4 Easy Ways To Buy Bitcoin With Chime Bank (A Quick Guide)

how to buy bitcoin with chime bank

Most US banks frown upon you buying Bitcoin or other cryptos. And even though Chime isn’t a proper bank, they are trying to act like one and therefore don’t like it when you buy crypto with their card or account. 

I must admit that that’s rather strange as they’re here to disrupt the banking market and as other digital banks such as Cash App, MoneyLion, or Revolut allow you to buy and sell cryptocurrency directly via the app. 

However, there are ways to buy Bitcoin and other cryptos with Chime. Some of them are a bit risky in a way that Chime could block your account, temporarily or permanently. Here are the four best ways to buy Bitcoin with Chime Bank:

  1. Buy Bitcoin with Chime instant transfers on Paxful
  2. Transfer funds to Cash App and buy BTC
  3. Buy directly on Coinbase
  4. Buy directly on Binance

1. Buy Bitcoin with Chime instant transfers on Paxful

If you’ve never heard of Paxful, it’s a P2P exchange platform that was founded in 2015 and that lets you easily buy Bitcoin from other people directly and by using Chime’s instant transfers. 

Apart from Chime, you can use one of 350 different payment methods. The platform has reportedly more than 6 million users and uses Escrow to provide a fair trade experience for both sides.

Paxful lets you buy, not only Bitcoin but also Ethereum and Tether and is regulated as a Money Services Business in the US. All users are verified to ensure a safe trading environment. 

To start buying Bitcoin on Paxful with Chime:

  1. Create a Paxful account and get your free Bitcoin wallet 
  2. Click Buy from the main menu and select Buy Bitcoin
  3. Click on the Buy button to view the vendor’s terms
  4. Set the amount of Bitcoin you want to buy in the widget then click Buy now to start the trade
  5. Transfer the payment and click Paid

To sign up for a Paxful account, all you need is an ID, a phone number, and your email. After you click on the Buy button, you’ll get to see the vendor’s terms. 

But, they might also ask you for a confirmation of the funds from your online wallet or a snapshot of the bank deposit slip, as well as the receipt of the gift card you purchased and used for the transaction. 

It’s vital that you don’t communicate outside of Paxful as then you won’t have any protection in the case something happens. But, how can you ensure that you get the Bitcoin you paid for?

It’s all done on autopilot. Once you transfer the funds via Chime or some other method, the BTC gets locked in escrow to prevent the vendor from not releasing the crypto. As soon as the payment is confirmed by the seller, the Bitcoin will be released to your Paxful Wallet. 

READ ASLO: 6 Possible Reasons Why Cash App Transfer Failed (How to Fix)

2. Transfer funds to Cash App and buy BTC

cash app buy

Cash App is a digital bank just like Chime, but they do have some different features. One of them is that you can buy Bitcoin and stocks on Cash App while on Chime you can’t. 

The Bitcoin trading feature is one of Cash App’s most popular segments that attracts hundreds of thousands of people. 

Now, to transfer money from Chime to Cash App, you need to connect your Chime account or Cash Card with Cash App. You can easily do it from the Cash App itself. Here’s how to do it. 

1. Open Cash App

First, register for Cash App and open your profile. You can do that by tapping your photo in the app. The process can be done on a desktop as well and is very similar.

2. Add bank account

Find the ‘Add Bank’ button and tap on it. You’ll open a list of popular bank accounts, and Chime is there also. Tap on the Chime icon. 

3. Log in to your Chime account

This will bring you to Chime log in where you have to input your credentials. This will in turn connect the two accounts, and make them ready for money transfer.

4. Transfer money and buy Bitcoin

After you transfer money between your accounts, you’re ready to buy Bitcoin on the Cash App. 

There is a varying fee for trading Bitcoin but stock investment accounts don’t have a commission fee though they may incur regulatory and government fees. 

Read more in detail about this in 3 Ways To Buy Bitcoin On Cash App (Quick Guide).

3. Buy directly on Coinbase

Here’s where it gets interesting. You can basically connect your Chime debit card to Coinbase, the most popular crypto-exchange in the US, to transfer funds for buying Bitcoin and other cryptocurrency.

However, you’re risking getting your Chime account blocked which will get it harder to access the funds in your account. There are also, reportedly, issues for some users trying to withdraw funds from Coinbase to Chime although they didn’t have any issues depositing funds into this exchange. 

Coinbase supports many payment methods, including:

  • Wire transfer
  • Bank Account (ACH)
  • PayPal
  • Debit Card
  • Instant Cashouts to bank accounts
  • Apple and Google Pay

To link your Chime debit card, follow the following steps:

  1. Go to Payment methods 
  2. Select Add a payment method 
  3. Select Debit Card
  4. Input your Chime debit card information
  5. Next, Coinbase will apply two small, temporary debits to your card
  6. Go to Chime statement and find the two amounts
  7. Enter the amounts on Coinbase 
  8. That completes adding and verifying your card

As we already mentioned, this may or may not work for you and you might be risking getting your Cash App account blocked or suspended. 

RELATED: Cash App Vs. Coinbase: Which Is Better Digital Wallet?

4. Buy directly on Binance

Binance is the world’s largest crypto exchange and Binance.us is the American side of the platform. The process of adding your Chime debit card to Binance is similar to that of Coinbase and can be done in a couple of minutes. 

After you complete it, it’s best to transfer a small amount of money to see if it will go through. Again, some users report no issues with connecting Chime to Binance while others aren’t able to transfer money. 

READ NEXT: Chime Vs Marcus: Completely Different Digital Banks

Luckily, Binance also supports many other options of depositing money to buy BTC and other crypto. But first, let’s take a look at how to connect your Chime debit card to Binance.

  1. Go to Binance.us Dashboard
  2. Click on the account icon in the top right of your screen
  3. Select Settings from the drop down
  4. Click on Payment Methods at the top of the screen
  5. Select Add a New Account 
  6. Select Debit Card
  7. Enter the Debit Card info
  8. Click Add Card

It’s also important to note that debit cards deposits have a $1,000 daily limit, and a 5-day withdrawal limit as well as associated fees.  


It’s a shame that chime isn’t more supportive of people trying to buy BTC with their digital bank account and card. However, as you can see, there are some easy ways to buy crypto with Chime’s debit card and we ranked them from best to worst, in our opinion. 

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