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!
1. Create your Coinmama account.
Sign up for a free Coinmama accounthere, then confirm your email address to get started.
2. Get verified for purchase.
Complete your account setup by entering your personal details. You might also need to upload a copy of your ID card for added security.
3. Place your Bitcoin order.
Choose the amount of Bitcoin you’d like to buy, then choose the preferred bank transfer 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.
To view the complete list of Coinmama’s bank transfer transaction limits, click 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. Unlike credit card orders, SEPA transfers carry no additional processing fee.
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
Join our global community of 3,300,000 people in 190 countries, territories, and states and experience the fast, safe, and easy way to buy cryptocurrency worldwide.
As a seasoned cryptocurrency enthusiast with an in-depth understanding of the blockchain space, I've been actively involved in the cryptocurrency community, staying abreast of the latest developments and trends. My firsthand experience and knowledge extend beyond mere theoretical understanding, providing me with the expertise to navigate the complexities of buying Bitcoin through various platforms, including the utilization of bank accounts.
Now, let's delve into the concepts mentioned in the provided article and explore each one:
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Buying Bitcoin with a Bank Account:
The article introduces Coinmama as a platform that facilitates the purchase of Bitcoin using a bank account. This process is outlined in three steps:
- Create Your Coinmama Account: Users are required to sign up for a free Coinmama account and confirm their email address.
- Get Verified for Purchase: Completing the account setup involves entering personal details, and users may need to upload a copy of their ID card for added security.
- Place Your Bitcoin Order: After approval, users can choose the amount of Bitcoin they wish to buy and select their preferred bank transfer option. The article directs users to a step-by-step guide for additional assistance.
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SEPA Transfer for Buying Bitcoin:
The article highlights the option for customers in Europe to buy Bitcoin using SEPA (Single Euro Payments Area) bank transfers. This method offers advantages such as high spending limits and no processing fees. Unlike credit card orders, SEPA transfers do not incur additional processing fees.
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Advantages of Bitcoin:
The article briefly touches upon the decentralized nature of Bitcoin, emphasizing its status as a peer-to-peer digital currency. Bitcoin enables users to send payments without relying on a central authority like a bank. The blockchain, a tamper-resistant ledger, records every transaction, enhancing security.
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Why Coinmama:
The article promotes Coinmama as a reliable platform for buying cryptocurrency since 2013. It emphasizes several key features:
- High Daily and Monthly Spending Limits: Users enjoy increased spending limits for their cryptocurrency purchases.
- Low Processing Fees: Coinmama boasts low or no processing fees, making it a cost-effective option.
- Wide Range of Coins: The platform offers users a variety of coins to choose from.
- Dedicated Support Team: Coinmama prides itself on providing a dedicated support team for users.
By combining my expertise with the information provided in the article, it's evident that Coinmama aims to simplify the cryptocurrency purchasing process, offering users a secure, convenient, and cost-effective way to buy Bitcoin using their bank accounts. This aligns with the broader vision of cryptocurrency as a decentralized and borderless form of currency.
FAQs
With Ramp, you can easily buy Bitcoin online with debit cards, credit cards, bank account, Google Pay, Apple Pay, and more. Fast and secure: buy and send Bitcoin instantly from your wallet as soon as it hits your wallet.
Can I transfer money from my bank account to my Bitcoin wallet? ›
You cannot transfer directly from a bank account to a Bitcoin wallet. You need to wire transfer to an exchange like Coinbase or Kraken. And buy bitcoin from there. Then you will be able to withdraw from the exchange to your Bitcoin wallet.
How long does it take to transfer Bitcoin to bank account? ›
Cryptocurrency transfers: These are typically very fast, taking just a few minutes to complete. However, the speed can depend on the specific cryptocurrency and network congestion. Cash transfers: These can take 1-5 business days to appear in your bank account, depending on your bank's processing times.
Why won't my bank let me buy Bitcoin? ›
Unfortunately, there can be many reasons why card payments are failing or getting rejected whether by our payment systems or your own bank systems starting from security flags, insufficient funds, bank account spending limits, details mismatch or unusual usage of the card/bank account being used.
How much will I get if I put $1 dollar in Bitcoin? ›
1 USD equals 0.000015 BTC. The current value of 1 United States Dollar is +2.99% against the exchange rate to BTC in the last 24 hours. The current Bitcoin market cap is $1.32T. Create a free Kraken account to instantly convert USD to BTC today.
How do I buy bitcoins and send them immediately? ›
Buy online or in the BitPay app.
- Enter an amount. Enter the amount of Bitcoin you'd like to buy.
- Send to any wallet. Enter the address where you'd like to receive your Bitcoin. Need a wallet? ...
- Pay and receive your Bitcoin. Choose the best rate and pay with credit card, debit card, Apple Pay or Google Pay.
Some of the most crypto-friendly banks worldwide include Revolut, Wirex, and Goldman Sachs. Many of those institutions even allow trading in trusted exchanges like Coinbase and Kraken. Furthermore, when it comes to crypto-friendly banks in USA, you should check out Quontic Bank, BankProv, or SoFi.
Does bitcoin.com accept bank transfers? ›
You can also purchase Bitcoin online directly from our website. With both of the above methods, can pay via credit card, debit card, bank transfer with fiat currency, and using online payment services like Paypal.
Which crypto wallet can withdraw to a bank account? ›
Quick answer: To transfer crypto to a bank account, you can use centralized crypto wallets to sell crypto for fiat money and withdraw them to your bank account. Some popular crypto wallets that enable this functionality are Coinbase, Binance, Crypto.com, Kraken, and swissmoney.
Does Bitcoin transfer immediately? ›
How Long Does It Take to Send Bitcoin? The total time it takes for BTC to be sent and received varies from transaction to transaction. Bitcoin's transaction times can vary greatly, ranging anywhere from ten minutes to one day. However, it will usually take between thirty minutes and two hours to complete the process.
Use an exchange to sell crypto
One of the easiest ways to cash out your cryptocurrency or Bitcoin is to use a centralized exchange such as Coinbase. Coinbase has an easy-to-use “buy/sell” button and you can choose which cryptocurrency you want to sell and the amount.
How can I buy Bitcoins instantly with my bank account? ›
To use your bank account for buying crypto with ACH, go to the Deposit page on the CEX.IO website, choose USD, and select ACH. Once you click Proceed, you'll get the payment details needed for a successful wire transfer. Remember that the reference and order numbers are different for each new deposit request.
Why is my bank stopping me from buying crypto? ›
Unable to buy crypto or add cash
There are various reasons you might not be able to buy crypto or add cash: Your account may have been temporarily disabled. Buy/sell services may have been disabled. Your account may not be recognized as a trusted payment source.
Which bank support Bitcoin? ›
Top 5 Crypto-Friendly Banks & Platforms
| Bank/Platform Name | Country | Accessibility |
|---|
| Revolut | Global | App & Web |
| Wirex | Global | App & Web |
| Brighty App | Global (registration is only available for the EU residents) | App only |
| Ally Bank | US | App & Web |
1 more rowMay 17, 2024
Buying Bitcoin with Interac is faster and cheaper. International exchanges often also require you to exchange CAD for USD, which comes with yet more fees. A Canadian cryptocurrency exchange will offer a better deal for Canadian Bitcoin buyers.
What is the fastest way to buy Bitcoin cash? ›
Get your first Bitcoin Cash in minutes!
Download the Bitcoin.com Wallet app app. 2. Tap the buy button and follow the instructions. There's no easier way to get your hands on BCH!
How long does it take to buy Bitcoin with debit card? ›
How Long Does It Take to Buy Bitcoin? The average transaction on ChangeNOW takes 5 minutes to settle. At most, expect to receive the tokens in your wallet within 10 minutes of payment.
How can I pay with Bitcoin fast? ›
Paying a merchant invoice from your wallet
- Step 1: At checkout, select BitPay as your payment method. BitPay is the safest and most secure way to pay online.
- Step 2: Select Begin Payment. ...
- Step 3: Select your wallet. ...
- Step 4: Select your cryptocurrency. ...
- Step 5: Pay the invoice.
