Buying bitcoin with a bank account is the most common way to purchase cryptocurrency. However, many people don’t know where or how to do it.
In this guide we will answer all the questions you may have about purchasing crypto with your bank account. We’ll also show you some of our top picks for reliable exchanges and brokers that offer this option!
Let’s get started!
How to Buy Bitcoin with bank account
Well, you’ll need a computer and an internet connection for starters! But it’s easier than ever before!!!
You also need to create an account with an exchange that allows for bank account payments.
Our Top Picks
Buy Bitcoin with your bank account on these exchanges
What are the advantages of buying bitcoin with a bank account?
There are many reasons why you might want to buy Bitcoin with your bank account. It’s the most common way and also one of the easiest ways to purchase cryptos or BTC!
You will also find exchanges favor using a bank account as it’s typically the most secure allowing for lower fees vs. using credit cards or other non-secure forms of payment.
Most exchanges offer instant access to your asset purchase when using your bank account to buy crypto. Keep in mind, for your security, you still may be required to keep the coins on the exchange until the transaction is complete.
How do I buy cryptocurrency with my bank account?
Depending on which exchange you choose to buy from, you will need to register an account and you should expect the more security focused and exchanges verify your identity.
Next you will need to transfer funds from your bank account into the exchange.
You can often do this right from the website or mobile app with exchanges like Coinbase or Binance.
With larger and more commonly used banks, you can often sync your bank to exchange of choice using your banking login details.
If that option doesn’t work, you can submit your account details and wait for exchange to deposit funds under the amount of $1.00 to verify ownership and enable purchasing of crypto via your bank account.
Once you have a balance on the exchange, you can purchase cryptocoins or other assets through their respective markets and gain instant access.
How much does it cost to buy Bitcoin with a bank account?
The fees for using a bank account to buy cryptocurrency depend on the crypto broker/exchange and where they are.
Where can I find an exchange that allows me to purchase crypto and bitcoins using my bank account?
Here is a list of the top crypto exchanges along with their fee structure and other payment methods accepted.