Hi there! I’d like to tell you about the methods that i use to buy bitcoin with a bank account with the best exchange rate that is possible. Remember to read my review carefully. Anyway, here are the best of the best:
|Supported countries||Fees||Overall rating|
|Bitfinex||Worldwide except the US||Very Low||4/5|
|Coinfloor||UK only||Very Low||4/5|
Reasons to buy bitcoin using bank account
So, why should anyone buy bitcoin with a bank account anyway? Well,
sometimes people do not have access to a debit or credit card to buy bitcoin, or they just need to buy big amount of bitcoin urgently, since the fees are not as high as when using a card. For e.g., you will pay $14.9 fee for every $1000 when buying from Coinbase (ссылка) with your bank account against $39.9 when you buy bitcoins with credit card. I must also mention that buying limits are pretty high when using a bank account.
Also, the risks are so much less when you operating your bank account, not
your debit card, and the security level is pretty high. Another great feature is that, unlike credit cards, bank transfers do not have chargeback feature, that makes any bank transfer irreversible.
The only disadvantage of using a bank account to buy bitcoins is the time
that is required to complete the transfer.
Coinbase review: buying Bitcoins at Coinbase using bank account
- Advantages: pretty low fees, very fast transfers within EU and the US.
- Disadvantages: not available worldwide
Coinbase are one of the pioneers of the sphere, they have been around since 2012. They have great reputation and they are, frankly speaking, very client-oriented company.
When you will buy bitcoins using bank account through Coinbase you will
only have to pay a fee of 1.49%. Pretty generous!
Bitpanda review: buying Bitcoins at Bitpanda using bank account
- Advantages: the fees are pretty low, great user-friendly interface
- Disadvantages: Bitpanda is not available worldwide
Bitpanda has been around for 5 years already, providing brokerage services for multiple cryptocurrencies, including Bitcoin. Their only minor disadvantage is their coverage. You can sell bitcoins worldwide, but if you want to buy bitcoin through Bitpanda you will have to be inside the EU. Great service anyway!
Cex.io review: buying Bitcoin at Cex.io using bank account
- Advantages: different payment methods, mulicurrency suppors, no deposit fees
- Disadvantages: their brokerage fees are high
Cex.io has been around for 6 years already, delivering great brokerage and also a lovely trading platform. Remember, that the fees will be high while using the brokerage, but you can avoid the fees if you use the trading platform. Anyway, great way to buy bitcoin!
Bitstamp review: buying Bitcoin at Bistamp using bank account
- Advantages: great reputation, low fees for deposit or trading
- Disadvantages: not for newbies, no brokerage
Bitstamp is maybe the oldest service, that has been found almost 8 years
ago! Since it is kind of old-school, it is not very friendly to newbies (but their support service is top notch anyway), and does not provide any brokerage services. Anyway, their reputation is great, and the fees are pretty low.
Kraken review: buying Bitcoin at Kraken using bank account
- Advantages: great reputation, very low deposit and trading fees
- Disadvantages: no brokerage available, the server is down sometimes
Kraken is an oldie too, being one of the most respected Bitcoin exchange, and it is known for it’s Euro volume and liquidity. Kraken is available in the US, Canada, EU and Japan. Great choice!
Bitfinex review: buying Bitcoin at Bitfinex using bank account
- Advantages: low fees, liquidity
- Disadvantages: security issues, not very user-friendly interface
Bitfinex in no 1 bitcoin exchange in the world, coming from Hong Kong. Literally, it is the largest exchange even in 2019. The fees are pretty low, though they are volume dependant, usually starting an 0.2%. Also remember that Bitfinex does not provide any brokerage service.
Luno review: buying Bitcoin at Luno using bank account
- Advantages: the best option for emerging markets
- Disadvantages: not available worldwide
Luno is a great option for emerging markets. The fees are usually somewhere between 0.2% to 1%. Luno is available in a big variety of European countries, as well in Malaysia, South Africa, Nigeria and Indonesia.
Coinfloor review: Buying Bitcoin at Coinfloor using bank account
- Advantages: Major market for the UK
- Disadvantages: Available only in the UK
Coinfloor is really great market, but it operates only with GBP and operates only in United Kingdom. Enough said.
In a nutshell, you should definitely try to buy bitcoin through bank account, as it is very secure and reliable way to buy bitcoins. On the other hand, is it basically slower and takes more time than buying bitcoins with credit card.