Last Update April 8th, 2020. Online Banking, also known as Internet banking or web banking, is an electronic payment system available for banking customers to make financial transactions directly through a financial institution’s website or app. Most banks around the world offer this payment method as a service.
Online banking is also a popular payment method for buying bitcoin.
If you are buying or trading bitcoin in high volumes with Online Banking our recommendation is to use Etoro for your trading needs.
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How To Buy Bitcoin With Online Banking
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Etoro is a multi-asset platform that 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. 75% of retail investor accounts lose money when trading CFDs 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.
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, and the minimum deposit amount is $50. 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 accepts deposits in USD, EUR, GBP, JPY, AUD, RUB, CNH, and CAD.
- Diverse selection of markets
- Excellent reputation
- User-friendly interface
- Great customer support
- Low fees
- Bitcoins can only be withdrawn in the form of fiat currency
Disclaimer: 75% of retail investor accounts lose money when trading CFDs
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
75% 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.
What Is Online Banking?
Online Banking is a service provided by most banking institutions for making quick, convenient and secure transactions. Online Banking has a low overhead and 24/7 access, and is most commonly used for paying bills.
What Countries Support Online Banking?
Online Banking can be found in every region of the world. Most banking institutions offer Online Banking as a service for their customers. Check with your local bank to see if they offer this service.