Buy Crypto With Bank Transfer Binance – 1. Log in to your account and click [Crypto Cover] – [Third Party Payments] from the top navigation bar.
2. Select the fiat and crypto currency you want to buy. Enter the amount you want to spend in fiat. Select [BANXA] as the payment channel and click [Continue].
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3. You will be redirected to the BANXA website. You can check your order and choose your payment method here. Click [Make Order].
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4. If you are buying from Banxa for the first time, you must go through the verification process. At this stage, you can enter your contact details, including your email address and phone number.
Note: Please double check that you have entered both correctly, as this is the email address that Banxa will use to contact you about your order, and they can also reach you via SMS depending on your payment method.
6. You need to upload a photo of your document to Banxa. Carefully read the instructions given during the process.
Note: Failure to follow the instructions may result in the delay or cancellation of your Banxa order. Your documents must be valid and current. Please make sure that when you take a photo of your document, all important details are visible and not withheld in any way. For more information on the verification process, see here.
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7. You also need to upload a selfie while keeping your ID (the ID you entered in the previous step). Follow the instructions carefully during the process.
Banxa identity verification note: Selfie must be clear, not blurred, and not glare. Your face must be clear, and the information on the document you are holding must be legible. Photos must be taken the day you place your order. Failure to follow the instructions may lead to a delay or cancellation of the order. Also note that placing an order does not mean you have passed verification. The process happens in the background, and if you go through it, your order will be completed. If you do so, it can be canceled and refunded.
8. After submitting the document for verification, enter your payment details. Make sure you use your own card (card in your name), or a bank account in your name.
9. After payment, you will see the order status. You are given the option to return to .
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10. BANXA will notify you of the latest information about the order by email, such as when the payment is received, when the transfer begins, when the order is completed, etc.
When the transfer starts, you can check the status of your transaction on the blockchain network. You will receive a link in the email to check the progress of your order. When your order is complete, i.e. the transfer is complete and the transaction is confirmed in the blockchain network, the crypto you bought will be available in the Spot Wallet.
Note: The fact that the transfer has started does not mean that it is immediately confirmed on the blockchain (it takes time and depends on the speed of the network). Waiting patiently.2. Here you can choose to buy crypto with different fiat currencies. Enter the amount of fiat you want to spend, and the system will automatically show you the amount of crypto you will receive.
4. Enter your credit card details. Please note that you can only pay with a credit card in your name.
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6. Check the payment details and confirm the order in 1 minute. After 1 minute, the price and the amount of crypto you have will be recalculated. You can click [Refresh] to see the latest market price. Fees are approximately 2% per transaction.
7. You will be redirected to the OTP transaction page of your bank. Follow the instructions on the screen to confirm the payment.
AED, AMD, AUD, AZN, BGN, BHD, BRL, BYN, CAD, CHF, CLP, COP, CRC, CZK, DKK, DOP, EUR, GBP, GEL, HKD, HUF, ILS, IDR, ISK, JPY, KES, KWD, KZT, MNT, MXN, NGN, NZD, OMR, PAB, PEN, PHP, PLN, QAR, RON, RUB, SAR, SEK, TJS, TRY, TWD, UGX, USD, UYU, UZS, VND, XAF and ZAR.
2. It says that the country that issued my card is not supported. Which card issuing countries are currently supported?
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It currently supports more than 220 countries. Please try a card from another issuing country if you have one.
4. Why do I see this error message: “The transaction was declined by the issuing bank. Please contact your bank or try a different bank card.”?
This means that your bank card does not support this type of transaction. Please contact your bank or try a different bank card.
Yes, if you cannot complete the order within the time limit, it will not be valid, and you will need to submit a new transaction.
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8. When I place an order, I am notified that I have reached my daily limit. How can I increase the limit? If you’re looking for a quick and easy way to buy Bitcoin and other cryptocurrencies, try linking your bank account. Although P2P supports more than 700 payment methods, including credit cards, debit cards and direct payments, it remains one of the most popular payment methods in the field of bank transfers.
More people choose P2P over other peer-to-peer crypto platforms, because of its low fees, selection of cryptocurrencies and easy payment methods. In addition, P2P supports 100 local currencies, so it is likely that your local bank and currency are supported. There are three different ways to buy P2P crypto with your bank account: Standard Bank Transfer or SWIFT and SEPA for international money transfers. Read on to learn about the differences between these three payment methods and which one you should choose.
Bank transfers are one of the most popular P2P payment methods, allowing users to send money quickly. In a traditional bank transfer, users link their accounts to P2P banks to send and receive money. It allows users to buy and sell cryptocurrencies such as Bitcoin, Ethereum, BNB, Dogecoin and more.
Since the peer to peer crypto platform connects buyers and sellers, and vice versa, through bank transfers, the money in your bank account will be transferred directly to the bank account. Follow these simple steps to buy crypto instantly with a bank transfer.
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Step 1: Click [Buy] on the top left, select the fiat currency you want to pay and select [BTC], or the cryptocurrency you want to buy.
Step 2: Select the [payment method] button in the middle. Filter ads by selecting “Bank Transfer” from the drop down menu. So, choose the P2P ads that suit your needs.
Step 3: Enter the amount you want to buy, click [Buy BTC] and click [Go to payment page].
Step 4: Select [Bank Transfer], copy and paste the required details from the mobile banking app and transfer the funds. These details may include bank account numbers, bank names, branch information, or more. When the seller receives your money, they release the crypto asset.
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If you are looking for a faster payment solution, SEPA and SWIFT are two of the most popular ways to receive and send money. Before continuing, make sure your bank supports SEPA and SWIFT transfers.
Step 1: Click [Buy] on the top left, select the fiat currency you want to use to pay, and select [BTC].
Step 2: Click the button in the middle Filter ads by “SEPA” or “SWIFT” and then choose P2P ad delivery according to your needs.
Step 4: Select [SEPA] or [SWIFT], copy and paste the details into the mobile banking app and transfer the money. The seller will release the crypto asset as soon as they receive your money.
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Not sure what the difference is between the different bank transfer options? Read a comparison of the most popular types of bank transfers: domestic transfers, bank transfers or international money transfer options such as SEPA and SWIFT. Find out which option suits your needs.
When you select “bank transfer (country)” as your payment method, you choose to make a local bank transfer. Domestic transfers, which include wire transfers where the sending and receiving institutions are located in the same country. Therefore, this term refers to the cable transmission chain that takes place entirely within the borders of a country. Domestic wire transfers are usually within 24 hours, but processing times may also depend on your country or local bank.
If you are transacting with the same banking partner, select the “Transfer with a specific bank” option to send money to another customer with the bank of your choice. With P2P you will find a list of major banks that you can use to send in local currency. However, if you do not see the name of the bank, this option allows you to add your bank account information.
SEPA, or SEPA (Single Euro Payment Area) bank transfer, is the most common cross-border money transfer option.