Buy or Sell Bitcoin with Wire Transfer Services (2024)

FAQs

Can I buy Bitcoin with wire transfer? ›

Many cryptocurrency exchanges and platforms offer wire transfer as a payment option for buying bitcoin, and it is a preferred method for many investors due to its reliability and security.

All wires are processed within one business day. If you recently submitted a wire, it may take a few hours before you see the funds reflected on your account.

If you've ever used your bank account to pay a bill online or received a bank deposit from your employer, you've used ACH. You can use the same online banking method to buy bitcoins with an ACH transfer.

In general, debit card purchases or wiring funds directly from your bank to your Coinbase USD balance do not affect your withdrawal availability - if no restrictions exist on your account, you can use these methods to purchase crypto to send off of Coinbase immediately.

Log in to your Wallet on the Blockchain.com iOS/Android app. Toggle from DeFi Wallet to Blockchain.com Account at the top if needed. On the homepage, select US Dollar and then click Add Cash. Select Wire Transfer (for non-US users, the deposit details are shown right after you click Add Cash).

Bitcoin's transaction times can vary greatly, ranging anywhere from ten minutes to one day. However, it will usually take between thirty minutes and two hours to complete the process. It is worth keeping in mind that the average transaction time tends to be around one hour.

The difference between a wire transfer and a real time payment is that real-time payments take place and settle instantly, but wire transfers can take anywhere from a few minutes to 24 or more hours, depending on the financial institutions involved in the transactions.

If transfers occur between accounts at the same financial institution, they can take less than 24 hours. Wire transfers via a non-bank money transfer service may happen within minutes. If you're sending money to another country, however, it may take as many as five days for the recipient to receive their funds.

You can deposit US dollars via ACH for free and have instant access to your funds. No need to wait 3-5 days to start trading. For larger amounts, wire transfers are available.

How can I buy Bitcoin directly from my bank account? ›

To buy Bitcoins with your bank account on Coinbase, you'll first need to link your bank account to your Coinbase account. Once your bank account is linked, you can then select it as a payment method when buying cryptocurrency on Coinbase. This will initiate an ACH transfer for the value of your purchase.

BitPay supports settlement via bank transfer in major currencies like USD, EUR, and GBP. BitPay also offers settlement in cryptocurrencies like BTC, ETH, and USDC globally.

To buy Bitcoin using a bank account no verification of your source of funds is required. You just need to provide some personal information, like your name, date of birth, and place of residence.

If you're getting into cryptocurrencies, consider banks like Revolut, Wirex, Juno, Monzo, Ally Bank, or BankProv. They make it easy to trade, manage wallets, and integrate with crypto exchanges, offering a convenient mix of traditional and digital financial services.

Can I transfer money from Bitcoin to my bank account? Yes, you must find an exchange platform that supports fiat currencies, like USD, EUR, or other currencies of your choice. Buy BTC from the exchange or transfer if you own it in your crypto wallet, then sell BTC for fiat and withdraw the amount to your bank account.

Wire transfer enables US residents to deposit a greater amount of USD into their fiat wallet on the Crypto.com App.

In the top right corner of your Gemini account page click Transfer and then Deposit into Gemini. On the next page choose which fiat currency to deposit, and select Wire or Bank Transfer as your Deposit Method — click continue.