How to Buy Bitcoin (BTC) Instantly With a Bank Account?

CEX.IO is a global platform of fintech and crypto services. We follow world finance standards that allow us to build robust relationships with different banks worldwide. Thus, CEX.IO customers can benefit from a wide range of convenient payment methods. You can deposit and withdraw fiat money instantly using Visa and Mastercard debit and credit cards. As well as with a SWIFT, SEPA, and Faster Payments bank transfer. More about these in the next sections.

Guide: How to buy Bitcoin (BTC) with a bank account instantly?

To be able to buy crypto instantly on the CEX.IO Bitcoin Exchange, create an account and top-up your balance. You can register either an individual or a business account.

What account type to choose?

Both account types give you access to all CEX.IO services and products. The difference actually is in the deposit and withdrawal limits. Say, if you’re an entrepreneur and plan to trade big volumes on CEX.IO, then you need a business account. We also have a Corporate verification for companies so you can involve your company funds for earning with cryptocurrency.

Yet, if you’re not going to spend more than 10,000 USD in a day, open an individual account on CEX.IO. To buy Bitcoin using a bank account no verification of your source of funds is required. You just need to provide some personal information, like your name, date of birth, and place of residence.

Once you register and pass the verification, top up your account with fiats and start buying crypto.

How to top-up my account with a bank transfer?

Before you initiate a bank transfer deposit, get familiar with the conditions and fees of available methods. And pay attention to the list of countries where instruments are allowed. You can see the list down the page.

International transfer: SWIFT

SWIFT is an international payment system that connects millions of banks around the world. If you want to transfer money for long distances, but there is no direct contact between the sender and receiver bank, SWIFT using the intermediary bank. If you want to deposit USD, EUR, or GBP using the SWIFT transfer, make sure your bank is connected to the system.

To make a transfer, you need to provide a bank recipient name, address, and the IBAN or SWIFT number. This information you can get when you initiate the SWIFT deposit on CEX.IO. Just enter the amount that you’re going to send, choose the country and click Proceed. You can give the receipt you get to your bank officer or use it in your online banking. But don’t forget to include your unique reference — an order number.

Domestic transfer: SEPA, Faster Payments

These options are working locally meaning you can use them in a limited area. For instance, Faster payments are working in the U.K., and SEPA transfers are available in the selected European countries. So, if you live in one of the mentioned regions or have a bank account there, you can buy Ethereum, Bitcoin, Cardano, and other cryptocurrencies using domestic bank transfer.

Here is how to do it:

• Open the Add funds page;
• Choose the method available for your country;
• Enter the amount you want to receive on your CEX.IO account;
• Click Proceed and you’ll get the receipt.

Use this information for a withdrawal from your bank account. You can do that manually by asking your bank officer or via online banking.

Domestic transfers usually reach your account within 1 business day. Then you can use these funds to buy Bitcoin (BTC).

Instantly buy crypto with funds on your CEX.IO balance

We know that figuring out the crypto trading processes can take a lot of your time. So we’ve designed a simple and understandable Instant buy service. With this option, you can become a crypto owner with a few simple clicks, and the whole process will take no more than 5 minutes.

Step 1: Choose a cryptocurrency to buy

The receive the cryptocurrency instantly, you can use a Convert service in the CEX.IO Wallet. To do so, open the Wallet page and click Convert next to the fiat currency you have in your account. Then, choose a cryptocurrency you want to receive. This way you can buy Litecoin (LTC), Tether (USDT), Tron (TRX), and many other digital assets presented on CEX.IO.

Step 2: Decide how much to buy

You can enter any value in fiat or crypto, but make sure you have enough funds in your CEX.IO account to cover the conversion. The fiat value of your purchase will be shown according to the current cryptocurrency prices.

Step 3: Confirm the conversion

Review the details of operation and fees and click Proceed if everything is correct. CEX.IO also allows you to buy cryptocurrency with credit & debit cards. To do so, link a payment card in the Account manager section or visit the Instant Buy page and initiate the purchase. 

Enjoy your crypto

The number of crypto assets you’ve purchased will appear on your CEX.IO account immediately. Then, you can use it for trading, transfer to savings account for earnings, or wait for the price spike and sell Bitcoin.

Buy Bitcoin (BTC) via market and limit orders

If you have some experience in trading traditional or digital assets, or would like to start doing that, then you can use our Spot Trading page. There you can study the price charts, take a look at the market depth and order book, and place market and limit trade orders.

Studying the price charts

The chart shows you a relation of a base currency (eg: Bitcoin) to the quote currency (eg: USD). In other words, this is a BTC value in dollars. You can see the list of all markets on the left part of the page and choose BTC to USD, ETH to EUR, ADA to USDT, or any other pair.

On the price chart, you can see the historical changes in the asset value reflected in candlesticks. Each candle consists of information about the first, last, highest, and lowest price within 15 minutes. But you can switch the timeframe and choose from 1 minute to 1 day. The candlestick chart is useful for studying market trends and patterns and spotting the good time for buying and selling crypto.

Placing trade orders

With our user-friendly interface, you can easily find the order placing widget, it’s right under the price chart. You can choose between the instant market order and delayed limit order. Both types of orders can be placed to exchange fiat for cryptocurrencies and vice versa.

If you place the market order, it will be completed right at the moment of confirmation. We’ll take the best available price in the order book to execute your purchase request. Including the fact that CEX.IO serves 15 million people around the globe, it’s hardly possible that your trade will match the first order from the order book. That’s why the price of the market order execution is always estimated.

With the limit order, you can set your own price at which to buy or sell crypto. Once you confirm it, the order will be placed in a queue. And when the market price reaches the one you set, the order will be completed. You can look at the order book by scrolling down the page. So you’ll have a better understanding of the possible execution time of your limit order.

How to earn with crypto using the CEX.IO ecosystem?

CEX.IO’s ecosystem consists of numerous services allowing you to grow your crypto portfolio. Usually, traders spend hours and days studying the price charts and building up a strategy for profitable trading. However, you can multiply your crypto holdings by doing almost nothing.

Simplified crypto staking program

Proof of stake (PoS) is a comparingly new approach to transaction validation in blockchains. Users can connect to the staking nodes, lock their tokens there, and earn some crypto for keeping these funds locked in the network.

With CEX.IO Staking you can earn crypto by keeping staking tokens on your balance. There’s no time limit, you can withdraw or trade your crypto as soon as you need. And yes, we’ll count and credit your staking reward anyway.

Savings account for your crypto

Crypto savings account work similarly to traditional ones. You transfer your digital assets to an account and start earning annual rewards. The reward percentage varies from 3% to 16%, depending on the currency you use. What’s more, CEX.IO Savings doesn’t require you to fill in the long forms and wait until the end of the deposit period to withdraw your funds. You retain full control over your funds and earnings.

Join the CEX.IO affiliate club

Every CEX.IO customer can earn a referral reward by recommending the platform to friends, colleagues, or social networks followers. All you need is just copy your referral link and share it through any preferred channel. Your crypto blog or Twitter account can make you some money as you’ll get 30% of every trading transaction made by your referrals.

FAQ: Buying crypto with a bank account

Can I buy Bitcoin (BTC) online with a bank account in USD?

CEX.IO supports SWIFT payments in USD. Eligible customers can use this method to fund their CEX.IO accounts and buy crypto. However, please remember that availability of payment methods and platform services depend on your country of residence. 

How to buy Bitcoin (BTC) with SEPA bank transfer?

To use your bank account for buying crypto with SEPA, click Add funds on the Wallet page, choose EUR, and select SEPA. Once you click Proceed, you’ll get the payment details needed for a successful wire transfer. Remember that the reference and order numbers are different for each new deposit request. Make sure to include every detail from the receipt while making a deposit. Without this info, your deposit may be delayed for some days.

Can I buy Bitcoin (BTC) with a debit card?

CEX.IO accepts both debit cards and credit cards and you can use them either for instant fiat deposits or direct crypto purchases. To buy Bitcoin with a debit card instantly, open the Instant Buy page, choose the amount and click Buy. On the next step, you can add a new payment card to your CEX.IO account or pay for crypto with the one you’ve linked before.

How to withdraw money from CEX.IO to a bank account?

To make a withdrawal, you’ll need to provide your bank details like the bank name, country and address, BIC/SWIFT number, and your IBAN or bank account number. Make sure you have up-to-date information before initiating a withdrawal. Any mistake can lead to the fund’s loss.

When ready, go to the Withdrawal page and choose one of the wire transfer options. Next, provide the necessary details and confirm the payment. Make sure that you send funds to your personal bank account. The recipient's name should be the same as the CEX.IO account owner’s name.