There are a thousand ways to get crypto assets into your wallet using third-party payment methods, but only a few can compete with Ameriabank. The platform provides users with a wide range of financial services, including buying fiat and digital currencies. However, buying BTC and other crypto with Ameriabank can be daunting if you don’t follow some important steps. This article will provide a detailed guide on how to buy Bitcoin and crypto with Ameriabank.
Can I Buy Bitcoin and Crypto With Ameriabank?
Yes, Ameriabank is a leading financial services provider, offering users a platform for personal banking, investments, and business banking. In addition, it provides modern banking and trading solutions, including investing in the world of crypto. Simply put, Ameriabank users can now utilize the platform to buy Bitcoin, Ethereum, and other cryptocurrencies as a trusted payment method.
Ameriabank doesn’t directly support the purchase of Bitcoin and cryptocurrencies on the app. However, you can either deposit funds into your crypto exchange to buy crypto or use them as a payment option in the exchange’s P2P section. This is possible because Ameriabank is integrated as a trusted payment option in major crypto exchanges like Binance. Other users also use the platform for over-the-counter transactions with some crypto brokers who accept wire transfers from Ameriabank.
How To Buy Bitcoin and Crypto With Ameriabank on Binance
Of the many ways to use the Ameriabank option for crypto purchases, P2P is the fastest. Also, where would you rather buy your crypto as an Armenian, if not Binance – the largest crypto exchange with a wide range of supported crypto assets? To begin, you must create accounts on both Ameriabank and Binance, to be able to access the P2P feature on the latter. Binance will prompt you to provide a few documents for KYC verification purposes; complete this and follow the steps below:
- Access your Binance account by registering via the app or website. Then, click Trade » P2P Transaction. Alternatively, scan through the list of icons on the Binance homepage and select P2P.
- In the Buy section, choose BTC, USDT, or any other crypto you want to purchase.
- Next, click the drop-down menu titled Payment Method and choose Ameriabank as your preferred option.
- Scan the list of sellers available for the one with the most favorable price for you. Click the banner to begin a transaction with the seller.
- Transfer funds from your Ameriabank account into the seller’s account, along with an optional proof of payment. Click Confirm and wait for the seller to send the crypto into your wallet.
Once the seller verifies your payment, your selected crypto will be released into your wallet. To avoid being a victim of scams, do not make a transfer outside the Binance P2P app or share personal details with the seller.
Fees When Buying Bitcoin and Crypto With Ameriabank Using Binance
Ameriabank for crypto purchases on Binance P2P is a very cost-effective way to buy BTC and other crypto assets of your choice. Binance, for instance, charges ZERO extra fees on P2P trades involving crypto purchase or selling. Also, for buying crypto, Ameriabank won’t add a dime to your estimated costs.
However, the spread of prices may affect the cost of BTC and crypto on Binance P2P, as sellers often set their prices slightly above the market to make a profit. In addition, extra fees may apply if you proceed to complete other transactions on Ameriabank, including international transfers, currency conversion, etc. So, ensure you review the fee policies attached to crypto transactions on Ameriabank and Binance P2P before making the trade.
About Ameriabank
Ameriabank is an Armenia-based financial institution renowned for providing digital financial services, especially for customers around the Armenian region. Established in 1910, Ameriabank has earned numerous accolades thanks to its innovative and user-centric services. Its services include online banking, mobile banking, loans and mortgages, and provision of access to international financial markets. In recent times, Ameriabank has also become popular in the crypto space as a payment method for peer-to-peer trading in major exchanges, such as Binance, OKX, Coinbase, and many more.
Bottom Line
Buying crypto with Ameriabank is easy—when you follow the step-by-step guide highlighted above. The platform also offers several other financial services that place it among the best financial platforms available. Check it out today, and get yourself your dream crypto asset with a few clicks.
