Lesson 4 of 4
In Progress

Where to Buy Bitcoin WITH a Bank Account

Crypto Exchanges

Choosing a cryptocurrency exchange may be one of the most important initial tasks of getting started with crypto. Anyone with a personal bank account should consider choosing an exchange for buying and trading crypto.

Exchanges offer a great deal of flexibility. They have many cryptocoins to choose, competitive prices, and advanced trading options like stop loss or good til cancelled orders. It’s common for certain cryptocoins to be offered on a few exchanges but not all of them. Therefore, choosing an exchange may come down to which exchange offers the coin you want.

One of the main benefits of using a centralized exchange that I find very useful is that you can buy bitcoin using fiat money from your local bank account and then use that bitcoin to buy other cryptocoins (sometimes called altcoins). So, if you plan to buy one of the top cryptocoins like bitcoin you can find it on almost all exchanges.

Tip: If you don’t have a bank account, you may still want to create an exchange account and use the wallet as well as make trades. Perhaps you buy crypto from a P2P exchange and want to trade it for an altcoin that you can only get on an exchange.


  1. I love this, I will also love to choose an exchange like Coinbase, because my reasons for holding crypto are similar to yours but unfortunately Coinbase are not operating fully in my country(Nigeria), I personally go with quidax since they operate similar to Coinbase. This course is very interesting ma, I will love to have more of it.