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How do I buy bitcoin through a domestic wire transfer?
This article is designed for U.S. users who want to purchase a bitcoin transaction of $10,000 USD or more.
If you would like to make a purchase for less than $10,000 USD, please use this article:

For transactions for over $10,000 USD, you can buy bitcoin through a domestic wire transfer from your bank account, paid to Silvergate Bank. All wire transfers must be completed within 24 hours of initiating the purchase in order to guarantee the bitcoin price.

You can buy bitcoin through a domestic wire transfer using the Xapo app (Android or iPhone) or a web browser.

Select an option to continue:

How to buy bitcoin through a domestic wire transfer using the Xapo app (Android)

1. Open the Xapo app and log in to your account.

  • Select the My Money tab.
  • Tap Buy Bitcoin at the top of your screen.

2. Choose a method to buy bitcoin.

  • Select Domestic Wire Transfer to proceed.

3. Enter the amount you would like to buy.

  • By default, the amount to be purchased will be in USD. If you would like to change this to BTC, you can toggle the currency by tapping on USD.
  • The exchange rate will be displayed below the purchase amount.
  • Tap Next to continue.

4. Review and confirm your transaction.

  • On the summary screen, you will see the following:
    • Amount to buy (in BTC)
    • Amount to exchange (in USD)
    • Total purchase amount (in USD)
  • Tap Go to checkout to proceed to your payment or Exit to My Money to cancel the transaction.

How to buy bitcoin through a domestic wire transfer using the Xapo app (iPhone)

1. Open the Xapo app and log in to your account.

  • Select the My Money tab.
  • Tap Buy Bitcoin at the top of your screen.

2. Choose a method to buy bitcoin.

  • Select Domestic Wire Transfer to proceed.

3. Enter the amount you would like to buy.

  • By default, the amount to be purchased will be in USD. If you would like to change this to BTC, you can toggle the currency by tapping on USD.
  • The exchange rate will be displayed below the purchase amount.
  • Tap Next to continue.

4. Review and confirm your transaction.

  • On the summary screen, you will see the following:
    • Amount to buy (in BTC)
    • Amount to exchange (in USD)
    • Total purchase amount (in USD)
  • Tap Go to checkout to proceed to your payment or Exit to My Money to cancel the transaction.

How to buy bitcoin through a domestic wire transfer using a web browser

1. Log in to your Xapo account.

  • Select the My Money tab.
  • Click Buy Bitcoin at the top of your screen.

2. Choose a method to buy bitcoin.

  • Select Domestic Wire Transfer to proceed.

3. Enter the amount you would like to buy.

  • By default, the amount to be purchased will be in USD. If you would like to change this to BTC, you can toggle the currency by clicking on USD.
  • The exchange rate will be displayed below the purchase amount.
  • Click Next to continue.

As a reminder, there will be a minimum amount required of $10,000 (plus fees) for this type of order.

4. Review and confirm your transaction.

  • On the summary screen, you will see the following:
    • Amount to buy (in BTC)
    • Amount to exchange (in USD)
    • Total purchase amount (in USD)
  • Click Go to checkout to proceed to your payment or Exit to My Money to cancel the transaction.


What next?

Now that you've created your order, the next step is to send a wire transfer to complete your order following the payment instructions provided under Payment Instructions. Your payment instructions should provide you with three key pieces of information:

  • Payment Details: You will find the exact amount to transfer here.
  • Beneficiary Information: This is the recipient name and address where you will be sending your wire transfer to.
  • Bank Information: This is Xapo's bank information that will be required for you to complete your transaction.

Here are some additional tips to ensure that your wire transfer is completed correctly:

  • Make sure to send the exact amount owed as well as any applicable fees on your end (your bank will notify you of any fees they may charge). Your account will be credited with the exact amount we receive.
  • You must initiate payment within the next 24 hours otherwise conditions for this order may change without advance notice.
  • As a reminder, the name on your bank account must match the name registered to your Xapo account. Otherwise, the payment may be delayed or rejected and will result in lost transaction fees.
  • Please also include the reference code (exactly as shown) if given the ability to write a note with the payment.

If you correctly follow the payment instructions, your funds will be available as soon as the payment has been received and processed by our team! Please note that wire transfers can generally take up to 72 business hours, depending on your bank's processing times. After Xapo has received the payment for your order, the funds will be released accordingly.

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