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How to buy Bitcoin with Zelle in 2023
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Firstly, the most important question to answer is: can I buy Bitcoin with Zelle?
No, Zelle doesn’t allow you to purchase cryptocurrency. However, you can use Zelle to fund a trading account and buy Bitcoin that way.
You just need a crypto exchange that accepts Zelle deposits. And we’re here to help.
How to buy Bitcoin with Zelle – a step-by-step guide
It takes about 15 minutes to buy BTC with Zelle. Have a copy of your photo ID to hand and follow this guide to get started.
Step 1. Sign up with eToro
We recommend eToro as the best platform to use to buy BTC with Zelle.
Step 2. Create an account
You need an account before you can buy anything. Sign up with your contact details and a form of ID for verification.
Step 3. Make a deposit via Zelle
Enter how much you want to deposit and select Zelle as your payment method from the list of options.
Step 4. Use the search box to find Bitcoin
Use the search box on the home page to search for Bitcoin and the currency you want to pay in (such as GBP).
Step 5. Make your purchase
Enter how much Bitcoin you want to buy, check the details and process the transaction. Once the payment goes through, your new Bitcoin will show up in your exchange account.
Top Bitcoin platforms that accept Zelle
1. eToro. Best for beginners, copy-trading & demo-account
Pros & Cons
We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.
As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.
The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.
2. Public. Best for sharing beginner trading ideas
Pros & Cons
We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.
Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.
The fees: Cryptocurrency trades are charged a 2.5% fee per transaction.
3. Bitstamp. Best for professionals & trading with APIs
Pros & Cons
We love Bitstamp because it’s one of the original crypto exchanges and keeps 95% of all assets in offline cold storage. Bitstamp offers trading on 75+ cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, while staking is available on Ethereum and Algorand.
Bitstamp was one of the first crypto trading platforms to set up shop in 2011 and has built up trust since. It’s designed with institutional traders in mind, so it prides itself on the fact the exchange hardly ever experiences any downtime and offers a sliding scale of fees so that high volume traders get the best rates.
The fees: There are no trading fees if you trade less than $1,000 in a rolling 30-day period. Above that, fees start from 0.4% and decline the higher your trading volume is. There is a 15% charge for staking. Withdrawals are charged a flat €3 fee.
Quick answers to key questions
Can I buy crypto with Zelle?
Yes, you aren’t limited to buying Bitcoin alone. The only limit is which coins are available on the exchange you’ve chosen. Most crypto exchanges that support Zelle as a payment method offer 50+ cryptocurrencies and many offer hundreds more.
Is Zelle safe?
Yes, it’s completely safe to use Zelle. The only risk to look out for is to make sure you sign up to a regulated Zelle Bitcoin broker when buying Bitcoin. Using an unregulated broker platform can put your money at risk.
How much does it cost to buy Bitcoin via Zelle?
It depends on the broker. A fee of 1-2% on each transaction is quite standard but it varies; some platforms offer free trading, others may charge a premium for making a deposit via Zelle.
Can I store Bitcoin in my Zelle account?
No, you can’t store Bitcoin on Zelle.
Instead, you have a couple of options. You can either keep Bitcoin in your trading account or move it to a dedicated crypto wallet. The first option is more convenient, the second is more secure.
Why don’t more crypto platforms support Zelle?
Zelle is still quite limited in terms of scope. You have to have a US bank account to sign up and its global footprint remains small as a result.
More platforms may add it over time. Zelle is backed by big time financial institutions, like Bank of America and Morgan Stanley. It’s likely to keep growing, but for now it’s not popular enough to be available on many crypto platforms.
Should I buy Bitcoin using Zelle?
You should be aware that few crypto brokers accept Zelle deposits right now. It’s still new
- Manage your crypto purchases from your payments app
- A growing payment method, backed by big name financial institutions
- The Zelle app is linked to thousands of banks already
Is there an alternative to buying cryptocurrency with Zelle?
There are plenty of alternatives, whether you want to pay through an online payment provider or go down a more traditional route. Here are some of the different ways to pay for your Bitcoin purchase.
- Buy Bitcoin with Afterpay
- Buy Bitcoin with American Express
- Buy Bitcoin with Apple Pay
- Buy Bitcoin with bank transfer
- Buy Bitcoin with cash
- Buy Bitcoin with Cash App
- Buy Bitcoin with Discover Card
- Buy Bitcoin with gift card
- Buy Bitcoin with Google Pay
- Buy Bitcoin with Neteller
- Buy Bitcoin with Payoneer
- Buy Bitcoin with PayPal
- Buy Bitcoin with Paysafecard
- Buy Bitcoin with Paytm Wallet
- Buy Bitcoin with Revolut
- Buy Bitcoin with Skrill
- Buy Bitcoin with Swish
- Buy Bitcoin with Venmo
- Buy Bitcoin with Zelle
- Buy Bitcoin with Zippay
No, Coinbase does not accept deposits via Zelle.
No, you can’t link your Zelle account to Cash App.
Go to the account settings to make a deposit. Enter the details and choose Zelle from the list of payment options. If it is available, you’ll then be asked to add your Zelle account details before confirming the payment.
Yes, if you use Zelle to fund a trading account. Bitcoin purchases are virtual instant, whichever broker you choose.
No, Zelle is linked to your bank account, and you can only use it if you have a US bank account. You have to provide details of that account in order to get started with Zelle, so there’s no way to remain anonymous.
More ways to buy cryptocurrency
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