Check out our guide to the best bitcoin wallets for more info on how to choose and use a wallet. Daily cryptocurrency news digest and breaking news delivered to your inbox. Is it safe to buy crypto using a bank account? They have a great security system and are extremely trustworthy.
What are the pros of buying with a bank account?
Buying Bitcoin with a bank account is by far the cheapest buy bitcoin with bank transfer instant in terms of fees, and therefore, the best option if you want to maximize your profits. Another good aspect of using your bank account to buy Bitcoin is that you are able to pick and choose which exchange you want to go with more freely — since most exchanges offer bank transfer as a payment method. Another advantage of using your bank account is that the limits are way higher than for example credit card or PayPal. However, with a large selection witg exchanges comes a more difficult time making the decision than for example having exchanges to pick. Do not worry, in this tutorial we will present the results we have gathered in our research of finding the best way to buy bitcoin with a bank account. First and foremost we got the fees. Using a Bitcoin exchange should be easy, wifh for a beginner.
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Check your account number before we start exchange. You can also choose from our available packages:. Sell Now. Some countries have already given the official status to BTC. So, it is already possible to pay with virtual coins in cafes and restaurants, pay rent and even utilities in Belarus, the USA, Canada, Japan and other countries. BTC is easy to buy today. It is important for someone to get dollars, euros or rubles any fiat currency into which BTC can be converted as quickly as possible.
What are the cons of buying with a bank account?
Buying Bitcoin with a bank account is by far the cheapest option in terms of fees, and therefore, the best option if you want to maximize your profits. Another good aspect of using your bank account to buy Bitcoin is that you are able to pick and choose which exchange you want to go with more freely — since most exchanges offer bank transfer as a payment method. Another advantage of using your bank account is that the limits are way higher than for example credit card or PayPal.
However, with a large selection of exchanges comes a more difficult time making the decision than for example having exchanges to pick. Do not worry, in this tutorial we will present the results we have gathered in our research of finding the best way to buy bitcoin with a bank account. First and foremost we got the fees. Using a Bitcoin exchange should be easy, even for a beginner. We think that low fees and high limits can weigh up to a non-user friendly platform since eventually, you will get used to the platform.
Support is also a big one in our opinion. When using a service, or trying to verify yourself, there will always be errors or problems, no matter which exchange you pick. The important part here is how well they help you get through the problem and how quickly they respond. This is an optional factor to consider, but for some the limits on the exchange are important. Now that we have looked at the most important factors to factor in when picking the best exchange, it is time to go through the best exchanges that accept bank transfer.
With 13 million users, far more than the biggest stock brokerage, it is a powerhouse. With Coinbase, if you are a U. The platform is extremely easy to use and can literally be used by anyone yes, even you grandma! During peaks in the interest of Bitcoin the customer support can be rather slow, this is understandable since Coinbase sometimes getnew users per day. Slow support is something to be expected for most exchanges out.
The customer support seriously sucks at some exchanges, and while the Coinbase support can take a few days to answer, it is by far one of the friendliest and most helpful support team we have talked to. Signup to Coinbase. Next in line is BitPanda. BitPanda is, for now, only available in Europe, so for U.
The platform is easy to use and got a modern look if that matters to you. A processing time of only up to 3 days combined with the high limits and low fees make BitPanda a great option for our European readers. The fees are not publically shown but rather included in the price when buying Bitcoin, which makes it hard to calculate exactly what percentage the fees are at. The support is great and really helpful.
They even got their own support thread at BitcoinTalk. You can use the thread to find out an answer to your questions that are not considered personal. You can also send them an email if you want to have the conversation in private. BitPanda would probably put up a harder fight against Coinbase as the no. But for European customers, BitPanda is a fast and cheap choice.
Signup to bitpanda. This makes GDAX the cheapest option available for bank transfer. So, why is it placed third? Their user interface is hard to understand at first, which makes the incentive of a low fee less exciting. We do not understand why Coinbase would make their sister platform this hard, but our guess is that GDAX is more supposed to be used for more experienced users.
The support is like the others above really good and friendly, so do not hesitate if you get stuck in the process of buying Bitcoin or verifying your identity. But, of course, a beginner will adapt to it when they have used it for a while, so even beginners can give it a shot in our opinion. There is no exchange that can offer a lower fee than GDAX, which makes it a really interesting option. They also offer some of the lowest fees in Canada and USA which makes them a great choice overall.
The other con of this exchange is that they are not yet available in buy bitcoin with bank transfer instant US states, unfortunately.
They also guarantee a refund in case of delay in delivery. SEPA transfer is not available with Bittylicious, and their platform looks kinda cheap. They are however a legitimate exchange that is trustworthy. Coinfloor has a deposit minimum of currency units 1, EUR or 1, poundsthis excludes the average Joe who wants to invest a smaller amount of money, but at the same time gives those investing a bit more money more focus and can offer faster support due to not as many users.
But if you are not from Austria, we would recommend you to look. Based in France, Paymium offers bank transfers for those living in France. They have a great mobile app that you can use to trade and sell your Bitcoins on the go or if you are traveling. If you are located in France bonjour! Safello is available in 32 countries and offers a wide variety of payment methods; including bank transfer.
Support staff is available during weekdays from 8 AM to 1oPM which is a big plus. Safello is a great option overall with great support and a user-friendly platform. We totally recommend it! With CoinCorner you get access to your own mobile wallet available on Apple, Windows and Android phones.
With a trading fee of 0. They, like CoinCorner, offer an included wallet. This is good for small amounts of Bitcoins but if you have a large sum of Bitcoins we highly recommend you get a hardware wallet. Cubits is a great option for Europeans that want to buy Bitcoin easily with an easy-to-use platform. Your email address will not be published.
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How To Buy Bitcoin using Bank Transfer I
What are the cons of buying with a bank account?
We may receive compensation when you use Bitpanda. In addition to the above-mentioned states, they also support, Washington D. Paymium is a Bitcoin exchange based in France; anyone in the country can get bitcoins with a bank transfer using Paymium. We may also receive compensation if you click on certain links posted on our site. Coinmama Popular. Visit Coinbase Read Review. Fiat-to-crypto trades usually attract higher fees than crypto-to-crypto trades.
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