As European crypto regulations become clearer, Dutch neobank bunq has launched bunq Crypto, a dedicated tab for cryptocurrencies directly within its banking interface. Available since April 29 in six European countries (France, Netherlands, Belgium, Ireland, Spain, and Italy), this new service aims to simplify access to cryptos for the general public.
Banking and Crypto All-in-One
Purchasing Bitcoin or Ethereum via bunq takes less than a minute, with lightning-fast identity verification, a choice of over 350 cryptos, entering the amount, and a simple swipe to confirm the purchase. The transaction is then locked for 24 hours with a ‘Safety Shield’ to prevent fraud and impulsive withdrawals.
Behind the bunq interface, Kraken handles custody and liquidity. Meanwhile, euro funds remain with bunq, ensuring they are protected by the Dutch deposit guarantee up to €100,000. This offer is available in France, the Netherlands, Belgium, Ireland, Spain, and Italy, with Germany to follow within the year.
Clear Fees and Crypto Cashback
Transaction fees depend on the chosen subscription: 1.99% for free accounts, compared to 0.25% for Elite subscribers at €18.99/month. As a launch bonus, bunq is offering €10 in Bitcoin to the first 10,000 users who make a crypto transaction of at least €100.
This move comes as, according to a survey commissioned by bunq, 65% of Europeans prefer managing everything from a single app: payments, savings, and crypto investments. Half of the respondents find existing platforms too complex or not secure enough.
The ‘Super App’ Strategy Continues
The crypto integration is just one part of the major Update 28. bunq adds: bunq Deals for permanent discounts (LEGO, Expedia, etc.) directly in the app; Pocket Money, a pocket money system for children’s accounts; an integrated eSIM option for travelers; and up to 1% cashback on business accounts and up to 2% on personal accounts.
Your Simple First Steps in Crypto
No need to transfer your euros to an external platform: purchases are hassle-free. It’s worth noting that cryptos cannot be withdrawn to a personal wallet.
“Each wallet will be fully protected,” bunq states. “By integrating crypto, we enhance our anti-fraud tools and make it easy and safe for everyone to get involved.”
DISCLAIMER:
Cryptocurrency investment carries risks of total capital loss, high volatility, and cybersecurity issues. This is not investment advice. bunq is a bank licensed by the Central Bank of the Netherlands and authorized to operate in France – Basisweg 32, 1043 AP, Amsterdam, Netherlands. Cryptographic services are provided by Coin Meester B.V. / Kraken – Boeingavenue 219, 1119PD, Schiphol-Rijk, Netherlands.
