The first question one might ask is why should I use Bank Deposit when I can use a debit card to buy Bitcoin/cryptocurrency? That’s a great question to ask. Due to restrictions on your bank
Hence, in a case where you want to deposit more than 500,000
- The first step is to create an account and verify your identity on Quidax (this is why you should use Quidax)
- Click on “Wallets” in the website menu, once you have verified your identity
- Select the “Bank Deposit” option
- Type the amount to deposit and click submit
- Use the ‘DEPOSIT REFERENCE CODE’ as your transaction summary/description when you want to deposit as this will help facilitate confirmation of your deposit
- Once you have made the transfer, the amount you deposited should be in your Quidax wallet within 15 -35 minutes or less.
- After you have done that you can use the instant buy and sell feature to buy bitcoin or any cryptocurrency asset of your choice.