Buy Bitcoin with a Bank Account: A Speed Wallet Guide

What does it mean to buy Bitcoin with a bank account?

Buying Bitcoin with a bank account means using funds from your bank to the wallet and purchasing the digital asset (Bitcoin). Users transfer funds through a supported banking network.

With Speed Wallet, bank direct deposit allows eligible users to transfer money from their bank account directly into their wallet account. Once funds are available, the funds can be used to buy Bitcoin, Stablecoins, or Tether gold (XAUT).

This gives users an alternative to fund their wallet through bank payment methods while accessing Speed Wallet's multi-asset experience.

Why buy Bitcoin with bank direct deposit on Speed Wallet?

Speed Wallet's bank direct deposit feature is created to simplify the process of moving funds from your bank account into your wallet

Low fees

Speed Wallet has low processing fees for bank transfers. The fees applicable to your transaction depend on the payment method and terms displayed during the process.

Secure bank verification

Speed Wallet describes encrypted bank connections and identity verification as part of its procedure for purchase.

Access to multiple assets

Once your funds are available, you can start buying other digital assets, including Bitcoin, USDT, USDC, and XAUT, subject to regional availability.

Exclusive bonuses

Get exclusive bonuses on your first bank deposit credited automatically to your account.

How to buy Bitcoin with a bank account using Speed Wallet

Speed Wallet's bank direct deposit procedure follows 4 main steps. Here's how to get started.

Step 1: Access your Speed Wallet account

From the home screen, go to the Add Cash section. This is where you can access all the available funding methods.

Step 2: Choose bank direct deposit

Select Bank Direct Deposit from the available payment methods. This alternative allows you to start the bank funding procedure through the supported banks.

Step 3: Complete verification

Verify your identity and banking details as required by the conditions of Speed Wallet. It uses identity verification and encrypted connections as part of its security process.

Step 4: Add funds and buy Bitcoin

Transfer funds directly from your bank account into Speed Wallet. Once the funds are available, you can start buying Bitcoin or other digital assets.

View the steps here.

Which bank transfer networks does Speed Wallet support?

Speed Wallet supports several banking networks across different regions. The payment options available to you depend on your location and the supported banking infrastructure.

These networks are different providers in different countries to transfer funds from bank accounts into Speed Wallet.

Availability, transfer requirements, and processing times may vary. Check the Term & Conditions here.

How much does it cost to buy Bitcoin with a bank account?

The total cost of buying Bitcoin through a bank deposit depends on the payment method, applicable transfer fees, and their terms. Speed Wallet has low fees for bank deposits and real market pricing for supported assets, including Bitcoin, Stablecoins, and XAUT. 

Before confirming a transaction, review the amount being transferred, the Bitcoin purchase details, and the fees displayed through the applicable flow. Bitcoin's market price can change, so the amount of BTC received depends on the quote and transaction terms at the time of purchase.

Is a bank direct deposit safe on Speed Wallet?

Speed Wallet’s bank deposit process uses encrypted bank connections, identity verification, and trusted banking networks to make it a safe transaction.

You can also take practical steps to protect your account:

• Use the official Speed Wallet website or application.

• Verify payment information before transferring funds.

• Never share passwords, banking credentials, or one-time passwords.

• Review deposit and purchase confirmations.

• Contact official support if a transfer does not appear within the expected processing period.

Security features help protect the payment process, but users should still verify transaction details and follow safe account practices.

Speed Wallet bank deposit bonuses

Limited-time bonus offers for eligible users.  The offers include:

The minimum deposit amount must be completed in a single transaction to qualify. It also notes that the offer is available to Speed Wallet users and may be modified or withdrawn.

Review the applicable terms and current eligibility before relying on a bonus offer. See T&C here

Why use Speed Wallet to buy Bitcoin with a bank account?

Speed Wallet brings bank funding and access to digital assets into one wallet experience. With bank direct deposit, eligible users can:

• Transfer funds from their bank account.

• Access supported banking networks.

• Complete identity and banking verification.

• Fund their wallet for supported asset purchases.

• Explore Bitcoin, Stablecoins, and XAUT through the wallet.

Start funding your Speed Wallet with Bank direct deposit today.