Instant Bank Transfer allows you to buy crypto directly from your bank account with near-instant confirmation. Instead of entering card details or sending a manual bank transfer, you securely authorize the payment through your own bank.

This payment method is designed to make crypto purchases faster, simpler, and more reliable for users across the EU and supported regions.

What is Instant Bank Transfer?

Instant Bank Transfer uses Open Banking technology to connect directly with your bank. After you authorize the payment in your banking app or online banking, the transaction is confirmed almost instantly and the crypto is credited to your WhiteBIT account within seconds.

 

Compared to traditional payment methods, Instant Bank Transfer offers:

• Faster crypto delivery;
• Fewer payment declines;
• Less manual data entry;
• Secure bank authentication;
• A familiar payment experience through your own bank.

Key Benefits

Instant deposits

Your crypto is usually credited within seconds after successful bank authorization.

 

Higher payment success rates

Bank-authorized payments often experience fewer issuer-side declines compared to card payments.

 

Simple and secure flow

You do not need to manually enter long bank details or card information. Authentication happens directly through your bank’s secure environment.

 

Trusted banking experience

Payments are approved in your own banking application or online banking interface using PSD2 and Strong Customer Authentication (SCA).

How to buy crypto with Instant Bank Transfer?

1. Open the “Buy Crypto” tab at the top left of the website or go to the “WhiteBIT Products” – “Finance” – “Buy Crypto” tab in the mobile app.
2. Select the cryptocurrency you want to buy.
3. Choose the EUR currency to pay for crypto.
4. Under “Pay with”, select the “Instant Bank Transfer” option.
5. Click “Continue”.
6. In the new window, select your bank from the available list. You can filter banks by country.
7. Log in and authorize the payment through your bank’s secure flow.
8. Confirm the payment in your banking app or online banking.
9. Return to WhiteBIT — your crypto should arrive within seconds.
   
    

Please note: to use this payment method, you have to add a billing address to your account.
Returning users may experience even faster payments thanks to bank-side familiarity and saved preferences, depending on the provider’s security settings.

Payment tips and troubleshooting

To avoid any issues with your payment going through, please ensure you follow these steps:

 

• Make sure your banking app can authorize payments on your device.
• Carefully review the final “You pay” and “You receive” amounts before confirming the payment.
• Ensure your bank supports Open Banking payments in your region.
  
   

The most common issues that may arise when making a payment:

 

1. My bank isn’t listed.

Some banks may not yet support Instant Bank Transfer.

 

You can:

• Try another supported bank;
• Use a different payment method available in “Buy Crypto”.

2. Payment was sent, but I don’t see my crypto.

Deposits are usually processed instantly.

 

Please:

• Refresh your account balances;
• Check the payment status in your banking app;
• Wait a few minutes in case of temporary bank-side delays.
  
   

If the crypto still does not appear, contact our support team and provide:

• Payment receipt;
• Screenshot or error details (if available).
  
   

3. I was redirected back with an error.

This may happen if the bank authorization was interrupted or declined.

 

Please:

• Check whether the payment was confirmed in your banking app;
• Retry the purchase;
• Capture any error message or screenshot before contacting support.

FAQ

Is Instant Bank Transfer safe?

Yes. Payments are authorized directly within your bank’s secure environment using Open Banking standards, PSD2 regulations, and Strong Customer Authentication (SCA).

 

How fast are deposits?

In most cases, crypto is credited within seconds after successful authorization. Occasionally, short delays may occur due to bank processing times.

 

Which banks are supported?

Instant Bank Transfer supports a wide network of European banks. Availability may vary depending on your country and bank.

 

Can I cancel a payment?

Once a payment is authorized and confirmed by your bank, it is generally final and can’t be canceled.

 

Why do I need a billing address?

A billing address is required to comply with payment provider and regulatory requirements before using Instant Bank Transfer.