Buy Bitcoin 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).

We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.

  • Popular Exchanges
  • eToro exchange logo
    eToro
    BUY NOW at eToro's Secure Site
    Fees
    Varies by crypto/spread
    Account Minimum
    $50
    Promotion
    None
    • Supports Bitcoin, Ethereum & 15 other coins
    • Start trading fast; high limits
    • Clean & easy trading interface
    • Does not support credit card buys for US users.

    Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

  • Coinmama exchange logo
    Coinmama
    BUY NOW at Coinmama's Secure Site
    Fees
    2.93% - 3.90%
    Account Minimum
    $30
    Promotion
    30% Referral Commission
    • Works in almost all countries
    • Highest limits for buying bitcoins with a credit card
    • Reliable and trusted broker

Swyftx, established in 2017 and targeted at New Zealand users, aims to make crypto buying super simple for beginners with an easy to understand user interface, great guides, fast chat support, and an app for every device.

They support deposits with credit card.

This is an ad. We may receive compensation when you use Swyftx. Please visit Swyftx for its exact pricing terms.

Pros
  • fast chat and phone support
  • 230 trading pairs
  • multiple payment methods
  • Supports automatic recurring purchases
  • Instant verification
Cons
  • ID verification required when depositing NZD
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High

Swyftx, established in 2017, is a great exchange if you want to use your bank account to buy crypto.

Swyftx aims to make crypto buying super simple for beginners with an easy to understand user interface, great guides, fast chat support, and an app for every device.

This is an ad. We may receive compensation when you use Swyftx. Please visit Swyftx for its exact pricing terms.

Pros
  • fast chat and phone support
  • 230 trading pairs
  • multiple payment methods
  • Supports automatic recurring purchases
  • Instant verification
Cons
  • ID verification required when depositing AUD
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High

Established in 2013, CoinJar is the easiest way to buy, sell, store and spend digital currency. CoinJar's iOS and Android apps allow users to trade cryptocurrencies on the go, while CoinJar Exchange and CoinJar OTC Trading Desk cater for professional traders, as well as SMSF, individuals and institutions looking to make larger transactions.

This is an ad. We may receive compensation when you use CoinJar. Please visit CoinJar for its exact pricing terms.

Pros
  • Low trading fees at just 1%
  • Clean interface makes it easy for first-time buyers
  • Instant bank transfer with NPP / Osko / PayID
  • Australian crypto exchange established in 2013
Cons
  • Verification required in order to trade
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Average
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Limits
High

CoinSpot, established in 2013, is a popular Bitcoin & cryptocurrency exchange based in Australia. CoinSpot provides a simple and easy to use interface with a wide selection of features. Users can deposit via POLi, PayID, BPAY, cash deposit or direct deposit.

The exchange supports Bitcoin, Ethereum, Litecoin & 100+ other coins. OTC trading is also available.

This is an ad. We may receive compensation when you use CoinSpot. Please visit CoinSpot for its exact pricing terms.

Pros
  • Local exchange based in Australia
  • Wide range of cryptocurrencies
  • Free & instant deposits
  • Registered with AUSTRAC
  • Support available 24/7
Cons
  • ID verification required when depositing funds
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High

bitbuy is a cryptocurrency exchange based in Canada. You can buy bitcoins, litecoin, ethereum and other coins with credit card or Interace e-Transfer for 0.75% fees, or sell for 0.5%. The exchange has good support available through its live chat, or via phone & email.

Get a $10 bonus when you buy or sell at least CAD $100. T&Cs apply.

Pros
  • Fast way to buy bitcoins
  • Very high buy and sell limits
  • Can handle large buys through OTC desk
  • Only Canadian exchange to offer 1:1 BTC insurance
Cons
  • No longer supports Flexepin
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High

CoinSmart is a Canadian exchange. It allows users to buy and sell Bitcoin and all major cryptocurrencies in Canada.

Customers can buy and sell bitcoin and ether using Interac e-Transfers, bank transfers, SWIFT, and credit/debit card. New users will receive $50 CAD in BTC once they deposit at least $200 CAD.

Pros
  • Many payment methods accepted
  • Many coins offered
  • Fast verification
Cons
  • Somewhat new company
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Ease of Use
Average
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Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High

Netcoins is a Canadian exchange based in Vancouver. You can buy and sell Bitcoin, Ethereum, Litecoin and other major cryptocoins with Interac e-Transfer, online bill payment or wire.

They charge 0% on funding and FIAT withdrawal fees and .5% on trading. Customers receive support during business hours through live chat, email or phone call. Getting started and verified takes a couple of minutes.

New users will receive a $10 CAD bonus once they complete $100 in cumulative transactions.

Pros
  • Deep liquidity with no slippage
  • Instant withdrawals
  • Fully audited
  • Fast verification
  • Great customer support
  • Regulated and compliant MSB under FINTRAC
Cons
  • No mobile app yet
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Ease of Use
Average
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Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High

Rain is a crypto exchange focused on serving UAE, Saudi Arabia, Bahrain, Oman and Kuwait. They offer 24/7 support and meet all CCSS requirements as a crypto custodian and is licensed by the Central Bank of Bahrain as a Crypto Asset Brokerage.

Pros
  • Middle East Exchange based in Bahrain
  • Low fees
  • 24/7 customer support
  • Licensed by Central Bank of Bahrain
Cons
  • Brokerage only - order book coming soon
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High

Luno is a Bitcoin exchange with a presence in South Africa, Singapore, Nigeria, Malaysia and Indonesia. It offers 0% fees for market makers, meaning you can avoid fees if you place a buy order then wait for a seller to take it.

Luno also offers an Instant Buy feature.

Pros
  • One of the most trusted Bitcoin exchanges in Asia
  • Free deposits and low withdrawal fees
  • Low fees; 0% for market makers and only 0% - 1% for market takers (depending on fiat currency)
  • High to infinite limits for exchange, depending on verification level
Cons
  • Only supports Bitcoin and Ethereum
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High

Bits of Gold is a Bitcoin broker in Israel. You can buy Bitcoin directly from the company with bank transfer, cash, or credit card. The fees for buying with Bits of Gold are higher than Bit2c, but it is easier to use for first-time buyers. They also operate a Bitcoin ATM in Tel Aviv which requires no identification and charges a 5% fee.

Pros
  • Clean interface makes it easy for first-time buyers
  • No identity verification for amounts under 1000 ILS
Cons
  • Not private since identity verification is required for amounts over 1000 ILS
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Ease of Use
Hard
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Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High

eToro is a trading platform and crypto exchange. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.

Deposits can be made quickly via bank transfer, SEPA, NETELLER, PayPal and more. It also offers unique features like copy trading.

Cryptoassets are highly volatile. Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

Pros
  • Offers unique copy trading feature
  • Trusted exchange that has been active in traditional finance
  • Interface is clean and easy to use
Cons
  • You cannot deposit cryptocurrency, but you can deposit with other payment methods
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High

Pros
  • One of the longest-running Bitcoin exchanges
  • Very low 0.25% fee, falling to 0.1% with sufficient trading volume
  • Offers wide range of altcoins
Cons
  • High 8% fee on small credit card purchases, falling to 5% with sufficient trading volume
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Ease of Use
Hard
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Privacy
Low
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Speed
Slow
fees icon
Fees
Average
reputation icon
Reputation
Trusted
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Limits
High

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
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
fees icon
Fees
Low
reputation icon
Reputation
Trusted
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Limits
High

WazirX is a new Bitcoin and cryptocurrency exchange in India. It's operated by Binance, one of the largest crypto exchanges in the world.

Pros
  • Very nice trading interface and easy to use
  • Backed by Binance
  • Low 0.2% fees
Cons
  • Has orderbook so somewhat hard to use for new users
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High

Pros
  • Ability to also buy gold and silver
Cons
  • Requires ID verification, so not private
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
fees icon
Fees
Low
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Reputation
Trusted
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Limits
High

GeminiGemini

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
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Ease of Use
Hard
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Privacy
Low
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Speed
Slow
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Fees
Low
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Reputation
Trusted
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Limits
High

CoinmamaCoinmama

Coinmama supports buying in Europe via SEPA transfer. All other countries can send money to Coinmama using International Bank Transfers (SWIFT). There are no fees on purchases of 1000 EUR or more, while purchases under 1000 EUR cost 20 EUR in fees.

Pros
  • Works in almost all countries
  • Highest limits for buying bitcoins with a credit card
  • Reliable and trusted broker
Cons
  • Some of the highest fees among credit/debit card bitcoin brokers
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Ease of Use
Easy
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Privacy
Low
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Speed
Fast
fees icon
Fees
Average
reputation icon
Reputation
Trusted
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Limits
High

CoinbaseCoinbase

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 debit card
Cons
  • Purchases made with bank transfer can take up to 5 days to complete
  • Coinbase may track how and where you spend your bitcoins
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
fees icon
Fees
Average
reputation icon
Reputation
Trusted
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Limits
High

Coinbase ProCoinbase Pro

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
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Ease of Use
Hard
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Privacy
Low
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Speed
Average
fees icon
Fees
Low
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Reputation
Trusted
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Limits
High

KrakenKraken

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
  • 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
  • Highly-rated for security and data protection
Cons
  • Requires ID verification, so not private
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Ease of Use
Hard
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Privacy
Low
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Speed
Average
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Fees
Low
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Reputation
Trusted
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Limits
High

CEX.ioCEX.io

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
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Ease of Use
Average
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Privacy
Low
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Speed
Average
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Fees
Average
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Reputation
Trusted
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Limits
Average
Read Review

CoinfinityCoinfinity

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
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Ease of Use
Average
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Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High

BityBity

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
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Ease of Use
Average
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Privacy
Low
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Speed
Fast
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Fees
Low
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Reputation
Trusted
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Limits
High

CoinCornerCoinCorner

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 selling
  • Multi-sig security features
Cons
  • 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
  • Does not provide exchange prices for comparison without sign-up
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Ease of Use
Easy
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Privacy
Low
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Speed
Average
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Fees
Average
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Reputation
Trusted
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Limits
Average

BitfinexBitfinex

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
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Ease of Use
Hard
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Privacy
Low
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Speed
Varies
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Fees
Average
reputation icon
Reputation
Low Trust
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Limits
High

What are the pros of buying with a bank account?

The benefits of using a bank account are fees. Bank account is usually the cheapest deposit method for buying coins. Limits are also usually higher when using a bank account, assuming you have verified your account.

What are the cons of buying with a bank account?

The cons are speed. Bank transfers are slow in many countries, so bank transfer is often the slowest way to buy bitcoins.

What about bank vs credit card?

Credit card will be faster, but has higher fees. Bank account is slower but has lower fees.