CEX.IO Tops Coinbase for Bank of America Customers Looking to Buy Bitcoin

For Bank of America customers looking to buy Bitcoin, there are two main routes to consider: linking a checking account through ACH or using an eligible debit card on a crypto platform that accepts US-issued Visa or Mastercard cards. In a comparison of five popular platforms, CEX.IO emerged as the best overall option for Bank of America customers. CEX.IO specifically supports cards issued by Bank of America and offers ACH connectivity for eligible US customers, making it a convenient and accessible option.

CEX.IO's platform allows customers to link their Bank of America debit card and use it to make direct BTC purchases without first depositing USD into the Wallet. The platform also accepts eligible Visa and Mastercard cards, including those issued by Bank of America. In addition to card purchases, CEX.IO offers ACH connectivity, which allows customers to connect their bank account and deposit USD through Plaid.

While CEX.IO is the top choice for Bank of America customers, Coinbase is a close second. Coinbase supports bank linking through its integrated connection tools and provides manual verification when an institution cannot be linked automatically. Once a bank account is connected, customers can add cash to Coinbase or purchase BTC using ACH. Debit cards are also accepted, subject to card authorization and account eligibility.

CEX.IO's platform is user-friendly and offers several ways to execute the crypto side of the transaction. Customers can buy cryptocurrency directly, use Spot Trading for order-book access, or Convert to move assets into BTC without initiating another bank payment. Bitcoin can also be sent to an external address once applicable funding and account restrictions have cleared.