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Knowledgebase: How-to Guides
How to buy bitcoins: comparison of payment methods
Posted by Antonio V on 24 July 2015 09:51 AM

How to buy bitcoins? Where to buy bitcoins? What is the easiest way to buy bitcoin? Searching for an answer to these questions can become a headache, but our guide will help you to find an easy answer, wherever you are located and whatever payment method you prefer! Let’s start from defining, what way of making payment will suit you better: credit or debit card, bank transfers or cash payments? Choose any option and read our guide – if you are confused, just read the whole article first!

How to buy bitcoins with credit card?

Big percent of 247exchange users answer «how do you buy bitcoins?» question as: «instantly, online with my credit card!». This way of buying bitcoin is definitely the fastest and the easiest – all you’ll need to have is a card (Visa, Visa Electron, MasterCard, Maestro all are good) that allows online payments – credit or debit card, prepaid one, we accept almost all kinds of cards! Although purchasing bitcoin with credit or debit card has some limits for new users, and the overall rate might be not so affordable as when you are paying from the bank account (please read below for details), this is the most instant and easy method!

If you are buying bitcoins for the first time, used to pay with your card online and don’t want to learn how the other payment methods work – refer to our detailed guide on buying bitcoin with credit/debit card, or check the movie:

How can I buy bitcoin from my bank account?

Depending on your location and currency that you prefer to convert into bitcoin (USD, EUR, GBP, etc.) there are various ways to buy bitcoin with bank transfers:

  • International SWIFT transfers. This method is available for anyone having bank account with possibility to wire the funds abroad and is the most economic (but the slowest as well) way to buy bigger amounts of bitcoins! USD, EUR, GBP, AUD, ZAR and other currencies are available for making the purchase. USD, EUR, GBP, AUD, ZAR and other currencies are available for making the purchase. Even if your currency is not supported, you can order your bank to convert and send the payment in USD, EUR etc. 
  • SEPA. Although this way works only for European Union, this is the cheapest way to buy bitcoin in Europe! So, if your bank supports SEPA transfers, and you don’t mind to wait 1 business day for the transfer to arrive our bank account – buying bitcoin using SEPA is easy, affordable and quite fast way to get cryptocurrency.

    Please check our detailed guide «buying bitcoin using bank account» for details.

  • Local bank transfers. Depending on your location and bank you use, there may be an option to buy bitcoins/altcoins instantly using internal bank transfer (or the transfer to other local bank) in your local currency. We are working hard to increase the number of banks available for direct transfers, please refer to the list of banks and countries we currently support. If your country/bank is supported, this payment method is very fast (usually instant) and affordable way to purchase cryptocurrencies! Keep an eye on our updates, the service will be available in 80+ countries very soon!

How do I buy bitcoins with cash?

Buying bitcoins, litecoins, peercoins, etc. with cash is available in 110+ countries! Two ways of purchasing cryptocurrencies are currently supported by our service:

  • Instant money transfers. If you wish to purchase bitcoin for cash, we have excellent news for you: thanks to cooperation between InterMoney Exchange (247exchange operator) and MoneyPolo transfer network, you can buy bitcoin with cash instantly at 400,000 locations worldwide! Among MoneyPolo agents are such money transfer operators as Contact, Anelik, Unistream, MoneyExchange and a lot of others, please refer to the MoneyPolo network description for details. Our Agent Locator will help you to find the nearest point of service, just open the «BUY» page!

  • Cash deposits at bank branches. In some countries we provide another option, possibility to deposit cash at the bank counter, using your local currency. This payment is usually instant and inexpensive way to purchase bitcoins locally (the fee varies in different countries/banks), details can be found at our Knowledge Base. We are constantly increasing the list of countries and banks we support, follow our news!

Just visit our «BUY» page, choose your country and you’ll see what payment methods are supported there and what are the fees. If you have any questions, our 24/7 customer support team will be glad to help to find the best way of buying bitcoins for you; detailed text and video guides (like how to buy bitcoins in UK etc.) are available as well. Don’t waste the time, make an order now!

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