ING Bank Survey: European Consumers’ Interest in Owning Crypto Likely to Almost Triple in Future

Siamak Masnavi

A recent survey organized by Dutch banking group ING suggests that the percentage of European consumers that own cryptocurrencies is likely to almost triple in the future.

The ING International Survey aims to provide a better understanding of how people around the world spend, save, invest, and feel about money; it is carried out several times a year. This online survey, which focused on cryptocurrencies, was most recently carried between March 26th and April 6th.

14,828 people across 15 countries (about 1,000 per country) were surveyed; these countries were: Austria, Belgium, Czech Republic, France, Germany, Italy, Luxembourg, Netherlands, Poland, Romania, Spain, Turkey, United Kingdom, USA, and Australia. 

However, since 13 out of these 15 countries are in Europe, we are going to focus on the answers given by the European respondents.

It is worth keeping in mind that Bitcoin, which is the oldest and most well-known cryptocurrency, reached almost $20,000 around mid December 2017, but had dropped to about $7,000 around the time this survey was conducted.

Now, let's take a look at some of the more interesting findings from the European consumers:

  • 66% (77% of men and 55% of women) said they had heard about crypto. Perhaps, unsurprisingly, those already using mobile banking are more likely to have heard about crypto than those who don't.
  • 35% said that they thought that crypto was the future of spending online.
  • 32% said they thought that crypto was the future of investment.
  • Only 15% said that they would be willing to receive their take-home pay in crypto.
  • 70% said that they found gold and cash to be less risky than crypto.

The most interesting and surprising finding was that although only 9% of Europeans said that they already "own some cryptocurrency", a much larger number (25%), or one in four, said they "expect to own cryptocurrency in the future."


Featured Image Credit: "Bitcoin Crypto Coin Stock Photo" by "Crypto360" via Flickr; licensed under "CC BY 2.0"

You Can Now Buy Crypto With Visa and Mastercard via Binance App for Android

Siamak Masnavi

On Thursday (April 25), Binance announced that its mobile app for Android now lets you buy with Mastercard or Visa some of the most popular cryptocurrencies that are listed on

According to Binance, this support for cryptocurrency purchases via debit/credit cards, which is possible as a result of the partnership with Fintech startup Simplex that was announced on January 31, is available in version or higher of the "Binance - Cryptocurrency Exchange" app for Android.

Since January 31, it is has been possible to buy on the main Binance website ( Bitcoin (BTC), Bitcoin Cash (BCHABC), Ether (ETH), Litecoin (LTC), and XRP using debit/credit cards (Mastercard and Visa). Then, on March 12, it became possible to do the same on Trust Wallet (Binance's official non-custodial wallet app). And now, the Binance app for Android joins the party by offering the same feature.


Here is what you need to do to buy crypto via debit/credit cards on the Binance app for Android:

  • Tap on the "Credit Card" button, which is the last button on the toolbar you see in the middle of the "Home" screen. This takes you to the "Buy Bitcoin" screen.

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  • On the "Buy Bitcoin" screen, you can choose from a dropdown list the cryptocurrency you want to buy (BTC, XRP, ETH, LTC, or BCHABC), specify the quantity of a particular cryptocurrency that you want to buy, and choose the fiat currency (USD or EUR) you want to pay with.

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  • You will then be shown the total amount (including the fee) that you will get charged if you go ahead with the purchase.

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  • Once you tap on the "Buy Now" button on this screen, you will be shown a "Confirm Your Order" screen.

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  • If you then tap on the "Accept, go to payment" button on the confirmation screen, you will be taken to the checkout screen on, where you will be asked to enter into a form your personal details (email, phone number, date of birth) and your card details.

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Here are a few things you should be aware of:

  • "The crypto amount quoted is based on the current rate and is not final. If the rate changes by more than +/-2.5% you will be asked to reconfirm the transaction via email from Simplex"
  • The fee is "3.5% per transaction or 10 USD, whichever is higher."

Featured Image Credit: Photo via Screenshot Images Courtesy of Binance