does not impose rigorous banking regulations that might discourage its customers from purchasing or trading cryptocurrencies. As a result, both local and international customers can confidently conduct transactions involving digital currencies via Rabobank.
However, when facilitating transfers of Euros (EUR) to foreign cryptocurrency exchanges (such as KuCoin or Gate.io), customers must remain cautious. Rabobank maintains the right to freeze assets perceived as suspicious. To ensure a safe and reliable trading experience, customers are recommended to utilize platforms regulated by the Dutch Authority for the Financial Markets (AFM) within the Netherlands.
About Rabobank
Rabobank Group is a Dutch multinational banking and financial services company headquartered in Utrecht, Netherlands. It was founded on 7 March 1898 by 37 farmers from North Brabant and Zeeland in the southern Netherlands as a cooperative bank to promote farm growth and economic prosperity. Today, Rabobank is one of the largest banks in the Netherlands with over 800 branches, providing a full range of banking and other financial services to clients.
The bank has a AAA/Aaa credit rating from Standard & Poor's and Moody's, making it one of the few banks in the world with a perfect credit rating. Rabobank is licensed and regulated by the Dutch Central Bank (DNB) and the European Central Bank (ECB). In terms of total assets, Rabobank Group is the 34th largest bank in Europe.
Final Thoughts
In conclusion, Rabobank does permit its customers to engage in cryptocurrency transactions, albeit indirectly. Customers can transfer funds to regulated, Netherlands-based cryptocurrency exchanges for buying or trading digital assets, with Bybit being a prime example.
It's crucial, however, to remember that while Rabobank supports the cryptocurrency industry, it doesn't offer specialized crypto trading or investment services on its own platform. Customers are recommended to choose an AFM-endorsed exchange for a safer and reliable experience, as Rabobank may freeze transactions deemed suspicious.
Dylan Matthews is the Co-Founder and head of operations at Buy Bitcoin Bank, with a background in engineering and experience as a Prop Trader. He has leveraged his knowledge and skills to build and scale the platform, providing users with a seamless experience for buying and selling cryptocurrency.
