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How To Buy Crypto with Banxa (Step-by-Step)

Publisher

February 13, 2024
How To Buy Cryptos with Banxa

Best Crypto Exchanges with Banxa

Banxa offers a user-friendly and convenient way to deposit and withdraw funds from crypto exchanges. The platform supports various fiat currencies, including USD, EUR, and GBP, for crypto purchases.

Users can also access various payment methods, including credit/debit cards, bank transfers, Apple Pay, and more. That makes Banxa a versatile choice for traders purchasing Bitcoin and other cryptos seamlessly.

 

Buy Crypto With Banxa Step-by-Step

Banxa is currently integrated into many popular crypto exchanges to facilitate crypto purchases. However, in this article, we’ll show you the best two crypto exchanges for buying cryptos with Banxa and step-by-step guidelines to help you complete your purchase.

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  1. OKX – Best Exchange with Banxa
  2. BYDFi – Best Exchange for U.S. users with Banxa

 

1. OKX

We recommend OKX as the best crypto exchange to buy Bitcoin and other cryptos with Banxa. The platform is trusted by over 50 million users worldwide and offers many attractive trading features.

OKX supports over 350 cryptos for active trading, including BTC, ETH, USDT, and many more. Users can access trading fees on the spot market as low as 0.08% for makers and 0.1% for takers. For futures trading, payments are fixed at 0.02% for makers and 0.05% for takers. That makes OKX an attractive platform for active traders seeking low trading fees.

Another thing about OKX is its wide range of passive income products to help traders earn extra income while trading on the platform. OKX offers bot trading, copy trading, crypto staking, and many more opportunities for beginners and experienced traders.

Additionally, OKX has integrated Banxa as a supported third-party payment provider, providing a secure and reliable way for users to buy cryptos using various payment methods via the same platform.

You can follow the comprehensive step-by-step guidelines below to buy Bitcoin and other cryptos with Banxa on OKX.

 

Buy Cryptos on OKX!

 

Step 1: Sign up and verify on OKX

The first step to buying cryptos on OKX is to create an account and verify your identity, as OKX requires complete KYC verification to enable users to purchase cryptos on the platform. You can create an account using your email address or phone number. Then, log in and verify your identity by uploading a valid ID and taking a live capture for facial recognition.

 

Step 2: Go to “Buy Crypto”

On the homepage’s top left corner, click “Buy Crypto” and select “Third-party payment”.

 

Step 3: Enter your Order Details

In the next window, select your desired crypto, choose your preferred fiat currency, and enter the purchase amount. OKX supports various fiat currencies, including USD, GBP, and EUR, for buying cryptos with Banxa. In this case, we’ll be buying BTC for 200 USD.

 

Step 4: Select Banxa as your Payment method

Scroll down through the list of third-party payment providers and select Banxa. Under the Banxa section, you can also choose the preferred method you want to use via Banxa. You can choose Visa/Mastercard, GooglePay, Applepay, and many more. Select the most convenient option for you and click “Buy.”

 

Next, you’ll be taken to Banxa’s website to complete your purchase. Follow the prompts to pay with your desired payment method, and your cryptos will be credited to your OKX account once your payment is complete. However, note that Banxa requires KYC verification for you to complete your purchase via their gateway.

 

Buy Cryptos on OKX!

 

2. BYDFi

BYDFi, formerly known as Bityard, is one of the most reputable crypto exchanges in the world. The platform has had over 500,000 users worldwide since its launch in 2019. BYDFi is the best exchange with Banxa for U.S. users as it complies with U.S. regulations and is accessible to U.S. users.

With access to over 400 cryptos and over 400 trading pairs, BYDFi stands out as one of the best choices for traders and investors seeking to diversify their portfolios. Users have access to trading fees as low as 0.1% for both makers and takers on the spot market, while for futures trading, the charges are 0.02% for makers and 0.06% for takers.

BYDFi also supports Banxa as a valid payment method for instantly buying Bitcoin and other cryptos. At low fees, you can pay with various fiat currencies, including USD, GBP, and EUR.

Follow our guidelines below to buy cryptos securely with Banxa on BYDFi.

  1. Create an account on BYDFi using your email address or phone number and verify your identity by uploading a valid ID.
  2. At the Homepage’s top left corner, click “Buy Crypto.”
  3. On the “Buy Crypto” page, choose your desired crypto and preferred fiat currency. Then, enter your purchase amount.
  4. Scroll through the list of third-party payment providers and select Banxa. Click on “Buy Now” to proceed to pay with Banxa.
  5. On Banxa’s website, select the preferred method you want to pay with. You can pay with various options, including Visa/Mastercard, GooglePay, SEPA, etc. If you’re a new user, you must verify your identity before paying.
  6. Follow the prompts to complete your payment. Once your transaction is complete, your cryptos will be added to your BYDFi account.

 

Buy Cryptos on BYDFi!

 

About Banxa

Banxa is a reputable payment gateway that acts as an intermediary between traditional financial institutions and cryptocurrency exchanges, enabling users to purchase cryptocurrencies using various payment methods. The platform supports multiple payment methods, including bank transfers, credit cards, and other localized payment options based on its operating regions.

That makes it easier for users to buy cryptocurrencies using their preferred payment method. Additionally, Banxa operates globally, serving users in different countries and regions. That allows cryptocurrency exchanges to offer a standardized fiat-to-crypto onramp for users worldwide.

 

Bottom Line

Buying cryptos through the Banxa payment gateway is very flexible, allowing users to pay for cryptos with various options at low fees. We’ve provided the two best crypto exchanges to buy cryptos with Banxa and step-by-step guidelines to help you. However, OKX is recommended as the best crypto exchange for buying Bitcoin and other cryptos with Banxa.

 

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