How to buy bitcoin with eCheck [Routing and Account Number]

Buy low, sell high. It’s the mantra for any investment advice, bitcoin included. The bitcoin craze is at an all-time high, and its enthusiasts, including you, are looking not to lose any more time with the decision to invest in bitcoin – the question is only what is the easiest way to buy it?

Well, aside from the standard and more popular ones like direct bank wires or credit card/debit card, buying bitcoin with an eCheck is also an option.

Let’s throw some more light on the way how do you purchase cryptocurrency with eCheck.

Buy Crypto With Bank Account and Routing Number


Let’s have a quick look at the 3 best options, and after that, we will go through each of them in detail and some of their competitors as well.

Coinbase

Easy way for new users to purchase Bitcoin
Has lower fees than “easy buy” competitors
Regulated and trustworthy company

LocalBitcoins

Easy to buy small amounts of crypto
In some countries, the only way to buy some crypto
Various payment methods

Paxful

Huge number of payment options
You can buy all possible coins
Easy to use

How to purchase Bitcoin with eCheck (Routing and Account Number)


You can buy bitcoins using eCheck, especially if you get a reputable exchange or a marketplace that lists it as a payment option. You can Bitcoin purchase with a bank account, but you require a digital wallet to ensure the bank transfer of funds from anywhere. Echeck will make it easier for you to complete this transaction.

What Is An eCheck?


Echeck is essentially an online version of a normal, paper check. Echeck is a popular online payment option that utilizes routing and your account number. With it, you can make payments or deposit funds, although the process may take a day or two. It’s also known as the internet check, direct debit, electronic check, or online check.

Echeck consists of a routing and account number used to process transactions using the Automated Clearing House (ACH) system.  All transactions are quicker, easier, and safer. Therefore, you can buy bitcoins through echeck instantly and safely.

Echecks also take less time to process than paper checks. Echeck transfers usually last 3-7 days, but they are the cheapest payment method and charge almost no or very low transaction fee.

This guide will assist you in finding the best place to purchase bitcoins using echeck. Let us delve right in, shall we?

Best ways to buy Bitcoin with routing and account number


Coinbase


Let’s say you have a cryptocurrency portfolio, and you need a more straightforward platform to buy and sell. Coinbase gives you the best platform to do that, and you can manage your cryptocurrency portfolio on the same platform. The best part is that Coinbase is popular in the United States and has a popular following globally. The app is used on mobile devices, both Android and iOS. It implies that you can make your transactions wherever you are. It also allows a large purchasing transaction limit.

Visit Coinbase Now

LocalBitcoins


Ask some business owners about how they started, and most of them will tell you about personal selling.  A one-on-one kind of situation makes it easier for anyone to sell their products. Localbitcoin captures that because it allows person-to-person bitcoin trading. It’s an echeck platform that connects buyers and sellers. As a bitcoin vendor, you can create offers in all currencies on this platform.

Visit LocalBitcoins Now

Paxful


This platform is also a person-to-person marketplace with diverse payment methods. If you are using Paxful to purchase or sell your bitcoins, you can create offers in all currencies. If many people use something, there is some good, and Paxful enjoys over 2 million users. The app is accessible to Android and iOS users.

Visit Paxful Now

How to buy bitcoins with echeck On Coinbase


Here is the process of buying bitcoins on echeck on Coinbase.

  • Create an account by entering your name, email, and password
  • Verify the account
  • Add a payment account to Coinbase by tapping ‘trade’ on their website
  • Confirm your details before you make the transaction
  • Tap ‘Buy now’ to complete your transaction

You are done!! Easy and fast.

Here is a full Coinbase review in case you want to know more about the platform.

How to buy bitcoins with echeck On LocalBitcoins


It involves a series of the following steps:

  • Register your free account with LocalBitcoins (if you have an account, skip to the next step)
  • Complete the verification process
  • Search for advertisements on the main page and fill in the amount you intend to purchase, your currency, location, and payment method. Choose ‘All online offers’ as the payment method
  • Choose an advertisement
  • Pay the vendor
  • Mark payment complete

Here is a full LocalBitcoins review in case you want to know more about the platform.

How to buy bitcoins with echeck On Paxful


Follow these steps to buy bitcoins with echeck on Paxful.

  •  Set up search requirements by logging in to your Paxful account
  • Complete the verification process
  •  Find an offer by browsing through the list that pops up. You will see best rated and reputable sellers, the most active sellers on the platform, and the profitable margin
  • Trading— discuss with your seller the necessary details through the trade chat and follow their instructions meticulously
  • Make payment and click ‘I have paid.’

Here is a full Paxful review in case you want to know more about the platform.

Pros and Cons of buying bitcoin with e-check


As we have seen, echeck is actualized on various crypto trading platforms used by millions worldwide. However, echeck comes with its fair share of pros and cons. Let’s first focus on the pros.

Pros

  • eChecks are efficient and less wasteful as opposed to the normal checks
  • eChecks are also secure and safe for the purchase of bitcoins
  • They offer an instant option for bitcoin trading
  • It’s easy to set up an account on any echeck platform
  • eChecks allow you to trade in any currency from around the globe
  • eChecks have made crypto trading easy

Cons

  •  There is a higher risk of buyers and sellers getting ripped off
  • The verification procedures of some eCheck platforms require private information, which is a risk
  •  Sometimes there are slow bank transfers
  •  Some interfaces are not user friendly
  •  Low transaction limits for new users on various eCheck platforms

Conclusion


In a nutshell, eChecks present an easy way for you to make bitcoin purchases on any platform of your preference. Before you buy Bitcoin with an account and routing number, this guide gives you an idea of some of the best platforms you can utilize and make bitcoin profits. Now go ye and make some bucks.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Rene Peters

Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.

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