iDEAL is a cheap payment processor in the Netherlands.
Bank transfers are the most preferred payment methods, as they come as one of the cheapest and secure options when buying cryptocurrencies.
No wonder why many individuals and companies use online bank transfer system called iDEAL to conduct Bitcoin business.
If you’re living in Netherland, iDEAL online transfer is one of the fastest ways you can use to acquire any amount of BTC easily.
In this guide, am going to show you how it is best used for purchasing cryptocurrency like Bitcoins instantly.
Note: The list of crypto exchanges below, contains mostly, those globally used platforms that accept iDEAL online bank transfer, not minding if you’re in Netherland or not.
Let’s begin with the processes.
Purchasing Bitcoin with iDEAL
Below are the simplest processes to buy Bitcoin cryptocurrency online with iDEAL bank transfer payment method…
- Register an account on iDEAL official website
- Connect your bank account with your iDEAL
- Open an account on an exchange (e.g. Binance or LocalBitcoins)
- Go-to the ‘Purchase’ page and fill out the purchase form
- Choose iDEAL as the desired payment method
- Verify your account if necessary
- Purchase BTC and wait for the transfer to take place
- Get Bitcoins and withdraw them to your crypto wallet address.
Congratulations…. you’ve successfully purchased your desire amount of Bitcoin for the first time!
Best ways to buy BTC with iDEAL
Let’s take a look at platforms that accept the payment method, with important features of the exchanges, such as verification requirements, iDEAL fees and service availability.
LocalBitcoins is a P2P (Person-to-Person) marketplace platform that specializes in connecting both buyers and sellers, while serving as an escrow service for their transactions.
The platform gives vendors the ability to create offers in all currencies available in your local region. If you are just getting to know this platform, I would suggest you read my LocalBitcoins review.
- Available in every country of the world
- A diverse selection of buyers and sellers
- Supports many payment methods
- Buyers get their bitcoins fast
- Lack of cryptocurrency diversity
- Both sellers and buyers have a chance of being scammed.
On LC, people buy and sell Bitcoin, Ethereum, Litecoin, Dash and USDT crypto on their terms, using any payment method. There are more than 40 payment methods accepted.
Unlike other P2P marketplaces, LocalCryptos keeps you in charge (i.e. you are totally in charge of your cryptocurrency investment).
LocalCryptos takes a different approach. They cut a platform risk by putting you in control of your wallet keys. When trading, only you know your private key – they never take custody of your coins.
- Highly secured
- Supports multiple coins
- You’re in custody of your keys
- Buyers get their crypto-coins fast
- Supports several payment methods
- Available in every country of the world.
- Limited number of cryptos
- Both buyers and sellers can be scammed.
These are my answers to some of the frequently questions people ask online concerning how to buy Bitcoins with the iDEAL bank online transfer system.
Buy Bitcoins with iDEAL
If you followed this guide until this extent, by now am sure you should be knowledgeable enough to know how to buy your Bitcoins with the iDEAL bank transfer.
The first step is to always use security tools (like; Virtual Private Network (VPN), two-factor authentication (2FA) and email notification system) to protect it.
These tools should be available to you in most exchanges, while passwords and other public keys should be regularly changed.
More importantly, you should use hardware (HD) wallets when storing and transferring Bitcoins, or any cryptocurrency around.
They also come with recover phrase, PIN codes and password, and all of them are being generated privately. Read my guide about crypto hardware wallets.
Although, more expensive than other wallet types, HD wallets offer service that hackers cannot breach, keeping your crypto-coins offline and safe at all times.
Meanwhile, try to bookmark this page, as I will be updating this page whenever new cryptocurrency exchanges that accepts iDEAL payment are found.