
If you are concerned with locking in your price, most exchanges do that upon checkout anyway. They charge 1. Please visit Bittylicious for its exact pricing terms. Gemini is another US-based exchange that has pretty low transaction fees between.
What are the pros of buying with a bank account?
Buying Bitcoin with a bank account is by far the cheapest option in terms of fees, and therefore, the best option if you want to maximize your profits. Another good aspect of using your bank account to buy Bitcoin is that you are able to pick and choose which exchange you want to go with more freely — since most exchanges offer bank transfer as a bbitcoin method. Another advantage of using your bank account is that buy bitcoin with bank transfer us limits are way higher than for example credit card or PayPal. However, with a large selection of exchanges comes a more difficult time making the decision than for example having exchanges to pick. Do not worry, in this tutorial we will present the results we have gathered in our research of finding the best way to buy bitcoin with a bank account. First and foremost we got the fees.
Summary of the Best Ways to Buy BTC with Bank Account/Transfer
NET exclusively provides exchange services and does not provide services for cryptocurrency storage, also does not provide brokerage services to BTCBIT. NET customers. When you make an exchange we recommend you follow for the following precautions: — Never transfer money to unfamiliar people. Once you have made a mistake, you will not be able to revoke the transaction. Use a wallet that only you have access to it. We never send our customers any payment directions via email, Telegram, WhatsApp, Skype or any other messaging system, we never dictate them over the phone.
What are the pros of buying with a bank account?
Buying Bitcoin with a bank account is by far the cheapest option in terms of fees, and therefore, the best option if you want to transfr your profits. Another good aspect of using your bank account to buy Bitcoin is that you are able to pick and choose bitcon exchange you want to go with more freely — since most exchanges offer bank transfer as a payment method. Another advantage of using your bank account is that the limits are way higher than for example credit card or PayPal.
However, with a large selection of exchanges comes buy bitcoin with bank transfer us more difficult time fransfer the decision than for example having exchanges to pick. Do not worry, in this tutorial we will present the results we have gathered in our research nitcoin finding the best way to buy bitcoin with a bank account.
First and foremost we got the fees. Using a Bitcoin exchange should be easy, even for a beginner. We think that low fees and high limits can weigh up to a non-user friendly platform since eventually, you will get used to the platform. Support is also a big one in our opinion. When using a service, or trying to verify yourself, there will always be errors or problems, no matter which exchange you pick.
The important part here is how well they help you get through the problem and how quickly they respond. This is an optional factor to consider, but for some the limits on the exchange are important. Now that we have looked at the most important factors to factor in when picking the best exchange, it is time to go through the best exchanges that accept bank transfer.
With 13 million users, far more than the biggest stock brokerage, it is a powerhouse. With Coinbase, if you are a U. The platform is extremely easy to use and can literally be used by anyone yes, even you grandma! During peaks in transter interest of Bitcoin the customer support can be rather slow, this is understandable since Coinbase sometimes getnew users per day. Slow support is something to be expected for most exchanges out. The customer support seriously sucks at some exchanges, and while the Coinbase support can take a few days to answer, it is by far one of the friendliest and most helpful support team we have talked to.
Signup to Coinbase. Next in line is BitPanda. BitPanda is, for now, only available in Europe, so for U. The platform is easy to use and got a modern look if that matters to you. A processing time of only up to 3 days combined with nuy high limits and low fees make BitPanda a great option for our European readers.
The fees are not publically shown but rather included in the price when buying Bitcoin, which makes it hard to calculate exactly what percentage the fees are at. The support is great and really helpful. They even got their own support thread at BitcoinTalk. You can use the thread to find out an answer to your questions that are not considered personal. You can also send them an email if you want to have the conversation in private.
BitPanda would probably put up a harder fight against Coinbase as the no. But for European customers, BitPanda is a fast and cheap choice. Signup to bitpanda. This makes GDAX the cheapest option available for bank transfer. So, why is it placed third? Their user interface is hard to understand at first, which makes the incentive of a low fee less exciting. We do not understand why Coinbase would make their sister platform this hard, but our guess is that GDAX is more supposed trnsfer be used for more experienced users.
The support is like the others above really good and friendly, so do not hesitate if you get stuck in the process of buying Bitcoin or verifying your identity. But, of course, a beginner will adapt to it when they have used it for a while, so bihcoin beginners can give it a shot in our opinion. There is no exchange that can offer a lower fee than GDAX, which makes it a really interesting option. They also offer some of the lowest fees in Canada and USA which makes them wuth great choice overall.
The other con of this exchange is that they are not yet available in all US states, unfortunately. They also guarantee a refund in case of delay in delivery. SEPA transfer is not available with Bittylicious, and their platform looks kinda cheap. They are however a legitimate exchange that is trustworthy.
Coinfloor has a deposit minimum of currency units 1, EUR or 1, poundsthis excludes the average Joe who wants to invest a smaller amount of money, but at the same time gives those investing a bit more money more focus and can offer faster support due to not as many users. But if you are not from Austria, we would recommend you to look. Based in France, Paymium offers bank transfers for those living in France. They have a great mobile app that you can use to trade and sell your Bitcoins on the go or if you are traveling.
If you are located in France bonjour! Safello is available in 32 countries and offers a wide variety of payment methods; including bank transfer. Support staff is available during weekdays from 8 AM to 1oPM which is a big plus. Safello is a great option overall with great support and a user-friendly platform. We totally recommend it! With CoinCorner you get access to your own mobile wallet available on Apple, Windows and Android phones.
With a trading fee of 0. They, like CoinCorner, offer an tranfer wallet. This is good for small amounts of Bitcoins but if you have a large sum of Bitcoins we highly recommend you get a hardware wallet. Cubits is a great option for Europeans that want to buy Bitcoin easily with an easy-to-use platform.
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What are the cons of buying with a bank account?
Visit Bitpanda. Please visit Bitpanda for its exact pricing terms. In addition to the above-mentioned states, they also support, Washington D. BitPanda would probably put up a harder fight against Coinbase as the no. Support staff is available during weekdays from 8 AM to 1oPM which is a big plus. Visit CEX. For a more complete list, check out their page. Bank account is usually the cheapest deposit method for buying coins. Now that we have looked at the most important factors to factor in when picking the best exchange, it is time to go through the best exchanges that accept bank transfer. Learn More! Our site may contain affiliate links and as an Amazon Associate we earn from qualifying purchases. Coinbase is bbank world’s largest bitcoin broker. Lastly, Bitstamp serves several countries including Europe and the US.
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