How to Buy Bitcoin & Crypto with Ally Bank

At CEX.IO, you can buy Bitcoin with Ally Bank credit and debit cards instantly, without waiting for long transaction approvals or manual bank transfers. This gives you immediate access to the crypto market, allowing you to buy, sell, and trade Bitcoin or other supported assets directly through your verified CEX.IO Wallet.

While Ally Bank doesn’t currently support direct crypto trading through its own platform, its customers can securely link their cards to CEX.IO to complete crypto purchases in just a few clicks. Continue reading to discover the fastest and most convenient way to buy crypto using your Ally Bank card.

What is Ally Bank?

Founded in 1919 and headquartered in Detroit, Michigan, Ally Bank is a leading U.S. digital financial institution known for its online-first approach. It offers checking and savings accounts, loans, auto financing, and investment services entirely through digital channels. The bank also provides three Ally Bank Debit Card and credit card products, available by invitation, with competitive cashback rewards.

While Ally supports ACH transfers and wire payments for traditional banking, these methods are not supported on CEX.IO for U.S.-based users. Instead, customers can link their Ally debit or credit cards to buy crypto instantly through secure, card-based transactions on CEX.IO.

How to buy crypto with Ally Bank on CEX.IO?

CEX.IO users can buy Bitcoin with their Ally Bank balance through Instant Buy. This feature allows eligible participants to seamlessly link their Alli Bank credit or debit card to the CEX.IO Wallet and acquire Bitcoin and other crypto at current market rates:

1. Register an Account

Getting started with CEX.IO takes just a few minutes. Download the CEX.IO App, tap Create your account, and fill in your email and password. Select your country (and state if you’re in the U.S.) and accept the Terms of Use.

Confirm your email address via the link we send to your inbox. Once verified, you can log in and proceed with the next step.

2. Verify Your Identity

CEX.IO requires every customer to complete identity verification to ensure a secure environment for crypto transactions.

Inside the app, go to your Profile → Verification and tap Verify now. Choose your document type (passport, national ID, or driver’s license), take clear photos of both sides, and submit them along with a quick selfie for facial recognition.

Verification usually takes less than five minutes, after which you can freely buy, sell, and trade crypto.

3. Access Instant Buy

Once you’ve verified your identity, use your CEX.IO login credentials to sign in on either the web platform or mobile app. If you’re on the website, go to Buy Cryptocurrency; if you’re using the app, simply tap Buy on the dashboard.

Select USD as your payment currency and type in how much you’d like to spend. From the available list, pick BTC or any other crypto that fits your goals. You can also search directly if you already know what you’re after.

Then, hit Buy Crypto Instantly. You’ll land on the Add Funds page, where you can review your payment details and confirm your purchase securely.

Please note: CEX.IO currently supports only credit and debit cards issued by Ally Bank. Users who prefer not to share card details may use other funding gateways, such as Google Pay, Apple Pay, and PayPal (for U.S.-based users), where applicable. This means users won’t be able to buy crypto in the Ally Bank app, but they can use it to check transaction status. 

4. Add a Payment Method

In the Add Funds section, you’ll see the summary of your order, including the asset you’re buying, the selected currency, and the purchase amount. If you want to change the value, tap the amount field to edit or select from preset amounts.

Scroll down to Select Payment Method, and select Credit or Debit Card. Enter your card number, expiry date, and CVV code. Then click Add Card to save your payment option for quicker future purchases or withdrawals.

Finally, review all payment details carefully, make sure the entered data matches your card, and confirm the transaction to complete your order.

5. Receive BTC in Your Wallet

After you finalize the payment, your Bitcoin (BTC) will land in your CEX.IO wallet almost right away. Some banks may take a few moments to confirm the transaction, but most purchases are processed instantly.

Once your BTC appears, you can keep it for long-term storage, swap it for another coin, or sell it directly within the app. 

Popular Ways to Deposit from Ally Bank to CEX.IO

Most users prefer fast, card-based payments when funding their Ally Bank accounts. With an Ally Debit Card or credit card, customers can buy crypto instantly on CEX.IO through our desktop platform or the CEX.IO App. U.S.-based users can also link their cards to Google Pay, Apple Pay, or PayPal (where available) for quick and secure purchases.

Although ACH Bank Transfers are commonly used for traditional payments, they are not supported on CEX.IO for U.S.-based customers due to settlement and compliance restrictions. Instead, card-based methods provide immediate processing, verified security, and near-instant access to purchased assets, making them the preferred and most efficient way to deposit and buy crypto with Ally Bank.

What are Ally Bank Fees and Limits?

Ally Bank fees are generally low, with many common charges fully waived. The bank has no monthly maintenance, overdraft, or ACH transfer fees, and does not charge for incoming domestic or international wires. Customers also enjoy up to $10 in monthly reimbursements for out-of-network ATM fees. However, certain services carry costs, including $15 for expedited delivery, $20 for outgoing domestic wire transfers, and a 1–3% foreign transaction fee on debit card purchases.

For Ally Bank crypto purchases on CEX.IO, only debit and credit card payments are supported for U.S.-based users. Card deposits typically start at $20, with processing fees ranging from 0.49% to 4.99%, ensuring instant, secure, and compliant crypto transactions.

Ally Bank Cryptocurrency Policy

Ally Bank takes a cautious, compliance-first approach to digital assets. While customers cannot trade cryptocurrencies like Bitcoin or Ethereum directly through Ally, they can access crypto-related funds such as the Grayscale Bitcoin Trust (GBTC) or purchase shares in companies connected to the blockchain industry.

For those who want to buy crypto, Ally Bank users can link their debit or credit cards to CEX.IO and purchase digital assets instantly. ACH and wire payments are not supported on CEX.IO for U.S.-based users, ensuring that all transactions remain fast, verified, and fully aligned with financial regulations.