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 crypto exchange. However, that doesn’t mean you can’t use your Rabobank 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.
How to buy crypto or bitcoin with Rabobank
As stated above, just like with the vast majority of banks, you can’t buy crypto with Rabobank 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, luckily for us, there are plenty of cryptocurrency exchanges to choose from that you can use to buy bitcoin or any other cryptocurrency you might want.
1. Choose a crypto trading platform
While there are a lot of crypto 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!
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.
3. Transfer funds into the account
Transferring funds from your Rabobank 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!
Rabobank is also known as Cooperatieve Rabobank U.A. It is a Dutch multinational financial services and banking company with its headquarters in Utrecht. The group is made up of 89 Dutch Rabobanks, a central organisation (Rabobank Nederland), as well as many specialist international offices and subsidiary companies. Rabobank Group is primarily focused on international food and agribusiness. Rabobank, the Netherlands' second-largest bank by assets, is also the largest.
An unprofessional trading practice that involved manipulation of LIBOR currency rate rates across the globe resulted a $1Billion penalty. Piet Moerland was the chief executive and resigned as a consequence.
It is one of the 30 most important financial institutions in the world, with Tier 1 capital. The total assets of the organisation are EUR681billion, and net profits of EUR1.8billion. Global Finance ranks Rabobank 25th on its list of "the most secure banks around the world".
Rabobank, a federation if local credit unions offering services to local markets, is rooted in agriculture.
Friedrich Wilhelm Raiffeisen in 1864 was the man who founded the cooperative movement credit unions. He also created the first German farmers' bank. As a farmer mayor, he saw the extreme poverty of farmers and their families. While he attempted to provide relief through charitable aid, he soon realized that self-reliance would be more beneficial in the long term. In 1864, a farmer's bank was established by his charitable foundation. In doing so he created the Darlehnskassen-Verein, which collected the savings of countryside dwellers and provided enterprising farmers with loans.