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Buy Crypto with ACH Transfer

Buy Crypto with ACH Transfer

Adrian Graham
Fact Checked
Jan 13, 2023

Summary: The best way to buy Bitcoin and cryptocurrencies with an ACH Transfer in the United States is with a licensed and regulated trading platform. With this method, customers can deposit US Dollars (USD) via ACH from any US bank account to buy, sell and trade digital assets. They can also withdraw funds from the broker via ACH to send profits back to their bank accounts.

For investors looking to get started quickly, we recommend the Uphold platform because they are regulated by FinCEN and offer fast and free ACH transfers from all US banks. Their exchange allows you to trade over 200 cryptocurrencies with low fees and are one of the only platforms in the USA with audited proof-of-reserves.

Table of Contents

Best Crypto Exchange for ACH Transfers

Platform Highlights

  • Trade 210+ Cryptos with fast USD Deposits via ACH Transfer from any US Bank.
  • Regulated and Licensed in the USA by FinCEN with audited Proof-of-Reserves.
  • Offers multiple asset classes including Crypto (and Crypto Staking), Stocks, ETFs, Metals, Currencies and more.
Uphold - ACH Transfers
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Audited Proof of Reserves
Audited Proof of Reserves

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.
Buy Crypto with ACH transfer
Deposit USD with an ACH Transfer.

Deposit with an ACH Transfer via Plaid

Investors in the United States also have the option to use Plaid to connect their bank account on Uphold. You can watch the simple video guide below if you are interested in learning how to fund your account with this method.

What are the ACH deposit 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.

Does ACH block crypto exchange 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.

What are alternative Crypto exchanges that offer ACH deposits?

The list below is an overview of 5 alternative crypto trading platforms that offer ACH transfers and deposits. Each exchange listed below holds the requisite US licensing and regulatory approvals, making them secure venues to buy and sell digital assets.

  1. Coinbase
  2. Robinhood‍
  3. Kraken ‍
  4. Gemini
  5. Bittrex‍
Coinbase ACH

While these are great alternatives for investors, we have found that they do not match our top pick on fees, user experience and ACH transfer speed.  For this reason, we recommend that customers use Uphold US for their crypto trading needs.

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.

Final Thoughts

Buying Bitcoin and other cryptocurrencies with an ACH Transfer is easy and secure when using a licensed and regulated broker in the United States like Uphold US. With this method, customers can deposit USD via ACH from any US bank account to buy, sell and trade digital assets. They can also withdraw funds from the broker via ACH to send profits back to their bank accounts. This method is low-cost, secure, and convenient for both new and experienced investors.

Adrian Graham

Co-Founder & former banker turned Full-Time DeFi analyst and researcher. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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