Summary: bunq bank doesn’t offer customers the chance to buy cryptocurrencies on its own platform. Instead, bunq customers can connect their banking accounts to a reputable online broker or a crypto exchange to purchase digital assets like Bitcoin (BTC) and Ethereum (ETH).
In short, to buy crypto with bunq, investors in Europe will need to sign up with a third-party trading platform first and deposit EUR from their bunq account. For this, we recommend going through a crypto-friendly multi-asset investment platform, eToro. After analyzing multiple other exchanges, we found it to be the best choice for bunq customers, as it is widely trusted, offers low trading fees, has a large selection of crypto coins, and is already trusted by over 2.5 million active users.
Best Crypto Exchange for Intermediate Traders and Investors
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Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.
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0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
Can you buy crypto with bunq?
You can buy crypto with bunq, but you must first connect to a licensed exchange that offers cryptocurrencies. As mentioned above, this is because bunq does not provide direct access to cryptocurrency services through its online banking platform.
How to buy crypto with bunq?
The best way to buy Bitcoin or any other cryptocurrency with bunq is through an upstanding broker like eToro, which is a widely trusted multi-asset investing platform with over 70 cryptocurrencies and unique features such as “Copy Trading” (enables users to imitate top-performing crypto traders), a custom watchlist, as well as advanced charts and technical analysis tools.
How to buy crypto with bunq online banking: Step-by-Step
You can get started in minutes with four simple steps:
- Step 1: Create an account on eToro and complete your verification (personal or company);
- Step 2: Enter the EUR amount you want to deposit on the eToro platform;
- Step 3: Connect your bunq online account to deposit your selected fiat currency;
- Step 4: The final step is to find the cryptocurrency you want to purchase and execute your trade.
Disclaimer: Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Take 2 mins to learn more.
Best Crypto Exchange for Intermediate Traders and Investors
-
Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.
-
0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
About bunq
bunq is a Dutch neobank headquartered in Amsterdam. The challenger bank offers a comprehensive range of banking services to clients across 30 European countries. Following a €193 million investment in 2021 that led to a valuation of €1.6 billion, the company achieved unicorn status. Furthermore, in March 2023, with the rollout of several new features, bunq bank became the first neobank in the EU to report a quarterly profit.
It is worth noting that Bunq is the sixth-most-popular digital bank in Europe. According to our research from March 2023, the challenger bank’s app had almost 1 million downloads times in 2022.
bunq bank, ranking sixth, comes just after Monese in the fifth position and Starling Bank in the fourth with 1 million and 1.6 million downloads, accordingly. The top-ranking bank in the list is Revolut, with an impressive 17 million downloads, followed by Monzo, with 3.6 million downloads.
Services offered by bunq include:
- Personal banking: Various account options, multiple European IBANs, instant payments, 16 different currencies;
- Business banking: Various account options and business tools, including budgeting and bookkeeping;
- Wealth management: Investment portfolio options according to your risk tolerance and educational resources.
bunq’s crypto policy
bunq bank is supportive of crypto-related activities through brokers that comply with relevant financial regulations.
bunq has an online forum for customer discussions called ‘bunq Together’ for its customers to ask questions, find answers, and share experiences as part of the bunq community. In 2021, a community moderator commented on their take on cryptocurrencies as:
“To keep your money safe, we make an individual assessment of each company based on our acceptance policy and risk appetite. All crypto activities are considered high risk for us, however we are willing to accept some types of activities.”
How to buy crypto safely
As a relatively new and untested territory, cryptocurrency markets are highly speculative, and little regulatory framework exists for their trading globally. Fortunately, there are steps you can take to ensure you’re staying safe when investing in crypto.
Tips for getting started with crypto
Here are a few essential guidelines for getting started with digital assets and how to best protect yourself and your money:
- Research the cryptocurrency you want to buy: Make sure you understand how it works and what the risks are;
- Only use a safe device: Avoid public computers and Wi-Fi networks. Instead, use your personal computer with a VPN, which helps establish a secure connection between you and the web, keeping your sensitive information safe;
- Choose a reputable exchange: Ensure the exchange has a license from the appropriate regulators in your country and has a solid track record. Study the exchange’s user terms and agreements carefully to learn more about where your money is kept and what happens to your funds if the business goes bankrupt. You may also want to scour through user reviews to catch any red flags;
- Secure your account: Use two-factor authentication and a strong password to protect your account;
- Use a secure wallet: Store your cryptocurrency in a secure wallet to protect it from hackers. You can opt for either a hot (online) or cold (offline) wallet. To choose the right one for you, make sure to check out our in-depth guide on crypto wallets;
- Don’t invest money you can’t afford to lose: Because the crypto market can be so volatile, you need to be conservative with your investments, particularly when starting out. For more investing tips, take a look at our guide on investing mistakes to avoid;
- Monitor your investments: Keep an eye on the market and be aware of any changes in the price of the cryptocurrency you’re investing in.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy crypto with bunq:
How to buy crypto with bunq?
You can’t buy crypto with bunq directly through its platform. However, you can deposit your money to a licensed third-party trading platform that offers cryptocurrencies.
Can you buy crypto with bunq?
While the bank doesn’t offer crypto trading directly through its own platform, you can buy crypto with bunq. Customers can connect their bunq accounts to a regulated cryptocurrency exchange to buy digital assets.
What crypto exchanges does bunq allow?
Customers can deposit funds from their bunq accounts to licensed crypto brokers, such as eToro.
Is bunq crypto-friendly?
bunq’s crypto policy allows its customers to use their accounts to buy, sell and trade digital assets through regulated exchanges.
Best Crypto Exchange for Intermediate Traders and Investors
-
Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.
-
0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
