Bitcoin
BTC
$
00000.00
-0.00%
Ethereum
ETH
$
00000.00
-0.00%
Solana
SOL
$
00000.00
-0.00%
XRP
XRP
$
00000.00
-0.00%
Dogecoin
DOGE
$
00000.00
-0.00%
ChainLink
LINK
$
00000.00
-0.00%
Binance Coin
BNB
$
00000.00
-0.00%
Cardano
ADA
$
00000.00
-0.00%
Litecoin
LTC
$
00000.00
-0.00%
Ordinals
ORDI
$
00000.00
-0.00%
Polygon
MATIC
$
00000.00
-0.00%
Optimism
OP
$
00000.00
-0.00%
Arbitrum
ARB
$
00000.00
-0.00%
Polkadot
DOT
$
00000.00
-0.00%
Avalanche
AVAX
$
00000.00
-0.00%
Sui
SUI
$
00000.00
-0.00%
Ethereum Classic
ETC
$
00000.00
-0.00%
FileCoin
FIL
$
00000.00
-0.00%
Celestia 
TIA
$
00000.00
-0.00%
Injective
INJ
$
00000.00
-0.00%

Key Takeaway

ING Bank aligns seamlessly with European financial standards to ensure secure dealings with approved cryptocurrency platforms. This initiative underscores the bank's commitment to offering its customers a reliable and safe way to invest in this emerging asset class.

For those seeking to diversify their investment portfolio, eToro stands out with its vast selection of over 4,500 cryptocurrencies, stocks commodities, and ETFs. eToro accepts deposits in EUR from ING Bank accounts and credit cards, presenting a simple solution for investors.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro Europe
eToro Europe

This review and rating adhere to our editorial policy and the the research methodology of StacksOnChain analysts, guaranteeing the accuracy and reliability of our reports.

Rating
9.8

Supported Assets

4,500 Cryptocurrencies, Stocks, ETFs and more.

Trading Fees

0% Fees and Variable Spread (1%).

Can I Invest in Crypto with ING Bank?

ING Bank empowers its clients to venture into the digital currency space by enabling the transfer of funds to exchanges authorized by European financial regulators, thus providing a secure investment landscape in line with Europe's stringent regulations.

It's important to note that ING Bank does not integrate a digital asset wallet within its banking services. For the secure acquisition and management of tokens like Bitcoin, it's recommended to utilize a reputable European cryptocurrency platform adhering to strict regulatory standards.

How to Buy Crypto with ING Bank

ING Bank facilitates the purchase of cryptocurrencies by supporting fund transfers to compliant exchanges, ensuring transaction security. Platforms like eToro, which adhere to European regulations, are trusted avenues for depositing EUR through various methods, including bank transfers, SEPA transactions, and credit card payments.

  1. To get started, sign up and verify your eToro account using your personal details. 
  2. Navigate to 'Deposit Funds,' choose your preferred payment method, and proceed with a transfer from your ING Bank account. 
  3. Utilize the search feature to find the cryptocurrency you're interested in and select 'Trade.' 
  4. Enter the investment amount and confirm your purchase by clicking 'Open Trade.'

Does ING Bank Block Crypto Transactions?

ING Bank facilitates transactions to regulated investment platforms within Europe, supporting the dynamic ecosystem of digital currencies. The bank ensures safe fund transfers to cryptocurrency exchanges that comply with regulatory standards, thereby fostering secure digital asset transactions.

The bank promotes interactions with platforms that rigorously follow KYC and AML procedures in accordance with the De Nederlandsche Bank N.V. (DNB) or the Cyprus Securities Exchange Commission (CySEC) regulations. This highlights ING’s dedication to safeguarding financial transactions in the crypto sector.

Digital Asset Investing Fees

Grasping the fees involved in using a digital asset exchange is essential for the seamless operation of platforms like eToro. Here's a breakdown of eToro's prices:

  • Funding Costs: Adding funds to your eToro wallet might attract certain charges. For example, deposits in USD dodge this fee entirely. For currencies like EUR, you're looking at fees from 1.5% to 3%.
  • Withdrawal Charges: eToro charges a set $5 fee for withdrawing fiat currencies. Digital currency withdrawals fluctuate in cost depending on the network congestion at the time.
  • Trading Fees: Each trade on eToro incurs a 1% fee alongside a spread, which is the difference between the buying and selling prices of an asset. This spread can vary across different assets.

For avid traders and investors, eToro's tiered membership system is a game-changer, offering reduced fees and dedicated account managers among its benefits.

Closing Thoughts

In conclusion, ING Bank's strict compliance with European financial regulations and its collaboration with platforms like eToro provide a secure pathway for clients interested in the cryptocurrency market. Although direct trading services are not provided, ING Bank ensures the safe transfer of funds to regulated exchanges, reinforcing its role as a dependable banking partner in the realm of digital investments.

Author

Nick Ng is a skilled analyst at StacksOnChain with expertise in both cryptocurrencies and traditional finance. His research offer valuable insights into market trends and investment opportunities for readers.

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