How To Buy Crypto with ING Bank

    • James Page

James HeadshotAuthor: James Page - Last Updated on June 28, 2022

Summary: Banks generally don’t offer crypto trading as part of their platform due to the regulations and complexities that come with setting up a cryptocurrency trading platform. However, that doesn’t mean you can’t use your ING Bank account to buy crypto.

All you need is a reliable and trusted crypto trading platform. We recommend using eToro as it’s a very well-known exchange (rated 4.2/5 with over 15000 reviews) with a good amount of cryptocurrencies to choose from and great support.

Buy Crypto with eToro

How to buy crypto or bitcoin with ING Bank

As stated above, just like with the vast majority of Australian banks, you can’t buy crypto with ING Bank on their platform. At the time of writing, banks aren’t implementing crypto trading platforms yet, seemingly because of the extra regulations they need to adhere to, in addition to other complexities when it comes to setting up a crypto exchange.

However, there are many crypto trading platforms that you can use for buying bitcoin and other cryptocurrencies.

1. Choose a crypto trading platform

While there are a lot of cryptocurrency trading platforms, it can get a bit tricky comparing them all as they all offer very similar features. The differentiating factors are mainly fees, the amount of digital assets to choose from, and any special features that the other exchanges don’t have.

The reason we recommend going with eToro is that they have a great combo of global reach (a lot of exchanges only work within specific GEOs), competitive fees, and a few very neat features (like “Copy Trading”, which allows you to copy the trades of other investors on the platform).

Let’s get into it!

etoro crypto

2. Create an account on the exchange

The first thing to do is to create an account on the exchange and go through the required verification processes, which should go very smoothly as they’ve got it all streamlined.

Sign Up with eToro

eToro sign up form

3. Transfer funds into the account

Transferring funds from your ING Bank account is also pretty easy as eToro supports bank transfer, PayPal, credit/debit card, and a few more deposit methods.

4. Buy crypto

Once the funds are in the account, you can navigate to their markets section, choose your cryptocurrency and hit the buy/trade button.

And that’s it, you now have some crypto, congratulations!

Buy Crypto with eToro

 

 

About ING Bank

The ING Group is a Dutch multi-national banking and financial services company based in Amsterdam. Its principal businesses include direct banking, retail banking. commercial banking. investment banking. wholesale banking. private banking. asset management. and insurance services. With assets totalling US$1.1 trillion, it ranks among the 30 largest banks worldwide. It is ranked among the top ten most profitable European companies based on revenue.

ING is the Dutch representative of the Inter-Alpha Group of Banks. It is a cooperative group of 11 European banks. Since 2012, ING Bank has been a member on the Global Systemically Important Banks List.

In 2020, ING had 53.2 millions clients in more than 40 nations. The company is a part of the Euro Stoxx 50 Stock Market Index. The company's long-term liabilities as of December 2019 were EUR150 billion.

ING is an acronym for Internationale Nederlanden Groep. The 'International Netherlands Group'. The logo of ING includes an orange lion, which is a nod to its Dutch heritage.

Two major Dutch insurance companies and the Dutch government's banking services are the roots of ING Group. In 1991 the insurance branch of Nationale-Nederlanden and the banking branch of "NMB Postbank Groep" merged. NMB stands for "Nederlandsche Middenstands Bank".

1845 saw the foundation of the fire insurance company Assurantie Maatschappij tegen Brandschade de Nederlanden van 1845 ("Fire Insurance Company of the Netherlands of 1845") It quickly grew to become the most important Dutch insurance company with branches in other countries (139 worldwide by 1900). Later, the name was changed to "De Nederlanden van 1845". Rotterdam was home to the Nationale Levensverzekerings Bank, which was founded in 1863. These two insurance companies made multiple acquisitions, and in 1963 merged to form the Nationale-Nederlanden insurance company. Nationale-Nederlanden expanded significantly during the 1970s and 1980s.

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