Last Update February 20th, 2022. Simple Bank is an American neobank that provides access to online banking and budgeting tools inside of an all-in-one app.
The Simple Bank app is also a popular method of payment for buying and selling bitcoin instantly and securely.
Paxful is the main person-to-person marketplace that accepts Simple Bank as a payment method.
How Can I Buy Bitcoin With Simple Bank?
If you want to buy bitcoin using Simple Bank then you have to find a reputable exchange or marketplace that will let you do it.
How To Buy Bitcoin With Simple Bank On Paxful Summary
- Create an account with Paxful.
- Verify your account.
- Go to “Buy Bitcoin” and look for Simple Bank App.
- Open a trade with the vendor and complete the terms.
- Receive bitcoins directly into your Paxful wallet.
That’s it! You have successfully purchased bitcoin with Simple Bank as the payment method.
How To Buy Bitcoin With Simple Bank
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
| Reputation | Fees | Privacy | Limits |
|---|---|---|---|
| Excellent | Low | High | High |
What Is Simple Bank?
Introduced in 2009, Simple Bank is a personal online banking app and provides FDIC-insured checking accounts to citizens of the United States. You can make a bitcoin purchase at any time using the Simple Bank issued Visa debit card.
The Simple mobile banking app is available for both iOS and Android devices.