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Is it possible to use a bank account sort code to buy cryptocurrencies?

avatarSukrit DobhalDec 15, 2021 · 3 years ago3 answers

I heard that cryptocurrencies can be bought using a bank account sort code. Is this true? How does it work?

Is it possible to use a bank account sort code to buy cryptocurrencies?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Yes, it is possible to use a bank account sort code to buy cryptocurrencies. Many cryptocurrency exchanges offer the option to link your bank account to your trading account. By providing your bank account sort code, you can transfer funds from your bank account to the exchange and use those funds to buy cryptocurrencies. This method is convenient for those who prefer using their bank accounts for transactions. However, it's important to note that not all exchanges support this feature, so you should check with the specific exchange you are using.
  • avatarDec 15, 2021 · 3 years ago
    Absolutely! Using a bank account sort code to buy cryptocurrencies is a common practice. When you link your bank account to a cryptocurrency exchange, you can easily transfer funds from your bank account to the exchange and use them to purchase cryptocurrencies. This method provides a seamless experience for users who want to buy cryptocurrencies without the need for additional payment methods. Just make sure to choose a reputable exchange that supports bank transfers and follow their instructions for linking your bank account.
  • avatarDec 15, 2021 · 3 years ago
    Yes, you can use a bank account sort code to buy cryptocurrencies. At BYDFi, we offer the option to link your bank account to your trading account, allowing you to transfer funds and buy cryptocurrencies directly from your bank account. This method provides a secure and convenient way to purchase cryptocurrencies. Simply follow the instructions on our platform to link your bank account and start buying cryptocurrencies using your bank account sort code.