What is iDeal?
iDEAL is the most popular payment system in the Netherlands. iDeal cooperates with the three biggest Dutch banks, ABN AMRO, ING and Rabobank, as well as many smaller banks and banking startups like bunq, reaching more than 98% of Dutch banking customers.
Advantages of buying cryptocurrencies with iDeal
Similarly to other payment systems, iDeal transfers are confirmed instantly which means that you can buy cryptocurrencies like Bitcoin, Ethereum or Litecoin right after payment and without the need to wait for your bank transfer to settle on the bank account of the exchange or broker.
Disadvantages of buying cryptocurrencies with iDeal
As a third party for payment processor, iDeal charges fees from merchants. These fees are usually passed along to the buyer. Another aspect to consider is that almost only cryptocurrency brokers from the Netherlands accept payment with iDeal which reduces your selection.
Which cryptocurrencies can I buy with iDeal
With iDeal you can buy the following cryptocurrencies: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Dash, Monero. Please check our exchange and broker detail pages to learn more.