Debit CardBank AccountPayPalGift Card
Simple Logo

Last Update May 30th, 2020. 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

  1. Create an account with Paxful.
  2. Verify your account.
  3. Go to “Buy Bitcoin” and look for Simple Bank App.
  4. Open a trade with the vendor and complete the terms.
  5. 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

Paxful Homepage

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

What Is Simple Bank?

Introduced in 2009, Simple Bank provides FDIC-insured checking accounts to United States citizens and gives its customers access to a personal online banking system that can also be accessed through the app (iOS and Android).

Using the Simple issued Visa debit card, you can make a bitcoin purchase at any time.

How Simple Bank Works