Can you buy crypto (Bitcoin) at ASN Bank? Yes or no?
More and more people ask me if it is possible to buy crypto at ASN Bank. The bank does not offer crypto trading itself, but by following the steps in this guide, you can still buy Bitcoin and other crypto without any problems.
How to buy crypto at ASN Bank?
Step 1: open an account with a reliable crypto exchange
You first need an account with a reliable crypto exchange. Personally, I use the following parties:
|Trade against low fees in Bitcoin & other cryptos! Try for free with a demo & deposit money with ASN bank after. Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.|
|Try crypto trading without using a crypto exchange or a bank to deposit: speculate on both increasing and decreasing prices with the CFD provider Plus500 using a demo account. 82% of retail CFD accounts lose money.|
|Invest in hundreds of altcoins against low fees. Receive 20% permanent discount over all transactions!|
Keep in mind that even reliable exchanges can collapse. It may therefore be wise to store your cryptocurrencies in your own external wallet.
Step 2: verify your account
At some crypto exchanges, you can try out trading crypto coins without risk with a demo. However, before you can invest with real money, you need to verify your account. You can verify your account by uploading a copy of your passport and address. After these are approved, you can directly deposit money from your ASN Bank account into your crypto exchange account.
Step 3: buy crypto with ASN Bank
Now that your account has been approved, you can immediately buy your favourite crypto. To do so, select the crypto you want to buy within the trading platform and enter the amount you want to invest. Keep in mind that sometimes you will pay a bit more for the crypto than indicated: this is because due to the interplay of supply and demand, the price fluctuates constantly.
After you send the order to the crypto exchange, it may take a few seconds to minutes for it to be executed. You can then sell the crypto again at any time and have the money transferred back to your ASN Bank account.
Sustainability & Bitcoin
Sustainability is very important to ASN bank and Bitcoin isn’t exactly known for being sustainable. This is because the blockchain uses a lot of energy, this is because a large number of computers have to perform a huge number of calculations. This high consumption of energy takes place with all cryptos that use the proof-of-work principle.
However, there are also crypto coins that use the proof-of-stake principle. Crypto coins that use this technique do not consume nearly as much energy.
Moreover, much of the energy generated for Bitcoin is generated sustainably. Crypto may therefore seem unsustainable, but in practice this does not seem to be so bad. Especially when you consider that a lot of energy is also used to keep traditional payment systems online.
About ASN Bank
ASN Bank is now part of Volksbank and was originally founded in 1960. ASN Bank considers sustainability important and therefore does not currently offer crypto trading. Nor does ASN Bank currently have any plans to do so in the future.
Can you buy Bitcoin at ASN Bank?
It is currently not possible to buy Bitcoins at ASN Bank. The bank also currently has no plans to offer cryptocurrency trading in the future. If it does become possible to buy Bitcoin & other crypto in the future, then you’ll be able to find the latest update here. Until then, you can find an overview of reliable crypto exchanges where you can buy Bitcoin with your ASN Bank account at the top of this article.