How to Buy Crypto with ACH Transfer

As outlined above, the best way to buy cryptocurrencies with an ACH transfer is through a regulated broker in the USA. After analyzing the best exchanges in the USA, we found that eToro was the best platform for ACH deposits to buy and sell cryptocurrencies. They offer free & instant USD deposits to trade over 70 crypto assets on their FINRA-licensed brokerage.

This section explains the 4 detailed steps you need to take to get started:

  1. Sign up with eToro and verify your account.
  2. Select the 'Deposit Funds' button and choose 'Bank Transfer' as your deposit method.
  3. You will then be given unique deposit details for an ACH Transfer. Sign into your bank account and transfer USD to the details provided.
  4. Once the funds have landed on your account, you can then buy any of the available crypto assets on the platform.
eToro Platform

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What are the Fees?

At eToro, ACH deposits are 100% free and instant. There are no hidden fees or commissions when buying crypto with an ACH transfer through the platform. Additionally, their spreads and fees are lower than many of the other exchanges in the USA that accept ACH transfers.

For example, Coinbase users can pay up to 1.49% in fees and another 1% in spreads to make a trade on their platform. eToro on the other hand charges zero fees and a 1% spread, making them a significantly cheaper alternative to start investing.

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Will the bank block my Crypto purchase with ACH?

No, banks will not block your ACH deposit for crypto if you are depositing into a regulated broker in the USA. Regulated brokers are required to comply with strict anti-money laundering (AML) and know-your-customer (KYC) regulations, which help prevent illegal activities such as money laundering and terrorist financing. As long as you are using a regulated broker, your ACH deposit for crypto should be processed without any issues.

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What is an ACH Transfer?

An ACH transfer is an electronic transaction that allows money to be transferred between bank accounts in the United States. It stands for Automated Clearing House and is a secure, reliable, and cost-effective way to move funds. ACH transfers can be used for a variety of transactions, including payroll deposits, bill payments, and online purchases. They typically take a few business days to process and are subject to certain rules and regulations.

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Bottom Line

In summary, buying cryptocurrency with an ACH transfer in the US is a simple and fast process when using a regulated broker like eToro. ACH transfers are a reliable and cost-effective way to move funds between bank accounts in the US.

There are no hidden fees or commissions when buying crypto with an ACH transfer through eToro, and their spreads and fees are lower than many other popular exchanges. As long as you use a regulated broker, your ACH deposit for crypto should be processed without any issues.