Buy Crypto with ACH Transfer

How to Buy Bitcoin and Crypto with ACH

As mentioned above, the safest way to buy cryptocurrencies with an ACH Transfer is through a licensed broker that adheres to all FINRA & SEC regulations.  We recommend Uphold US as they are regulated, have fast and free ACH transfers, low fees and tight spreads. They are also one of the only exchanges in the US that allows you to trade Crypto and Crypto Options in one platform.

To get started trading crypto using ACH on Uphold US, follow this simple guide:

1. Sign Up: Create an account on Uphold and complete your verification (personal or company).
2. Connect Account: Select the currency you want deposit on the Uphold Platform (USD + 30 more).
3. Deposit Funds: Connect any USD Bank account to quickly deposit US Dollars with an ACH Transfer.‍
4. Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.

What are the ACH Fees?

The ACH deposit fees for Uphold US are free. However, crypto purchases and sales may incur a fee that is charged in the spread of  the market price of the asset. This spread is variable, but averages at around 0.5% which is significantly cheaper than alternatives like Coinbase or Kraken that charge up to 1.49% per trade.

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Does ACH Block Crypto Deposits?

No, ACH transfers are not blocked by crypto exchanges. However, it is important to note that some banks may block deposits to cryptocurrency platforms. This can happen if the bank deems the platform to be a high-risk merchant or they have an internal policy against cryptocurrency trading (e.g Binance or Bybit). If this happens, you will need to transfer the funds via different methods such as Wire Transfer, Credit/Debit Card or e-wallet transfer.

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What is an ACH Transfer?

An ACH transfer is a type of electronic funds transfer (EFT) that is used to move money from one bank account to another. ACH stands for "Automated Clearing House," and it is a network that processes financial transactions, such as direct deposit and direct debit payments.

Unlike wire transfers, which are processed by banks and can be expensive, ACH transfers are processed by the ACH network, which makes them a more affordable and convenient way to move money between accounts. Some common uses for ACH transfers include paying bills, transferring money between accounts, and receiving direct deposit payments.

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Final Thoughts

In conclusion, to securely buy Bitcoin and cryptocurrencies with ACH transfers in the United States, opt for a licensed and regulated trading platform like Uphold. They offer fast, free ACH transfers, low fees, and a wide variety of cryptocurrencies to trade. Uphold is FinCEN regulated and boasts audited proof-of-reserves, ensuring a reliable and secure trading experience. Remember, ACH transfers are an affordable and convenient way to move money between accounts, making them a popular choice for depositing and withdrawing funds in the crypto market.