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eCheck

eCheck is a popular way to make payments online with little to no fees. An eCheck transfer uses the routing and account number of your bank account to make a payment or deposit and may require a day or two to process fully.

In this guide, we are covering the best ways you can buy bitcoin directly using eCheck.

Best Trading Platform

Etoro

The World’s Leading Social Trading And Investment Platform For Cryptocurrency

Virtual currencies are highly volatile. Your capital is at risk.

Best Bitcoin Exchange

CEX.IO

The Easiest And Most Secure Platform To Buy & Trade Cryptocurrency

Best Bitcoin App

Coinbase

The World’s Leading Cryptocurrency Exchange Trusted By Over 30 Million Users

Last Update May 5th, 2022. An eCheck is an electronic version of a paper check that is used to make payments online. eChecks are more efficient and less wasteful than normal checks and are often used to make purchases on the Internet.

eCheck is also a popular method payment for buying and selling bitcoin instantly and securely.

If you are buying or trading bitcoin in high volumes with eCheck our recommendation is to use Etoro or CEX.IO for your trading needs.

Where To Buy Bitcoin With eCheck (Routing And Account Number)

Company
Fees
Countries Supported
Etoro

Free, $5 withdrawal fee Worldwide
CEX.IO

FreeWorldwide
Coinbase


Free102 countries (see full list)
Paxful

Free, 0.1% to 5% for sellersEvery country except for a few (see banned countries)

How Can I Buy Bitcoin With Echeck?

If you want to buy bitcoin using eCheck then you have to find a reputable exchange or marketplace that will let you do it.

How To Buy Bitcoin With eCheck On Etoro Summary

  1. Create an account with Etoro.
  2. Verify your account.
  3. Connect your bank account and fund your trading portfolio.
  4. Go to ‘Bitcoin’ and select the amount you want to buy.
  5. Bitcoins are added to your Etoro portfolio.

That’s it! You have successfully purchased bitcoin with eCheck as the payment method.

8 Ways To Buy Bitcoin With eCheck

Etoro USA

Rating:

Website:etoro.com
CEO: Yoni Assia
Headquarters: Hoboken, New Jersey
Founders:David Ring, Ronen Assia, Yoni Assia
Founded:2007
Customer service: Knowledge Base

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).

Etoro USA LLC does not offer CFDs, only real Cryptoassets are available for US users.

Minimum first time deposit for US users is $50 USD and $200 USD for most countries.

Etoro accepts deposits in USD, EUR, GBP, and AUD.

Pros

  • Diverse selection of markets
  • Excellent reputation
  • User-friendly interface
  • Great customer support
  • Low fees

Cons

  • Bitcoins can not be withdrawn

Disclaimer: eToro USA LLC is a registered money services business with FinCEN. Virtual currencies are highly volatile. Your capital is at risk.


ReputationFeesPrivacyLimits
ExcellentLowHighHigh

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.

67% 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

Rating:

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

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Coinbase

Rating:

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

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

CoinSmart

Rating

Website:coinsmart.com
CEO:Justin Hartzman
Headquarters: Toronto, Canada
Founders:Justin Hartzman, Michael Koral, Jeremy Koven
Founded:2018
Customer service: FAQ, 24/7 Ticket Support and Live Chat

CoinSmart is one of the leading Canadian crypto trading platforms that allows users to buy and sell crypto.

CoinSmart accepts deposits in USD, EUR, GBP, and CAD.

Pros

  • Caters to all levels of crypto experience
  • Easy-to-use interface for basic and advanced traders
  • 24/7 Support
  • Low trading fees
  • High fiat transaction limits
  • Fast and secure transactions

Cons

  • High fees when purchasing with a credit card or debit card

Reputation Fees Privacy Limits
Excellent Low High High

Bittrex

Rating:

Website: bittrex.com
CEO: Bill Shihara
Headquarters: Seattle, Washington
Founders:Bill Shihara, Richie Lai, Rami Kawach
Founded:2013
Customer service: Knowledge Base

Bittrex is one of the largest cryptocurrency trading platforms in existence and serves customers all over the world.

Bittrex currently accepts deposits in USD for fiat trading only.

Pros

  • A large number of cryptocurrency pairs
  • Strong security
  • Privacy

Cons

  • Customer support

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Paxful

Rating

Website: paxful.com
CEO: Ray Youssef
Headquarters: New York, New York
Founders:Ray Youssef, Artur Schaback
Founded:2015
Customer service: Knowledge Base
More information:Read Review

Paxful is a person-to-person marketplace that supports over 300 payment methods.

Paxful gives vendors the ability to create offers in all currencies.

Pros

  • Escrow system
  • Security
  • Diverse payment methods
  • Simple user interface (UI)
  • Wide variety of sellers

Cons

  • Buyers and sellers are at risk of being scammed

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Gemini

Rating:

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

LocalBitcoins

Rating:

Website: localbitcoins.com
CEO: Sebastian Sonntag
Headquarters: Helsinki, Finland
Founders:Jeremias Kangas
Founded:2012
Customer service: Knowledge Base
More information:Read Review

LocalBitcoins is a person-to-person bitcoin trading platform that specializes in connecting buyers and sellers.

LocalBitcoins gives vendors the ability to create offers in all currencies.

Pros

  • Available in every country of the world
  • A diverse selection of buyers and sellers
  • Supports many payment methods
  • Buyers get their bitcoins fast
  • Private

Cons

  • Lack of cryptocurrency diversity
  • Both sellers and buyers have a chance of being scammed.

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

What Is An eCheck?

An eCheck is an electronic version of a paper check that has its own processing time and has less waste than a traditional check and can be used for online payments. An eCheck payment consists of a routing and account number that is used to process payment through the ACH system.

In order to process an eCheck, money is electronically transferred from the sender’s checking account and deposited into the recipient’s checking account while passing through the ACH network.

How An eCheck Works

The eCheck Payment Cycle