Buying Bitcoin with a Bank Account via a standard bank transfer is incredibly easy and is a feature supported on most cryptocurrency exchanges. This guide is tailored for US investors looking to buy Crypto easily via bank transfer from popular banks like Chase, Wells Fargo and Bank of America.

If you are a foreign investor looking for a fast way to onboard with your bank account, we would recommend Binance. They support the largest variety of countries, fiat currencies and deposit methods compared to any other platform.

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How to buy Crypto with Bank Account & Bank Transfer

The easiest way to buy Bitcoin and cryptocurrencies with a bank transfer in the United States is through a licensed digital asset exchange. We recommend eToro because they offer the lowest fees to deposit USD. Their platform supports trading of over 40 cryptos, stocks, ETFs, commodities, bonds and more.

You can buy Bitcoin from any bank account with a bank transfer by following this guide:

Step 1: Sign up to the eToro US trading platform.

Step 2: Complete your personal or company identity verification. You must verify an account type that is directly linked to the bank account you intend to deposit USD from.

Step 3: One you are on the eToro platform, select the 'Deposit Funds' button in the blue box as shown below.

Buying Bitcoin with a Bank Account eToro

Step 4: Once you have completed Step 3, you will be asked what fiat currency you want to deposit and via what Payment Method. Select USD and 'Bank Transfer' to deposit USD from any bank account.

Step 5: Select Continue and you will be provided with Unique Bank Deposit details to transfer USD from your bank. You can then sign in into your online banking portal and complete the funds transfer to start buying Bitcoin and Crypto.

Buying Bitcoin with Bank Transfer on eToro

Is buying Bitcoin with a Bank Transfer safe?

Buying cryptocurrencies with a bank transfer is easily the safest method to invest in digital assets. It is also the most widely supported payment method amongst exchanges, so you should have no problem depositing from any major US bank in the United States.

US Bank Cryptocurrency Regulations

Depositing dollars into licensed and regulated digital asset trading platforms is completely legal and does not violate and policies across all US Banks. The only aspect of cryptocurrency that is prohibited by US Banks is depositing funds into off-shore exchanges like or BitMex.

Overall, US Citizens are allowed to freely buy, sell and trade cryptocurrencies, NFTs and GameFi tokens through their bank account.

Fees to deposit USD via Bank Transfer

USD withdrawals back into your bank account are generally free or significantly cheaper between $1-2.

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