How to Buy Bitcoin & Crypto with Bank of America

Can I buy crypto with Bank of America?

Yes, but not directly through the bank itself. Instead, US-based users can easily buy Bitcoin and other cryptocurrencies with their Bank of America (BoA) cards through a licensed exchange like CEX.IO.

As one of the first crypto platforms to introduce credit and debit card purchases, CEX.IO provides a smooth bridge between traditional banking and the digital asset economy. Regulated and licensed in the United States, we ensure a compliant, secure, and transparent trading environment for all users.

While ACH and Wire transfers are not supported for crypto purchases on CEX.IO, we’ve built multiple instant payment gateways for Bank of America customers. You can use your BoA debit or credit card, or link it through Google Pay, Apple Pay, or PayPal (exclusive for US-based users).

What is Bank of America (BoA)?

Bank of America (BoA) is one of the largest financial institutions in the United States, providing banking and financial management services to over 68 million customers.

When you want to buy Bitcoin, you can use your Bank of America credit or debit card as a payment source. CEX.IO ensures your BoA card transactions are processed securely and instantly, allowing you to gain exposure to the crypto market within minutes.

How to Buy Crypto with Bank of America on CEX.IO

CEX.IO offers multiple pathways to purchase crypto conveniently, whether you prefer our web-based platform or the CEX.IO Crypto Mobile App (available on iOS and Android). Both choices deliver a streamlined experience from registration to wallet delivery.

1. Create a CEX.IO Account

To begin, you’ll need a verified CEX.IO account. Here’s how:

1. Visit CEX.IO or download the CEX.IO App.
2. Click Sign Up.
3. Enter your email address and create a secure password.
4. Verify your email via the confirmation link sent to your inbox.
5. Complete identity verification (KYC):
   1. Provide your full name, date of birth, and address.
   2. Upload a government-issued ID (passport, driver’s license, etc.).
   3. Submit a selfie or use the app’s live verification feature.

Once verified, you’ll unlock access to the full suite of CEX.IO services, including Crypto Staking and Savings (subject to eligibility).

2. Go to Instant Buy

On the dashboard, navigate to the Buy Cryptocurrency section.

In the CEX.IO App, simply tap Buy on the home screen.

Then:

1. Choose USD as your fiat currency.
2. Enter the amount you want to spend.
3. Select Bitcoin (BTC) or another cryptocurrency.
4. Click Buy Crypto Instantly.

You’ll then be redirected to the Add Funds page, where you can adjust your purchase amount and choose your preferred payment method.

3. Add a Payment Method 

Next, select Credit/Debit Card under the Select Payment Method tab.

Enter your Bank of America card details:

• Card number
• Expiration date
• CVV code

Click Add Card and follow the on-screen prompts to authorize the transaction. Once confirmed, CEX.IO will process your payment instantly.

4. Receive BTC in Your Wallet

After successful payment, your purchased BTC (or other crypto) will appear in your CEX.IO Wallet within moments.

To check your balance:

• Go to Wallet on the dashboard or app.
• Navigate to the Cryptocurrencies tab.
• Locate your BTC balance and track your assets in real time.

Popular Ways to Deposit from BoA to Crypto Exchanges

When depositing from Bank of America to crypto exchanges, users generally have several payment methods available, depending on the platform and region.

Common pathways include:

• ACH transfers
• Wire payments
• Debit and credit cards

However, availability varies by country and exchange.

When it comes to BoA, at CEX.IO, US-based users can only deposit funds with credit or debit cards. This approach ensures faster processing and instant crypto delivery, compared to ACH transfers or wires that can take days.

You can also link your BoA card to Google Pay or Apple Pay for seamless checkout, or use PayPal, which is exclusively available to US-based customers on CEX.IO.

Using your Bank of America card remains the easiest and fastest way to fund your crypto purchases on CEX.IO; no waiting, no delays, just instant access to Bitcoin and other digital assets.

Best Alternative Exchanges for Bank of America

If you’ve tried to buy crypto elsewhere and your Bank of America transaction didn’t go through, it’s likely that the exchange does not support BoA cards.

At CEX.IO, you can purchase Bitcoin and other cryptocurrencies almost instantly using your BoA credit or debit card. Whether you’re on a laptop or mobile, our Instant Buy feature allows you to complete your purchase in just a few clicks/taps.

This convenience, coupled with our licensing and regulatory framework, makes CEX.IO one of the most reliable and compliant crypto platforms for US-based Bank of America customers.