How to Buy Bitcoins with Bank Account or Bank Transfer

This page lists companies that will let you buy bitcoins with a bank account or bank transfer. Some countries offer specific transfer types, like SEPA transfer or ACH transfer (USA).

All links are external & open in a new tab, except for "Read Review" buttons. Before jumping into this page, an important disclosure.

CoinbaseCoinbase Buy Bitcoin Read Review

Coinbase is the world's largest bitcoin broker. In the United States you can buy bitcoin with a connected bank account via ACH bank transfer. In Europe you can buy with your bank account via SEPA transfer. Purchases made with ACH take 5 days for the coins to be delivered, while SEPA purchases take less than two days. Coinbase charges a flat 1.49% fee on all transactions. Americans may add a Visa or Mastercard credit card to as a backup to unlock instant payments via bank transfer.

Pros
  • High liquidity and buying limits
  • Easy way for newcomers to get bitcoins
  • "Instant Buy" option available with credit card or debit card
Cons
Ease of Use
Easy
Privacy
Low
Speed
Average
Fees
Average
Reputation
Trusted
Limits
High
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BitPandaBitPanda Buy Bitcoin Read Review

BitPanda accepts bank account payments via SEPA, SOFORT, and Online Bank Transfer.

Pros
  • Some of the lowest fees for buying bitcoins with credit/debit card
  • Reliable and trusted broker
Cons
  • Fees aren't shown openly on the site but instead included in the buying price
Ease of Use
Easy
Privacy
Low
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
High
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GDAXGDAX Buy Bitcoin Read Review

US customers can fund their Coinbase Exchange trading accounts via ACH or bank wire. Residents of Europe and the UK can fund with SEPA transfer.

Pros
  • Some of the lowest fees available for US and EU customers
  • Possible to buy bitcoins for 0% fees
Cons
  • User interface is confusing for first time buyers
  • Sending bitcoins directly from GDAX to any legally-questionable site may result in closure of your account
Ease of Use
Hard
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
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CEX.ioCEX.io Buy Bitcoin Read Review

CEX.io allows for purchases of bitcoins using ACH in the USA or via SEPA transfer for EU countries.

Pros
  • Support for many countries and regions
  • Low 0.2% trading fee
  • Established and trusted exchange
Cons
  • Verification process is extensive, requiring much personal information (including a photo) and incurring a long delay
  • GBP market lacks liquidity
Ease of Use
Average
Privacy
Low
Speed
Average
Fees
Average
Reputation
Trusted
Limits
Average
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GeminiGemini Buy Bitcoin

US customers can purchase bitcoins on Gemini by funding their account with ACH transfer.

Pros
  • Trustworthy and regulated exchange
  • Instant deposit lets you buy coins quickly (but not withdraw them)
  • Some of the lowest fees in the US and Canada
Cons
  • Somewhat confusing to use for new buyers
  • Not yet available in all US states
Ease of Use
Hard
Privacy
Low
Speed
Slow
Fees
Low
Reputation
Trusted
Limits
High
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BittyliciousBittylicious Buy Bitcoin

UK residents can purchase bitcoins within 15 minutes via online bank transfer.

Pros
  • One of the fastest ways to buy bitcoins in the UK
  • Refund guarantee in the event of delayed payment
Cons
  • SEPA transfer not available as payment method
  • RBS/Natwest PYC payment method unavailable
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CoinfloorCoinfloor Buy Bitcoin

UK residents can fund their Coinfloor exchange account with SEPA or online bank transfer, while EU residents can use SEPA. Note that there is a minimum deposit amount of 1,000 currency units (i.e. 1,000 euros or 1,000 pounds).

Pros
  • Trustworthy and regulated exchange
  • Offers a sophisticated bitcoin storage service, Coinfloor Vaults
Cons
  • Coinfloor Exchange has a high minimum deposit amount; must deposit at least 1,000 units of currency
  • Coinfloor Market only accepts GBP bank transfers
Ease of Use
Hard
Privacy
Low
Speed
Average
Fees
High
Reputation
Trusted
Limits
Average
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CoinfinityCoinfinity Buy Bitcoin

Residents in Austria can buy bitcoins with a bank account online using SOFORT transfer.

Pros
  • Trusted and established exchange
Cons
  • Limited payment methods available
  • ID verification is required for their exchange, so not private
Ease of Use
Average
Privacy
Low
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
High
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PaymiumPaymium Buy Bitcoin

Paymium is a Bitcoin exchange based in France; anyone in the country can get bitcoins with a bank transfer using Paymium.

Pros
  • Established and trusted exchange
  • Mobile app available
Cons
  • ID verification required for amounts over €2,500, so not private
Ease of Use
Easy
Privacy
Low
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
High
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BityBity Buy Bitcoin

Bity is a Bitcoin broker that makes it possible for all Europeans to purchase bitcoins with SEPA. At first, only verification using a phone number is required.

Pros
  • Easy to start buying bitcoins after mobile phone verification
  • Payment limit of up to €100,000 annually after intensive verification
Cons
  • ID verification is required for most purchases, so not a private way to buy
  • Low annual limit of only €4,000 without intensive verification
Ease of Use
Average
Privacy
Low
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
High
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SafelloSafello Buy Bitcoin

Pros
  • Available from 32 countries
  • Offers a wide variety of payment methods
  • Deep liquidity ensures prices near the fair market rate
  • Support staff available every day from 8 AM to 10 PM
Cons
  • Not a private way to buy since ID verification is required
  • Support staff available during weekdays only, from 9 AM to 5 PM (UTC)
  • Only Swish payments will confirm over weekends
  • Fees aren't clearly stated but included in your buying price
Ease of Use
Average
Privacy
Low
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
High
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BitstampBitstamp Buy Bitcoin

Bitstamp is one of the world's largest Bitcoin exchanges. It makes it easy for Europeans to purchase large amounts of bitcoins fast with SEPA bank transfer. Almost anyone in the world can use their bank account to send a wire transfer to Bitstamp, although fees may apply.

Pros
  • One of the longest-running Bitcoin exchanges
  • Very low 0.25% fee, falling to 0.1% with sufficient trading volume
  • Good range of deposit and withdrawal options
  • Deep liquidity promotes a price close to fair market rate
  • Offers wide range of altcoins
Cons
  • Has been hacked before, users should not store funds on the exchange for any period of time
  • High 8% fee on small credit card purchases, falling to 5% with sufficient trading volume
  • Geared towards traders; slightly confusing for first time buyers
Ease of Use
Hard
Privacy
Low
Speed
Slow
Fees
Average
Reputation
Trusted
Limits
High
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KrakenKraken Buy Bitcoin

Kraken is the world's largest euro-denominated Bitcoin exchange based on daily average trading volume. It supports bank transfer deposits from US, European, Canadian, British, and Japanese customers. Deposits can be made via international bank transfer, SEPA transfer, and Interac.

Pros
  • Well-financed and trusted exchange
  • Very low 0.25% taker fee, falling to 0.1% with sufficient trading volume
  • Very low maker fee, falling to 0% with sufficient trading volume
  • Deep liquidity for large volume buyers in European markets ensures a price close to fair market rate
  • Highly-rated for security
  • Publishes proof of reserve audits
Cons
  • User-interface makes it difficult for first time buyers
  • Requires ID verification, so not private
Ease of Use
Hard
Privacy
Low
Speed
Average
Fees
Low
Reputation
Trusted
Limits
High
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Athena Investor ServicesAthena Investor Services Buy Bitcoin

Athena Investor Services offers a unique way to purchase Bitcoin. It's aimed at large volume buyers who are looking to buy between $5,000 and $100,000 worth of bitcoins. The fees are 4% per buy. The fees are high because Athena will work with you and walk you through the buying process with them and offers personalized help. You can only pay via bank wire at this time.

Pros
  • Easy way to purchase bitcoins for new buyers
  • High limits for first time buyers
Cons
  • Higher fees compared to other ways to buy bitcoins with bank transfer in the USA
Ease of Use
Easy
Privacy
Low
Speed
Average
Fees
High
Reputation
Trusted
Limits
High
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CoinCornerCoinCorner Buy Bitcoin

CoinCorner is a Bitcoin exchange based in the Isle of Man. Users in the UK and Europe can purchase bitcoins with SEPA, credit/debit card, or GBP bank transfer.

Pros
  • Trusted and regulated company in the UK
  • Wide range of payment options
  • Good customer support
  • Instant credit card purchases
  • Supports a very wide range of countries
  • Video tutorials covering the basics of Bitcoin and buying and sellingMulti-sig security features
Cons
  • Slightly high 5% fee for buying with a credit card
  • 1% trading fee slightly high by European standards
  • Offers a mobile wallet but this is not ideal for bitcoin storage
  • Requires ID verification, so not private
  • Geared towards traders; slightly confusing for first time buyers
  • Does not provide exchange prices for comparison without sign-up
Ease of Use
Easy
Privacy
Low
Speed
Average
Fees
Average
Reputation
Trusted
Limits
Average
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CubitsCubits Buy Bitcoin

Cubits accepts SWIFT transfers, and other local bank transfer methods like SOFORT and Online Bank Transfer.

Pros
  • Fair 0.9% trading fee
  • Wide range of payment methods offered
  • Support for 20 fiat currencies
  • Super clean design makes the buying process easy
Cons
  • Offers a wallet that should not be used to store bitcoins
  • Requires ID verification, so not private
Ease of Use
Easy
Privacy
Low
Speed
Fast
Fees
Low
Reputation
Trusted
Limits
Low
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BitfinexBitfinex Buy Bitcoin

Bitfinex allows customers to deposit large amounts of funds using SWIFT.

Pros
  • Very low fees even for low volume buyers; 0.1% for market makers and 0.2% for market takers
  • One of the best ways to buy large amounts of bitcoins
  • Allows lending of fiat or bitcoin to margin traders at interest (but this is risky in light of the hack)
  • Very deep liquidity promotes a price close to fair market rate
  • Supports several altcoins
Cons
  • Was recently hacked and has yet to fully compensate all users for their loss
  • Geared towards traders; possibly quite confusing for first time buyers
  • Single payment option
Ease of Use
Hard
Privacy
Low
Speed
Varies
Fees
Average
Reputation
Low Trust
Limits
High
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HappyCoinsHappyCoins Buy Bitcoin

HappyCoins offers many bank-related instant payment methods such as iDEAL, GiroPay, myBank, Sofort, and SEPA.

Pros
  • Long-running and trusted exchange
  • Wide range of payment options offered
  • Occasional "HappyHour" 0% fee periods
  • Quite private; only email and bank account number and name required
Cons
  • Fees are not displayed publically; only included in price at checkout
Ease of Use
Easy
Privacy
Low
Speed
Average
Fees
Average
Reputation
Trusted
Limits
Average
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