Buy bitcoin with bank account
Buying Bitcoin with your bank account is hard right?
But you’re probably wondering:
How do I know which exchange to use?
Well, for most of you, Coinbase is going to be the easiest and lowest fee exchange for you to use.
That being said, this page will outline all the different options for purchasing Bitcoin with a bank account. If you’d prefer to use a credit or debit card, we also have a guide on that.
Exchange Fees Supported Countries
Coinbase 1.49% Most Countries
Bitpanda 1.29% Europe
Kraken 0%-.26% Nearly All
Once you’ve chosen your exchange, look at the bottom for buying tutorials that include annotated pictures.


Buy Bitcoin With Bank Account on Coinbase
Coinbase (review) is a well-known cryptocurrency exchange allowing its customers to buy Bitcoin with their bank accounts. It truly is the ultimate beginner’s exchange, allowing anyone to get into cryptocurrency.
They charge 1.49% fees for bank purchases and typically deliver cryptocurrency purchased with ACH within 5 days. SEPA transfers will take around 3 days to arrive in your account. It’s important to know that even though there is delivery time, your purchase price is locked in.
A thing to note about Coinbase’s privacy is they notify financial authorities in the US for purchases over $20,000. This will not be an issue if you planned on paying your taxes anyway! Coinbase also requires it’s users to send in their ID for verification purposes. In the event you want to sell Bitcoin or other cryptos back to Coinbase, they’ll offer this as well.


Buy Bitcoin With Bank Account on Bitpanda
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 recently updated their fees to be the lowest in the industry. Bitpanda charges users a 1.49% purchasing fees when a bank account is used, and 1.29% fee when selling to your bank account.
Bitpanda has also eliminated transaction fees to and from the exchange, making it simple to send any amount of cryptocurrency. They eliminate this fee by covering it themselves!
Bitpanda added support for other currencies than the Euro, such as the Swiss Franc, British Pound and US Dollar.
The main downside of Bitpanda is that it is limited in the countries that it can serve. It is only available to users in Europe, including Switzerland, Croatia, and Norway.
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.
These new changes offer customers better usability and improved speed and making Bitpanda one of our highest recommended cryptocurrency exchanges.

Buy Bitcoin With Bank Account on is another option and has been around since 2013. Based in London, UK, allows users to purchase Bitcoin with their bank accounts. They support SWIFT and SEPA bank deposits and charge a flat processing fee of $10. appears to have no purchasing fees, but they make money by charging a premium. Basically, they list the price of Bitcoin higher than it currently is and when users make a purchase they profit off the spread. supports 24 US states and pretty much all countries around the world.
Overall, is a great option if you want a quick and easy way to purchase packages of cryptocurrency.

Coinbase Pro

Buy Bitcoin With Bank Account on Coinbase Pro
Coinbase Pro, once known as GDAX is an exchange owned by Coinbase, that allows its users to purchase Bitcoin with 0% fees.
This exchange is far more complicated than some of the other exchanges, so we don’t recommend this for new cryptocurrency buyers.
Coinbase Pro allows ACH transfers, bank wires, and SEPA transfers for European countries. Coinbase Pro and Coinbase can instantly deposit and withdrawal from each other.


Buy Bitcoin With Bank Account on Gemini
Gemini is another US-based exchange that has pretty low transaction fees between .1%-.75%. This fee scales by trading volume, with the first discount at 10 BTC traded in the past 30 days.
The exchange can be somewhat difficult to use for a beginner but once gotten the hang of, is a great exchange.
Gemini serves all states except Hawaii but plans to support them soon. In addition to the above-mentioned states, they also support, Washington D.C., Canada, Hong Kong, Singapore, Puerto Rico, South Korea, and the U.K.
A convenient feature 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 a pretty safe exchange and has no major hacks or security leaks. Funds on the exchange are FDIC insured, meaning in the event of an exchange hack your funds are insured up to an amount.
Gemini’s customer support gets some flak for being slow, and somewhat unhelpful, but in my experience, I have had no issues. Gemini is also owned by the Winklevoss twins who had very early involvement with Facebook.


Buy Bitcoin With Bank Account on Kraken
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.
Kraken offers XBT (their version of Bitcoin) as well as the following fiat currencies: USD, EUR, CAD, and JPY.
The following deposit methods are used on the exchange:
  • SEPA Transfer
  • USD Bank Transfer Deposit
  • EUR Bank Wire Deposit
  • JPY Bank Deposit
  • Cryptocurrency Deposits
They have a great security system and are extremely trustworthy. As far as fees go, expect a .25% taker fee and a .1% maker fee when using a limit order. Depending on your account’s verification level, users can purchase different amounts of cryptocurrency monthly.


Buy Bitcoin With Bank Account on Bitstamp
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.
For fees, Bitstamp charges .05% on international deposits, and have trading fees ranging between .1%-.25% depending on the amount of cryptocurrency traded. The more you trade, the lowers your fees will be.
Bitstamp FDIC insures accounts that hold a US Dollar balance, protecting funds in the event of a hack. Their customer support is pretty good, with people having few complaints.
Lastly, Bitstamp serves several countries including Europe and the US. For a more complete list, check out their page.


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