Can You Buy Bitcoin at Your Local Bank? What Are Your Other Options?

Anthony Scaramucci, founder of SkyBridge Capital, said if he could bet on anything, he would bet on Bitcoin increasing in value.

Anthony Scaramucci, founder of SkyBridge Capital, said if he could bet on anything, he would bet on Bitcoin increasing in value and reaching $170,000 by mid-2026 due to its high demand and fixed limited supply.

So, it's understandable if you're trying to join in on the frenzy now before it gets too late. Some people bought in in 2013 when it was just around $700, and others in 2020 during COVID-19 when it was sitting at $20,000.

In early 2025, Bitcoin is currently valued at over $130, 000, and finance experts like Robert Kiyosaki, author of 'Rich Dad Poor Dad,' are predicting that with the new Trump Administration, the cryptocurrency could be valued in the millions "in the coming years."

With these expert predictions and projections, the only valid questions you might be asking are, "How can I get some? Can I walk into my local bank and buy it? And if not, what other ways are there to get involved in this digital revolution?"

Well, it's a good thing you're here because we'll be covering all of that and more!

Why Invest in Bitcoin in 2025?

Bitcoin has come a long way since its early days. What started as an experiment by a mysterious person or group called Satoshi Nakamoto has become a global financial phenomenon.

Bitcoin has grown beyond the average mysterious digital coin it was considered years back – it's now regarded as the father of all cryptocurrencies, and even the new Trump government is looking at ways to tap into the power of this digital sector.

On March 2nd, 2025, U.S. President Donald J. Trump announced that his government, through his crypto czar, David Sacks, will create a national strategic crypto reserve of five cryptocurrencies, with Bitcoin being the prime focus.

This announcement alone is one of the biggest reasons to invest in the digital coin.

With the U.S. backing it with a reliable government-funded initiative, millions and maybe even billions worldwide who were having second doubts about the digital currency will troop in on the news and buy a lot of it.

And this will continue for years to come, meaning your investment will continue to yield and grow in value.

Can I Buy Bitcoin at My Local Bank?

The simple answer is no; you generally cannot buy Bitcoin directly at your local bank.

Traditional banks mainly deal with government-backed money, like dollars.  Even though Bitcoin is about to become a strategic reserve in the U.S. economy, it still operates outside the traditional banking system.

But while you can't directly buy Bitcoin at your local bank, you can still use your bank account to buy from a crypto exchange. 

A crypto exchange is a platform for buying, selling, or trading cryptocurrencies. Some of the legally recognized crypto exchanges in the U.S. are Coinbase, Binance US, and Kraken.

How to Buy Bitcoin with Your Local Bank Account

You would first need to create an account on a cryptocurrency exchange.  This usually involves providing personal information to verify your identity, like opening a bank account.

Once your profile is set up, you can link it to your bank account.  This link lets you transfer money from your bank account to your cryptocurrency exchange account.

You can do this through different methods, like bank transfers or, sometimes, debit cards, which are also linked to your bank account.

Once the money is in your exchange balance, you can use it to buy Bitcoin.  The crypto-exchange will show you the current price of Bitcoin, and you can decide how much you want.

After the purchase, your Bitcoin is stored in a digital wallet associated with your exchange account. You can decide to sell it for cash or buy more later.

If this process seems tedious, then there are other options you can use to buy Bitcoin.

Three Other Options You Can Use

Bitcoin ATMs

Bitcoin ATMs let you buy Bitcoin with cash or a debit card. They look similar to regular ATMs, but instead of giving you cash, they send Bitcoin to your digital wallet.

You can get your Bitcoin digital wallet by registering on a crypto exchange or downloading the Phantom or Trust app from your App Store.

Companies like Bitstop offer Bitcoin ATMs in many states across the U.S., and you can find one near you by searching for "Bitstop Bitcoin ATMs near me" on Google.

Once you find one, you'll need to bring your phone and a digital wallet app. At the ATM, you'll follow the instructions on the screen to buy Bitcoin. Some Bitcoin ATMs also let you sell Bitcoin and get cash in return.

Payments Apps

Apps like PayPal and Cash App have made it easy for regular people to purchase Bitcoin. You can buy Bitcoin from your phone, using money from your bank account or the app's balance.

These apps are great, especially if you're a beginner. They are user-friendly, so you don't need to be a tech expert to use them.

Cryptocurrency Brokers

Cryptocurrency brokers are like traditional stock brokers but for digital money. They provide a professional platform where you can buy, sell, and sometimes even learn about Bitcoin.

These platforms often have good security and offer more advanced features for people who want to become crypto experts. Some brokers offer extra tools like price tracking, investment advice, and detailed reports.

The Big 4 Trump Years Ahead for Bitcoin

The next four years will certainly be transformative for the crypto industry. The new U.S. administration, through its crypto czar, David Sacks, is currently developing new rules and laws for cryptocurrencies in the country.

Depending on these rules, Bitcoin may be worth over 10X its current value at the end of Trump's tenure in 2029.

So don't just wait to see. Get out there and be a part of those who will share their beautiful Bitcoin stories in a few years. Good luck!