Is it possible to purchase bitcoin using a bank account and routing number?
BlueSpaceBoy01Jan 13, 2022 · 3 years ago3 answers
I would like to know if it is possible to buy bitcoin using a bank account and routing number. Can I link my bank account to a cryptocurrency exchange and use it to purchase bitcoin? What are the steps involved in this process?
3 answers
- Jan 13, 2022 · 3 years agoYes, it is possible to purchase bitcoin using a bank account and routing number. Many cryptocurrency exchanges offer the option to link your bank account and use it to buy bitcoin. The process usually involves verifying your identity, linking your bank account by providing your routing number and account number, and then initiating a transfer from your bank account to the exchange. Once the transfer is complete, you can use the funds in your exchange account to buy bitcoin.
- Jan 13, 2022 · 3 years agoAbsolutely! You can definitely buy bitcoin using a bank account and routing number. Most reputable cryptocurrency exchanges support this payment method. To get started, you'll need to create an account on a cryptocurrency exchange, complete the necessary identity verification process, and then link your bank account by providing your routing number and account number. Once your bank account is linked, you can easily transfer funds from your bank account to the exchange and use them to purchase bitcoin.
- Jan 13, 2022 · 3 years agoYes, it is possible to purchase bitcoin using a bank account and routing number. At BYDFi, for example, you can link your bank account to your exchange account and use it to buy bitcoin. Simply sign up for an account, complete the verification process, and then navigate to the 'Deposit' section. From there, you can select the option to link your bank account and follow the instructions to provide your routing number and account number. Once your bank account is linked, you can initiate a transfer and use the funds to purchase bitcoin.
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