This article provides a list of companies enabling you to purchase bitcoins using a bank transfer or a bank account. There are countries that offer transfer types that are specific like ACH transfer (USA) or SEPA transfer.

Coinbase

It is considered the largest bitcoin broker in the world. In United States, you can purchase bitcoin with a bank account connected through ACH bank transfer. In Europe, you can purchase as well via SEPA transfer using your bank account. Bitcoins bought with ACH will take five (5) days to be delivered; at the same time bitcoins bought via SEPA will takes two (2) days or less.

A flat 1.49% is charged as a fee for all transaction in Coinbase. Americans can opt to add a MasterCard or a Visa credit card to be used as a backup in order to unlock prompt payment through bank transfer.

PROS

• High liquidity as well as buying limits
• It’s simple for newbies to get bitcoins
• An available "Instant Buy" option with debit card or credit card

CONS

• Bank transfer made buying can take as much as five ( 5) days to complete
• Coinbase can track where and how your bitcoins are spent

BitPanda

BitPanda allows payment through bank account via Online Bank Transfer, SEPA and SOFORT

PROS

• Some of the cheapest rates for bitcoin buying using a debit/credit card
• Trusted and reliable broker

CONS

• Instead of showing fees on the website openly, it is covered in the purchasing price

GDAX

Customers from the US can fund via bank wire or ACH their trading accounts in Coinbase Exchange. UK and Europe residents can fund via SEPA transfer.

PROS

• Some of the cheapest fees available for EU and US customers
• Buying bitcoin for 0% fees is possible

CONS

• Confusing user interface for newbie buyers
• Bitcoin sending straightly from GDAX to a legally-questionable website may end up closing your account

CEX.io

CEX.io enables bitcoin buying by the use of ACH in the U.S. or through SEPA transfer for Europe countries

PROS

• Support for several countries and regions
• Low 0.2% for trading fee
• Trusted and established exchange

CONS

• Extensive Verification process which requires too much personal information (includes a photo) and incurs a long delay
• GBP market doesn’t have liquidity

Gemini

Customers from US can buy bitcoins by account funding with ACH transfer on Gemini.

PROS

• Regulated and trustworthy exchange
• Quick deposits can allow you to buy bitcoins instantly ( however not withdraw them)
• Some of the cheapest fees in Canada and US

CONS

• Kind of confusing for newbies to usa
• Not available yet in the whole US states

Bittylicious

UK residents can buy bitcoins in fifteen minutes through online bank transfer

PROS

• One of the quickest ways to purchase bitcoins in the UK
• Refund is guaranteed if the payment is delayed

CONS

• Payment method of SEPA transfer is not available
• Natwest PYC/RBS method of payment is not available

Coinfloor

EU residents can fund their own Coinfloor exchange account using SEPA while residents in UK can fund using online bank transfer or SEPA. Remember that a minimum deposit is required amounting to 1000 currency units (e.g. 1000 pounds or 1000 euros) PROS

• Regulated and trustworthy exchange
• Coinfloor Vaults is offered, a sophisticated service for bitcoin storage

CONS

• Coinfloor Exchange’s minimum deposit amount is high; deposit must be with a minimum of a thousand units of currency
• Coinfloor Market accepts only GBP bank transfers

Coinfinity

Austria residents can purchase bitcoins using an online bank account via SOFORT transfer.

PROS

• Established and trusted exchange.

CONS

• Payment methods available is limited
• It’s not private since ID verification is necessary for their exchange

Paymium

Paymium is a Bitcoin exchange based in France; anyone in the country can get bitcoins with a bank transfer using Paymium.

PROS

• Trusted and established exchange
• Available Mobile app

CONS

• ID verification required for amounts over €2,500, so not private

Bity

Bity is a broker of Bitcoin which makes buying bitcoins possible for the Europeans with SEPA. At first, verification is required by the use of a phone number.

PROS

• After verification of mobile phone, it’s just simple to start bitcoin buying
• After intensive verification, annual payment limit is up to €100,000

CONS

• Privately buying is not allowed since ID verification is necessary for most purchases
• With no intensive verification, annual limit is low with only €4,000

Safello

PROS

• Available in thirty (32) countries
• Presents various methods of payment
• Liquidity is deep which assures prices near the rate of fair market
• Support staff is every day available from 8 AM until 10 PM

CONS

• An ID verification is needed so buying is not in a private way
• Only Weekdays availability for support staff, starting 9AM until 5PM (UTC)
• Payments made through Swish only can be confirmed on weekends
• Fees are included in the purchasing price but not clearly stated

Bitstamp

It is considered one of the largest Bitcoin exchanges in the world. Europeans can just easily buy large bitcoin amounts fast via SEPA bank transfer. Anybody across the world can use their own bank account to transmit a wire transfer going to Bitstamp, though fees may apply.

PROS

• One of the Bitcoin exchanges which is longest-running
• Fee is very low at 0.25%, with trading volume sufficient falling at 0.1%
• Fair range of withdrawal and deposit options
• Liquidity is deep which promotes close price rate of fair market.
• Offers various range of altcoins

CONS

• Was hacked before, users shouldn’t keep funds for any time period on the exchange
• Small purchases of credit card has a high 8% fee, with trading volume that is sufficient falling to 5%
• Equip towards traders; quite confusing possibly for newbie buyers

Kraken

Kraken is considered the largest Bitcoin exchange dominated by Euro in the world based on the average trading volume daily. The bank transfer deposits it supports are from European, US, British, Japanese and Canadian customers. Deposits can be done via SEPA transfer, Interac and international bank transfer.

PROS

• Trusted and well-financed exchange
• Taker fee is very low at 0.25%, with trading volume sufficient falling to 0.1%
• Very low maker fee, falling to 0% with sufficient trading volume
• Liquidity is deep for buyers of large volume in EU markets assures a price near to rate of fair market
• Security is high-rated
• Proof publishing of reserve audits

CONS

• User-interface is difficult for newbie buyers
• ID verification is required, so it’s not private

CoinCorner

CoinCorner is an exchange of bitcoin which is Isle of Man-based. European and UK users can buy bitcoins with debit/credit card, GBP bank transfer or SEPA.

PROS

• Regulated company and trusted in the UK
• Various range of payment choices
• Good customer support
• Credit card purchases is instant
• Various range of countries are supported
• Bitcoin basic Video tutorials of Bitcoin and trading Multi-signature security features

CONS

• Credit card buying has a slightly high fee which is 5%
• Slightly high trading fee which is 1% by European standards
• Mobile wallet is offered but not a good idea for bitcoin storage
• ID verification is required, so it’s not private
• Equip towards traders; quite confusing possibly for newbie buyers
• Exchange prices is not provided for comparison without signing-up

Cubits

Cubits welcomes transfers by SWIFT, as well as other local bank methods of transfer just like Online Bank Transfer and SOFORT.

PROS

• Trading fee of 0.9% is fair
• Offers various range of payment methods
• Twenty (20) fiat currencies are supported
• Design is super clean making the process of buying easy

CONS

• Wallet offered shouldn’t be stored by bitcoins
• ID verification is required, so it’s not private

Bitfinex

Bitfinex enables clients to deposit using big fund amount using SWIFT

PROS

• Fees are very low including buyers of low volume; market makers is 0.1% and market takers is 0.2%
• One of the terrific ways to purchase big bitcoin amounts
• Accepts fiat or bitcoin lending with interest to margin traders (but risky in the event of hack)
• Liquidity is very deep which pushes a price close to rate of fair market
• Supports several altcoins

CONS

• Was hacked recently and has to fully reimburse yet all the users ‘s loss
• Equip towards traders; quite confusing possibly for newbie buyers
• Single payment option

Xapo

Xapo allows deposit accounts through international wire transfer.

PROS

• A vaulting service to start with, security investment claimed is more than $20 million
• Simple to navigate by first-time buyers
• Liquidity is deep which promotes close price rate of fair market.

CONS

• Gives out a wallet service which shouldn’t be for storing bitcpons
• ID verification is requires, so it’s not private
• Not publicly stated trading fees on the website.

HappyCoins

HappyCoins gives out many quick payment methods that are bank-related like myBank, iDEAL, GiroPay, SEPA and Sofort.

PROS

• Trusted and long-running exchange
• Offers various range of payment options
• Occasional "HappyHour" which means 0% fee periods
• Slight private; only the name, bank account number and email are required

CONS

• Publicly not displayed fees but are only included in the price at checkout