Bank transfers are a traditional and secure method for buying Bitcoin. This blog highlights the benefits of using bank transfers for BTC transactions and provides a clear guide to help you get started.
Bitcoin is a decentralized digital currency that runs on a peer-to-peer network, allowing users to make and receive payments directly without the need for an intermediary like a bank. Conceived by an anonymous person or group under the pseudonym Satoshi Nakamoto, Bitcoin was launched in 2009 with a limited supply of 21 million coins, making it a scarce asset. This scarcity, coupled with its decentralized design, has led many to view Bitcoin as “digital gold”—a safe-haven asset and a store of value that can potentially protect against inflation. As Bitcoin continues to grow in popularity, it has sparked discussions around the future of currency, digital finance, and economic independence.
Bitcoin enables digital transactions, allowing individuals and organizations to transfer value globally without relying on traditional financial institutions. Through a technology called blockchain, Bitcoin records every transaction on a decentralized ledger that is transparent, secure, and nearly impossible to alter. This ledger operates on thousands of nodes worldwide, making it resistant to censorship or control by a single entity. Bitcoin’s fixed supply cap of 21 million coins, along with its decentralized structure, has driven its reputation as a hedge against inflation and economic uncertainty, making it a favored option for those seeking financial autonomy.
Bitcoin's utility has expanded significantly in recent years, with more businesses and retailers now accepting it as a form of payment. Today, you can use Bitcoin to make purchases with a range of companies, from online retailers to local businesses, and for services like travel bookings and even real estate in some markets. Beyond everyday transactions, Bitcoin is commonly used as a store of value or investment asset. Many investors hold Bitcoin long-term, anticipating future gains or using it as a hedge against economic volatility. Its versatility and increasing acceptance as “real money” continue to drive its adoption.
The best time to buy Bitcoin depends on individual goals and comfort with market risk. Some people choose to buy small amounts over time, while others look for price dips as potential entry points. Because Bitcoin’s price can be influenced by many factors—like economic news and market trends—doing your own research and keeping an eye on market changes is key. Consider your own financial plans and explore how Bitcoin might fit into your overall investment strategy.
Bank transfers are often the safest way to purchase Bitcoin due to the direct nature of the transaction. They typically involve lower fees compared to credit or debit cards, making them a cost-effective choice for larger purchases.
If BTC isn’t what you're after, or if you're looking to explore other options, Kado has a wide selection for you. With support for over 40 assets across 40 chains, including popular tokens like ETH, USDC, SOL, XRP, and more, you have the flexibility to choose what suits you best. Just pick your asset and follow the same easy process.
If you prefer not to use a bank transfer, there are several other payment options available for purchasing Bitcoin. You can explore alternatives such as debit cards, credit cards, Apple Pay, Google Pay, SEPA and PIX. Each method offers its own set of advantages depending on your location and preferences.
Get started today and make your first BTC purchase using a bank transfer!
Why use a bank transfer instead of a card?
Bank transfers typically have lower fees and higher transaction limits compared to card payments. They can also be a more secure option for larger transactions, reducing the risk of chargebacks that can occur with credit and debit card payments.
Why use Apple Pay instead of a card or bank transfer?
Using Apple Pay can save you time at checkout because it utilizes convenient features like Touch ID or Face ID for quick authentication. This means you can complete your crypto purchase in seconds without needing to enter card details manually.
