How to Buy Bitcoins with Bank Account or Bank Transfer

This page lists companies that will let you buy bitcoins with a bank account or bank transfer. Some countries offer specific transfer types, like SEPA transfer or ACH transfer (USA).

 

Coinbase is the world’s largest bitcoin broker. In the United States you can buy bitcoin with a connected bank account via ACH bank transfer. In Europe you can buy with your bank account via SEPA transfer. Purchases made with ACH take 5 days for the coins to be delivered, while SEPA purchases take less than two days. Coinbase charges a flat 1.49% fee on all transactions. Americans may add a Visa or Mastercard credit card to as a backup to unlock instant payments via bank transfer.Pros

Pros
  • High liquidity and buying limits
  • Easy way for newcomers to get bitcoins
  • « Instant Buy » option available with debit card
Cons
  • Purchases made with bank transfer can take up to 5 days to complete
  • Coinbase may track how and where you spend your bitcoins
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Average
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Reputation
Trusted
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Limits
High

Coinmama supports buying in Europe via SEPA transfer. All other countries can send money to Coinmama using International Bank Transfers (SWIFT). There are no fees on purchases of 1000 EUR or more, while purchases under 1000 EUR cost 20 EUR in fees.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
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Fees
Average
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Reputation
Trusted
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Limits
High

eToro is a trading platform and crypto exchange. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.

Deposits can be made quickly via bank transfer, SEPA, NETELLER, PayPal and more. It also offers unique features like copy trading.

Pros
  • Offers unique copy trading feature
  • Trusted echange that has been active in traditional finance
  • Interface is clean and easy to use
Cons
  • You cannot deposit cryptocurrency, but you can deposit with other payment methods
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High

CEX.io allows for purchases of bitcoins using ACH in the USA or via SEPA transfer for EU countries.

Pros
  • Support for many countries and regions
  • Low 0.2% trading fee
  • Established and trusted exchange
Cons
  • Verification process is extensive, requiring much personal information (including a photo) and incurring a long delay
  • GBP market lacks liquidity

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Ease of Use
Average

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Privacy
Low

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Speed
Average

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Fees
Average

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Reputation
Trusted

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Limits
Average

Bitpanda accepts bank account payments via SEPA, SOFORT, and Online Bank Transfer.

Pros
  • Some of the lowest fees for buying bitcoins with credit/debit card
  • Reliable and trusted broker
Cons
  • Fees aren’t shown openly on the site but instead included in the buying price

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Ease of Use
Easy

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Privacy
Low

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Speed
Fast

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Fees
Low

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Reputation
Trusted

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Limits
High

US customers can fund their Coinbase Exchange trading accounts via ACH or bank wire. Residents of Europe and the UK can fund with SEPA transfer.

Pros
  • Some of the lowest fees available for US and EU customers
  • Possible to buy bitcoins for 0% fees
Cons
  • User interface is confusing for first time buyers

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Ease of Use
Hard

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Privacy
Low

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Speed
Average

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Fees
Low

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Reputation
Trusted

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Limits
High

Kraken is the world’s largest euro-denominated Bitcoin exchange based on daily average trading volume. It supports bank transfer deposits from US, European, Canadian, British, and Japanese customers. Deposits can be made via international bank transfer, SEPA transfer, and Interac.

Pros
  • Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
  • Very low maker fee, falling to 0% with sufficient trading volume
  • Highly-rated for security and data protection
Cons
  • Requires ID verification, so not private

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Ease of Use
Hard

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Privacy
Low

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Speed
Average

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Fees
Low

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Reputation
Trusted

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Limits
High

US customers can purchase bitcoins on Gemini by funding their account with ACH transfer.

Pros
  • Trustworthy and regulated exchange
  • Instant deposit lets you buy coins quickly (but not withdraw them)
  • Some of the lowest fees in the US and Canada
Cons
  • Somewhat confusing to use for new buyers
  • Not yet available in all US states

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Ease of Use
Hard

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Privacy
Low

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Speed
Slow

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Fees
Low

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Reputation
Trusted

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Limits
High

Residents in Austria can buy bitcoins with a bank account online using SOFORT transfer.

Pros
  • Trusted and established exchange
Cons
  • Limited payment methods available
  • ID verification is required for their exchange, so not private

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Ease of Use
Average

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Privacy
Low

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Speed
Fast

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Fees
Low

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Reputation
Trusted

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Limits
High

Paymium is a Bitcoin exchange based in France; anyone in the country can get bitcoins with a bank transfer using Paymium.

Pros
  • Established and trusted exchange
  • Mobile app available
Cons
  • ID verification required for amounts over €2,500, so not private

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Ease of Use
Easy

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Privacy
Low

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Speed
Fast

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Fees
Low

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Reputation
Trusted

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Limits
High

Bity is a Bitcoin broker that makes it possible for all Europeans to purchase bitcoins with SEPA. At first, only verification using a phone number is required.

Pros
  • Easy to start buying bitcoins after mobile phone verification
  • Payment limit of up to €100,000 annually after intensive verification
Cons
  • ID verification is required for most purchases, so not a private way to buy
  • Low annual limit of only €4,000 without intensive verification

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Ease of Use
Average

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Privacy
Low

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Speed
Fast

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Fees
Low

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Reputation
Trusted

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Limits
High

Pros
  • Available from 32 countries
  • Offers a wide variety of payment methods
  • Deep liquidity ensures prices near the fair market rate
Cons
  • Not a private way to buy since ID verification is required

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Ease of Use
Easy

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Privacy
Low

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Speed
Fast

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Fees
Low

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Reputation
Trusted

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Limits
High

Bitstamp is one of the world’s largest Bitcoin exchanges. It makes it easy for Europeans to purchase large amounts of bitcoins fast with SEPA bank transfer. Almost anyone in the world can use their bank account to send a wire transfer to Bitstamp, although fees may apply.

Pros
  • One of the longest-running Bitcoin exchanges
  • Very low 0.25% fee, falling to 0.1% with sufficient trading volume
  • Good range of deposit and withdrawal options
  • Deep liquidity promotes a price close to fair market rate
  • Offers wide range of altcoins
Cons
  • Has been hacked before, users should not store funds on the exchange for any period of time
  • Geared towards traders; slightly confusing for first time buyers
  • High 8% fee on small credit card purchases, falling to 5% with sufficient trading volume

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Ease of Use
Hard

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Privacy
Low

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Speed
Slow

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Fees
Average

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Reputation
Trusted

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Limits
High

Athena Investor Services offers a unique way to purchase Bitcoin. It’s aimed at large volume buyers who are looking to buy between $10,000 and $500,000 worth of bitcoins. The fees are 4% per buy. The fees are high because Athena will work with you and walk you through the buying process with them and offers personalized help. You can only pay via bank wire at this time.

Pros
  • Easy way to purchase bitcoins for new buyers
  • High limits for first time buyers
Cons
  • Higher fees compared to other ways to buy bitcoins with bank transfer in the USA

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Ease of Use
Easy

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Privacy
Low

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Speed
Average

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Fees
High

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Reputation
Trusted

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Limits
High

CoinCorner is a Bitcoin exchange based in the Isle of Man. Users in the UK and Europe can purchase bitcoins with SEPA, credit/debit card, or GBP bank transfer.

Pros
  • Trusted and regulated company in the UK
  • Wide range of payment options
  • Good customer support
  • Instant credit card purchases
  • Supports a very wide range of countries
  • Video tutorials covering the basics of Bitcoin and buying and selling
  • Multi-sig security features
Cons
  • 1% trading fee slightly high by European standards
  • Offers a mobile wallet but this is not ideal for bitcoin storage
  • Requires ID verification, so not private
  • Does not provide exchange prices for comparison without sign-up

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Ease of Use
Easy

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Privacy
Low

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Speed
Average

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Fees
Average

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Reputation
Trusted

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Limits
Average

Bitfinex allows customers to deposit large amounts of funds using SWIFT.

Pros
  • Very low fees even for low volume buyers; 0.1% for market makers and 0.2% for market takers
  • One of the best ways to buy large amounts of bitcoins
  • Allows lending of fiat or bitcoin to margin traders at interest (but this is risky in light of the hack)
  • Very deep liquidity promotes a price close to fair market rate
  • Supports several altcoins
Cons
  • 1Was recently hacked and has yet to fully compensate all users for their loss
  • Geared towards traders; possibly quite confusing for first time buyers
  • Single payment option

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Ease of Use
Hard

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Privacy
Low

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Speed
Varies

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Fees
Average

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Reputation
Low Trust

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Limits
High