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How to Buy Bitcoin with eCheck

A step-by-step on how to buy Bitcoin with eCheck - a method commonly used to buy large amounts of the cryptocurrency - and where to find the best regulated platforms to purchase BTC via eCheck.
Buy Bitcoin with eCheck
Buy Bitcoin with eCheck

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

eCheck is among the most advantageous methods to buy Bitcoin in terms of costs and convenience. It’s also a preferred method to use if you want to purchase cryptocurrencies in larger amounts as there are very few limitations as in the case of credit and debit cards and other payment methods.

In this guide, we review the pros and cons of this payment method, list the best brokers to complete your bitcoin purchase via eCheck, and detail the process of buying Bitcoin with eCheck in screenshots.

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Contents [show]

    How to Buy Bitcoin with eCheck

    1. Choose a Bitcoin exchange – we recommend OKX
    2. Create an account
    3. Deposit funds into your account, selecting the bank transfer option
    4. Search ‘Bitcoin’ in the drop-down menu
    5. Click ‘Buy’ and select an amount of Bitcoin to buy

    Compare Bitcoin Exchanges

    The one thing that usually makes eCheck payment methods less attractive is the long transaction time: it usually takes 2-8 working days to complete it, depending on the broker. 

    On the other hand, it has a great plus compared to other payment methods – with most brokers, there are no additional fees charged when you use this method, which makes it more cost-effective. Still, there may be some brokers and exchanges that apply similar costs for the eCheck as with the other payment methods, so you need also to check what fees are charged for this method. Considering this factor, we included in our list either the platforms that don’t charge any extra deposit or withdrawal fees with eCheck payments or the ones that apply very low fees compared to other methods of transfer. 

    Plus, we tried to select the brokers and crypto exchanges with a good reputation and robust regulations, so you will have a great user experience and your funds are safe. Paxful is a regulated peer-to-peer marketplace where you can get in touch and trade directly with the buy and seller. Coinbase has a simple-to-use platform and a wide selection of cryptocurrencies. boasts of its strong security systems, due to which no user has ever lost a single cent. 

    OKX – Buy Bitcoin with eCheck From a Leading Crypto Exchange

    OKXOKX, founded in 2017 by Star Xu, is a global cryptocurrency exchange based in Malta with a particular emphasis on the Asian market. The exchange offers a comprehensive suite of trading products and services, such as spot trading, futures trading, options trading, and margin trading. It is recognized for supporting multiple payment methods and has earned a solid reputation in the crypto industry for its reliability and security.

    OKX features a native token, OKB, which provides users with exclusive access to various features and services, such as lower trading fees, higher withdrawal limits, and early access to new defi products. The exchange has established robust security measures, such as biometric verification, multi-factor authentication, and cold wallet storage for user funds. This has enabled the exchange to maintain a clean record of no significant security breaches or hacking incidents ever. With a wide variety of cryptocurrencies and a good reputation, OKX can be a great platform to consider for buying Bitcoin.

    Visit OKX

    KuCoin – Secure Crypto Exchange With Potential E-Check Support

    Since its launch in 2017, KuCoin has maintained prominence in the blockchain space as one of the finest exchanges in the industry. With multiple awards and honors, the platform has burgeoned into a global name, serving over 300 countries and more than 30 million users. KuCoin not only supports E-Checks but also offers various other payment options to ensure seamless funding for all users.

    KuCoin Crypto Exchange

    Headquartered in Seychelles, KuCoin aims for further expansion by establishing offices in numerous new global locations. Currently facilitating over 750 cryptocurrencies, it includes options that many other exchanges might not have in their listings. Moreover, the platform boasts a highly competitive fee structure, enhancing its appeal.

    Beyond meeting basic requirements, KuCoin offers a plethora of advanced features and tools that elevate the trading and investment experience. Coupled with a robust customer support system and an intuitive user interface, alongside a diverse range of payment methods, including E-Checks, KuCoin emerges as an excellent option for both novice and seasoned investors.

    Visit KuCoin

    MEXC – Emerging Crypto Exchange Supporting E-Checks

    E-checks are a less commonly utilized payment method, often omitted by newer exchanges. However, MEXC stands out by supporting this payment mode, presently ranking among the top 20 exchanges based on traded volume. Despite being relatively new, the platform has amassed a user base exceeding 10 million and operates in over 170 countries globally.


    Established in 2018, MEXC has emerged as a preferred choice for purchasing both renowned and lesser-known cryptocurrencies, primarily due to its extensive selection of over 1700 cryptos. Renowned for its rapid transactions, the platform executes trades at a remarkable rate of 1.4 million transactions per second. Witnessing consistent upgrades and feature developments, MEXC remains an appealing option for investors.

    With robust security measures, top-notch customer support, and a variety of exciting features, including compatibility with E-checks as a payment method, MEXC presents itself as a suitable platform for investors eager to commence their crypto investment journey promptly.

    Visit MEXC

    Bybit – Tier 1 Exchange Supporting Multiple Payment Options

    BybitFounded in March 2018 by Ben Zhou, Lang Yu, and Mike Zhuang, Bybit is a cryptocurrency derivatives exchange headquartered in Singapore, with additional offices in Hong Kong and Taiwan. Other than a huge variety of cryptocurrencies to invest in, Bybit also offers a broad range of trading products, including perpetual contracts, futures contracts, and options contracts, with up to 100x leverage.

    To ensure user security, Bybit undergoes an audited proof of reserves conducted by a third-party auditing firm, which ensures that the exchange holds sufficient reserves to cover its users’ balances. Though not currently supporting eChecks, Bybit is a tier 1 exchange, which suggests that this payment method may be added in the future. The exchange offers a lucrative 5030 USDT bonus for new users, which has encouraged several potential investors to register on the platform.

    Ranking within the top 10 exchanges, Bybit provides traders with an easy and reliable way to buy and trade Bitcoin. Whether looking to invest in cryptocurrencies or trade them, ByBit could be an excellent choice for those seeking a reputable platform with a wide range of trading products and services.

    Visit Bybit

    CEX.IO – Buy Bitcoin with eCheck through a Regulated Exchange

    CEX.IO is one of the oldest cryptocurrency brokers that started in 2013 as an only bitcoin exchange, holding at some point 42% mining power of bitcoin. But the platform expanded the selection of assets and at the time of writing, it supports trading of around 200 crypto pairs. Along with the credit card option, Cex.IO offers SEPA money transfer for EU residents and also a wire transfer option. The platform does not take deposit fees for bank transfer options but takes relatively high withdrawal fees. A great advantage is that through an Enhanced Verification, you can buy and sell an unlimited number of cryptos with


    Coinbase – Buy BTC with eCheck Simply and Quickly

    Coinbase is among the most well-known cryptocurrency exchanges that support more than 50 crypto assets and a built-in digital wallet. The platform is especially popular due to its easy-to-use interface that allows users to buy bitcoin simply and quickly. One disadvantage, however, is that it charges a bit higher than average trading fees. Still, there are no extra fees for US users to deposit or withdraw funds through bank transfer, and these are very low for EU and UK users.

    As mentioned, Coinbase also offers its own crypto wallet, Trust wallet, where you can store your coins after completing the purchase. Finally, if you are keen to actively trade the crypto markets, Coinbase also provides a Coinbase Pro account with lower fees and more advanced tools. 

    Visit Coinbase

    Paxful – Buy Bitcoin with eCheck on a Regulated P2P Marketplace

    Another excellent platform to buy bitcoin with eChecks is Paxful, which one of the biggest peer-to-peer marketplaces where you buy and sell bitcoin without the involvement of any third party. The platform uses an escrow mechanism to protect its users and sellers from being cheated – a factor that makes Paxful a great platform if you wish to buy bitcoin anonymously or getting lower commissions. 

    Plus, it does not charge any trading fees when you buy bitcoin and takes only 1% of your cash when you sell it. One of the most convenient things about Paxful is that you can find hundreds of methods to transfer money, including obviously eChecks. There is also a possibility of buying a small amount of BTC without going through the verification process.

    Visit Paxful

    How to Buy Bitcoin with eCheck

    In this section of our guide, we will show you the whole process of how to buy bitcoin with eCheck through our recommended broker, OKX.

    Open an Account

    First, download a free OKX account. It is available on Android/iOS as an app or directly on the website.

    Use an email address to create an account.

    Verify Your Account

    OKX follows KYC rules so users will have to first verify their email address and phone number, as well as a photo ID – some users may need to provide proof of address.

    Deposit Funds via eCheck

    Next deposit funds via your account – OKX charges no fees and there is a minimum amount of just $1.

    Buy Bitcoin

    Once there are funds in the account, search for Bitcoin or BTC in the search bar and click ‘Buy’ when it appears.

    Enter the amount to purchase (minimum $30) and follow the steps to complete the transaction. Purchased Bitcoin will be stored in a user’s ‘Portfolio’.

    What are eChecks?

    eChecks stands for electronic checks, being used to describe the digitized version of traditional paper checks. The process is almost the same as with the paper checks, but you can do this electronically more quickly and simply instead of manually filling out the check. To use eChecks, you use your bank’s routing number and your account number, which is later processed through the Automated Clearing House and transferred to the receiver’s account. 

    Compared to paper checks, eChecks make such transactions more straightforward and quicker. To complete the eCheck transfer, there are a few steps required. Firstly, if a receiver wants to accept electronic checks, it must have a registered ACH account. For this purpose, the payee is required to provide some information about the company, bank account, federal tax ID, etc. 

    The sender, in turn, must fill in the information found on the check, which usually includes the amount of money to be sent, routing number, and checking account number. After this, two parties must authorize the payment, which can be done through chat, phone call, or online. Finally, the transaction can be submitted; that is to say – it is automatically withdrawn from the sender’s account and deposited into the payee’s checking account. 

    Basically, such transactions are usually completed within 3-5 business days, which is a bit longer than in the case of bank cards, but pretty short when using traditional paper checks. However, compared to bank cards, eCheck fees are lower. Hence, it’s an excellent method when it comes to transferring a massive amount of money or buying high-cost items. Bitcoin itself can be considered a high-cost item, so, if you can buy one to two bitcoins using your bank cards or e-wallets, the eCheck option will allow you to get an unlimited number of bitcoins. 

    Another thing that makes eChecks convenient compared to paper checks is that eCheck has more security features. There are several authentication levels to ensure your funds will be transferred safely and without any fraud. These systems include authentication, public-key cryptography, digital signature, encryption that secret the sensitive data, etc. 

    In short, we can say that buying bitcoin with eCheck is pretty convenient for both beginners who cannot afford to pay extra fees applied for using bank card methods and for advanced traders who want to buy bitcoins in larger amounts. 

    Pros & Cons of Buying Bitcoin with eChecks

    If you are still confused about whether you should be buying bitcoin with eCheck, below we have reviewed some of the advantages and disadvantages of using this payment method.


    • Fees: The best thing about using eCheck is that it’s cheaper than other payment methods. Brokers usually don’t take deposit fees for using this method, and if they do, it’s generally very low. 
    • Limits: Some brokerage platforms and crypto exchanges set limitations on how many bitcoins you can buy in a day, week, or month – even when you go through the verification process. However, with eChecks, you get the freedom to buy as many BTC as you can. 
    • Safety: Buying bitcoin with eChecks is also a very safe method, as long as the transactions occur through Secure Vault Payments (SVP) and strong data encryption protocols are applied to keep your data secure. 


    • Speed: Perhaps, the most significant disadvantage of using eChecks is the transaction time. In some cases, it may take up to 8 business days to complete your transaction.
    • Limits: From another point of view, no limitations on the amount of bitcoin you can buy can be a disadvantage (as well as an advantage). The problem is that you may give in to temptation and invest the money you will need after a short time.

    How to Withdraw Bitcoin Earnings from a Brokerage Account

    After you get your bitcoins, you can then withdraw them from your account in two forms – as fiat currency or as BTC. If you buy bitcoin for trading purposes, you usually wait for the perfect moment when the prices are up and sell it to make a profit. You get the fiat instead, which you can withdraw using one of the withdrawal options the platform supports.

    However, if you make a long-term investment and don’t want to sell your bitcoin in a short time, you can withdraw it into a digital wallet where your coins are safe. In some cases, you may not be allowed to do this. For instance, when you buy it through CFDs, you don’t actually own BTC; hence you cannot withdraw it. Instead, you make a despot with eChecks with fiat money, speculate on the price of Bitcoin, and once you wish to withdraw your earnings, you simply your funds in the same coin you made the initial deposit.  

    To learn more about how to create your bitcoin account simply and quickly, visit our guide – Best Bitcoin Accounts.

    Data Processing and Privacy

    Trading bitcoin and other assets through online platforms involve higher risks not only in the sense of losing money if something goes wrong but also in terms of your safety. When you register on a brokerage platform, you provide a huge amount of data about yourself and your bank cards. 

    So, the crucial thing is to stay away from untrustworthy platforms that are not regulated or licensed and can use your information for other purposes. As long as your privacy and safety while trading is a top priority for us, we carefully examine if the trading platform is safe and reliable before including it in our recommendation list. 

    Buying Bitcoin with eChecks Anonymously

    To buy Bitcoin with eChecks anonymously, you need to find an exchange that allows you to use its platform without having to complete the verification process. Paxful is one such example where you can buy a limited amount of bitcoin without going through verification purposes. As long as purchasing bitcoin without verification is pretty risky, before getting to start, you need to consider the exchange’s previous experience with such transactions and the safety trading tools it provides to avoid scammers and fraudsters. 

    With all this being said, we should also note that though top brokers and exchanges require you to go through the verification process, they do this for your own safety and security. It means that they have a data privacy system that prohibits them from sharing or selling your personal information to any third party. Plus, some of these brokers are regulated by tier-1 financial institutions, which explains why verification is required.

    Take note, however, that once you withdraw your bitcoins from your brokerage account, your broker cannot follow how you will use them afterward. This is, in many ways, the true anonymity of using bitcoin and other altcoins. 

    Still, if you want to know more about buying bitcoin anonymously, visit our guide here

    How to Store Bitcoin on a Digital Wallet?

    Bitcoin Wallet to secure coins safely Pretty much similar to physical wallets, a Bitcoin wallet is used to store your digital currencies. But unlike the physical wallet, it allows you to send and receive BTCs from everywhere, and to send it to any place you want. Another difference is that instead of keeping your coins, it actually keeps the cryptographic information you need to use to access the part of the blockchain where your crypto is stored.

    Nonetheless, a Bitcoin Wallet is the safest way of storing your digital currencies as long as they are decentralized. Crypto wallets can be of different kinds and designed for various digital assets. To find out the best Bitcoin wallets and learn how to create your own bitcoin wallet, we suggest you visit our guide about The Best 5 Bitcoin Wallets. 

    Taxation on Bitcoin Earnings in the US

    In 2014, the US Internal Revenue Service classified Bitcoin and other cryptocurrencies as property, thus applying taxes for digital assets. In essence, it means that every time you make an income from buying, selling, or mining BTC, you need to pay the appropriate taxes. It also refers to the Bitcoin you receive from your employer as a salary. However, you will be taxed differently depending on how you acquired your BTC and how long you have held it before selling. 

    For example, you will be taxed differently if your income is classified as long-term capital gain and short-term capital gain, which is decided considering how long you hold your BTC before selling it to gain profit. You can find more information about Bitcoin taxation on the IRS website. 


    In a nutshell, buying bitcoin with eCheck is, in most cases, the most cost-effective payment method to purchase cryptocurrencies. Several top brokerage platforms and crypto exchanges accept this payment option. Plus, most of them don’t apply any additional deposit or withdrawal fees using this method while others apply low costs for it. 

    In any case, before you start, you first need to find a good brokerage platform to enjoy safe and effective trading. To save your time, we have already reviewed and prepared a list of the best brokers to buy bitcoin with eCheck. What you need to do is to select the one that best suits your needs, create an account, make a deposit using eChecks, and start trading Bitcoin. 

    Visit OKX


    Can I buy Bitcoin with an eCheck?

    Yes, several brokerage platforms allow you to buy Bitcoin using the bank transfer payment method. Before choosing a platform, you need to pay attention to its security systems, regulations, and fees.

    How can I buy Bitcoin with an eCheck?

    To get started, you need to choose a brokerage platform that operates in your country and accepts payments through eCheck. After selecting the platform, you need to sign up for an account, verify it, use the eCheck payment option to deposit funds, and buy bitcoin.

    What brokers accept eChecks as payments for buying Bitcoin?

    We have prepared a list of the best brokers that you can use to buy bitcoin with eCheck in the US. Our top recommended brokers, for this purpose, are, Coinbase, and Paxful.

    Is it safe to buy Bitcoin with an eCheck?

    eCheck is one of the safest methods of buying Bitcoin in the US. However, this still depends on the brokerage platform you use. Top brokers mostly use data encryption systems to protect your safety and keep away from fraudsters and data leakage.

    What are the advantages of buying Bitcoin with an eCheck?

    The top three priorities of the eCheck method are safety, cost-effectiveness, and no limitations for buying bitcoin. Most brokers usually don't apply extra deposit fees when you make transactions through eCheck. Plus, there are not any strict limitations on the amount of Bitcoin you can buy through this method.

    How do eCheck payments work?

    eChecks work in a similar way to regular paper checks. You need to use your bank's routing number and your account number to create an eCheck. You later use this check to prove to your broker that you have conducted the transaction. eCheck transfers usually last 3-7 days, but they are the cheapest payment method and charge almost no or very low transaction fees.