Today, users can purchase cryptocurrencies directly from their bank accounts through regulated fiat-to-crypto providers. Paybis is a regulated cryptocurrency exchange with 7M+ users. The platform supports more then 90+ cryptocurrencies and up to 70 fiat currencies. Paybis supports a range of bank transfer methods, including SEPA, ACH, SWIFT, and region-specific options. This article explains how buying crypto through a bank account works, which payment networks are available, and how long each of them takes.

The process to buy crypto with bank account instantly follows five core stages:

  • 1. Choose the cryptocurrency you will buy and what amount you will pay in fiat.

  • 2. Select your bank payment method.

  • 3. Complete identity verification if required.

  • 4. Review fees and exchange rates.

  • 5. Authorise the payment and receive your crypto.

How to Buy Crypto Using a Bank Account on Paybis

Countries rely on different financial systems. Paybis, instead of presenting a single, inflexible payment scheme, supports a variety of region-specific bank and local payment channels. The options available depend on the user's country, the selected fiat currency, and what the checkout displays.

ACH Bank Transfer for US Users

ACH (Automated Clearing House) transfers are a secure and often lower-cost alternative to credit and debit card payments for users in the United States.

Here's how to buy crypto via ACH:

  1. Choose your crypto and specify the USD amount.

  2. Select ACH Bank Transfer.

  3. Enter your wallet address or use the Paybis Wallet.

  4. Complete the identity checks.

  5. Review the fees, then authorise the payment through your bank.

Available payment options, limits, and processing times depend on your state, bank, transaction amount, and regulatory requirements.

SEPA Bank Transfer for European Users

Customers in Europe can make euro transfers by utilising the Single Euro Payments Area (SEPA) infrastructure. Compared with most card payments, SEPA supports higher transaction limits and includes the SEPA Instant feature, which processes eligible transfers in less than 10 seconds. It is important to note that the availability of SEPA depends on the user’s country, bank of choice, and payment setup.

The process of buying crypto with the SEPA payment method:

  1. Choose from the list of supported cryptocurrencies and the euro as the fiat currency.

  2. Select the SEPA Bank Transfer option.

  3. Proceed further with the banking platform transfer request.

  4. Complete the KYC (Know Your Customer) verification if required for the type of transaction.

  5. Receive the crypto in your wallet once the payment has settled.

SWIFT Bank Transfer for International Payments

SWIFT transactions are particularly useful for anyone who needs an international bank transfer option when ACH and SEPA are unavailable. A transaction usually takes between one and five business days to be processed, depending on the intermediary banks involved.

The process to follow is:

  1. Enter your transaction details on the portal and select your primary local fiat currency.

  2. Select SWIFT Bank Transfer from the checkout options.

  3. Receive the dedicated bank payment details and a unique reference code from Paybis.

  4. Initiate the transfer from your online banking portal using the exact details provided.

  5. Review transaction fees, clear any outstanding security verifications, and wait for the system to process the payment and deposit the assets into your designated wallet.

Local Bank-Linked Payment Options

Paybis also enables users to utilise regional or local payment methods. Some of them have a direct interface to local bank systems, while others are digital wallets or alternative payment networks:

  • BLIK: A highly popular mobile payment system in Poland that lets users authorise instant transfers using temporary codes.

  • Pix and SPEI: Rapid, central-bank-backed transfer networks used in Brazil and Mexico, respectively.

  • M-Pesa: A mobile phone-based money transfer service popular across East Africa.

  • Revolut Pay, PayPal, Skrill, and Neteller: Digital wallets and alternative payment networks that offer rapid checkout solutions.

These are other payment channels that may offer faster, more convenient payment options depending on your location.

Final Thoughts: Can You Buy Crypto Fast with a Bank Account?

Bank transfers are among the most cost-effective and reliable payment methods for purchasing cryptocurrency, especially for larger transactions. Yes, debit or credit cards can deliver crypto within minutes, but with bank transfers you can often enjoy lower fees and even larger buying limits.

In supported European markets, SEPA Instant, purchasing cryptocurrencies via a bank account has become faster and more convenient.

To demonstrate just how straightforward the process is, here is a universal mini-guide that applies to all bank account methods on Paybis:

1. Set up the Order: Choose your currencies and enter the purchase amount. On the Paybis widget page, click the 'Buy' button to start placing the transaction you need. From the list of cryptocurrencies you want to buy, pick one and set your local fiat currency (e.g., USD, EUR, GBP). You can also enter the exact amount you want to spend.

2. Select Your Bank: Choose a suitable local deposit method. To determine the payment route your money will take from your bank, review the available payment options and choose the method that best suits your needs (e.g. ACH, SEPA, or SWIFT).

3. Provide Your Wallet Address: Specify your secure destination. Enter the wallet address to which you want the crypto sent. You may choose an external crypto wallet address. However, if you do not own one or just want custody via the simplest means, go for the free, secure, and integrated Paybis Wallet.

4. Confirm Your Identity: If this is your first purchase here, complete the automated identity verification by uploading a photo of a government-issued ID and taking a quick selfie.

5. Check the Total Cost Breakdown: Review the complete pricing breakdown before confirming the transaction. Double-check the live summary page that displays the current exchange rate, the payment fee charged by the Paybis platform, the service charge for payment processing, and the fee for the blockchain network.

6. Confirm and Complete: Use the secure link to connect your bank account, or follow the manual transfer instructions. Once the payment is successfully made, the system will promptly deliver the crypto to your wallet address.

FAQ

Which bank is best for buying crypto?

Usually, banks that facilitate transactions with licensed cryptocurrency providers are the most reliable. Among crypto-friendly banks, Revolut, N26, and Ally Bank are commonly used. 

Which banks allow me to buy crypto?

Many banks allow crypto purchases when the transaction is made through a legitimate, licensed exchange like Paybis. 

How to buy crypto without waiting 24 hours?

Select a platform that supports instant payment methods. SEPA Instant is available for nearly instantaneous transfers within Europe only.

Can I buy crypto directly…

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