BtPay is excited to announce our newest partner, Banxa. Together, BitPay and Banxa are expanding the payment methods available to BitPay users in the Wallet app and online at the BitPay website.
Cryptocurrency communities across the Americas, Europe, Asia, Africa, and Oceania can now pay for cryptocurrency assets using local payment methods. These local payment options offer a more convenient way to pay than traditional methods.
iDEAL
Crypto buyers in the Netherlands can use iDEAL, which allows direct online payments from bank accounts. Read more about buying crypto with iDEAL.
SEPA (Instant & Standard)
For the crypto community in European countries, the SEPA method is available for cryptocurrency purchases. Read more about buying crypto with SEPA.
ACH (Instant & Standard)
Crypto buyers in the US can benefit from ACH for instant electronic transfers between bank accounts. Read more about buying crypto with ACH.
Interac
The crypto community in Canada can utilize Interac for their transactions. Read more about buying crypto with Interac.
Faster Payments Systems
In the UK, the Faster Payments Systems (FPS) is a preferred choice for the crypto community. Read more about buying crypto with Faster Payments Systems.
PayID
Crypto buyers in Australia can link their bank accounts to unique identifiers like email or phone numbers using PayID. Read more about buying crypto with PayID.
POLi
In New Zealand, POLi facilitates direct cryptocurrency purchases from bank accounts.
PIX
The crypto community in Brazil can engage in instant 24/7 transactions with PIX.
Turkey Bank Transfer
Crypto buyers in Turkey have the local bank transfer method at their disposal for purchases.
South Africa Bank Transfer
For the crypto community in South Africa, the local bank transfer is an option for transactions.
SPEI
Crypto buyers in Mexico can secure instant transfers with SPEI.
Khipu
In Chile, Khipu, a secure online payment platform, is available for the crypto community to transact using bank accounts.
PSE
The crypto community in the Philippines can use the PSE’s e-payment system.
Thai QR
For crypto buyers in Thailand, Thai QR allows for cryptocurrency acquisition by scanning QR codes on mobile phones.
Buy Bitcoin with local bank transfers instantly
Cryptocurrencies available for purchase with BitPay + Banxa
BitPay and Banxa support the sale of over 175 cryptocurrencies across 20 chains, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Polygon (MATIC), and dozens more. Cryptocurrencies can be bought and managed within the BitPay Wallet app or sent directly to an alternative self-custody wallet from the BitPay website.
How to buy crypto with local bank transfers across the world
BitPay users across the globe have two easy ways to buy Bitcoin and other cryptocurrencies with their preferred local banking transfer method, via the BitPay Wallet app or on the BitPay website. Each is a convenient method of paying for crypto straight from your local bank account and managing your assets with self-custody.
Buying crypto in the BitPay Wallet app
Step 1: Get the app
Download the BitPay app from your preferred app store, or scan the QR code below. Already have the BitPay app? Skip this part.
Step 2: Tap “Buy Crypto”
Tap the “Buy” button on the app’s home screen to buy crypto from your bank account. In addition to Bitcoin (BTC), BitPay supports more than 60 of the most popular cryptocurrencies and stablecoins including Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC) and many more.
Step 3: Choose your amount and the cryptocurrency you wish to purchase
Enter the amount you’d like to convert to crypto, and the coin you want to convert.
Step 4: Choose ‘Other’ as your payment method
Along with bank transfer transactions, you can also buy crypto with a credit card, Apple Pay, Google Pay, or alternative local banking methods (where applicable).
Step 5: Review and chose your offers
BitPay partners with multiple crypto marketplaces to ensure you’ll always get the best possible rates, with no hidden fees or excessive markups. Choose the best offer available for you, and you’ll be automatically taken to one of our partner sites to enter your banking details and complete the transaction.
Note: Not all BitPay partners support local bank transfer methods.
Buy crypto with your iDEAL online at BitPay.com
Step 1: Choose your crypto
Visit BitPay’s buy crypto page. Select from the top cryptocurrencies including Bitcoin, Ether, Litecoin, Bitcoin Cash, USDC, Polygon and tons more. Enter the amount of crypto you’d like to buy.
Step 2: Send to any wallet
Enter the address where you’d like to receive your crypto. You can send your crypto to nearly any self-custody wallet as long as you know your wallet address. If you don’t already have a self-custody wallet, or would like to store your crypto in a new wallet, you may create a free BitPay Wallet.
Step 3: Pay with bank account and receive your crypto
BitPay aggregates offers from multiple partners to ensure you get the best possible rate. Look for the “Best Offer” flag. Once you’ve chosen your preferred offer, you’ll be taken to one of our partner sites to enter your banking details and complete the transaction. Your crypto will be sent to your wallet address and available to use near-instantly.
Note: Not all BitPay partners support local bank transfer methods.
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- Source: https://bitpay.com/blog/bitpay-banxa/
