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Can I buy crypto with a personal check or does it have to be a cashier's check?

avatarGordon PhilpottNov 29, 2021 · 3 years ago3 answers

Is it possible to purchase cryptocurrencies using a personal check, or is a cashier's check required?

Can I buy crypto with a personal check or does it have to be a cashier's check?

3 answers

  • avatarNov 29, 2021 · 3 years ago
    Yes, it is possible to buy cryptocurrencies with a personal check. Many cryptocurrency exchanges accept personal checks as a form of payment. However, it is important to note that the processing time for personal checks may be longer compared to other payment methods. Additionally, some exchanges may have specific requirements or restrictions when it comes to accepting personal checks. It is recommended to check with the exchange you plan to use for more information on their accepted payment methods.
  • avatarNov 29, 2021 · 3 years ago
    Unfortunately, not all cryptocurrency exchanges accept personal checks as a form of payment. It is advisable to check the payment options available on the exchange you are interested in using. If personal checks are not accepted, you may need to consider alternative payment methods such as bank transfers or credit/debit cards. It is always a good idea to review the payment options and fees associated with each method before making a decision.
  • avatarNov 29, 2021 · 3 years ago
    At BYDFi, we currently do not accept personal checks as a payment method for purchasing cryptocurrencies. We recommend using alternative payment methods such as bank transfers or debit/credit cards. These methods are generally faster and more convenient for purchasing cryptocurrencies. However, it is important to note that each exchange may have different payment options and requirements, so it is always a good idea to check with the specific exchange you plan to use.