How to Buy Bitcoin with Your Bank Account on P2P | Make $5,800 Daily

How to Buy Bitcoin with Your Bank Account on P2P | Make $5,800 Daily

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If you’re looking for a quick and convenient way to buy Bitcoin and other cryptocurrencies, try linking your bank account. Though Binance P2P supports more than 700 payment methods, including debit card, credit card and in-person cash payments, bank transfer remains one of the most popular payment methods on the platform.

More people choose Binance P2P than any other crypto peer-to-peer platform, thanks to its low fees, wide selection of cryptocurrencies, and flexible payment methods. In addition, Binance P2P supports more than 100 local currencies, so chances are, your local bank and preferred currency are supported. There are three different ways you can buy crypto on Binance P2P using your bank account: conventional Bank Transfer or SWIFT and SEPA for international money transfers. Read on to understand how these three payment methods differ and learn which one you should choose. 

How Do I Buy Crypto with Bank Transfer?

Bank transfers are one of the most popular payment methods on Binance P2P, allowing users to quickly send money to one another. With conventional bank transfers, users link their bank account to Binance P2P in order to send and receive money. This allows users to buy and sell cryptocurrencies like Bitcoin, Ethereum, BNB, Dogecoin and more. 

Because peer to peer crypto platforms connect buyers and sellers, and vice-versa, by using bank transfer, funds in your bank account will be transferred directly to the counterparty’s bank account. Follow these simple steps to buy crypto instantly using bank transfer.

Step 1: Tap [Buy] on the top left, select the fiat currency you want to pay with and then select [BTC], or the cryptocurrency you’d like to buy.

Step 2: Select the [Payment method] button in the middle. Filter the ads by selecting “Bank Transfer” in the drop-down menu. Afterwards, choose the P2P ad that suits your needs.

Step 3: Enter the amount you want to purchase, tap [Buy BTC] and then press [To Payment Page]

Step 4: Select [Bank Transfer], copy and paste the required details from your mobile banking app and then transfer the funds. These details may include a bank account number, bank name, branch information, or more. Once the seller receives your funds, they’ll then release the crypto assets. 

 

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