One way to buy Bitcoin using a bank account is through an online broker like eToro. Start by opening an account with the platform. Once you’re in, transfer funds via bank deposit. After that, you’re free to use the balance to buy Bitcoin directly.
Here’s how the process works, step by step:
Go to eToro’s site and hit the sign-up button. You’ll fill in your name, email, and upload some ID to verify the account.
These are standard protocols when opening an account with a licensed broker.
After you’re verified, head to the deposit section. Select “Bank Transfer” as your funding method.
You’ll get a set of banking details and a unique reference number. That reference is important, so don’t skip it.
Log in to your bank or walk into a branch and send the money to eToro using the info they gave you. Depending on your bank, it usually takes a couple of business days to land.
Once the money shows up in your balance, search for “Bitcoin” or “BTC” on eToro.
Hit “Trade,” type in the amount, and confirm by clicking the “Open trade” button. Done.
⚠️ Quick heads-up: bank transfers aren’t available in every region. If you’re unsure, check with eToro’s customer support before transferring anything.
So why eToro?
Personally, I liked that I could just use my bank account (as long as it’s supported where I live). No card or any 3rd party app needed. Just a clean, direct transfer.
And since eToro is a regulated trading platform, it felt like a safe, reliable way to get started with Bitcoin, particularly if you prefer sticking with traditional banking methods.
About Mike Druttman
