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In this article, I will explore the popular topic of how you can buy Bitcoin with a bank account. And also why I think everyone should look into using their bank account when purchasing BTC.
In fact I always buy Bitcoins with my bank account.
Why? It’s easy, secure and it’s cheapest way to buy Bitcoin.
So with my own experience from buying and trading Bitcoin, I wanted to put this top list together of some of the best sites and exchanges available where you can purchase BTC with a bank account.
6 options where to buy Bitcoin with a bank account/transfer
I will be there to explain how to buy BTC with your bank account using a bank transfer. It can be called ACH, SEPA, wire transfer, etc.
Let us check out the first one on this list…
1 ) Coinbase
First out on this list is Coinbase. This is one of the most popular cryptocurrency brokers in the world.
It is highly secure and trusted amongst the Bitcoin and crypto community. And for a beginner it is perfect place to start off with. As it is very easy to use and they have lots of different payment options.
That includes adding several payment methods like a bank account (or wire transfer), PayPal, credit and debit card to name a few.
Coinbase is one of the most popular and most-used crypto platforms around. People from all over the world use Coinbase daily to buy Bitcoin with a bank account.
2 ) BINANCE
Second out is Binance. It is one of the most important cryptocurrencies exchange platforms very easy to use, it allows you to buy Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) and more 500 other cryptocurrencies.
Binance Exchange is the largest crypto exchange by trade volume and one of the fastest in the world.
To give you an idea, nearly 1 billion (USD) is traded on average, impressive, right?
Besides, it’s a massive company with a good reputation offering various security services (2-factor authentication and safe for your cryptos, insurance against any risk).
So even in case of a minor security breach (it happened in May 2019), Binance will refund the victims through its secure asset fund. Here you can buy BTC with a bank transfer and like with Coinbase know you are in safe hands!
- You can get discount when you use BNB while trading on Binance
3 ) Binance Jersey
So here we have the European offshoot of Binance, Binance Jersey.
This is the second exchange launched by Binance. And it was launched to help European users get into Binance depositing funds from their bank accounts.
So Binance Jersey is a perfect option for anyone that wants to buy Bitcoin with a bank transfer.
But they are only open for European users. So Americans have to use Binance US and the rest should use traditional Binance.
4 ) Bitpanda
This is another cryptocurrency broker site. Here you buy Bitcoin from the broker itself, or via its liquidity pools instead of from another person. So similar to Coinbase.
Bitpanda has been around for a few years now and they are building up their reputation. Namely for being very easy to use and with lots of payment methods available. From bank transfer, Skrill, Neteller, card purchases, Sofort, iDEal, etc.
It is only available for EU users though.
5 ) Kraken
Kraken is another reliable exchange, they are based in the US and you can buy different cryptocurrencies with ACH transfers, SEPA transfers (great news for our European readers).
Kraken is one of the oldest still remaining Bitcoin exchanges. And it is one of the most trusted sites still around.
- If you like Kraken and want to find similar exchanges then use this guide
6 ) Coinmama
And last on our list is Coinmama. It is a broker site similar to Coinbase and Bitpanda. Here you can buy BTC with a bank transfer or credit/debit card.
Coinmama specialises in making it easy for anyone to buy Bitcoins or other cryptos. Both with a card or bank account.
It’s an easy to use site and with a good customer support to help you on the way. You need your own Bitcoin wallet before buying BTC at Coinmama.
What are the pros and cons of buying Bitcoin with your bank account?
That’s the end of this guide to how you can buy Bitcoins with a bank transfer and a list of sites that have this payment option.
There are a few different options available so that you can try them out and get a feel for the one your prefer.
Buying Bitcoins with your bank account can take a bit longer but for the fees, it is saving it makes sense. I always buy Bitcoin with a bank transfer if I want to get in from my fiat money.
Now if you are looking for other ways to buy Bitcoin via, then I have written a few other guides that might be of interest. For example how you can buy Bitcoin instantly with a bank card (credit card or debit card).
Or if you want to buy Bitcoin using PayPal?
Both of the two options above has advantages in that you can buy BTC quicker using those.
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Find other guides
- Best way to invest in crypto
- Bitcoin investing guide
- How to short Bitcoin
- Where to buy BTC with a card
- How to buy BTC with cash
Hello and welcome to Go Cryptowise.
My name is Per Englund and I’m a long-term fan and investor of Bitcoin and other cryptocurrencies. I’ve been around the space for a good few years, learning how it all works and to be a part of this engaging community.
Now it’s time for me to share my experience with others. I am also a business and product developer so I know first-hand what it takes to create a successful product, brand and customer experience.
And I am bringing this vision to my writing and how Go CryptoWise work.
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