Banks can be found in every region of the globe and provide access to a wide number of banking services and payment solutions for customers.
Your institutional bank usually provides a form of online banking as a method for making secure bank transfers.
In this guide we will walk you through the best places where you can buy bitcoin with a bank account TODAY.
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This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework.
Investments are subject to market risk, including the loss of principal.
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Last Update May 28th, 2023. Bank account is a popular method of payment for making purchases online with low fees and high security.
Bank transfer is also a popular method of payment for buying and selling bitcoin instantly and securely.
If you are buying or trading bitcoin in high volumes our recommendation is to use Coinbase for your trading needs.
Popular Exchanges To Buy Bitcoin With Bank Account Or Bank Transfer Instantly
 | Coinbase | Free | 102 countries (see full list) |
 | Kraken | Free | Worldwide |
 | Etoro | Free, $5 withdrawal fee | Worldwide |
 | CEX.IO | Free | Worldwide |
 | Paybis> | Free | Worldwide |
Table of Contents
- Popular Exchanges To Buy Bitcoin With Bank Account Or Bank Transfer Instantly
- How Can I Buy Bitcoin With A Bank Account?
- 8 Ways To Buy Bitcoin With Bank Account Or Bank Transfer Instantly
- Coinbase
- Kraken
- Etoro
- CEX IO
- Paybis
- Coinmama
- Gemini
- Wirex
- Recap Of The 8 Best Exchanges For Buying Bitcoin With Bank Account
- Apps For Buying Bitcoin With Bank Account Instantly
- Where Can I Buy Crypto With Bank Account Instantly?
- What Other Options Do I Have For Buying Bitcoin With My Bank Account?
- Conclusion
How Can I Buy Bitcoin With A Bank Account?
If you want to buy bitcoin using bank transfer then you have to find a reputable exchange or marketplace that will let you do it.
How To Buy Bitcoin With Bank Account On Coinbase Summary
- Create an account with Coinbase.
- Verify your account.
- Add a bank account as your payment method.
- Go to “Bitcoin” and select the amount you want to buy.
- Receive bitcoins directly into your Coinbase wallet.
That’s it! You have successfully purchased bitcoin with bank transfer as the payment method.
8 Ways To Buy Bitcoin With Bank Account Or Bank Transfer Instantly
The following are 8 digital currency exchanges where you can go to buy bitcoin with a bank account or bank transfer instantly and securely.
Coinbase
| Website: | coinbase.com |
| CEO: | Brian Armstrong |
| Headquarters: | San Francisco, California |
| Founders: | Brian Armstrong, Fred Ehrsam |
| Founded: | 2012 |
| Customer service: | Knowledge Base |
| More information: | Read Review |
Coinbase is the dominant U.S. cryptocurrency exchange that is known, used and trusted by millions of customers worldwide. The world-class user interface is both colorful and accessible and there is even a mobile app available for Android and iOS.
Coinbase accepts deposits in USD, EUR, GBP, CAN, AUS, and SGD.
Pros
- Established reputation
- User-friendly interface
- High liquidity
- Large purchasing limits
- Strong security
Cons
- Support takes time to respond
- Slow bank transfers
| Reputation | Fees | Privacy | Limits |
|---|---|---|---|
| Excellent | Low | High | High |
Established in 2012, Coinbase is one of the most popular cryptocurrency exchange platforms with over 30 million customers. Coinbase makes it easy to exchange funds from your bank account directly into bitcoin.
Coinbase is a simple way for buyers and traders to buy, sell, and trade cryptocurrency using a bank account, ACH, SEPA, or international wire transfer.
Fees & Limits
USA
| Purchase Method | Fee |
|---|---|
| Bank Account | 1.49% |
| Coinbase USD Wallet | 1.49% |
| Debit Card | 3.99% |
| Bank Transfer Method | Fee |
|---|---|
| ACH Transfer | Free |
| Wire Transfer | $10 ($25 outgoing) |
Europe
| Purchase Method | Fee |
|---|---|
| Standard Buy/Sell | 1.49% |
| Debit Card | 3.99% |
| SEPA Bank Transfer | Free / €0.15 |
UK
| Purchase Method | Fee |
|---|---|
| Standard Buy/Sell | 1.49% |
| Debit Card | 3.99% |
| SEPA Bank Transfer | Free / €0.15 |
| Faster Payments | Free |
Limits
| Purchase Method | Limit |
|---|---|
| Bank Transfers | $1000 / Day |
| 3D Secure Purchases | $400 / Week |
| Card Purchases | $400 / Week |
| PayPal Withdrawals | $25,000 / Day |
| Wire Transfer | $250,000 / Wire |
How To Use Coinbase
With Coinbase, you can own bitcoin in a few minutes.
Step 1: Create an account with Coinbase.
Step 2: Verify your identity (using photo ID) to prevent fraud or identity theft.
Step 3: Fund your Coinbase account through bank account deposit.
Step 4: You can now send, receive, buy, sell, and store bitcoin.
Kraken
| Website: | kraken.com |
| CEO: | Jesse Powell |
| Headquarters: | San Francisco, California |
| Founders: | Jesse Powell |
| Founded: | 2011 |
| Customer service: | Knowledge Base |
Kraken is the world's largest Bitcoin exchange and offers a vast selection of cryptocurrencies and internationally accepted funding methods.
Kraken Pro provides individual and institutional investors with advanced real-time trading and charting tools.
Kraken accepts deposits in USD, EUR, CAD, GBP, JPY, and CHF.
Pros
- Respectable reputation
- Global support
- Reliable customer support
- Tiered verification
- Affordable fees
Cons
- Few payment methods
- Sophisticated UI
| Reputation | Fees | Privacy | Limits |
|---|---|---|---|
| Excellent | Low | High | High |
Established in 2011, Kraken is like so many other excellent exchange platforms where investors can trade BTC using the funds from their bank account.
Accounts can be funded with crypto coins and deposits using a bank account.
Fees & Limits
USD
| Deposit Method | Deposit Minimum | Deposit Fee |
|---|---|---|
| FedWire (Normal) | $20 | $5 |
| FedWire (Etana Custody) | $150 | $0 |
| FedWire (High Limit) | $50,000 | $5 |
| SWIFT (Etana Custody) | $150 | $0 |
| SWIFT (High Limit) | $50,000 | $5 |
| Silvergate Exchange Network | No Minimum | $0 |
| Withdrawal Method | Withdrawal Minimum | Withdrawal Fee |
|---|---|---|
| FedWire (Normal) | $20 | $5 |
| FedWire (Etana Custody) | $150 | $35 |
| FedWire (High Limit) | $50,000 | $5 |
| SWIFT (Etana Custody) | $150 | $35 |
| SWIFT (High Limit) | $50,000 | $5 |
| Silvergate Exchange Network | No Minimum | $0 |
EUR
| Deposit Method | Deposit Minimum | Deposit Fee |
|---|---|---|
| SEPA (Fidor) | €1 | €0 |
| SEPA (Etana Custody) | €150 | €0 |
| SEPA (Bank Frick) | €1 | €0.15 |
| SWIFT (Fidor) | €50 | €5 |
| SWIFT (Etana Custody) | €150 | €0 |
| Withdrawal Method | Withdrawal Minimum | Withdrawal Fee |
|---|---|---|
| SEPA (Fidor) | €5 | €0.09 |
| SEPA (Etana Custody) | €150 | €1 |
| SEPA (Bank Frick) | €100 | €35 |
| SWIFT (Fidor) | Not Available | Not Available |
| SWIFT (Etana Custody) | €150 | €35 |
CAD
| Deposit Method | Deposit Minimum | Deposit Fee |
|---|---|---|
| Domestic Wire Transfer | 125 CAD | 0 CAD |
| In-Person Cash/Debit (Canada Post) | 20 CAD | 1.25 CAD + 0.25% |
| InterFIN (High Limit) | 1,000 CAD | 0 CAD |
| SWIFT (Etana Custody) | 150 CAD | 0 CAD |
| Withdrawal Method | Withdrawal Minimum | Withdrawal Fee |
|---|---|---|
| Domestic Wire Transfer | 50 CAD | 0.25% |
| In-Person Cash/Debit (Canada Post) | Not Available | Not Available |
| InterFIN (High Limit) | 1,000 CAD | 0 CAD |
| SWIFT (Etana Custody) | 150 CAD | 35 CAD |
GBP
| Deposit Method | Deposit Minimum | Deposit Fee |
|---|---|---|
| Faster Payments (Clear Junction) | £3 | £1.95 |
| CHAPS (Clear Junction) | £22 | £21 |
| SWIFT (Etana Custody) | £150 | £0 |
| Withdrawal Method | Withdrawal Minimum | Withdrawal Fee |
|---|---|---|
| Faster Payments (Clear Junction) | £100 | £1.95 |
| CHAPS (Clear Junction) | £10,000 | £21 |
| SWIFT (Etana Custody) | £150 | £35 |
CHF
| Deposit Method | Deposit Minimum | Deposit Fee |
|---|---|---|
| SIC (Bank Frick) | 1 CHF | 0.15 CHF |
| SWIFT (Bank Frick) | 11 CHF | 10 CHF |
| Withdrawal Method | Withdrawal Minimum | Withdrawal Fee |
|---|---|---|
| SIC (Bank Frick) | 100 CHF | 1 CHF |
| SWIFT (Bank Frick) | 100 CHF | 18 CHF |
JPY
| Deposit Method | Deposit Minimum | Deposit Fee |
|---|---|---|
| SWIFT (Etana Custody) | 15,000 JPY | 0 JPY |
| Withdrawal Method | Withdrawal Minimum | Withdrawal Fee |
|---|---|---|
| SWIFT (Etana Custody) | 15,000 JPY | 35 JPY |
Daily Limit
| Starter | Intermediate | Pro | |
|---|---|---|---|
| Deposit | $0 | $100,000 | $10,000,000 |
| Withdrawal | $0 | $100,000 | $10,000,000 |
Monthly Limit
| Starter | Intermediate | Pro | |
|---|---|---|---|
| Deposit | $0 | $500,000 | $100,000,000 |
| Withdrawal | $0 | $500,000 | $100,000,000 |
How To Use Kraken
Step 1: Create an account with Kraken.
Step 2: Enter the activation key sent to your email to activate your account.
Step 3: After opening the account, you need to fund it.
Step 4: You can fund your account using a wide number of different bank account methods.
Step 5: Click on deposit and follow the instructions. The amount you can deposit depends on your verification level.
Etoro
| Website: | etoro.com |
| CEO: | Yoni Assia |
| Headquarters: | London, United Kingdom |
| Founders: | David Ring, Ronen Assia, Yoni Assia |
| Founded: | 2007 |
| Customer service: | Knowledge Base |
Etoro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Since 2007, Etoro has been democratizing traditional money management in order to open the financial markets to everyone, everywhere.
Deposits may be made via online bank transfer, wire transfer, e-wallet (PayPal, Skrill, or Neteller), or bank card. Customers may withdraw funds from their Etoro account at any time, and without fees from the platform (though charges from your bank may apply).
Minimum first time deposit for US users is $100 USD and $200 USD for most countries.
Etoro accepts deposits in USD, EUR, GBP, and AUD. Watch this video to get a step-by-step guide on how to buy bitcoin on Etoro.
Pros
- Diverse selection of markets
- Excellent reputation
- User-friendly interface
- Great customer support
- Low fees
Cons
- Bitcoins can not be withdrawn
Disclaimer: Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more. https://med.etoro.com/B21058_A96320_TClick.aspx
Crypto assets are unregulated & highly speculative in some EU countries. No consumer protection. Capital at risk.
Crypto investing is offered by eToro (Europe) Ltd. and custody is provided by eToro Germany GmbH. Your capital is at risk.
eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. See PDS and TMD.
| Reputation | Fees | Privacy | Limits |
|---|---|---|---|
| Excellent | Low | High | High |
Established in 2007 in the United Kingdom, Etoro is a trading platform where users can purchase BTC using bank transfer or deposit.
For USA residents, online banking or SWIFT transfer is the simplest way to fund your wallet.
Depending on your country of residency, you can also fund your account with Neteller, Skrill, PayPal, VISA, or Mastercard which are all protected with SSL technology.
You must be at least 18 years old to open an Etoro account. The Etoro app is available on both iOS and Android devices.
Fees & Limits
Fees
| Type | Fee |
|---|---|
| Withdrawal Fee | $5 |
Minimum Withdrawal
| Type | Minimum Withdrawal |
|---|---|
| Withdrawal | $30 |
Deposit Methods
| Deposit Method | Information Needed |
|---|---|
| Debit Card | – Your card number – Your card’s expiry date – The CVV code (3 digits on the reverse side of your credit/debit card) |
| Wire Transfer | – Currency and the amount – Username and transaction reference number |
| Giropay | – The account name and number – The online password and a TAN to confirm the payment |
| E-wallet (PayPal, Skrill, Neteller) | – Login details – Once you’ve verified the details, click “Pay” – Within minutes your trading account should be credited – If for any reason your request is not approved, you will be notified by email |
Minimum First Time Deposit
| Country Of Residence | Deposit Limit |
|---|---|
| Australia & USA | $50 |
| Rest Of The World | $200 |
| Corporate Account | $10,000 |
Minimum Deposit Limits
| Purchase Method | Minimum Deposit |
|---|---|
| Wire Deposit | $500 |
| Credit Card, PayPal, Neteller, and Skrill | $50 |
Maximum Deposit Limits
| Purchase Method | Country | Deposit Limit |
|---|---|---|
| China UnionPay | Hong Kong | $50,000 |
| Debit Card | UK | $20,000 |
| Giropay | Germany | $30,000 |
| Neteller | UK | $10,000 |
| PayPal | Luxembourg | $10,000 |
| Skrill | UK | $10,000 |
| Wire Transfer | All | $100,000,000 |
| Wirecard | Germany | Wire – $100,000,000 Credit Card – $20,000 |
How To Use Etoro
Step 1: Create an account with Etoro.
Step 2: Enable multi-factor authentication.
Step 3: Click “deposit” and select “deposit funds”.
Step 4: Select ‘Online Banking’ or ‘Wire Transfer’ as the preferred payment method.
Step 5: Enter the desired deposit amount.
Step 6: Log in to your bank account to complete the deposit.
Step 7: Review the transaction details. If content with these, click “pay”.
Step 8: Once your Etoro account has been credited, go to the trading page. Here, choose your preferred market limit order and enter the amount of bitcoin you want to buy.
Disclaimer: eToro is a multi-asset platform which offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
76% of retail investor accounts lose money when trading with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Cryptocurrencies are a highly volatile unregulated investment product. No EU investor protection.
eToro USA, LLC does not offer any CFDs and makes no representations and assumes no liability for the accuracy or completeness of the content of this publication, which was created by our partner using publicly available, non-company specific information about eToro.
CEX IO
| Website: | cex.io |
| CEO: | Oleksandr Lutskevych |
| Headquarters: | London, United Kingdom |
| Founders: | Oleksandr Lutskevych, Dmytro Kalynovskyi, Victoria Polyakova, Peter Ivanov |
| Founded: | 2013 |
| Customer service: | Knowledge Base |
| More information: | Read Review |
CEX.IO is a multifunctional cryptocurrency exchange that is trusted by millions of customers worldwide and allows users to buy bitcoin with a credit card or debit card seamlessly.
CEX.IO boasts multiple payment options (SWIFT, SEPA, ACH, Faster Payments), 24/7 customer support, and proven platform stability.
CEX.IO accepts deposits in USD, EUR, GBP, and RUB.
Pros
- Established and trustworthy
- Supported worldwide
- Low fees
- Simple credit card purchases
- Clean user interface
Cons
- Verification procedure requires private information
- Lengthy verification time
| Reputation | Fees | Privacy | Limits |
|---|---|---|---|
| Excellent | Low | High | High |
Established in 2013, CEX.IO is becoming well-known among others in the trading industry. Its popularity comes from the easy purchase of BTC with a bank account from its platform.
CEX.IO supports bank deposits through VISA, Mastercard, ACH, SEPA, SWIFT, and Faster Payments.
Fees & Limits
USD
| Purchase Method | Deposits | Withdrawals |
|---|---|---|
| VISA | 2.99% | 3% + $1.20 |
| Mastercard | 2.99% | 1.8% + $1.20 |
| Bank Transfer | $0 | 0.3% + $25.00 |
| ACH Bank Transfer | $0 | $0 |
EUR
| Purchase Method | Deposits | Withdrawals |
|---|---|---|
| VISA | 2.99% | €0 |
| Mastercard | 2.99% | 1.8% + €1.50 |
| Bank Transfer | €0 | 0.3% + €25.00 |
| SEPA Bank Transfer | €0 | €0 |
GBP
| Purchase Method | Deposits | Withdrawals |
|---|---|---|
| VISA | 2.99% | 3% + £2.10 |
| Mastercard | 2.99% | 1.8% + £2.10 |
| Bank Transfer | £0 | 0.3% + £25.00 |
| Faster Payments | £0 | £0 |
Limits
| Purchase Method | Minimum Daily Deposit | Maximum Daily Withdrawal |
|---|---|---|
| VISA | $20 | $50,000 |
| Mastercard | $20 | $2,500 |
| SWIFT | $300 | Unlimited |
| ACH Bank Transfer | $20 | $100,000 |
| Faster Payments | £20 | £250,000 |
| SEPA Bank Transfer | €20 | Unlimited |
Account Limits
| Account Type | Daily Deposit | Daily Withdrawal |
|---|---|---|
| Intro | $500 | $100 |
| Identity | $3,000 | $10,000 |
| Address | $10,000 | $50,000 |
| Enhanced | Unlimited | Unlimited |
| Corporate | Unlimited | Unlimited |
How To Use CEX.IO
You can buy bitcoins in a few clicks after linking your bank account to your CEX.IO account.
Step 1: Create an account with CEX.IO.
Step 2: Verify your identity. This is easy to do and you have the support team to guide you.
Step 3: Go to the Deposit button on your dashboard and choose a payment method i.e. SWIFT.
Step 4: Enter all the necessary information to prove that you own the account. You can add more than one bank account.
Step 5: Purchase bitcoin directly or with the trading interface.
Paybis
| Website: | paybis.com |
| CEO: | Innokenty Isers |
| Headquarters: | Glasgow, United Kingdom |
| Founders: | Innokenty Isers, Konstantins Vasilenko, Arturs Markevics |
| Founded: | 2014 |
| Customer service: | Knowledge Base |
Paybis is a digital and cryptocurrency exchange that specializes in fast and reliable transactions while providing a large number of payment options.
Paybis accepts deposits in USD, EUR, CAD, GBP, and JPY.
Pros
- Large purchasing limits
- Wide range of payment options
- Intuitive and user-friendly interface
- Global support
- 24/7 Multilingual customer service
Cons
- Bank transfers can take 1 to 5 days to complete
- Above-average fees
| Reputation | Fees | Privacy | Limits |
|---|---|---|---|
| Excellent | High | High | High |
Established in 2014, Paybis is a crypto exchange that aims to facilitate the exchange of cryptocurrencies (and digital currencies) for users worldwide.
One of the biggest advantages of the platform is its wide range of payment options. You can choose from SWIFT wire transfers and SEPA bank transfers, and also some popular e-wallets like Skrill, Neteller, Payeer, and AdvCash.
Fees & Limits
Fees
| Purchase Method | Fee |
|---|---|
| Bank Account | Bank fees may apply |
Maximum Purchase Limits
| Schedule | Limit |
|---|---|
| Daily | $20,000 |
| Weekly | $50,000 |
How To Use Paybis
Step 1: Register on Paybis and fill in the required information. You can speed up the process by using your Facebook or G+ account to login instead.
Step 2: Log in to your newly created account and start a transaction, after selecting your payment and payout method.
Step 3: Go through a quick ID verification and enter the information of your payout option.
Step 4: All that is left to do now is follow the on-screen instructions and complete the payment. Your funds will be delivered as soon as we receive your payment.
That’s it! You have successfully completed a transaction on Paybis.
To wrap up, Paybis has been proven to deliver. The overwhelmingly positive customer feedback is a good sign that Paybis is one of the best exchanges to buy Bitcoin with bank account or wire transfer.
Coinmama
| Website: | coinmama.com |
| CEO: | Sagi Bakshi |
| Headquarters: | Israel |
| Founders: | Laurence Newman, Nimrod Gruber, Ilan Schuster |
| Founded: | 2013 |
| Customer service: | 24/7 email support and Knowledge Base |
| More information: | Read Review |
Coinmama specializes in selling Bitcoin and cryptocurrencies instantly with a credit card, or with bank transfer and is one of the most popular exchanges in the world.
Coinmama accepts all currencies, in particular, USD, EUR, GBP, CAD, AUD, and JPY.
Pros
- Available worldwide
- High purchasing limits
- Dependable and trustworthy
- Excellent leadership and customer support
- Fast and secure transactions
Cons
- High fees when purchasing with a credit card or debit card
- Delay in processing time
| Reputation | Fees | Privacy | Limits |
|---|---|---|---|
| Excellent | Low | High | High |
Established in 2013, Coinmama was created in Europe to provide easy funding of wallet through SEPA transfer in Europe.
Those that reside away from Europe can purchase BTC through Coinmama with SWIFT International Bank Transfer as their funding method. Purchases made with bank transfer are free, while there is a 5% processing fee for purchases made with a credit or debit card.
Fees & Limits
Momentum Fee
| Purchase Method | Fee |
|---|---|
| Credit Card / Debit Card | 5% |
| SEPA Bank Transfer | $0 |
| SWIFT | $0 |
| Faster Payments | $0 |
Minimum Purchase
| Purchase Method | Minimum Purchase |
|---|---|
| Credit Card / Debit Card | $50 |
| SEPA Bank Transfer | $50 |
| SWIFT | $1,000 |
| Faster Payments | $50 |
Account Limits
| Transaction Type | Level 1 | Level 2 | Level 3 |
|---|---|---|---|
| Overall Account Spending Limit | $15,000 | $50,000 | $1,000,000 |
| Daily Spending Limit | $12,000 | $30,000 | $30,000 |
| Monthly Spending Limit | $15,000 | $30,000 | $100,000 |
| Maximum # Of Daily Orders | 10 | 10 | 10 |
| Maximum # Of Monthly Orders | 50 | 50 | 50 |
How To Use Coinmama
Step 1: Create an account with Coinmama.
Step 2: Provide your documents and get your account verified.
Step 3: Get a crypto wallet to buy and sell cryptocurrency.
Step 4: Log into your account and choose the crypto you will like to buy with your preferred currency. Select the crypto amount and click on “buy now.”
Step 5: Enter your wallet address and choose your payment method. This can be a debit card, credit card or bank transfer using SEPA, SWIFT, or Faster Payments.
Step 6: Confirm your wallet address and your coins will be delivered.
Step 7: Visit “My Account” for more information.
Gemini
| Website: | gemini.com |
| CEO: | Cameron Winklevoss, Tyler Winklevoss |
| Headquarters: | New York, New York |
| Founders: | Cameron Winklevoss, Tyler Winklevoss |
| Founded: | 2014 |
| Customer service: | Knowledge Base |
Gemini is a simple, elegant, and secure way to build your bitcoin and crypto portfolio. Gemini has low fees and a strong reputation.
The dashboard makes it easy for investors to view a snapshot of their holdings upon login.
Gemini accepts deposits in USD, AUD, CAD, EUR, GBP, and HKD for trading.
Pros
- Ability to set real-time market limit orders
- Low fees
- Clean user interface
- Strong reputation
- Great customer support
Cons
- Exclusive to a limited number of countries
| Reputation | Fees | Privacy | Limits |
|---|---|---|---|
| Excellent | Low | High | High |
Established in 2014 by Cameron and Tyler Winklevoss, Gemini is one of the most commonly used BTC exchange platforms by investors.
There is a discount for first time traders and investors who trade more than 10 BTC within the first 30 days. Although Gemini is available in most U.S. states, Gemini does not currently serve Hawaii.
Gemini is secured and their funds are protected by FDIC. Customers can use ACH or SWIFT wire transfer to buy bitcoin.
Fees & Limits
Deposit Fees
| Deposit Type | Fee |
|---|---|
| ACH | $0 |
| Wire Transfer | $0 |
| Gemini Dollar | $0 |
Withdrawal Fees
| Withdrawal Type | Fee |
|---|---|
| ACH | $0 |
| Wire Transfer | $0 |
| Gemini Dollar | $0 |
Mobile & Web Purchases
| Order Amount | Transaction Fee |
|---|---|
| ≤ $10 | $0.99 |
| > $10 and ≤ $25 | $1.49 |
| > $25 and ≤ $50 | $1.99 |
| > $50 and≤ $200 | $2.99 |
| > $200 | 1.49% |
Limits
| Individual | Maximum Limit |
|---|---|
| ACH Deposit | $500 / Daily |
| ACH Withdrawal | $100,000 / Daily |
| Wire Transfer | Unlimited |
| Institutional | Maximum Limit |
|---|---|
| ACH Deposit | $10,000 / Daily |
| ACH Withdrawal | $100,000 / Daily |
| Wire Transfer | Unlimited |
Withdrawal Minimum
| Deposit Method | Minimum |
|---|---|
| ACH Transfer | None |
| Wire Transfer | $100 |
How To Use Gemini
Step 1: Create an account with Gemini.
Step 2: Enter your details and click on “Create My Account.”
Step 3: Check your email for the Activation Code to activate your account.
Step 4: Add your phone number for verification and you can use two-factor authentication to improve security.
Step 5: Now, fund your account to make your first purchase. You can use ACH deposit, SWIFT wire transfer, or crypto to fund your account.
Step 6: You can now make your bitcoin purchase.
Wirex
| Website: | wirexapp.com |
| CEO: | Pavel Matveev |
| Headquarters: | London, United Kingdom |
| Founders: | Dmitry Lazarichev, Pavel Matveev |
| Founded: | 2014 |
| Customer service: | Knowledge Base |
Wirex is a debit card that automatically converts multiple crypto and fiat currencies at the point of sale, letting you seamlessly spend money from your Wirex account in real life, anytime, anywhere.
Once you add money to your Wirex account you can exchange between any of the currencies in-app or online, instantly.
Wirex accepts deposits in AUD, CAD, EUR, CHF, CZK, GBP, HKD, JPY, MXN, SGD, and USD.
Pros
- Multiple funding methods
- Ability to purchase bitcoin at market rate
- Wallet and exchange
Cons
- The initial lag time
- Not supported in all countries
| Reputation | Fees | Privacy | Limits |
|---|---|---|---|
| Great | Low | High | High |
Established in 2014 in the United Kingdom, Wirex provides a solution to crypto and banking in the U.K. and several other countries.
On this platform, customers can fund their Wirex wallet using funds from their bank accounts. Conversely, these funds can be exchanged for BTC anytime.
To access all these features, you have to verify your identity and get approved. Bitcoin trading is made even easier on Wirex when you have the card and app available on both iOS and Android.
Fees & Limits
Account & Card Fees
| Europe | Asia | Rest Of World | |
|---|---|---|---|
| Account Maintenance | $0 | $0 | $0 |
| Card Maintenance | Per month: £1/€1.20/$1.50 | $0 | $0 |
| Card Issuance | $0 | $0 | N/A |
| Card Delivery | $0 | $0 | N/A |
Deposit And Transfer Fees
| Deposit Method | Europe | Asia | Rest Of The World |
|---|---|---|---|
| Credit / Debit Card | $0 | $0 | $0 |
| SEPA (IN) | $0 | N/A | $0 |
| SEPA (OUT) | $0 | N/A | $0 |
| Faster Payments (IN) | £0 | N/A | N/A |
| Faster Payments (OUT) | £0 | N/A | N/A |
| SWIFT (IN) | $0 | N/A | $0 |
| SWIFT (OUT) | $15 | N/A | $15 |
Limits
| Deposit Method | Europe | Asia | Rest Of The World |
|---|---|---|---|
| Maximum Balance | Unlimited | Unlimited | Unlimited |
| SEPA (IN) | $500,000 / Day | N/A | $500,000 / Day |
| SEPA (OUT) | $500,000 / Day | N/A | $500,000 / Day |
| Faster Payments (IN) | Unlimited | N/A | N/A |
| Faster Payments (OUT) | £3,000 / Day | N/A | £3,000 / Day |
| SWIFT (IN) | $500,000 / Day | N/A | $500,000 / Day |
| SWIFT (OUT) | $500,000 / Day | N/A | $500,000 / Day |
How To Use Wirex
Step 1: Create an account with Wirex.
Step 2: After activating your account, you need to order a Wirex debit card.
Step 3: To start using your account, you need to add some funds to your wallet. You can do this with a bank transfer through SEPA, SWIFT or Faster Payments.
Step 4: You can also fund your account using cryptocurrency.
Step 5: To use the Wirex app, you need to get a Wirex card. Visit your dashboard, select the card and fill out your personal information to order a card.
Step 6: Load money into your card and start trading bitcoin.
Recap Of The 8 Best Exchanges For Buying Bitcoin With Bank Account
The following is a list of the top 8 exchanges which we have already covered in this article for buying and selling bitcoin instantly using bank account or bank transfer as a payment method. Each exchange is supported in various countries and has its own procedures for setting up an account. Go to the official website of each one to learn more.
| Exchange | Founding Date | Supported Countries |
|---|---|---|
| Coinbase | 2012 | Worldwide |
| Kraken | 2011 | Worldwide |
| Etoro | 2007 | Worldwide |
| CEX IO | 2013 | Worldwide |
| Paybis | 2014 | Worldwide |
| Coinmama | 2013 | Worldwide |
| Gemini | 2014 | Worldwide |
| Wirex | 2013 | Worldwide |
Coinbase is the best place to buy bitcoin instantly with a bank account and have access to a wide range of cryptocurrencies.
Kraken and Etoro have low fees especially if you are moving large amounts with bank account or bank transfer.
Buying bitcoins with a bank account is a secure method for buying things online with little to no processing fees. You can move large amounts quickly and seamlessly with low fees attached to it.
Apps For Buying Bitcoin With Bank Account Instantly
There are many apps you can use to buy bitcoin with a bank account instantly. For example, the Coinbase app has been a top 100 app in the United States iOS app store for many months now.
| Exchange | Download App |
|---|---|
| Coinbase | iOS, Android |
| Kraken | iOS, Android |
| Etoro | iOS, Android |
| CEX IO | iOS, Android |
| Gemini | iOS, Android |
| Wirex | iOS, Android |
Where Can I Buy Crypto With Bank Account Instantly?
Most exchanges will accept some form of bank account or bank transfer as a payment method for purchasing bitcoin instantly. Every exchange that accepts deposits using a bank account or bank transfer has a selection of cryptocurrencies to choose from (As of August 8th, 2021) .
| Exchange | Supported Cryptocurrencies |
|---|---|
| Coinbase | BTC, BCH, ETH, ETC, LTC, ZRX, USDC, BAT, MANA, KNC, LINK, DNT, MKR, CVC, OMG, DAI, ZEC, REP, XLM, EOS, XTZ, ALGO, DASH, ATOM, OXT, COMP, ENJ, BAND |
| Kraken | BTC, ETH, XRP, LTC, BCH, ALGO, REP, BAT, ADA, LINK, ATOM, DASH, DAI, XDG, EOS, ETC, GNO, ICX, LSK, MLN, XMR, NANO, OMG, PAXG, QTUM, SC, XLM, USDT, XTZ, TRX, USDC, WAVES, ZCASH |
| Etoro | BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM, EOS, NEO, TRX, ZEC, XTZ, MKR, COMP, LINK, UNI, YFI, DOGE, AAVE, ALGO, MANA, ENJ, BAT, MATIC, SHIBA |
| CEX IO | BTC, ETH, BCH, DASH, LTC, XRP, XLM, TRX, BTT, MHC, ONT, ONG, ADA, NEO, GAS, ATOM, BAT, XTZ, MATIC, WABI, LINK, ZRX, HOT, USDT, COMP, LAMB, DOT, ZIL, UNI, YFI, SNX, KNC, BAL, CRV, WBTC, TUSD, SUSHI, YFII, BUSD, REN, BNT, OCEAN, SRM, KAVA, STORJ, GZIL, TON, GLM, USDC, GUSD, AWG, FUN, UTK, 1INCH, RENBTC, RSR, MANA, LRC, DNT, CVC, XSGD, ZWAP, HAPI, MKR, UMA, OMG, COTI, AWS, AAVE, ZAP, DOGE, BNB |
| Paybis | BTC, LTC, BCH, ETH, XRP, NEO, BNB, XLM, TRX, USDT, DOGE |
| Coinmama | BTC, BCH, ETH, ETC, ADA, LTC, XTZ, XRP, DOGE, LINK, UNI |
| Gemini | BTC, ETH, DOGE, UNI, GUSD, LTC, LINK, BCH, FIL, AAVE, DAI, ENJ, SNX, FTM, MKR, GRT, SUSHI, MATIC, COMP, BAT, ZEC, MANA, UMA, BNT, YFI, ZRX, ANKR, REN, CRV, LPT, LRC, 1INCH, KNC, MIR, SKL, SAND, STORJ, ALCX, BAL, OXT, AMP, ING, PAXG, BOND, CUBE, CTX, XTZ |
| Wirex | BTC, ETH, LTC, XRP, XLM, WXT, WAVES, DAI, NANO, LINK, MKR, AAVE, YFI, UNI, UMA, OMG, BAT, ZRX, SNX, FTT, COMP, REP, BNT, BAL, 1INCH |
What Other Options Do I Have For Buying Bitcoin With My Bank Account?
- Citizens of the United States should have a look at our guide to buying bitcoin with ACH bank transfers.
- Citizens of the European Union should have a look at our guide to buying bitcoin with SEPA bank transfers.
- Citizens of the United Kingdom should have a look at our guide to buying bitcoin with Faster Payments.
- Citizens in any and every region of the world should have a look at our guide to buying bitcoin with SWIFT international wire transfers.
Conclusion
Buying bitcoin with a bank account is a simple and secure method for getting started. If you would like to use bank transfer as a method of payment, compare the features of the different trading platforms available and use the gathered information to make the choice that is best for you.