When it comes to purchasing Bitcoin, using a bank account offers a distinct set of advantages and considerations compared to credit or debit card transactions. We ensures a seamless and reliable service regardless of your chosen payment method. Here’s a breakdown of what you need to know when opting to buy Bitcoin with a bank account.
Pros of Buying Bitcoin with a Bank Account
Lower Fees: Transactions via bank accounts typically incur lower fees than those made with credit cards. While credit card processors may charge around a 5% fee, bank transfers optimize your investment by reducing transaction costs.
Support for SEPA Accounts: We caters to users with SEPA (Single Euro Payments Area) bank accounts, expanding its service reach beyond those using MasterCard and VISA cards.
Higher Purchase Limits: Bank account purchases come with higher daily limits. You can buy over €10,200 worth of Bitcoin daily via bank transfer, more than double the limit for card transactions, which stands at €4,255.
Cons of Using a Bank Account to Buy Bitcoin
Processing Time: Bank transfers don’t offer the near-instantaneous processing time that card purchases do. SEPA transfers, in particular, may take a couple of days, delaying the receipt of your Bitcoin.
Rate Lock-in Delay: Due to Bitcoin’s price volatility, the rate lock-in can be a double-edged sword. The rate is fixed when we receives your transfer, which might lead to receiving a different amount of Bitcoin than initially expected if the price fluctuates during the transfer period.
Geographical Limitations: Our bank transfer option is primarily available to users with SEPA bank accounts, covering 33 countries within the European Union and beyond.
