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Buy Crypto Instantly with Bank Transfers (ACH)

Published, 6 October, 2021

Markets move fast, and crypto trading has to be quick enough to keep pace. That’s why we’re excited to announce that, starting today, BlockFi clients will be able to use Instant Bank Transfers (ACH) to swiftly buy and trade the cryptocurrencies of their choice using funds from their bank account. It’s a fast, easy, and convenient way to stay ahead of the curve.

You may have heard of the Automated Clearing House (ACH) network before. Most traditional domestic bank transactions also use ACH payments. When you request an ACH transfer through our platform, BlockFi asks for permission to process a payment from your account. This request goes through the ACH system, asking your bank to send funds to BlockFi. Now, we’re offering a way to use ACH to instantly fund your cryptocurrency and stablecoin purchases.

With the introduction of Instant Bank Transfers, you can buy crypto directly through a linked bank account, letting you take advantage of market opportunities without delay. It’s the fastest and easiest way to buy and start earning crypto interest on our platform.

What Makes Instant Bank Transfers Different?

With Instant Bank Transfers, you can use your bank account funds to directly buy any cryptocurrency on our platform whenever you want.

That means if there’s a swing in crypto prices, you can respond almost immediately to take advantage of a new opportunity or reduce your exposure to a downturn.

We’re also providing a feature that lets you automate your transactions by setting up recurring buys on a daily, weekly, or monthly basis. Simply choose which cryptocurrency or stablecoin you want to buy, select how frequently you want to buy it, and let BlockFi and the ACH system automatically perform the transactions on your behalf.

Best of all, these Instant Bank Transfers are free to use, so you can instantly buy crypto according to your needs or set up repeat purchases to seamlessly manage your crypto portfolio.

How to Get Started

It’s quick and easy to start using Instant Bank Transfers. Just connect your bank account to BlockFi and buy using that account. When you make a transaction, your USD will instantly be converted into the crypto of your choice.

Have any questions about Instant ACH Trading? Check out our ACH FAQs or feel free to contact our Client Services team by submitting a support ticket HERE.

Nothing contained in this announcement should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction. The information provided in this announcement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This announcement is not directed to any person in any jurisdiction where the publication or availability of the announcement is prohibited, by reason of that person's nationality, residence or otherwise.

Neither BlockFi nor any of its affiliates or representatives provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions. Digital currency is not legal tender, is not backed by the government, and crypto interest accounts are not subject to FDIC or SIPC protections. Learn more at BlockFi.com.

BlockFi Lending LLC NMLS ID#1737520 | BlockFi Trading LLC NMLS ID#1873137

Last updated on October 6th, 2021

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As of February 14, 2022, the BlockFi Interest Account (BIA) is no longer available to new clients who are US persons or persons located in the US and existing US clients with BIA accounts are unable to transfer new assets to their BIAs. Learn More.

BlockFi Lending LLC NMLS ID#1737520 | NMLS Consumer Access

BlockFi Trading LLC NMLS ID#1873137 | NMLS Consumer Access

Digital currency is not legal tender, is not backed by the government, and crypto accounts held with BlockFi are not subject to FDIC or SIPC protections. Digital currency values are not static and fluctuate due to market changes. Not all products and services are available in all geographic areas and are subject to applicable terms and conditions. Eligibility for particular products and services is subject to final determination by BlockFi. Rates for BlockFi products are subject to change.

BlockFi Rewards Credit Card: For more information, please see BlockFi’s Terms of Service. BlockFi is not a Bank. Cards are issued by Evolve Bank & Trust, Member FDIC, pursuant to a license from Visa® USA Inc. Rewards are not offered by Evolve Bank & Trust and are instead offered and managed by BlockFi.

BlockFi International Ltd. holds a Class F digital assets business license under the Digital Assets Business Act, 2018 (as amended) and is licensed by the Bermuda Monetary Authority to conduct the following digital assets business activities: (i) issuing, selling or redeeming virtual coins, tokens or any other form of digital assets (ii) operating as a digital asset exchange (iii) providing custodial wallet services (iv) operating as a digital asset derivative exchange provider and (v) operating as a digital assets services vendor.

See blockfi.com/terms for more information.