How to Buy Bitcoin With Bank Account Instantly

September 3, 2025

As more and more retail banks start to embrace cryptocurrency, crypto on-ramps are much more common than they used to be. That should be great news for everyone, but remember that banks are in direct competition with decentralized cryptocurrencies. The saying goes, “If you can’t beat them, join them!”

Some banks are happy to charge a commission for customers to hold their account balance in BTC, ETH, and a few of the more popular tokens. Other banks take a different view, restricting card payments to crypto exchanges and even closing accounts associated with the crypto activity.

The trick is to choose the right bank and the right on-ramp. You might want to trade off pseudonymity against cost, for example. It depends on your circumstance. We outline the 7 best ways to buy crypto from your bank and answer some of the most common questions.

What you'll learn 👉

Best Ways to Buy Bitcoin With a Bank Account

All the platforms we look at are well known, of a certain reputation, and are regarded as safe. They all have their unique selling points, but I’ll concentrate on the buying and selling of Bitcoin using fiat money.

Binance
Binance remains the largest crypto exchange worldwide and supports instant bank deposits via SEPA, ACH, and Faster Payments. With zero-fee BTC trading pairs and strong liquidity, it’s one of the cheapest ways to buy Bitcoin directly from your bank account. Users can also withdraw instantly to a private wallet.

Kraken
Known for its strong compliance and security, Kraken is a bank-friendly exchange with low deposit fees. U.S. and European users can fund accounts via wire transfer, ACH, or SEPA, usually clearing within 24 hours. It’s one of the most trusted platforms for fiat-to-BTC purchases.

Swan Bitcoin
For U.S. residents, Swan Bitcoin is the go-to platform for dollar-cost averaging. You can link your bank account and set automatic daily, weekly, or monthly BTC purchases. Fees are low and transparent, and withdrawals to self-custody are encouraged.

Bybit
Bybit has quickly risen as a global favorite, now offering instant bank deposits in multiple regions. It provides a simple fiat-to-BTC gateway with competitive fees, while still catering to advanced traders with futures and derivatives.

Revolut
Revolut has evolved into a fintech app that seamlessly bridges traditional banking and crypto. Users can buy Bitcoin directly from their account balance with a few taps, making it perfect for beginners.

Strike
Strike focuses on Bitcoin and uses the Lightning Network for instant transfers. U.S. and Latin American users can buy BTC straight from a bank account with no hidden spreads, making it a strong competitor for those seeking fast, low-cost purchases.

Cash App
Cash App remains one of the simplest ways to buy and withdraw Bitcoin. With instant bank-linked purchases and Lightning withdrawals, it’s especially popular in the U.S. and U.K. for small, recurring buys.

The fees are better than the vast majority of on-ramps. There are no spreads or withdrawal/deposit fees. There’s only a percentage commission on Bitcoin sales. Check the fees out here, but in essence, the more BTC you buy, the lower the fees.

Paying fees upfront earns you a discount, but you can opt to ‘pay as you go.’ For the minimum weekly total of $5 to $24, you pay 1.99% for pre-paid fees and 2.29% for the ‘pay-as-you-go fees. That’s pretty cheap compared to the other platforms on this list.

The great thing is that you only need to increase your investment to $50 per week to cut those fees in half. If you pre-pay your fees for one year and invest $50 per week, you will pay less than $26 in fees in total. That is a great deal considering the benefits of holding Bitcoin.

You can also set up a regular withdrawal to your private Bitcoinwallet for better security. Other platforms encourage you to hold your crypto on their exchanges after you buy it. This is solely in their commercial interests, not yours!

That’s the thing about Swan Bitcoin – it’s run by crypto fanatics for crypto fanatics. They inspire a level of trust and good business ethics unrivaled by the more mercenary platforms. Their main concern is onboarding as many people as possible and evangelizing the gospel of Bitcoin. I thoroughly recommend Swan Bitcoin for people in the US. They seem like good people.

Summary and Thoughts

The best options of wide range options are wire transfers, debit, and credit cards, They all work ok, depending on the bank, card issuer, and crypto platform. You can click on the links above for the detail in each case, but the most important thing has an account at a retail bank that allows transactions with cryptocurrency platforms. You should check your bank’s policies before attempting to buy crypto directly from your bank account.

The fact that we can still buy cryptocurrency at all with our fiat money is remarkable. Banks were initially happy to accept the merchant fees from cryptocurrency businesses to increase their turnover.

Things have changed, and banks now appreciate that, in the long term, cryptocurrency is a threat to their very existence. The take-home message is to buy crypto now – before it gets discouraged and then banned by the banks and the governments that support them.

However you buy your Bitcoin, it’s going to cost you more than it’s worth. Given the overall upwards direction of the market, this is not a big problem. A 5% premium will be overcome in 28 days, on average, but it’s still frustrating.

US residents can invest gradually with Swan Bitcoinfor a very reasonable fee, then withdraw regularly to safeguard their assets. Swan Bitcoinwins this race, and it’s my first choice on the list for the smaller retail investors.

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FAQs

What are the pros and cons of buying crypto with a bank account❓

There are very few advantages to using your bank account to buy Bitcoin. It’s cheaper than paying cash at a Bitcoin ATM, but there’s absolutely no privacy when you use your bank account.

Why should I use a bank account instead of a credit card❓

Wire transfers are generally cheaper than credit card transactions. The other consideration is that borrowing money to invest is very risky, especially when you consider the extortionate rates that credit card companies charge. You might typically pay 30% yearly interest, so you will lose money if your BTC does not increase in value by the same amount.

How do I transfer Bitcoins to my bank account❓

You don’t. You sell the BTC and transfer dollars. Some banks, such as Revolut, allow you to buy BTC using your dollar account, but you can neither send nor receive actual BTC from the account, yet. Hopefully, this will be a feature of all bank accounts in the future.

Do I need a bank account to buy Bitcoins❓

No. There are other options. You can use a Bitcoin ATM or pay a friend cash. I have never used a bank to buy BTC, and I do not intend to start now. I am lucky enough to have friends that always have BTC for sale, and friends that want to buy BTC.

Can you buy Bitcoins at a bank❓

It depends what you mean by ‘bank’ and ‘buy.’ Some banks allow their customers exposure to cryptocurrency, but you are not buying it – you are not even ‘renting’ it. Unless you have a crypto wallet for which only you hold the private keys, the crypto is not technically yours. It’s like pretending to buy it.

Can I withdraw Bitcoins to my American bank account❓

You can only withdraw actual Bitcoins to a Bitcoin wallet. Your average retail bank does not support crypto wallets, so no, you can’t. You need to sell your Bitcoin for dollars on an exchange, then withdraw fiat US$ to your bank account.

Is it possible to buy Bitcoin instantly with your bank account❓ (No verification required?!)

All locations and platforms that sell Bitcoin for fiat should be licensed and regulated. Theoretically, you need to fulfill KYC obligations (Know Your Customer) by confirming your identity, before you buy any cryptocurrency. This takes time to process.

How quick are bank transfers❓

Anything between virtually instant and a few days. International transfers can take up to 14 working days.

Where can I buy crypto with my bank account instantly❓

It’s the platform that can get you through the KYC process the quickest. I found Kraken to be the fastest at confirming my passport photos and bank statements. It took about 30 minutes.