To deposit money from your bank account to Coinbase, you need to link your bank account using Plaid (for US customers).
After you’ve linked your bank account using Plaid, you’ll be able to buy crypto directly using your bank account.
You can also deposit money from your bank account to your USD wallet on Coinbase.
Once your transaction is confirmed, you can use the funds to buy or sell cryptocurrencies on Coinbase.
However, Plaid is not available in some countries.
For example, if you’re living in Singapore, you cannot link your bank account to Coinbase.
This is because the “Bank Account” payment method is not supported there yet.
If that’s the case, you need to buy and sell cryptocurrencies using your debit or credit card instead.
Get $10 USD in free Bitcoin on Coinbase here: https://www.coinbase.com/join/lim_di1.
Here’s how to deposit money from your bank account to Coinbase:
- Go to Coinbase.com and click on “Buy / Sell”
- Add your bank account
- Click on “Continue”
- Select your bank account
- Log in to your bank account
- Click on “Buy / Sell” again
- Buy crypto directly using your bank account
1. Go to Coinbase.com and click on “Buy / Sell”

The first step is to go to Coinbase.com and log in to your account.
You can also use the Coinbase mobile app for this.
For the purpose of this guide, we’ll use the desktop version of Coinbase instead.
Once you’re on the desktop version of Coinbase, you’ll see a “Buy / Sell” button on the top navigation bar.
Click on the “Buy / Sell” button to start buying or selling cryptocurrencies.
2. Add your bank account

Note: If you don’t see the “Bank Account” option, it means that it is not supported in your country yet. If that’s the case, you can only buy crypto with a debit or a credit card.
After you’ve clicked on the “Buy / Sell” button, you’ll land on the buying page.
If this is your first time buying crypto on Coinbase, you’ll be prompted to add a payment method.
Otherwise, click on “Pay with” followed by “Add a payment method” to add a new payment method.
You’ll then be given one or more payment methods that you can add.
This includes “Bank Account”, “Credit/Debit Card”, “PayPal”, and others.
Click on “Bank Account” to start adding your bank account.
If you don’t see the “Bank Account” payment method, it means that it’s not available in your country.
For example, if you’re living in Singapore, you won’t be able to link your bank account.
If that’s the case, this guide is not applicable to you, and you need to buy crypto using a debit or credit card instead.
3. Click on “Continue”

After you’ve clicked on “Bank Account”, a pop-up will open.
Now, you’ll be prompted to use Plaid to link your bank account.
Plaid is an easy way to connect your bank to popular apps like Coinbase.
This is secure as your personal financial data will be encrypted.
In addition, your credentials will never be made accessible to Coinbase.
Click on “Continue” to proceed to the next step.
4. Select your bank account

After you’ve clicked on “Continue”, you’ll be asked to select your bank.
Now, you need to select the bank account that you want to add.
You can use the search bar to search for your bank.
For example, if your bank is “Chase”, select “Chase”.
5. Log in to your bank account

After you’ve selected your bank, you need to log in to it.
For example, if you’ve selected “Chase”, you need to log in to Chase.
Firstly, enter your User ID and password.
Secondly, click on “Submit” to log in to Chase.
Thirdly, after you’ve logged in to Chase, you need to verify your identity.
For Chase, you can either verify your identity either by text, phone, or email.
For example, if you want to verify your identity by text, select “Text”, and click on “Continue”.
If you’ve selected “Text”, a security code will be sent to your phone number.
Fourthly, enter the security code in the “Code” field and click on “Submit”.
After you’ve submitted the security code, you’ll land on the success page.
Click on “Continue” to finish linking your bank account.
6. Click on “Buy / Sell” again

After you’ve linked your bank account to Coinbase, it will be available to use.
Now, you’ll be able to buy and sell cryptocurrencies!
You’ll also be able to deposit money in your USD wallet.
You can do this by navigating to your portfolio > US dollar > Deposit.
To start buying crypto on Coinbase, click on “Buy / Sell” on the top navigation bar again.
7. Buy crypto directly using your bank account

If you’re buying crypto using your bank account, it will take 3 to 5 business days for the transaction to complete.
After you’ve clicked on the “Buy / Sell” button, you’ll land on the buying page.
On the buying page, you need to select the crypto that you want to buy, enter the amount of crypto that you want to buy, and select your bank account.
Firstly, click on the “Buy” option and select the crypto that you want to buy.
For example, if you want to buy Bitcoin, select “Bitcoin”.
Secondly, you need to enter the amount of crypto that you want to buy.
For example, if you want to buy $100 worth of Bitcoin, enter “100”.
Thirdly, click on the “Pay with” option and select your bank account.
This will allow you to buy crypto directly using your bank account.
Lastly, click on “Preview Buy” followed by “Buy” to buy the cryptocurrency (e.g. Bitcoin).
Keep in mind that it takes 3 to 5 business days for the transaction to complete if you’re using your bank account.
If you don’t want to wait, you can buy crypto using your debit or credit card instead.
Buying crypto using your debit or credit card is instant.
Conclusion
In some cases, you won’t be able to buy and sell cryptocurrencies on Coinbase because your account is restricted.
If you’re getting an “Account Restricted” error on Coinbase, it means that you’re unable to buy or sell cryptocurrencies.
This is usually because you haven’t verified your identity yet.
To verify your identity, you need to take a photo of your ID and submit a selfie of yourself.
The Coinbase team will typically take a few days to review your identity.
However, it can take several weeks due to increased demand.
Further reading
Coinbase Quiz Answers (Nov 2021)