ACH Transfer

How to Buy Bitcoin (BTC) and Crypto With ACH

Buying Bitcoin and other cryptocurrencies with ACH is common, but comes with significant limitations. See options for buying BTC with ACH and see why most people choose to do wire transfers instead.

Buy crypto by wire now!Alternative payment options

Popular Platforms for ACH Crypto Purchases

While these platforms offer ACH purchases, they come with longer settlement times and higher fees compared to wire transfers.

Coinbase

Most popular US-based exchange with a user-friendly interface

Processing: 3-5 business days

Limits: For US customers, there's a $25,000 maximum deposit limit per day

Fees: 1.49% + $0.99-$2.99 fixed fee

Purchase Steps:
  1. Create and verify your Coinbase account
  2. Add your bank account under Payment Methods
  3. Select 'Buy/Sell' and choose Bitcoin
  4. Select ACH transfer as payment method
  5. Wait 3-5 business days for settlement
Settlement takes 3-5 days, during which time Bitcoin prices may change significantly. Consider wire transfer for same-day settlement.
Kraken

Advanced trading platform with institutional-grade security

Processing: Five minutes. But, withdrawals have a hold of 7 days

Limits: $1 - depends on various factors like residency, verification level, and asset type

Fees: ACH processing incurs a fee of 0.5%

Purchase Steps:
  1. Register and verify your Kucoin account
  2. Navigate to Transfer tab
  3. Add your bank account via Plaid
  4. Initiate ACH deposit
  5. Deposits are available instantly for trading. But, funds will be available to withdraw after seven days
ACH deposits through Plaid have an estimated processing time of up to five minutes. However, withdrawals have a hold of seven days.
Gemini

Prominent U.S.-based cryptocurrency exchange

Processing: 4-5 business days

Limits: Deposit limits can vary based on user verification levels and other factors

Fees: Fees on Gemini are based on your trading tier at the time of the order

Purchase Steps:
  1. Complete Binance.US account verification
  2. Go to Payment Methods
  3. Add your bank account
  4. Select Bitcoin and choose ACH payment
  5. Deposits are available instantly for trading. But, funds will be available to withdraw after seven days
ACH deposits are available for trading once cleared, they typically take 4-5 business days to clear and are subject to a withdrawal hold of up to seven days.

ACH vs Wire Transfer for Bitcoin & Crypto Purchases

Wire Transfer with ODT
  • Faster Settlement

    Funds usually available within the same business day.

  • Higher Limits

    Allows larger transactions, ideal for significant BTC purchases.

  • Better for Large Transactions

    Wire transfers are preferred by institutional and high-value investors due to their higher limits and speed.

  • More Reliable

    Can be tracked with minimal risk of error or delay.

  • Lightning Quick Access

    Funds are available right after transfer clearance.

Buy crypto by wire now!
ACH (Automated Clearing House)
  • Slower Settlement

    Funds usually available within the same business day.

  • Lower Limits

    Many banks impose lower limits on ACH transactions (often a few thousand dollars per day).

  • Less Suitable for Large Trades

    ACH is less suitable for large trades primarily because of lower transaction limits imposed by many banks.

  • Not Always Reliable

    Reliable but may face delays or rejections due to banking rules or insufficient funds.

  • Delayed Access

    Funds may be restricted until the ACH transfer fully clears, which can take several days depending on the bank's policies.

How to Buy Bitcoin with Wire Transfer

  • 1Register
    Take 45 seconds to fill out your information.
  • 2Verify Identity
    We ask for KYC (know your customer) information to verify your identity and ensure secure, compliant transactions.
  • 3Call with Account Manager
    A member of our team will call you to provide our white-glove concierge service.
  • 4Buy Bitcoin
    A crypto trade is filled within 15 minutes or less. Voila.
Have us call you
man

Frequently Asked
Questions

  • Why does ACH take so long to process?
    ACH transfers take 3-5 business days because banks process them in batches instead of instantly. This delay can be risky in crypto since prices change fast. Wire transfers settle the same day, so you can lock in your price right away.
  • Are ACH transfers really cheaper than wire transfers?
    ACH fees are lower, but the long wait can cost you if Bitcoin's price moves against you. Wire transfers cost more upfront but guarantee you get the price you want, which often saves money on big trades.
  • What happens if Bitcoin’s price changes while ACH is processing?
    When you buy with ACH, you get the price from when you placed the order, not when the money actually arrives. If Bitcoin goes up, you miss out on gains. If it drops, you're stuck paying more. Wire transfers settle the same day, so you always get the live price.
  • How much can you buy with ACH vs. wire transfers?
    ACH transfers usually have lower limits, often around $25,000 per day. Wire transfers allow much larger purchases, making them better for serious investors. ODT wires can handle institutional-size trades.
  • Can you cancel or reverse an ACH transfer?
    With ACH, you're typically locked into the price at initiation, not settlement. This means you could miss out on favorable price movements or be stuck with a less advantageous price. Wire transfers eliminate this risk with same-day settlement at current market rates.
  • Why do professional traders prefer wire transfers?
    Professional traders value wire transfers for their speed, reliability, and price certainty. The ability to execute trades immediately, combined with higher limits and better security, makes wire transfers the preferred choice for serious cryptocurrency investors.

First-time Investor?
Start with as little as $500

Begin your crypto investment journey with a trusted, BBB-accredited partner. Our A-rating and SOC 2 compliance ensure your cryptocurrency trades are in safe hands.

ODT, Inc. BBB Business ReviewGet Started Today
bitcoin image
Contact & Support

ODT, Inc. provides trading services for major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Solana (SOL), and USD Coin (USDC).

30 N Gould St. Ste 37749
Sheridan, WY 82801

ODT, Inc. is a wholly owned subsidiary of InvestiFi, Inc., a Delaware-registered Corporation.

Open in Google Maps
Get StartedRegister Now