How To Buy Bitcoin With Bank Account Transfer (2020)?
Want to buy Bitcoin with Bank account or bank transfer?
Well, you are the right place then because we have collated the best resources for you to buy Bitcoin (BTC) with a bank account and we have tested most of these services.
Using bank transfers for buying cryptocurrencies like Bitcoin and Ethereum can be a cost saver as these services take less fee than credit card purchases.
So feel free to use your savings account, checking account, SEPA wire transfer, or direct routing or IBAN account number to buy Bitcoin in all major countries.
| Buy Bitcoin (BTC) With Bank Account or ACH or eCheck | Quick Buy Links |
| CEX.io [Recommended] | Buy Now |
| Coinbase | Buy Now |
| Bitit | Buy Now |
| Coinmama | Buy Now |
| BitBay | Buy Now |
| LocalBitcoins | Buy Now |
Buy Bitcoin Instantly With Bank Account No Verification !!
#1. CEX.io
- Countries Servicing: All countries supported except a few.
- Supporting Fiat: EUR, USD, and GBP
- AML/KYC Requirements: Mandatory AML/KYC is required
CEX.io is another reliable option to buy bitcoin with a bank transfer.
But first thing first, there is no way to buy bitcoin instantly with a bank account. No matter what service you use, you will be required to wait for atleast two days.
CEX.io was established in 2013 and operates from London, the UK.
Using CEX.io you can do a SWIFT or SEPA bank transfer to get your bitcoins. Also, CEX.io supports most of the countries around the world except, Afghanistan, Bosnia and Herzegovina, Bangladesh, Bolivia, Burundi, Democratic Republic of the Congo, Central African Republic, Cuba, Algeria, Ecuador, Ethiopia, Iraq, Iran, Iceland, Cambodia, North Korea, Laos, Lebanon, Libya, Morocco, Nepal, Pakistan, Somalia, South Sudan, Sudan, Syria, Uganda, Vietnam, Vanuatu, Yemen, Zimbabwe.
Lastly, as of now you can deposit or withdraw EUR, USD, GBP currencies using a bank transfer and you will be charged 0% on deposits & 1% on withdrawals.
Buy Bitcoin INSTANTLY with a bank account with no ID or without verification
Buying Bitcoin using a bank account is easy, but you cannot purchase bitcoin with a bank account instantly because bank transfers take time.
It can usually take up to 5 days for a bank transfer to complete, and that’s why one cannot expect instantaneous results while buying cryptocurrencies through bank transfers.
Moreover, banks require businesses and individuals to comply with AML and KYC rules, so if you are expecting to buy bitcoin through a bank with no ID or without verification then you are daydreaming !!
How To Buy Bitcoin With ACH?
ACH transfer is predominantly used in the US and using this method you can buy bitcoins online in large quantities.
This method is also cheap than other ways of purchasing bitcoin, and the US customers can buy BTC with a connected bank account via ACH bank transfers from the following services:
How To Buy Bitcoin With E-check?
Other than a bank transfer and wire transfer many cryptocurrency users want to buy Bitcoin with e-check but this method is not very common in use.
But certain services allow you to buy Bitcoin with E-check and here is one such reliable service :
- Xcoin.io
Now you tell us: Which service are you thinking to use to buy BTC via a bank transfer? Have you used anymore reliable BTC services that provide cryptocurrencies for bank transfer? Do tell us in the comments section 🙂
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Contents
#2. Coinbase [Recommended]
Coinbase is one of the best options available out there to buy bitcoins through a bank account.
It is safe to say that Coinbase specializes in this fiat on-ramp to the world of cryptocurrencies and for that Coinbase has been operating since 2012.
The US customers can buy Bitcoin with a connected bank account via ACH bank transfers on the other hand European customers can do SEPA bank transfers to Coinbase to be able to buy BTC with bank accounts.
Coinbase charges a flat fee of 1.49% on such fiat transactions, and you can buy BTC, ETH, BCH, & LTC in this way.
You can also get an extra $10 worth of bitcoins if you choose to sign up with this link and buy atleast cryptocurrencies worth $100.
Note: Purchases made through ACH bank transfer can take up to 5 days whereas SEPA transfers can take up to 2 days but if you wish to cut through the time, try buying Bitcoin using a credit card.
Register On Coinbase
#3. Bitpanda
Bitpanda, also known as the Coinbase of Europe.
Bitpanda was established in 2014, and it is a reliable retail crypto broker in Europe which is even faster than Coinbase.
And not only this Bitpanda is a reliable Coinbase alternative and provides more options to its users both, in the number of cryptocurrencies and payment methods.
As of now, Bitpanda supports popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, etc.
Bitpanda has several payment options from which you can freely choose. But as of now, on Bitpanda you buy Bitcoin with SOFORT-Transfer, SEPA, Visa / MasterCard, NETELLER, Skrill, GIROPAY / EPS, Amazon.de Voucher, Euro Wallet and Online Bank Transfer.
To be able to buy Bitcoin on Bitpanda you need to be verified first. So please keep your all profile data ready to start the verification process.
Lastly, Bitpanda charges a purchase fee of 1.49% and 1.29% fee for selling and transfer Bitcoin money to the bank account. Also, Bitpanda supports EUR, CHF, GBP, and USD fiat currencies using which you can buy bitcoin with your saving account but it is only available for Euro region
Register On Bitpanda
#4. Bitit [Euro Region]
Based out of Paris, France Bitit wants to make it easy for people to stay in the remotest places to buy Bitcoin and other currencies.
Bitit was founded in 2015, and it has been supporting the purchase of cryptocurrencies via credit/debit cards since then. But recently they also launched their EUR wallet feature powered by SEPA which will allow customers of the 35 SEPA nations to deposit EUR into their Bitit wallet to purchases 50+ cryptocurrencies.
Using the EUR Wallet will cost you only 0.25% per trade and 0.15% for deposits & withdrawals (minimum €3). Plus you will enjoy the increased purchase limits up to €30,000 per week.
Register On Bitit
#5. Coinmama
If you are in the Euro region and want to buy bitcoins via a bank transfer, then the easiest way to go about it is, Coinmama.
Coinmama is operating since 2013 in this space and has served more than 1.5 million customers so far. In 2018, they even started supporting the purchase of bitcoins via SEPA transfer for 33 Euro nations.
Generally, Coinmama supports six currencies, but via bank transfers, it only supports Bitcoin and that too only for the SEPA region.
But one good thing is that while you choose to buy bitcoins with SEPA through Coinmama, you can buy a substantial amount of BTC as the purchase limit is just over €10,200.
Note: Using Coinmama’s bank transfer option, even UK citizens can buy Bitcoin with SEPA bank transfer. Also, note that Coinmama doesn’t allow you to seel cryptocurrencies on its platform !!
Register On Coinmama
#6. BitBay
BitBay is based out of Poland, Europe, and is considered one of the best options to buy Bitcoin via a bank transfer in the US and the Euro region.
The exchange was established in 2014 and since then has garnered support from the crypto community.
BitBay is one of the cheapest options to buy crypto with a bank account in Europe, and since you are planning to deal in fiat, BitBay requires you to complete your KYC, which is quick.
Using BitBay, you can deposit USD via a Swift bank transfer and deposit EUR via a SEPA transfer, which you can later use to buy Bitcoin on the BitBay Platform.
There are no fiat deposit fees when you use BitBay, but when you withdraw fiat to a bank account, you need to pay a minimum charge of $20 for USD and €4 for EUR.
Note: Non-SEPA transfers In the case of a EUR non-SEPA transfer (e.g., the United Arab Emirates) SWIFT rates apply (as per USD). Also, BitBay allows you to buy other cryptocurrencies with a bank account including Bitcoin.
Register On BitBay
#7. LocalBitcoins
LocalBitcoins is the best way to buy Bitcoin irrespective of your payment method.
And this time also LocalBitcoins allows you to buy Bitcoin with savings and checking bank accounts. You will find actual BTC traders on the ground in more than 15000 cities across 200 countries around the world.
LocalBitcoins is based out of Finland since 2012 and allows its users to exchange Bitcoin in a peer to peer fashion by being an escrow in between.
And its escrow fee service is also as low as 1% which is I think is entirely fair for overseeing Bitcoin trades on its platform.
Register On LocalBitcoins