How To Easily Buy Bitcoin & Crypto With Your Ikano Account

buy crypto ikano bank
Mike Harry
Feb 2024
4 min read
Fact checked

Summary: Regulated exchanges like eToro and Uphold make investing in cryptocurrencies such as Bitcoin and Ethereum easy and safe for Ikano Bank customers. These platforms are regulated in Europe, are beginner-friendly and offer 100s of cryptocurrencies that can easily be bought and sold. You can quickly signup and transfer money from your Ikano Bank account via bank deposit or by using your credit/debit card.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Can I Buy Crypto With Ikano Bank?

Although you cannot purchase cryptocurrencies directly through Ikano Bank, you can easily buy digital assets by simply transferring SEK, EUR or other fiat currencies from your Ikano Bank to a regulated exchange.

Buy Bitcoin with Ikano Bank & Uphold
Buy Bitcoin with Ikano Bank & Uphold

How To Buy Crypto With Ikano Bank?

The first step towards buying and selling cryptocurrencies is to sign up for a safe and regulated exchange such as eToro or Uphold. We recommend both due to their beginner-friendly nature and because they offer 100s of cryptocurrencies.

To get started, simply sign up on the platform using their simple registration process which takes only a few minutes and is free of charge. Once you have successfully signed up, the next step is to connect your Ikano Bank account to the exchange and make your first deposit.

With eToro and Uphold, you have different payment methods available such as bank deposits (ACH) which are free of charge, or credit/debit card transfers which come with a small fee.

When your funds have been successfully deposited into your account, you can begin buying and selling any of the numerous cryptocurrencies available on the platform, including popular ones like Bitcoin, Ethereum, Solana and many others.

How to sign up

1. Create Account: Signup and add your identity verification.
2. Deposit Funds: Via your Ikano Bank account or credit card/debit card.
3. Start Buying:
Once your deposit has arrived in your account.
Buy crypto with Ikano Bank & eToro
Buy crypto with Ikano Bank & eToro

Does Ikano Bank allow crypto purchases?

While Ikano Bank offers its customers convenient access to a wide range of traditional banking services, it currently does not offer any services related to cryptocurrencies.

That being said, customers of Ikano Bank are still permitted to register with regulated exchanges and make deposits to purchase and sell popular cryptocurrencies like Bitcoin and Ethereum.

Buy crypto with Ikano Bank Credit Card?

Customers of Ikano Bank can use their debit or credit cards to deposit fiat currencies into regulated cryptocurrency exchanges for the purpose of buying and selling cryptocurrencies. It is highly recommended to use regulated exchanges to avoid any potential issues when depositing or withdrawing funds.

Is Ikano Bank crypto friendly?

Although Ikano Bank does not provide any services specifically related to cryptocurrencies, it is still regarded as a cryptocurrency-friendly bank.

This is due to the fact that Ikano Bank enables its customers to connect their bank accounts or link their debit cards to third-party regulated exchanges.

Ikano Bank has also not been known to impose any limitations on deposits and withdrawals to and from regulated exchanges.

About Ikano Bank

Ikano Bank is a consumer finance bank established in 1995 by Ingvar Kamprad, the founder of IKEA. The bank is part of the Ikano Group, which was originally a part of IKEA before becoming an independent group of companies also owned by the Kamprad family.

Ikano Bank website
Ikano Bank website

The name 'Ikano' is derived from the company's connection to IKEA and the Kamprad family (Ikano means 'on our own' in Swedish). Ikano Bank provides a range of financial services and products, including savings accounts, loans, and insurance.

Headquartered in Malmö, Sweden, the bank has expanded its operations to several countries, including Denmark, Finland, Norway, the UK, Germany, Poland, Russia, and Austria.

Ikano Bank's offerings include personal banking products, such as personal loans, credit cards, and savings accounts. For businesses, Ikano Bank offers sales finance solutions to help companies increase their sales and customer loyalty. They also offer leasing and factoring services for businesses.

eToro

+3000 Cryptos, Stocks, ETFs

0% Fees on Stocks & ETFs

30M Users & 140 Countries

Regulated & Safe Platform

Visit eToro
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Author
Mike Harry
Mike is a passionate crypto enthusiast who bought his first Bitcoin in 2016. With a natural curiosity and a love for learning and tinkering, Mike is always trying out new DeFi applications. Mike excels at breaking down difficult concepts into easy-to-read guides for beginners.

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