Can I Use Zelle To Buy Bitcoin
Using Interac® Online can help you buy bitcoin quickly in Canada. The list below contains bitcoin exchanges and brokers that allow you to buy bitcoin with Interac e-Transfer.
We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.
Can I Use Zelle To Buy Bitcoin Exchange
bitbuy Buy Bitcoin
If you have a bank account at any major financial institution, link it to the Zelle application and you can buy Localbitcoins. When you’ve maxed out the limits on your crypto exchange, use the Zelle app on your phone to send Localbitcoins directly to your Bovada account. Make sure you have the Zelle app open before following the steps below: 1. Sell Bitcoin & Cash Out Using Zelle Pay Get paid via bank transfers, online wallets, gift cards, and over 350 other payment methods. Please wait while we find the best offers for you.
bitbuy is a Bitcoin exchange based in Canada. You can buy bitcoins, litecoin, ethereum and other coins with Interace e-Transfer or bank wire for as low as 0.1% fees. The exchange has good support available through its live chat, or via phone & email.
We may receive compensation when you use bitbuy. Please visit bitbuy for its exact pricing terms.
- Fast way to buy bitcoins
- Very high buy and sell limits
- Can handle large buys through OTC desk
- Easy to use mobile app
- No longer supports Flexepin
Netcoins Buy Bitcoin
Netcoins is a Canadian exchange based in Vancouver. You can buy and sell Bitcoin, Ethereum, Litecoin and other major cryptocoins with Interac e-Transfer, online bill payment or wire.
They charge 0% on funding and FIAT withdrawal fees and .5% on trading. Customers receive support during business hours through live chat, email or phone call. Getting started and verified takes a couple of minutes.
New users will receive a $10 CAD bonus once they complete $100 in cumulative transactions.
We may receive compensation when you use Netcoins. Please visit Netcoins for its exact pricing terms.
- Deep liquidity with no slippage
- Instant withdrawals
- Fully audited
- Fast verification
- Great customer support
- Regulated and compliant MSB under FINTRAC
- No mobile app yet
Satstreet Buy Bitcoin
Satstreet is a Canadian OTC (over the counter) exchange serves individuals and businesses looking to buy larger amounts from $25k to over $10M CAD.
Because you are buying Bitcoin in bulk, you will pay some of the lowest fees in Canada.
We may receive compensation when you use Satstreet. Please visit Satstreet for its exact pricing terms.
- Some of the lowest fees in Canada
- Private banking experience
- Great customer service
- Regulated and compliant MSB under FINTRAC
- Must buy at least CAD $25k of Bitcoin
CoinSmart Buy Bitcoin
CoinSmart is a Canadian exchange. It allows users to buy and sell Bitcoin and all major cryptocurrencies in Canada.
Customers can buy and sell bitcoin and ether using Interac e-Transfers, bank transfers, SWIFT, and credit/debit card. New users will receive $20 CAD in BTC once they deposit at least $100 CAD.
We may receive compensation when you use CoinSmart. Please visit CoinSmart for its exact pricing terms.
- Many payment methods accepted
- Many coins offered
- Fast verification
- Somewhat new company
Coinberry Buy Bitcoin Read Review
Coinberry is a Canadian exchange. It allows users to buy and sell Bitcoin, Ethereum, Litecoin and other coins in Canada.
Customers can buy and sell bitcoin and ether using Interac e-Transfers, bank transfers, SWIFT, and credit/debit card.
We may receive compensation when you use Coinberry. Please visit Coinberry for its exact pricing terms.
- Many payment methods accepted
- Many coins offered
- Fast verification
- Somewhat new company
Coinsquare Buy Bitcoin
Coinsquare is Canada's largest crypto and Bitcoin exchange. It allows users to buy and sell Bitcoin, Ethereum, Litecoin and other coins in Canada.
Customers can buy and sell bitcoin and ether using Interac e-Transfers, bank transfers and SWIFT.
We may receive compensation when you use Coinsquare. Please visit Coinsquare for its exact pricing terms.
- Many payment methods accepted
- Many coins offered
- Fast verification
- Orderbook may be confusing for new buyers
MyBTC.ca allows Canadians to buy between $50-$100,000 worth of bitcoin. ID for verification can be submitted online or done in-person at any Canada Post location nation-wide. Support available through live chat, SMS, phone or email.
MyBTC.ca payment options include the following:
- Interac e-Transfer
- Bank Wire
- Cash or Debit
- Flexepin Voucher
We may receive compensation when you use MyBTC.ca. Please visit MyBTC.ca for its exact pricing terms.
- Easy way to buy bitcoins in Canada
- Numerous payment methods accepted
- High fees
- Requires ID
FAQ
What is Interac e Transfer?
Interac e Transfer is an electronic payment platform that allows its users to send and recieve money via text or email, much like zelle or Venmo in the US.
How do I buy Bitcoin with Interac e Transfer?
Buying Bitcoin with Interac e Transfer is quite easy.
1. Find an exchange that will acccept Interac e transfer as a payment method. We have done that part for you on this page, so you'll just need to pick one.
2. Open an account on one of the exchanges supporting Interac e Transfer
3. Fund your account with an e transfer
4. Choose your Interac e Transfer method
5. Enter the amount
6. Send your e Transfer
7. Make a market order for Bitcoin
8. Select your funded account as the payment method for the Bitcoin
9. Complete the order
How does Interac e Transfer work?
Interac works very similarly to Venmo or paypal. Most bank accounts include it automatically, so it easily allows you to send money to friends, family and businesses via an email addres or phone number. All the reciever has to do it connect either of these to their checking account. There are now Bitcoin exchanges, such as Bitbuy and Coinberry, that will let you use e transfer to buy on their platform.
Is it safe to use Interac e Transfer to buy Bitcoin?
As long as the exchange you are sending money to is safe, then yes, it is perfectly safe to use Interac to buy Bitcoin.
Can I use Interac e Transfer on US exchanges?
Etoro is an exchange that services both Canada and the Unites States and accepts Interac e Transfer. However, only canadian residents will have access to e Transfer, so there is no effective way for US residents to use e Transfer as a payment method for buying Bitcoin.
At most legitimate offshore gambling sites, players are given a variety of options for funding their accounts. And while credit and debit transactions remain in popular use, Bitcoin (BTC) is now the gold standard.
If there’s a problem with Bitcoin, however, it’s in the initial acquisition of the stuff. As opposed to other banking methods, Bitcoin takes a bit of setup before you can actually use it, and that setup takes time.
Most mainstream BTC buy-ins – sites like Coinbase or major exchanges that accept USD for conversion to the cryptocurrency – require customers to wait up to 10 days before they can get their hands on their Bitcoin. For Internet gambling, such a wait is far from ideal, and that wait can push online gamers away from embracing this superior monetary medium.
But there’s finally a solution: Zelle.
What Is Zelle?
Zelle is an instant-pay platform developed and owned by a consortium of the largest US banks and financial institutions. In fact, the chances are good that you already have access to Zelle through your bank or online banking app.
Al Ko, CEO of the service, breaks down Zelle’s current adoption rate:
“More than 64% of U.S. demand deposit accounts…have access to Zelle through the 480 financial institutions contracted to join the Zelle Network. We continue to see double-digit increases in new customer [gains] each month, demonstrating continued demand for Zelle from national and regional banks and credit unions.”
At heart, Zelle is a competitor in the space previously dominated by PayPal and PayPal’s Venmo service. And though the latter has more mindshare in the marketplace, Zelle transactions account for far more volume. In the last quarter alone, US customers undertook 171 million Zelle transfers for over $44 billion.
The key difference between Zelle vs. Paypal/Venmo is that Zelle is a US-only product, good for transactions exclusively between US bank account holders. PayPal is a global brand, and many non-US casino sites offer PayPal support, which has been a point of significant annoyance for US-based gamblers.
Zelle fixes that.
There is one caveat, however: You can’t use Zelle to transfer funds to your favorite casino sites directly. Instead, Zelle is a quick, easy entry point to Bitcoin, which you then use to load up your gambling account.
How To Buy Bitcoin With Zelle
Several casino sites – like Bovada and Ignition Casino, among others – offer primers on their cashier pages for how to use Zelle to fund member accounts. That said, you aren’t limited to these operators if you want to go the Zelle-to-Bitcoin route.
No matter which offshore gambling site you prefer, they all support Bitcoin as a matter of course. In effect, then, all these venues are essentially Zelle casinos – you just have to do a little legwork at the outset. Namely, that legwork involves setting up a free account at a site called LocalBitcoins.
The process is outlined in detail at the previous link, but in a nutshell, here’s how you can use Zelle to fund your online gambling hobby:
- Sign up at a legitimate online casino that offers BTC deposit options. (All of the most reputable sites fall into this category, so you have several good providers at your disposal.)
- Make sure your bank already offers Zelle support. Alternatively, you can download the official Zelle app for iPhone or Android and link it to your Visa or Mastercard account, as these companies are Zelle partners.
- Sign up at LocalBitcoins.com.
- Use Zelle to purchase BTC from any private seller on LocalBitcoins. You will receive your BTC at the crypto wallet of your choice in just a few minutes.
- Bitcoin in hand, simply log on to your casino site, choose the BTC deposit method, and transfer your gambling funds to the site’s provided BTC address.
That’s the entire process, start to finish. Instead of having to wait a week or two to gamble with Bitcoin, Zelle lets players buy that BTC – and transfer it to their chosen gaming sites – in under an hour.
And that means you never have to miss out on a good hand of poker, a progressive slots payout, a sure-thing pony in this afternoon’s race, or an attractive betting line on tonight’s ballgame.
What Is LocalBitcoins?
Can I Use Zelle To Buy Bitcoin Rate
LocalBitcoins.com is the gateway that makes Zelle work for offshore gamblers. The site is a major global BTC marketplace serving more than 240 countries around the world, and it was founded in Finland in 2012. Because LocalBitcoins links private BTC buyers with private BTC sellers, you can bypass the typical red-tape rigmarole associated with purchasing cryptocurrency through FDIC-insured frontends.
Despite a lack of government licensing and regulation, however, LocalBitcoins is inherently safe to use. This is because the site employs an encrypted escrow system.
In other words, when you use Zelle to buy Bitcoin at LocalBitcoins, the site takes immediate custody of the seller’s BTC as your payment is processed. Once your Zelle payment clears, LocalBitcoins releases the agreed-upon quantity of Bitcoin into your possession, eliminating any opportunity for bait-and-switch scams on the network.
LocalBitcoins is a proven, trusted platform that has processed billions of dollars in BTC over the years, and you can feel safe using the site any time you want to purchase Bitcoin.
Can Anyone Use Zelle
Bitcoin Is Even Better With Zelle
Bitcoin is the preferred way to deposit into your betting account for a number of reasons. You can get better welcome bonuses and deposit perks, for one thing. For another, your deposit will never be declined by the likes of the UIGEA, which guarantees success for every banking transaction.
Can I Use Zelle To Buy Bitcoin Wallet
The biggest benefit of going the Bitcoin route, of course, is that BTC is the only way to get same-day payouts at offshore betting and gambling sites. However, to get these same-day payouts via BTC, you have to deposit with BTC to begin with.
There’s also another thing to consider about legitimate Bitcoin casinos, and that’s that no domestic online casino site or brick-and-mortar gambling venue in the US currently supports BTC. If you want to enjoy the anonymity and security of using decentralized currency to keep your gambling activities private, Bitcoin is the answer, and it’s only supported by offshore gaming sites.
How To Buy Bitcoin With Zelle
To maximize the convenience of online and mobile casino gaming, Bitcoin is the way to go.
How Can I Use Zelle
And since Zelle makes Bitcoin more accessible for gamblers than ever, this new funding model is just one more way that the offshore providers continue to one-up domestic operators.
If you’ve been waiting for a quick, convenient way to buy into Bitcoin for your gambling needs, Zelle is the answer.