The fintech company Bunq has made a significant leap by allowing users in Belgium and the Netherlands to trade in over 300 cryptocurrencies, including popular options such as Bitcoin, Ether, and Solana. This initiative comes through a partnership with the U.S.-based trading platform Kraken, marking a major development in the world of digital finance.
Expanding Horizons for Digital Nomads
This new feature, known as Bunq Crypto, is part of a broader movement to meet the needs of Europe’s growing population of digital nomads. These individuals often seek flexible banking solutions that can accommodate their investment activities, including cryptocurrencies. Recent surveys suggest that nearly two-thirds of these digital wanderers prefer managing their banking, savings, and investments all under one roof.
Fee Structure for Crypto Trading
The trading fees for Bunq’s cryptocurrency services vary by subscription type. For users on the Free plan, a fee of 1.99% is applied for transactions. Meanwhile, Core plan users enjoy a rate of 0.99%. Those on the Pro plan benefit from a lower fee of 0.49%, and users with the Elite plan pay just 0.25%. This tiered pricing model aims to cater to users with different trading needs and investment appetites.
Additional Features Enhancing User Experience
Alongside the introduction of cryptocurrency trading, Bunq has unveiled new features that further enrich its app. One notable addition is Pocket Money, a practical tool for parents that facilitates regular transfers of funds to their children’s accounts. Moreover, the latest app update (version 28.0.0) has made it possible to purchase eSIMs and add mobile data directly through Bunq.
A Significant Step in Digital Finance
This move towards enabling cryptocurrency trading reinforces Bunq’s commitment to providing innovative banking solutions. Previously, the app already allowed users to buy stocks and ETFs, signaling a broader trend in the finance sector that increasingly embraces digital currencies. As Bunq gradually rolls out these features across Europe, the United States, and the UK, it is poised to play a pivotal role in shaping the future of banking.
