How to buy Bitcoin online with Bank Transfer

There are many ways to buy Bitcoin with fiat money, including e-wallets, credit cards, and more. Yet, some traders prefer using bank transfer, one of the oldest and most secure methods. If you’re looking for high-quality bank transfer Bitcoin brokers, you’re on the right page.

This guide will show you some of the top brokers that accept buying cryptocurrencies with a bank transfer. After that, we’ll discuss bank transfer brokers and how to make your first purchase using this payment option. Moreover, we’ll talk about various advantages and disadvantages of this method and answer some of the most frequent questions. 

So, without further ado, let’s get started.

Top Bitcoin Brokers That Accept Bank Transfer

Before we begin, it’s worth noting that several Bitcoin brokers accept payments via bank transfer. To narrow down your options to the best, we’ve listed our top picks below. 

Minimum Deposit
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More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
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Trade the global markets. Trade with real-time execution and professional tools
Follow and copy Naga's top traders who have mastered their trading strategies
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.48% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Over 4 million customers worldwide
Buy, sell and trade nearly 200 digital assets
Verified within 15 minutes

What Is a Bank Transfer Bitcoin Broker?

Bank transfer is a payment method that includes using your bank to transfer money online. This method is often referred to as wire transfer or even credit transfer, though it depends on where you live. What you’re basically doing is transferring your funds from your bank account to the account of the broker of your choice. 

It’s one of the most secure ways to transfer money over the Internet. That’s the main reason why many online cryptocurrency trading platforms accept it as a payment method. All of the brokers listed on this page accept fiat money, as that’s the only type of money you can use with a bank transfer, but we’ll get to that later.

What Crypto Platforms Accept Bank Transfer?

To use bank transfer, you must visit a platform that accepts fiat money. That said, you’ll find plenty of crypto trading sites that only focus on crypto-to-crypto trading, meaning fiat payment methods are not available. These are decentralized exchanges in most cases.

In short, to accept a bank transfer, a trading site needs to be centralized. Many types of crypto trading sites use bank transfer, including various marketplaces, P2P lending platforms, online cryptocurrency exchanges, and more.

How to Buy Bitcoin With Bank Transfer?

If you have experience using bank transfer as a payment option online, you shouldn’t have any issues when buying Bitcoin. The purchasing process is pretty much identical to purchasing other things online. Here’s a quick overview.

  1. Select a crypto broker — Analyze the list in this guide and pick the Bitcoin broker carefully. All of them accept bank transfers as a payment method.
  2. Register — To buy Bitcoin, you’ll have to become a member of the trading platform. Mind you, this only applies to centralized platforms that accept fiat money, while many decentralized exchanges do not necessarily require registration.
  3. Deposit funds with bank transfer — Go to the payment section on the site to make a deposit and select bank transfer/wire transfer as your preferred payment option. Enter the amount you’d like to deposit and proceed.
  4. Buy BTC — After you load your account balance with fiat money, you can start buying Bitcoin via the broker of your choice. Most of the brokers made this process easy and convenient. 

How to Deposit and Withdraw via Bank Transfers

As you can see, to start buying BTC, you first need to deposit funds to your account, and that’s where bank transfers come into play. Here’s how to make deposits and withdrawals using this payment method.


Depositing via a bank transfer is easy, but it’s not the fastest payment option out there. Depending on the bank you use, it sometimes takes more than a day to complete the transaction. In some cases, you might need to wait even longer. 

Nonetheless, bank transfers are at the very least secure. So, take a look at the process of depositing through a bank transfer.

  1. Go to the broker of your choice and log in.
  2. Visit the banking section and pick bank transfer as your preferred payment option.
  3. Enter the deposit amount and confirm your request.
  4. Enter the necessary bank account details, such as bank account number, bank name, and bank account holder name.
  5. Wait for the transaction to complete and use your funds to buy BTC.


If you want to cash out your funds, you can do that on many platforms, provided that they also accept a bank transfer as a withdrawal option. Naturally, you cannot withdraw cryptocurrencies with a bank transfer, as banks only allow fiat money (at least for now). Therefore, you can use this method only if you wish to withdraw fiat money. Here’s how.

  1. Log in to your broker’s account.
  2. Go to the banking section and select bank transfer as a withdrawal option.
  3. Enter the amount of money you’d like to withdraw.
  4. Confirm your withdrawal.

You might have to enter your banking details, especially if you hadn’t used a bank transfer to deposit.

What Should I Look For in a Bank Transfer Bitcoin Broker?

Selecting the best Bitcoin broker isn’t rocket science, but it still requires some effort from you. The safest way to do it is by choosing any of the featured platforms on this list, as we made sure they offer the best possible service for anyone who wants to buy Bitcoin with fiat funds.

  • Fees — All brokers charge their services, but some of them are more expensive than others. It’s up to you to find the best price to quality ratio. Sometimes, some brokers are more expensive for a reason, and if you can afford it, registering on such a platform is worth it.
  • Limits — There are limits to how much you can deposit and withdraw using bank transfer, in addition to trading limits. All of those should be taken into account when selecting the right platform for you.
  • Speed — A bank transfer isn’t the fastest payment option out there, but you can minimize the time required to deposit by selecting a broker that offers instant transactions.
  • Security — Bank transfers are safe and secure, but you also need to make sure that the broker of your choice also has all the security protocols in place to maximize your protection.
  • User experience — Some crypto trading platforms are more convenient to use than others. There’s nothing wrong with complex ones, but you want to avoid them if you’re new to the crypto space.

Should I Buy Bitcoin Using Bank Transfer?

Bank transfers are used all around the globe. If you’re interested in using this method for Bitcoin brokers, make sure to check their primary advantages and disadvantages.


  • Direct bank payments — You’ll avoid using any kind of card or e-wallet and deposit your funds directly from your bank account.
  • Secure — Banks are still the most relevant institutions, and that’s why they pay special attention to making all transactions as secure as possible, so it’s safe to say that a bank transfer is one of the most secure payment options.
  • Easy to use — Using bank transfers to make transactions isn’t difficult, and you can master it after your first deposit.


  • Not available on some platforms — Some Bitcoin brokers don’t facilitate bank transfers. However, you shouldn’t have any issues finding one that does.
  • Slower than other payment options — Bank transfers can sometimes take up to a couple of business days before they arrive in your balance, unlike many other instant payment methods.
  • High fees in some cases — Sometimes, bank transfer can be costly, but that mainly depends on your location, bank, and several other factors, so you should check possible transaction fees before making one. 

Is Using Bank Transfer the Best Method to Buy Bitcoin?

Bank transfers have their advantages, but we wouldn’t dare call it the best method. If you don’t have any other options available, there’s nothing wrong with using bank transfers. However, if you can use cards or e-wallets, we advise using them instead, as all transactions are faster that way.

What Are the Alternative Payment Method to Buy Bitcoin With?

Instead of using a bank transfer, you can always use some of the methods from the list below:

  • E-wallets — There are several great e-wallet options, with the most popular one being PayPal. They are fast, secure, and convenient. Moreover, they are accepted by many online crypto brokers.
  • Credit and debit cards — If you have a bank account, the chances are you already have a credit or debit card. Some of the most popular brands are Visa, Mastercard, American Express, and Discover.
  • Apple Pay — If you own an Apple device, you can set up its unique payment method, which offers fast and affordable transactions. Moreover, plenty of online brokers accept this method.

Final Thoughts

Using bank transfers for online crypto brokers might be perceived as a bit vintage due to plenty of faster payment options out there. Still, security plays an essential role in the world of online payments, and bank transfer is unsurpassed in that area. So, while they might be slower, the chances of losing your money to cybercriminals are minimal.


Can I buy Bitcoin anonymously with a bank transfer?

You cannot. You need to have a bank account to use a bank transfer, and opening one requires leaving your information with the bank of your choice.

How fast is buying Bitcoin with bank transfers?

A bank transfer is actually one of the slower payment options. It can take several business days before processing your transfer, but it can also be instant.

Do I need a crypto wallet?

Yes, you’re going to need a cryptocurrency wallet if you want to withdraw Bitcoin from the trading platform. There are plenty of great BTC wallets out there, so make sure to pick the right one for you. If you’re planning to buy other cryptocurrencies, you’ll need a wallet for them as well. Luckily, there are multi-crypto wallets.  

Are there low fees when using a bank transfer to buy Bitcoin?

It depends on many factors. However, it’s important to know that bank transfers can be more expensive than other payment options in some cases. We suggest learning more about possible fees before making a deposit.

Can I hold cryptocurrency in my bank transfer account?

You can’t. Bank accounts can only hold fiat money, so you’ll need to use a crypto wallet instead.

Can I buy other cryptos using bank transfers?

Yes, you can if the broker of your choice accepts cryptos other than Bitcoin.

Can I buy Bitcoin with bank transfers instantly?

Unfortunately, a bank transfer isn’t an instant payment method, so you might have to wait a while before buying Bitcoin. 

Is bank transfer the easiest way to buy Bitcoin?

To an extent, yes. Despite longer waiting times, bank transfers are one of the more straightforward methods you can use to buy Bitcoin.

Does Coinbase accept bank transfers? 

Yes, you can use bank transfers to make deposits to Coinbase.