Buy bitcoin instantly with bank account

Buy Bitcoin with Bank Account

Coinmama now offers the option to buy Bitcoin with bank transfer using SEPA (Europe), SWIFT (worldwide), or Faster Payments (UK).

Use your bank account when you buy and enjoy higher spending limits plus low or no payment processing fees.

How to buy Bitcoin with Bank Account

Coinmama makes it easy to buy BTC with your bank account. Simply create a Coinmama account, get approved for purchase, and place your order!

Create your Coinmama account.

Sign up for a free Coinmama account here, then confirm your email address to get started.

Get verified for purchase.

Complete your account setup by entering your personal details. You’ll also need to upload a copy of your ID card for added security.

Place your Bitcoin order.

Choose the amount of Bitcoin you’d like to buy then choose SEPA, SWIFT or Faster Payments as your payment option. Follow the prompts to enter your Bitcoin wallet address and initiate a bank transfer payment. Our step-by-step guide to buying cryptocurrency with your bank account can be found here.

Why buy Bitcoin with SEPA transfer?

Customers in Europe can buy crypto using SEPA bank transfer and enjoy high spending limits and no processing fees. Place orders of up to 50,000 USD at a time, depending on verification level. Unlike credit card orders, SEPA transfers carry no additional processing fee.

Why buy Bitcoin with SWIFT transfer?

SWIFT transfers give customers worldwide the option to buy Bitcoin directly from their bank account, providing higher spending limits and lower processing fees than credit cards. Enjoy daily limits of up to 50,000 USD depending on verification level, no processing fees on orders over 1,000 USD, and a low flat fee of 20 gbp on orders below 1,000 USD.

Please note: SWIFT transfer payments must be made in GBP (Great British Pound).

Why buy Bitcoin with Faster Payments?

Faster Payments lets users in the UK buy crypto from their bank account and receive their coins in approximately one business day. Enjoy daily limits of up to 50,000 USD (or GBP equivalent), depending on verification level, and 0% payment processing fees.

Maximum Daily Amount	Processing Fee	Locked Crypto Rate	Speed
SEPA bank transfer	50,000 USD	0%	no	1-2 business days
SWIFT bank transfer	50,000 USD	0% on orders above 1,000 USD; 20 gbp on orders under 1,000 USD	no	1-3 business days
Faster Payments (UK only)	50,000 USD (or GBP equivalent)	0%	no	1 business day
Credit/Debit card	7,500 USD	5%	yes	instant

Why Bitcoin?

Bitcoin is a decentralized peer-to-peer digital currency, allowing users to send payments without going through a central authority such as the bank. Every transaction is logged on the blockchain, a master ledger of transactions, making it near impossible to tamper with. Since its inception in 2009, Bitcoin has become both a global currency that’s eliminating borders, and a long-term investment.

Why Coinmama?

Since 2013, Coinmama has made it its mission to simplify the way the world buys cryptocurrency. We believe in a world where we, the people, are in charge of our own economy. We offer:

• High daily and monthly spending limits
• Low processing fees
• Several coins to choose from a dedicated support team
• A dedicated support team

Join our global community of 2,800,000 people in 190 countries, territories, and states and experience the fast, safe, and easy way to buy cryptocurrency worldwide.

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Here Is How You Can Buy Bitcoin With A Bank Account

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There are several ways to buy Bitcoins, but nothing is as easy as buying it from your bank account.

I know it sounds absurd when I say that you can buy bitcoins using a bank account because the concept of Bitcoins is contrary to what banking is.

However, if you ignore that fact for a moment, you can get your bitcoins if you have a bank account.

Plus, it is less risky for the seller to sell BTC by receiving fiat directly into bank accounts than dealing with chargeback frauds of credit/debit cards.

How To Buy Bitcoin With Bank Transfer

Some services around the world allow you to deposit fiat in their accounts for BTC in return. Such services have fiat linked crypto accounts, and almost all of them provide an inbuilt BTC wallet too, where they give you the bitcoins.

Let’s look at such services and what they offer.

1. Cex.io

CEX.io is an old cryptocurrency exchange service operational since 2013, from London, UK. The list of cryptocurrencies available on the platform includes Bitcoin, Ether, Ripple, XLM, Bitcoin Cash, Dash, Zcash, and Bitcoin Gold.

• Servicing Countries:All countries supported except a few. (Deposits/Withdrawals)
• Supporting Fiat:EUR, USD, and RUB
• AML/KYC Requirements:Mandatory AML/KYC is required
• Fees Structure:CEX.io follows the maker & taker fee schedule as shown below:

Coinbase is a popular name in the world of cryptocurrencies and is a digital currency exchange in operation since 2012. It is a broker exchange which serves 32 countries with four digital currencies including BTC.

• Servicing Countries: Coinbase serves 32 countries.
• Supporting Fiat: USD, EUR, GBP (via SEPA)
• AML/KYC Requirements:Mandatory AML/KYC is required
• Fees Structure:1.5 % and other fiat withdrawal fees.

Here is a complete step by step guide on how to purchase BTC from Coinbase: How To Buy Bitcoin Using Coinbase.

3. Exmo

EXMO Finance LLP established in England, UK is running EXMO exchange for some time now and has a diverse team of developers and financial advisors from Spain, Russia, India, Thailand, Great Britain, USA, Lithuania, and Singapore.

• Servicing Countries: +100 countries except for China, Middle East Countries & North Korea
• Supporting Fiat:EUR, USD, PLN, RUB, UAH
• AML/KYC Requirements:Verification is mandatory to deal with fiat.
• Fees Structure:0.2% flat trade fee and fiat fee schedule is here.

Bitfinex is a cryptocurrency exchange operating from Hong Kong since 2012. It is also one of the busiest exchanges in terms of USD volume for BTC.

• Servicing Countries:Bitfinex serves all countries except the United States, Bosnia and Herzegovina, Democratic People’s Republic of Korea (North Korea), Ethiopia, Iran, Iraq, Syria, Uganda, Vanuatu, and Yemen.
• Supporting Fiat: USD, EUR, GBP, JPY
• AML/KYC Requirements:KYC is mandatory.
• Fees Structure:It follows the maker & taker fee schedule as shown below:

5. GDAX

GDAX is an order book marketplace for cryptocurrencies owned and maintained by Coinbase.

• Servicing Countries:GDAX currently operates in the US, Europe, UK, Canada, Australia, and Singapore. The list of the countries & states it doesn’t serve is listed here.
• Supporting Fiat:USD, EUR, GBP
• AML/KYC Requirements:Mandatory AML/KYC is required
• Fees Structure:It follows the maker & taker fee schedule as shown below-

LocalBitcoin is a popular Bitcoin start-up that facilitates over the counter buy/sell of bitcoins for a nominal fee. They also provide escrow services and have been in this space since 2012 with a network of Bitcoin buyers & sellers around the world.

• Servicing Countries:All countries
• Supporting Fiat:All fiat currencies
• AML/KYC Requirements:KYC is not mandatory.
• Fees Structure:Buyer/Sellers who create ads are charged 1% fee for every completed trade.

Founded in 2011, Bitstamp is a bitcoin exchange based in Luxembourg. It allows trading between USD currency and bitcoin cryptocurrency. It allows USD, EUR, bitcoin, litecoin, ethereum, ripple or bitcoin cash deposits, and withdrawals.

Coinfloor is a London-based Bitcoin exchange functioning since 2013 and is run by an experienced team as elucidated here. On Coinfloor, a UK resident can easily buy Bitcoins after a KYC, using fiat currencies such as GBP, EUR, USD.

• Servicing Countries:UK
• Supporting Fiat:GBP, EUR, USD
• AML/KYC Requirements:KYC is mandatory to deal with fiat
• Fees Structure: Exchange & withdrawal fees below:

• Servicing Countries:All countries except few
• Supporting Fiat:EUR, USD, RUR
• AML/KYC Requirements:KYC is mandatory to deal with fiat.
• Fees Structure:The trading fee is decided based on your trading volume.

10. Kraken

Kraken is a US-based cryptocurrency exchange operating in Canada, the EU, Japan, and the US, since 2011, and is the world’s largest bitcoin exchange in euro volume and liquidity.

• Servicing Countries:US, Europe, Japan, Canda
• Supporting Fiat:USD, EUR, JPY, CAD
• AML/KYC Requirements:Yes, KYC is required
• Fees Structure: Fiat fees schedule is stated below; here are the trading fee details.

11. Bithumb

Bithumb is a Korean cryptocurrency exchange with enormous liquidity on its platform.

• Servicing Countries:South Korea
• Supporting Fiat:KRW
• AML/KYC Requirements:Yes, AML/KYC is required
• Fees Structure:0.15% trading fees

CoinSpot is Australia’s native Bitcoin exchange operating in this space since 2013. If you are an Australian, it is effortless to start on CoinSpot as verification barely takes any time, and one can easily buy/sell BTC on it.

• Servicing Countries:Australia
• Supporting Fiat:AUD
• AML/KYC Requirements:Yes, KYC is required
• Fees Structure:The fee for buying and selling coins is 1% (Instant buy) and When buying or selling on the BTC markets, the fee is 0.25%.

Conclusion: Buy Bitcoin Anywhere

Exchange Name	List Of Supported Fiat Currencies
Cex.io	EUR, USD, and RUB
Coinbase	USD, EUR, GBP (via SEPA)
Exmo	EUR, USD, PLN, RUB, UAH
Bitfinex	USD, EUR, GBP, JPY
GDAX	USD, EUR, GBP
LocalBitcoins	All fiat currencies
BitStamp	USD & EUR
Coinfloor	GBP, EUR, USD
Livecoin	EUR, USD, RUR
Kraken	USD, EUR, JPY, CAD
Bithumb	KRW
CoinSpot	AUD

To conclude, Bitcoin is the oldest cryptocurrency, and over the years it has become easy to buy Bitcoin from anywhere in the world (except few countries).

But, you need to find out reliable services to buy Bitcoin because scams in this space are not a new thing.

Lastly, a quick head-ups from our side: Never store your bitcoins in any of the services because these are all hosted by third-party services. Instead, use Bitcoin hardware and software wallets such as Ledger Nano X, Trezor, and Exodus for the same.

If you have some questions or doubts about these listed services, ask away in the comment section below 🙂

Here are a few other articles for you to read next:

Harsh Agrawal is the Crypto exchange and bots expert for CoinSutra. He founded CoinSutra in 2016, and one of the industry’s most regarded professional blogger in the fin-tech space.

An award-winning blogger with a track record of 10+ years. He has a background in both finance and technology and holds professional qualifications in Information technology.

An international speaker and author who loves blockchain and crypto world.

After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.

Join us via email and social channels to get the latest updates straight to your inbox.

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6 thoughts on “Here Is How You Can Buy Bitcoin With A Bank Account”

With the myriad of cryptocurrencies, exchanges and blockchains flooding the virtual finance landscape, the range of choice available for newbie investors is mind-boggling and one is not only spoiled for choice, but also confused.

I find Coinbase to be a safe haven for my hard-earned widow’s mite of bitcoin satoshi’s. Your regular articles present a plethora of interesting, informative and educative snippets of advice on various ‘coins’ on the market, but if one is to follow them there is the danger of spreading ones crypto portfolio too thinly, as well as being in danger of becoming a jack of all trades, but master of none.

I may invest in some Ethereum at some stage, but my priority now has to be to concentrate on building up my petty stash of prototype Bitcoin, before even thinking of adding anything else. the average on-the-street investor like me doesn’t have that much spare cash to play around with to be able to put any reasonable amount on into more than a couple of different crypto offerings.

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