Where To Buy Cryptocurrency With a Bank Account In 2023

Byline: Hannah Parker

0CtFqbnQ5ln335BgPnPjNMKie2U1hq pKdT4DsfWcVe5wWzK7fzFjqBU7PJxINh9o5jEmzQoWTXZyYkGsnm60 Mj0Rt71mWgxBSKyxQmvPq9tF5cwERk 5SasE7AjGJK41mFMcXTwog
Photo by: World Spectrum

The crypto industry is rapidly gaining popularity and becoming even more ingrained in our society and daily life. Furthermore, this decentralised finance industry that operates separately from the oversight of central authorities is infiltrating and embedding itself in various sectors, including the global financial industry and economy. This is due to partnerships between crypto companies, digital currencies, and international financial companies. 

For instance, Both Visa and Mastercard have been on a crypto cooperation binge. To enable banks and merchants in its network to offer cryptocurrency-related services, Mastercard has previously partnered with Coinbase on NFTs and Bakkt.

By making it simpler for banks to participate, Mastercard hopes to popularise cryptocurrency. On the other hand, Visa has over 70 cryptocurrency agreements and collaborates with FTX to provide crypto debit cards in 40 countries.

Why should you buy crypto with a bank card?

As covered by digital currency experts from Bitsoft 360 AI , there are numerous reasons why a crypto investor should consider buying crypto using their debit or credit card:

  • Convenience and efficiency: Using your credit card could be as convenient as using any other form of payment if the exchange accepts credit card transactions. The time needed to make a transaction using a credit or debit card is the same, taking only a few seconds. Most bank account payments are handled in no more than seven days, enabling one to purchase and hold crypto such as Bitcoin in their account. The inconveniences of setting up accounts where an investor wishes to utilise an e-wallet as a form of payment are avoided by connecting a bank account with an exchange platform, which is a relatively simple and secure process.
  • Security: Since credit cards aren’t connected to your personal assets, it’s frequently advised to utilise credit instead of debit or a bank transfer whenever possible. The added security is essential in a field where security concerns are prevalent. Furthermore, banks have significantly strengthened their security procedures to safeguard an investor’s or a customer’s money by preventing fraud. Additionally, it is a cost-effective way to transfer money from a bank to a broker or exchange platform.

Crypto exchange platforms that allow bank accounts

  1. Coinbase

Coinbase is a safe online marketplace for purchasing, trading, transferring, and storing cryptocurrencies. You may purchase well-known coins like Bitcoin, Ethereum, and Solana. More than 120 different cryptocurrencies are available on Coinbase, but only some currencies are supported. With a linked bank account, you can buy Bitcoin in the US through an ACH bank transfer. Using your bank account, you can use a SEPA transfer to make purchases in Europe. While SEPA purchases take fewer than two days, ACH purchases require five days to deliver the coins. Every transaction on Coinbase is subject to a fixed fee of 1.49%. Americans can add a Visa or Mastercard credit card as a backup to enable fast bank transfers.


  • Easily understandable for beginners
  • An easy way for beginners to buy coins
  • High liquidity and buying limits


  • Purchases made with a bank transfer can take up to five days to process
  • Coinbase may track how and where you spend your Bitcoins
  1. eToro

Featuring support for trading in more than 30 cryptocurrencies, eToro is a cryptocurrency exchange and an online brokerage platform with a small number of stocks and exchange-traded funds (ETFs). It is an excellent broker for new users because it is simple and available on Android and iOS. An investor using eToro can quickly purchase, store, receive, and transfer cryptocurrency from a constantly expanding range of assets in the eToro money wallet. Access to more than 2000 financial assets, including more than 50 cryptocurrencies, is provided via the site. Since it has over 30 million members across 140 countries, eToro is well-known and well-liked.


Vary according to crypto/spread.

Account minimum:

  • $50


  • A vast range of payment methods
  • Crypto wallet supported
  • Easy trading interface
  • Copy trading tools
  • Supports over 50 cryptocurrencies


  • $10 inactivity fee
  • It does not support credit card purchases for US users.
  1. Gemini

Gemini is a cryptocurrency marketplace where users may buy, sell, store, and spend cryptocurrencies through both a website and a mobile app. Security and ease of use are its key selling factors. Its own currency, the Gemini stablecoin, allows trading in more than 120 cryptocurrencies.

By adding money to their account using an ACH transfer, customers in the US can buy crypto, including Bitcoin.


  • Trustworthy and regulated exchange
  • It provides some of the lowest fees in the US and Canada
  • Provides instant deposits that let you buy coins quickly


  • New users may find it complex and confusing

As mentioned above, crypto as an industry is rapidly expanding. Moreover, due to its technology and innovations, the industry has since managed to infiltrate various industries, including centralised global economies. The industry is steadily developing and becoming more viable, secure, and lucrative. Due to this, more partnerships are rising between crypto companies and various companies within different industries, including finance. Although we cannot predict the future, based on the partner trends taking place, we believe crypto and the technology created and used within the crypto industry is yet to enter not only global economies but our societies and daily lives.