Foreign with a us account buying bitcoins

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What are the cons of buying with a bank account?

Last updated: 17 December We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners. Buying Bitcoin is easier than you might think. The two main ways of buying Bitcoin are to find a Bitcoin broker and purchase directly or to visit a cryptocurrency exchange and buy Bitcoin on the open bitcoinss.

What are the pros of buying with a bank account?

Buying Bitcoin with a bank account is by far the cheapest option in terms of fees, and therefore, the best option if you want to maximize your profits. Another good aspect of using your bank account to buy Bitcoin is that you are able to pick and choose which exchange you want to go with more freely — since most exchanges offer bank transfer as a payment method. Another advantage of using your bank account is that the limits are way higher than for example credit card or PayPal. However, with a large selection of exchanges comes a more difficult time making the decision than for example having exchanges to pick between. Do not worry, in this tutorial we will present the results we have gathered in our research of finding the best way to buy bitcoin with a bank account. First and foremost we got the fees. Using a Bitcoin exchange should be easy, even for a beginner.

What are the cons of buying with a bank account?

Buying Bitcoin with a bank account is by far the cheapest option in terms of fees, and therefore, the best option if you want to maximize your profits. Another good aspect of using your bank account to buy Bitcoin is that you are able to pick and choose which exchange you want to go with more freely — since most exchanges offer bank transfer as a payment method. Another advantage of using your bank account is that the limits are way higher than for example credit card or PayPal.

However, with a large selection of exchanges comes a more difficult time making the decision than for example having exchanges to pick. Do not worry, in this tutorial we will present the results we have gathered in our research of finding the best way to buy bitcoin with a bank account. First and foremost we got the fees. Using a Bitcoin exchange should be easy, even for a beginner. We think that low fees and high limits can weigh up to a non-user friendly platform foregin eventually, you will get used to the platform.

Support is also a big one in our opinion. When using a service, or trying to verify yourself, there will always be errors or problems, no matter which exchange you pick.

The important part here is how well they help you get through the problem and how quickly they respond. This is an optional factor to consider, but for some the limits on the exchange are important. Now that we have looked at the most important factors to factor in when picking the best exchange, it is time to go through the best exchanges that accept bank transfer. With 13 million users, far more than the biggest stock brokerage, it is a powerhouse. With Coinbase, if you are a U.

The platform is extremely easy to use and can literally be used by anyone yes, even you grandma! During peaks in the interest of Bitcoin the customer buhing can be rather slow, this is understandable since Coinbase sometimes getnew users per day. Slow support is something to be expected for most exchanges out. The customer support seriously sucks at some exchanges, and while the Coinbase support can take a few days to answer, it is by far one of the friendliest and most helpful support team we have talked to.

Signup to Coinbase. Next in line is BitPanda. BitPanda is, foreignn now, only available in Europe, so for U. The platform is easy to use and got a modern look if that matters to you.

A processing time of only up to 3 days combined with the high limits and low fees make BitPanda a great option for our European readers.

The fees are not publically shown but rather included in the price when buying Bitcoin, which makes it hard to calculate exactly what percentage the fees are at. The support is great and really helpful. They even got their own support thread at BitcoinTalk. You can use the thread to find out an answer to your questions that are not considered personal. You can also send them an email if you want to have the conversation in private. BitPanda would probably put up a harder fight against Coinbase as the no.

But for European customers, BitPanda is a fast forfign cheap choice. Signup to bitpanda. This makes GDAX the cheapest option available for bank transfer. So, why is it placed third? Their user interface is hard to understand at first, which makes the incentive of a low fee less exciting.

We do not understand why Coinbase would make their sister platform this hard, but our guess is that GDAX is more supposed to be used for more experienced users. The support is like the others above really aaccount and friendly, so do not hesitate if you get stuck in the process of buying Bitcoin or verifying your identity. But, of course, a beginner will adapt to it when they have used it for a bying, so even beginners can give it a shot in our opinion.

There is no exchange that can offer a lower fee than GDAX, which makes it a really interesting option. They also offer some of the lowest fees in Canada and USA which makes them a great choice overall. The other con of this exchange is that they are not yet available in all US states, unfortunately. They also guarantee a refund in case of delay in delivery.

SEPA transfer is not available with Bittylicious, and their platform looks kinda cheap. They are however a legitimate exchange that is trustworthy.

Coinfloor has a deposit minimum of currency units 1, EUR or 1, poundsthis excludes the average Joe who wants to invest a smaller amount of money, but at the same time gives those investing a bit more money more focus and can offer faster support due to not as many users.

But if you are not from Austria, we would recommend you to look. Based in France, Paymium offers bank transfers for bitccoins living in France. They have a great mobile app that you can use to trade and sell your Bitcoins on the go or if you are traveling. If you are located in France bonjour! Forreign is available in 32 countries woth offers a wide variety of payment methods; including bank transfer. Support staff is available during weekdays from 8 AM to 1oPM which is a big plus.

Safello is a great option overall with great support and a user-friendly platform. We totally recommend it! With CoinCorner foreign with a us account buying bitcoins get access to your own mobile wallet available on Apple, Windows and Android phones. With a trading fee of 0. They, like CoinCorner, offer an included wallet. This is ys for small amounts of Bitcoins but if you have a large sum of Bitcoins we highly recommend you get a hardware wallet.

Cubits is a great option for Europeans that want to buy Bitcoin easily with an easy-to-use platform. Your email address will not be published. Our mission is to provide you with unbiased, easy to comprehend, reviews of the cryptocurrency space. We want to help the average joe trade, buy, sell and use cryptocurrencies.

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Read our beginner’s guide to buying bitcoin (BTC) with step-by-step instructions.

At first, only verification using a phone number is required. BTC search volumes: Indicators of Bitcoin mainstream acceptance? IMO if you answer «yes» to these questions it makes sense to use BitCoins to make international money transfers. Check the terms and conditions of your broker or crypto exchange for details of average processing times, and remember that the amount of activity on the Bitcoin network can also have an effect. Related What is your feedback about?