Ben Todd | Jun 3, 2017 | 2
How to Buy Bitcoin With a Bank Account
In this article, you will find the longest online list on the Internet of exchange companies that allow you to buy bitcoin with a bank account. Our massive list features online exchange websites and online marketplaces where you may buy bitcoin with a debit card, or a bank transfer, or wire transfers from your bank.
It seems that different companies, different marketplaces, different exchanges and different traders have varied views on paying with a bank account. For example, if you wish to pay with a wire transfer, then some will charge you higher fees because they are charged fees. Yet, due to the fact that wire transfers are difficult to reverse (like bitcoin transfers), there are some people who will charge you less than if you wished to pay with a debit card or credit card.
How To Buy Bitcoin With A Bank Account?
Find a bitcoin exchange or a marketplace that has traders. Find the ones that accept bank transfers, wire transfers from banks, and that accept debit cards. With all those three bank account options, you have a pretty good chance of finding a place to buy bitcoin with a bank account. The websites on this article offer at least one of those payment options, and some offer all three.
The large list of websites/companies below comprises of exchange companies (brokers) and of bitcoin marketplaces. Bitcoin marketplaces allow you to transact (buy/sell) from other traders. The list we have here is almost comprehensive, and it is certainly the longest list you are going to find of companies that accept bank account deposits and payments.
The list below is in alphabetical order. I have not put them in any sort of quality or service order. This is not one of our best lists, so a few of these are going to be okay and a few are going to be better than okay. It is up to you to find the one that is right for you.
This list is not a comprehensive list of all the exchanges/marketplaces were your may buy bitcoin with a bank account, but it is the largest list of bank account accepting bitcoin traders and exchange companies the Internet.
They are currently out of service at the time of writing because of some issue with their bank. Nobody knows when and if the website will come back, but it may be worth keeping an eye on it for now.
This company allows you to search for bitcoin brokers. They try to put you in touch with bitcoin exchange companies and brokers who accept your type of payment. Select your preferred payment type and see what they have to offer.
You may add money to your account by using a wire transfer from your bank account (and maybe from places such as Western Union and MoneyGram), or you may choose the credit card option. This company has a few fans here and there, so it may be worth watching to see if it becomes bigger and better.
They offer a number of different ways to deposit into your account. Their deposit methods are listed here. At the moment, you are allows to pay by wire transfer, but there is a minimum limit and a small fee for funding with wire transfers.
They used to be called Coinimal. They allow you to pay by online bank transfer and by Mastercard, Soforttransfer, Visa, EPS, Neteller, Giropay, Skrill, OKPay and by SEPA. The website also has a great FAQ section that actually addresses payments instead of having people contact them to ask. I have not done a great deal of research into this one, but I wouldn’t be surprised if it were based in China judging by the new name (despite the fact that the website is registered in Austria).
This is a company that used to sell to Europe and has now started offering its services to numerous different countries. They offer fair limits, and they accept both credit cards and debit cards.
Bittrex say they will accept debit cards and credit cards very soon. There are numerous ways to fund your account, with the only downside being that wire transfers must be for large amounts. At the time of writing, you have to be a highly verified customer and you have to wire transfer at least $10,000 to make it worth their while. This policy will probably change as bitcoin becomes more mainstream.
Send a direct bank transfer or send a POLI transfer. They are based in Australia, which means you may have to convert your currency, but see what they say when you get to their website because they do a lot of international trading.
BTC-e was a bitcoin exchange, but it has disappeared for the moment. Maybe it will be back, but it doesn’t look like it so far. This website may be gone for good, but feel free to check back now and again. I only included it because it used to be okay, but for some reason somebody wanted rid of it.
The CEX company is happy to accept credit cards and debit cards. They are aware that they are putting themselves at risk by accepting credit cards and debit cards so easily, but they make up for the risk by charging more than many others do. The buying process is very easy. Will you be able to find cheaper rates, yes you will, but what you are paying for is ease of use and the ability to use your debit or credit card card without any unnecessary complexity.
Coinbase has an FAQ support section on how to buy bitcoin with your debit card. They are happy to accept debit cards from people in the US. They may start accepting them from other people in other countries in the near future.
CoinExchange.io offers a great place to buy some of the most obscure and unknown alternative coins. The trouble is that they don’t currently allow you to add money to your account. You may only add cryptocurrency to your account. This may change in the future, but at the moment it seems that they are doing rather well by exploiting their edge, which is the ability to buy rarer and lesser known alt coins.
They have a limited range of people they are willing to sell to. If you are not French or not living in the EU, then you are probably going to struggle to get them to trade with you. Nevertheless, if you have a French address and French bank account, then you may buy from Coinhouse.
This company is rather good at hiding its fees by leaving them as the very last thing they tell you before you make your trade. It says on their home page that they still accept debit cards and credit cards.
We wrote an article called how to use Cryptonit to buy bitcoin. It explains how you may fund your account using your bank account. It is even possible to fund your account with PayPal.
I keep sneaking this website onto these types of articles even though I shouldn’t. They will not accept any form of regular currency deposit. However, their website allows you to arbitrage and buy real-life objects to the point where you may creative and find your own way of getting bitcoin while actually spending from your bank account.
They accept wire transfers and they accept bank transfers. They have not really found a way to shine yet, but some people trust the company because it was set up by the Winklevoss twins who may have come up with the original idea for Facebook. There are a few negative reviews about it on the Internet, but even though the Gemini website seems to enjoy the smell of its own farts, it doesn’t seem like a bad exchange company.
This company will not allow you to pay with credit cards and PayPal, but it will allow you to send bank transfers over into your account. You may fund your account with US dollars, British Pounds and Euros. As a verified member, you may transact 2,000 per day and 10,000 per week. Those limits may be raised as you become more verified and qualified with the company. This is the link to their page where they explain more about their fees.
The Kraken website will currently not allow you to buy bitcoin with credit cards, debit cards, or PayPal. They offer various ways that you may fund your account, which they discuss on their how to deposit page. If you are living in the US and you wish to fund your account, you may do so with a wire transfer from your bank.
The LakeBTC exchange allows you to pay for bitcoin with what they call a bank wire. You may also pay for your bitcoin with Western Union, cash, MoneyGram, OKPAY, Perfect Money, Payza, Skrill, PayPal, Neteller, CHATS, Leupay and LakePay. It is very unfair for me to say this without any proof, but my instinct says you should probably watch this one a little while before you start trading. It all seems so easy and simple that it makes me a little nervous.
There are plenty of ways to pay with LocalBitcoins, and if you pay with wire transfers and bank transfers, then people give you better deals. The only downside is that they want more ID from you and things of that nature because they feel like they have to trust you more if they are giving you a better exchange rate. I wrote an article on how to set up your LocalBitcoins account and make trades.
They used to call this one BitX. They do allow credit cards and debit cards. If you run your payment through PayU, then you may use your credit card or debit card to pay. Here are the countries that Luno will trade with.
We like Paxful and LocalBitcoins because they give us easy access to regular traders. Anybody can make a trade with anybody else if the conditions are right. We made an article showing how to set up your Paxful account. Pay with your bank account or debit card and some people will offer you a better deal.
Though they do not make it clear, you are able to use your bank card to fund your account, you are able to send a bank transfer, you may send a wire transfer, and you may use some cards if they are Visa or Mastercard. For example, they would not accept my Capital One MasterCard credit card, but they did accept my PayPal Access MasterCard.
VirWox do have a lousy exchange rate, but they make buying from them very easy. It is so easy that I wrote an article about buying bitcoin with Virwox to help show how easy it is. We have tried and tested this one, and even though it looks a little shoddy, it is not a bad way to buy and change your bitcoin.
There are plenty of offline bitcoin traders who will accept bank transfers, wire transfers, and debit cards. These traders exist in many forms. Some of them are set up in sections within other stores, like MoneyGram and Western Union are, and some bitcoin traders have their own shops like the one shown in the image below.
Offline Bitcoin ATMs
There are bitcoin ATMs littered all around the world. They certainly accept debit cards and some of them accept credit cards too. They have their fees, but it may still be cheaper than buying from online exchanges. Plus, it is certainly quicker if you have a local bitcoin ATM like the one shown in the image below.
Disclaimer – Please Read
We have tried our best to bring you information about legitimate bitcoin traders and exchange websites. However, this is not one of our best lists, which means we have not personally tried and tested every website on this article. In fact, two of them went defunct during the time we were spent finding them and talking to the admins. If you are planning on using any of the websites listed in this article, then please do your research and be careful when handing out your information. You have to become