How to buy Bitcoin (BTC) with a bank account?
To buy Bitcoin (BTC) with a bank account, download the Zengo app and set up your secure wallet. Then, connect your bank account using SEPA or SWIFT. Choose Bitcoin (BTC), enter the amount you’d like to purchase, review the details, and complete your transaction.
How long does it take to buy Bitcoin (BTC) on Zengo with a bank account?
Buying Bitcoin (BTC) on Zengo is quick. Your BTC will be in your wallet within minutes after your payment is confirmed.
Can I buy Bitcoin (BTC) with a bank account without verification?
Buying Bitcoin (BTC) anonymously on Zengo is not an option. Zengo works with regulated platforms that adhere to anti-money laundering (AML) and know-your-customer (KYC) regulations. Before purchasing Bitcoin (BTC) or any other cryptocurrency, Zengo’s purchasing partners mandate identity verification and the provision of some personal information.
Can I buy Bitcoin (BTC) with a bank account under 18?
Zengo works with purchasing partners who are regulated and compliant and follow the AML and KYC rules. You must be at least 18 years old and provide a valid ID to verify your identity and age before you can buy Bitcoin (BTC) or any other crypto assets.
What are the fees involved in buying Bitcoin (BTC) with a bank account?
Zengo is a self-custodial wallet for cryptocurrency that is free to use. However, you will have to pay a fee when you buy, sell, or trade cryptocurrency. These fees include:
- Network fees (not paid to Zengo)
- Exchange fees
- Service fees (paid only to the providers.
Zengo does not apply any hidden fees or markups on the exchange rate. The fee amount may vary depending on the payment method, currency, and operator. Before you confirm your payment, Zengo provides you with a clear breakdown of all applicable fees.
Note:Zengo Prousers benefit from reduced service fees.
Please note: Zengo fees may vary by country. For specifics, visit the Zengo Fees webpage
Is Bitcoin (BTC) safe?
While considered one of the safer options within the crypto world, Bitcoin (BTC) still carries inherent risks like any investment. Its price volatility, potential for hacking, and lack of traditional financial safeguards mean it might not be the right choice for everyone. It’s essential to consider your risk tolerance, understand these risks thoroughly, and adopt safe practices like using trusted exchanges and secure hardware wallets.
Is It safe to buy Bitcoin (BTC) on Zengo with a bank account?
Yes, it is safe to buy Bitcoin (BTC) on Zengo. Here’s how Zengo safeguards your assets:
- Zengo uses advanced facial recognition technology for convenient and secure login.
- Zengo utilizes advanced security measures, including threshold signatures, MPC security, and three-factor authentication (3FA) to ensure the safety of your Bitcoin (BTC) holdings.
- Web3 Firewall actively blocks online threats and alerts you to any suspicious activity.
Can I buy Bitcoin (BTC) with a bank account in my country?
Zengo supports Bitcoin (BTC) purchases in over 188 countries worldwide. However, there are a few countries where the app or certain features may not be available due to local regulations. Here is a list of supported countries for Zengo.
What other payment methods can I use to buy Bitcoin (BTC)?
To buy cryptoassets on Zengo, you may use the following payment methods:
- Apple Pay
- Google Pay
- Credit/Debit Card
How to sell/swap Bitcoin (BTC)?
You can also sell, swap, or stake Bitcoin (BTC) on Zengo.
To sell Bitcoin (BTC), you can choose the sell option on the app and enter the amount of Bitcoin (BTC) you want to sell. You will see the exchange rate and the fees before you confirm the transaction. You will receive the fiat money in your bank account or your preferred payment method.
To swap Bitcoin (BTC), you can choose the swap option on the app and select the crypto asset you want to swap with Bitcoin (BTC) or any other asset. You will see the exchange rate and the fees before you confirm the transaction. You will receive the swapped crypto asset in your Zengo wallet.
