Summary: Rabobank doesn’t offer customers the chance to buy cryptocurrencies on its own platform. Instead, its customers can connect their accounts to a regulated crypto broker to purchase digital assets like Bitcoin (BTC) and Ethereum (ETH).
In short, Rabobank allows its worldwide customers to send funds from their accounts to regulated crypto brokerages and exchanges like eToro, where they can then buy cryptocurrencies.
Can you buy crypto with Rabobank?
It is possible to buy crypto with Rabobank, but you will need to use a third-party brokerage or crypto exchange. This is because Rabobank does not offer such a platform to its customers yet, but it does support funds transfer to well-regulated and licensed exchanges.
How to buy crypto with Rabobank?
The best way to buy cryptocurrency with your Rabobank account is to use a regulated broker in your local jurisdiction. One leading crypto broker and exchange that you can use is eToro. It offers a host of features ideal for crypto investors, including copy trading, a feature that enables users to imitate top-performing traders.
Additionally, with eToro, users get access to more than seventy different digital assets to invest in by either trading, staking, holding, or sending to external cryptocurrency wallets.
How to buy crypto with Rabobank: Step-by-Step
You can get started in minutes with four simple steps using eToro as an example:
- Step 1: Create an account on the eToro platform and complete your identity verification (personal or company);
- Step 2: Navigate to the funding section, and initiate a new transaction to deposit fiat currency (USD, EUR, CHF, etc.) from your Rabobank account or card;
- Step 3: Connect your Rabobank account or payment card (debit or credit card) to eToro from within the funding section. Then initiate the transaction;
- Step 4: Navigate to eToro’s asset marketplace, locate the crypto you want to buy, and purchase it.
About Rabobank
Rabobank is a Dutch cooperative banking and financial services company headquartered in Utrecht, Netherlands. For more than 125 years, the bank has strived to offer services within the food and agribusiness sector, promoting farm growth and economic prosperity.
Today, the Rabobank Group has a presence in 38 countries across Europe, Australia, Asia, Africa, and the Americas. In the Netherlands alone, it serves more than 9 million customers and millions more in the rest of the world.
The bank has previously reported net profit figures of 3.7 and 2.6 billion Euros in 2021 and 2022, respectively.
Rabobank’s customers have access to the following retail and corporate banking services:
- Retail banking – current and savings accounts, insurance, leasing, real estate, asset and trade financing, and cash flow management;
- Business banking solutions – cash, investments, fund management, asset financing, real estate, export, project finance, value chain, structured financing, corporate lending, and mergers and acquisitions, among others.
Rabobank’s crypto policy
Rabobank is a big proponent of blockchain technology and cryptocurrencies. Over the last few years, the bank has established a research arm dubbed the Blockchain Acceleration Lab (BAL), where programmers and specialists collaborate with businesses and startups in various industries to experiment with blockchain and develop projects.
However, despite embracing the blockchain, it does not support a crypto investment platform.
How to buy crypto safely
The growing popularity of cryptocurrency over the last decade has attracted new investors who may not be aware of the multiple crypto investment pitfalls. Below is a brief guide to point you in the right direction and get you investing in digital assets the right way.
Step 1 – Learn about cryptocurrencies and blockchain
The first step to becoming a successful crypto investor is to educate yourself. Read online guides about investing and cryptocurrencies and keep up with the crypto market news.
Nevertheless, whichever route you pick, you should aim to understand as much as you can about Bitcoin (BTC) and the blockchain ecosystem.
Step 2 – Choose a reputable exchange
Several novice investors have lost their funds to cryptocurrency scams, most resulting from using the wrong exchange. To avoid falling for scams such as crypto rug pulls, research the most ideal platform to use to buy digital assets. Investing using a regulated and licensed platform is the safest platform to use.
Step 3 – Secure your online account
Assuming that you have successfully opened an account with a crypto brokerage or exchange, the next thing to do is to secure your wallet. Some basic tools most platforms provide are passwords and 2-factor authentication (2FA). Enable as many security options as possible before making your first investment.
Step 4 – Choose the safest payment method
The payment method will largely be dictated by which platform you opt for. Online payments are typically safer than offline meetups.
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 Rabobank
How to buy crypto with Rabobank?
You can buy crypto with Rabobank by depositing funds to a licensed third-party trading platform that offers cryptocurrencies.
Does Rabobank allow cryptocurrency?
Rabobank allows buying and investing in cryptocurrencies even though it currently does not provide its customers a platform to do that.
What crypto exchanges does Rabobank allow?
Rabobank customers can deposit funds from their accounts to licensed crypto brokerages and exchanges, like eToro.
What is Rabobank’s crypto policy?
Rabobank’s crypto policy allows its customers to use their accounts to buy, sell and trade digital assets through regulated exchanges.
Is Rabobank crypto-friendly?
Yes, Rabobank is a crypto-friendly bank. Even though it does not offer its customers a platform to buy, sell or trade cryptocurrencies, it still allows them to transfer funds to a third-party broker that supports digital assets.
