How to Buy Bitcoin Online with a Bank Account


How to Buy Bitcoin Online with a Bank Account

Bitcoin is a digital currency that can be used to send and receive payments, store value, and participate in the global cryptocurrency market. Buying bitcoin online with a bank account is one of the most convenient and secure ways to acquire this popular asset. In this article, we will explain how you can buy bitcoin online with a bank account using different platforms and services.

Coinbase

Coinbase is one of the most popular and trusted platforms for buying and selling cryptocurrencies in the world. It supports over 50 countries and allows users to link their bank accounts to buy bitcoin with ACH transfers, wire transfers, or debit cards. To buy bitcoin with Coinbase, you need to:

  1. Create an account with Coinbase and verify your identity.
  2. Add your bank account as your payment method.
  3. Go to “Buy/Sell” and select bitcoin (BTC) and the amount you want to buy.
  4. Confirm your order and receive bitcoins directly into your Coinbase wallet.

Coinbase charges a 1% fee for buying bitcoin with a bank account, plus a variable spread depending on market conditions. You can also use Coinbase Pro, a more advanced trading platform, to buy bitcoin with lower fees and more features.

eToro


Coinbase

eToro is a global online trading platform that allows users to buy and sell various assets, including cryptocurrencies, stocks, commodities, and more. It also offers a social trading feature that lets users copy the trades of other successful investors. To buy bitcoin with eToro using a bank account, you need to:

  1. Register and create an eToro account.
  2. Link your new eToro account to your bank account.
  3. Request a transfer of funds from your bank account to your eToro account.
  4. Select the “Buy” button next to bitcoin (BTC) and choose how much you want to buy.
  5. Select “Open Trade” and the bitcoin you have purchased will appear in your portfolio.

eToro charges a 0.75% fee for buying bitcoin with a bank account, plus a variable spread depending on market conditions. You can also use eToro’s demo account to practice trading with virtual money before risking real funds.

Other Options


eToro

There are many other platforms and services that allow you to buy bitcoin online with a bank account, such as Gemini, Kraken, Bitstamp, Binance, and more. Each one has its own advantages and disadvantages, such as fees, features, availability, security, and customer support. You should do your own research and compare different options before choosing the one that suits your needs and preferences best.

Conclusion

Buying bitcoin online with a bank account is a fast and easy way to get started with cryptocurrency investing. You can use platforms like Coinbase or eToro to buy bitcoin with ACH transfers, wire transfers, or debit cards. You can also explore other options that may offer lower fees, more features, or better security. Whichever option you choose, make sure you understand the risks involved and only invest what you can afford to lose.

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