Buy Bitcoin with your Bank Account

Buying Bitcoins with a bank account is one of the most popular ways to buy Bitcoin. You get the most out of your money by getting extremely low fees. Here are some of the most popular places to buy Bitcoin’s with a wire transfer or bank transfer.


Coinbase (review) is one of the largest cryptocurrency exchanges and allows its users to buy with a bank account among other methods. Coinbase charges 1.49% fees for bank purchases, and typically deliver cryptocurrency purchased with ACH within 5 days. SEPA transfers will take under 3 days to arrive in your account. It is important to know that even though there is a delivery time, your buy price is locked in.


Coincorner is another popular exchange that has existed since 2014. They offer 1% fees on bank purchases. They do not sell Bitcoin’s to the US but do to Europe and most other countries. If you are depositing under 2000 Euro worth of currency, you will also have to pay a 2.5% fee. Here’s a table of Coincorner’s fees.


Bitpanda Review

Bitpanda is an extremely reliable exchange that has several payment options and cryptocurrencies available. For bank transfers, Bitpanda allows SEPA, SOFORT and online bank transfers. They have 2% fees on bank purchases. This fee is reflected by a premium on the price, not a service fee.

They have a wallet built into the exchange where you can keep your coins, but we do not recommend leaving cryptocurrency in an exchange wallet for a long period of time.


GDAX is an exchange owned by Coinbase, that allows its users to purchase Bitcoin with 0% fees. The process is a lot more complicated than some of the other exchanges so we do not recommend this for beginner buyers. GDAX allows ACH transfers, bank wires, and SEPA transfers for European countries. GDAX and Coinbase can instantly deposit and withdrawal from each other.


Gemini Review

Gemini is another US based exchange that has pretty low fees on bank transfers at .49%. They are pretty difficult to use for a beginner, but is one of the best exchanges to use once you have learned how to buy and sell on it. One of the greatest features of the exchange is that you can instantly purchase cryptocurrency with any method, and will not be charged for a few days. This is great for buying dips or bottom. Gemini is also owned by the Winklevoss twins who had a very early involvement with Facebook.


Kraken Review

Kraken is a great option too, they are based in the US and allows Bitcoins to be purchased with ACH transfers. They have a somewhat difficult to use user interface so I would not recommend them to a beginner. They have a great security system and are extremely trustworthy. Expect a .25% taker fee and a .1% maker fee when using a limit order.


Bitstamp Review

Bitstamp is one of the highest volume, and oldest cryptocurrency exchanges. They have a lengthy verification process so for those trying to get Bitcoin’s quick might not be the option. They have a large selection of fiat currency pairings and payment options.