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Where to Buy Bitcoin with a Bank Account

Byline: Hannah Parker

There are several ways to buy Bitcoin and other cryptocurrencies. This includes using financial apps, crypto exchange platforms, trading apps, traditional brokers, Bitcoin ATMs, and hot and cold wallets. In addition, you can buy Bitcoin using a bank account, which is an incredible option for all investors, making digital currency more accessible. 

Cryptocurrency has grown exponentially in reputation and popularity over the last few years. Moreover, the crypto market is now growing to be more stable, secure, and lucrative, leading to many jumping into the bandwagon by making investments and acquiring digital assets which are valuable and sustainable. More than 40 million people possess Bitcoin, which is expected to continue growing.

Why buy Bitcoin using a bank account?

Using a bank account to purchase Bitcoin is a smart and relatively easy process. Using a bank account offers a quick transaction meaning one can buy Bitcoin or any other cryptocurrency instantly. Most payments made with a bank account are processed in no more than seven days, allowing one to buy and store their BTC in their account. Connecting a bank account with an exchange platform is also a fairly easy and secure process that bypasses the hassles of setting up accounts where an investor would want to use an e-wallet as a form of payment.

The most significant benefit of using a bank account is security! Banks have intensely fortified security measures to protect an investor’s or their customer’s money by preventing fraud. Moreover, it is an affordable way to make payments from a bank to a broker or exchange platform — the connection between the two allows instant Bitcoin purchasing. Overall, bank accounts are the cheapest method of buying cryptocurrency compared to the other options. 

Three crypto exchanges that allow bank accounts

  1. eToro:

eToro is a crypto exchange that supports trading in 30+ cryptocurrencies and an online brokerage platform with a limited selection of stocks and exchange-traded funds (ETFs). It is a great broker for beginners as it is easy to use and can be accessed on Android and iOS. With eToro, an investor can easily buy, store, receive, and transfer crypto on the eToro money wallet from an ever-growing list of assets. The platform grants access to over 2000 financial assets, including over 50 cryptocurrencies. eToro is also reputable and popular as it amasses over 30 million users in 140 countries.


Vary according to crypto/spread.

Account minimum:

  • $50


  • A vast range of payment methods
  • Crypto wallet supported
  • Easy trading interface
  • Copy trading tools
  • Supports over 50 cryptocurrencies


  • $10 inactivity fee
  • It does not support credit card buys for US users.

2. Gemini:

Gemini is a cryptocurrency platform with a website and a mobile app for buying, selling, storing, and spending cryptocurrencies. Its major selling points are security and ease of use. It supports trading in more than 120 cryptocurrencies and has its own currency, the Gemini stablecoin. 

Customers in the United States can purchase BTC by funding their account with ACH transfer.


  • Trustworthy and regulated exchange
  • It provides some of the lowest fees in the US and Canada
  • Provides instant deposits that let you buy coins speedily


  • New users may find it complex and confusing

3. Coinbase –

Coinbase is a secure online platform for buying, selling, transferring, and storing cryptocurrency. You can buy popular coins like Bitcoin, Ethereum, and Solana. Not every coin is supported on Coinbase, but more than 120 different types of cryptocurrencies are on the platform. 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 with ACH take five 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 as a backup to unlock instant payments via bank transfer.


  • Easily understandable for beginners
  • An easy way for beginners to buy coins
  • High liquidity and buying limits


  • Purchases made with bank transfer can take up to five days to process
  • Coinbase may track how and where you spend your Bitcoins.

Bitsoft360 a reputable crypto news source and crypto resource, names and supports the above crypto exchanges as part of the best crypto exchanges for the year.

Apart from the above-mentioned brokers where one can buy Bitcoin using a bank account, many more unmentioned brokers/crypto exchange platforms support bank accounts to purchase various cryptocurrencies, not just Bitcoin. The crypto market and industry have grown exponentially and are continuing to expand and influence different markets and industries through partnerships with them. Less than a decade ago, it would have been impossible to see banks working with crypto markets. However, this has changed, and so has the reputation of cryptocurrencies.

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