This content is for educational purposes only and is not financial advice. bunq doesn't give trading advice. Always do your own research or consult a qualified financial advisor before making any investment decisions. Cryptocurrency investments come with risks, including the potential loss of the principal invested. Prices can fluctuate significantly. bunq Crypto is powered by our partner Kraken.

Fiat-to-crypto is the process of converting traditional money, euros, dollars, and other government-issued currencies, into cryptocurrency. It's usually the first step when you want to buy Bitcoin, Ethereum, or other digital assets using money from your bank account.

How fiat-to-crypto works

You deposit fiat currency on a platform, often by bank transfer or card payment, then place an order for the crypto you want. The platform executes the trade at the current market rate (plus any fees) and credits crypto to your account or wallet.

The reverse is crypto-to-fiat: selling digital assets back into traditional currency you can withdraw to your bank.

What to watch for

Fees. Platforms may charge trading fees, deposit fees, or spreads between buy and sell prices.

Verification. Regulated services require identity checks (KYC) before you can deposit or withdraw large amounts.

Timing. Bank transfers can take longer than card payments; crypto prices may move while you wait.

Fiat-to-crypto with bunq

With bunq, you convert euros to crypto directly in the app, no separate exchange account needed. Fund from your Bank Account, buy from as little as €1, and hold everything in one place through our partner Kraken.

Visit bunq Crypto to get started, or pair crypto with stocks and other investments for a broader portfolio.

Frequently asked questions

What does "fiat" mean?

Fiat currency is money issued by a government and not backed by a physical commodity like gold. The euro and US dollar are fiat currencies.

Can I use any currency to buy crypto?

It depends on the platform. bunq focuses on euro-based banking; check supported payment methods in the app for your region.

Is converting euros to crypto instant?

Once your funds are available and you place an order, the crypto purchase typically completes quickly. Funding speed depends on how you add euros to your account.