Categories
How do I buy bitcoin through Direct Debit? (U.S. only)
This article is designed for U.S. users who are making a purchase transaction of $10,000 USD or less. If you would like to make a purchase for greater than $10,000 USD, please visit this article:

You can buy bitcoin through a direct debit from your bank account, through an ACH bank transfer. All direct debits are processed by SynapseFi, who requires verifying your identity and linking your bank account. This is a requirement to identify incoming payments, so please ensure that all of your banking information is correct to avoid any delays, or even cancellations resulting in non-refundable processing fees.

Please also note that ACH transfers are only available from select banks. To check if your bank is eligible, you can check the list of all supported banks.


You can buy bitcoin through direct debit using the Xapo app (Android or iPhone) or a web browser.

Select an option to continue:

Android
iPhone
Web Browser

How to buy bitcoin through direct debit using the Xapo app (Android)

Open the Xapo app and log in to your account.

  • Select the Wallet tab.
  • Tap Buy Bitcoins at the top of your screen.
Select a method to add money.
  • Select Bank Transfer.
  • On the next screen, select Direct Debit.
Enter the amount of bitcoin you wish to buy.
  • You can enter the amount you would like to purchase in USD or in BTC (tap the currency to toggle your preference).
  • The exchange rate will be displayed below the purchase amount.
  • You must select an amount within the minimum and maximum transaction limit.
  • To confirm the transaction tap
Review and confirm the transaction.
  • Tap Confirm to finalize your transaction or Cancel to go back.

Your order is not complete yet! Please make sure to follow the payment instructions in order to finalize your transaction.


How to buy bitcoin through direct debit using the Xapo app (iPhone)

Open the Xapo app and log in to your account.

  • Select the Wallet tab.
  • Tap Add Money at the top of your screen.

Select a method to add money.

  • Select Bank Transfer.
  • On the next screen, select Direct Debit.

Enter the amount of bitcoin you wish to buy..

  • You can enter the amount you would like to purchase in USD or in BTC (tap the currency to toggle your preference).
  • The exchange rate will be displayed below the purchase amount.
  • You must select an amount within the minimum and maximum transaction limit.
  • To confirm the transaction tap

Review and confirm the transaction.

  • Tap Confirm to finalize your transaction or Cancel to go back.

Your order is not complete yet! Please make sure to follow the payment instructions in order to finalize your transaction.


How to buy bitcoin through direct debit using a web browser.
Log in to your Xapo account.
  • Click Buy at the top of your screen.
IMAGE 1
Select Direct Debit as your payment option.

As a reminder, this option is only available for an amount less than USD $10,000.

IMAGE 2
Enter the amount of bitcoin you wish to buy.
  • You can enter the amount you would like to purchase in USD or in BTC (click the currency to toggle your preference).
  • The exchange rate will be displayed below the purchase amount, as well as a conversion of the USD/BTC to buy.
  • You must select an amount within USD $10 and $9999.99.
  • Once you have confirmed the purchase amount and transaction fee, click Go to Checkout to finalize your transaction.
  • You will have exactly 5 minutes to complete this transaction at the locked price, after which the transaction will expire and automatically be canceled.

    We recommend you have all of your banking information ready and accessible, as well as a strong internet connection before you proceed.
IMAGE 3

Yur order is not complete yet! Please make sure to follow the payment instructions in order to finalize your transaction


COMPLETE YOUR ORDER

If this is the first time you're purchasing bitcoin through a direct debit, select Add a Bank Account to be directed to SynapseFi, our trusted payment processor. There, you can enter your bank details and your credentials.

Please also note that if your bank is not eligible for a direct debit bank transfer, SynpaseFi cannot take your payment.

Once you have successfully linked your account, return to your BTC Pocket and click/tap Make Payment. Make sure that you have enough funds in your bank account to complete this transaction.

Your purchase price is guaranteed for 24 hours, meaning you have a 24-hour period between when you initially confirmed your transaction and when you complete your payment.

If you do not complete your order within this time, the amount of your purchase in USD will automatically be reformulated to the current bitcoin price. If no payment is made at all, your account may result in temporary or permanent suspension.

As a reminder, the name on your bank account must match the name registered to your Xapo account.
Otherwise, the payment will be rejected by SynapseFi and will result in lost transaction fees.

The standard processing time for the funds to reach your account is 2 to 3 business days.

Was this article helpful? We appreciate all feedback and suggestions!
We're sorry to hear that. We'd love to know how we can improve this article for you.

Was the information not clear enough?

Was there incomplete or missing information?

Did you spot any errors?

Please let us know below!

Thanks for the feedback!
Can't find what you are looking for?