Author: Anton Shmerkin
How to

How to Buy Bitcoin Using IBAN? (2021 Update)

Back in 2018 when we first touched on this subject, buying crypto with a regular bank card wasn’t easy. Bankers used to cringe every time crypto was mentioned in their venerable presence, and today, three years later, things aren't that much different: buying Bitcoin with consumer credit or debit cards is theoretically possible, but still is very much frowned upon.

There’s an excellent post on this from Nerdwallet that explains why transacting with crypto using your regular checking account and the card that comes with it is not such a great idea. But to shorten a long and twisted story, banks live off whatever you pay them with fees and when crypto is involved, fees skyrocket. There are other considerations (read the post!) but the point is as clear today as it was in 2018: don’t use regular banks to buy crypto. 

Luckily, there are ways to purchase your favourite coin without having to deal with banksters’ nonsense. TRASTRA Payment Account with Personal IBAN pretty much does the trick and if you don’t take our word for it, here’s a great article from MarketBusinessNews with a thorough instruction on purchasing Bitcoin using TRASTRA’s personal cryptocurrency banking solution.

To recap for those who’ve been living under a rock while the likes of Elon Musk proclaim the undying love for BTC, IBAN is an International Banking Account Number which allows much faster processing of transactions, minimum delays and reduces transaction errors. According to Wikipedia, as of May 2020, 77 countries are using the IBAN numbering system, which makes the TRASTRA card one of the most versatile tools for transacting with crypto internationally that €9.00 can buy.

 Here are the steps to buy Bitcoin with IBAN:

  1. Sign up to obtain your personal TRASTRA account with free Bitcoin and Ethereum wallets.
  2. Verify your identity to get a free Payment Account with personal IBAN.
  3. Deposit EUR to your Payment account using SEPA transfer.
  4. Exchange EUR to Bitcoin in TRASTRA app in seconds.

That should do it!

In four easy steps you have just accomplished something that used to take days, and that is if your banker was in a good mood. Note that this simple operation using a TRASTRA Payment Account with a personal IBAN allows you to send money to over 140 countries around the world. Meaning, even if you’re not planning on using the card all the time, do yourself a favor and splurge the aforementioned €9.00 on a brand new card. Let it sit in your wallet for a while (the monthly maintenance fee is only €1.25). But having it when you don’t need it beats not having it by the time the next Bitcoin halving arrives.



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