One of the most frequently asked questions is - how do I buy crypto using the money from my bank account?
It’s easy! Let’s send funds from Bank of America as an example.
Select the “Transfer” menu, then click “Using Someone’s Account Number At another bank”.
Add a recipient
If this is the first time you are sending the funds to us, you need to add Legend Trading Inc. as a recipient. This is a one-time effort. You won’t need to do this again in future.
Enter the correct information as below, which you can also find from our OTC deposit page anytime.
- Account Name: Legend Trading Inc.
- Account Address: 960 San Antonio Road, Suite 200, Palo Alto, CA 94303, United States
- Account Number: 1503983881
- Routing Number: 026013576
- Bank Name: Signature Bank
- Bank address: 565 Fifth Avenue New York NY 10017, USA
- SWIFT code: SIGNUS33XXX (Only use it if your bank is outside of the U.S.)
You can find the same information as above from our OTC deposit page anytime.
Let’s go back to the bank page, it should look like this after you entered the account information -
Now that you have added the recipient successfully, you can send money, i.e., make a deposit to your OTC account.
Now that you have added the recipient successfully, you can send money.
- Check out the OTC “Deposit” Page and find your own reference code.
This code is unique for each user, use your own code!
- Enter the code in the “Description” or “Additional information” field on your transfer page.
ACH vs Wire Transfer
You have different options when you send money to us. We highly recommend the Wire Transfer option, as it’s the fastest. In most cases the funds can arrive on the same day.
To recognize the sender of each deposit 100% correctly, we ask that each user enters this reference code. Again, this code is unique for each user, use your own code!
It’s fine if you forgot to enter it, just Email finance@legendtrading and we’ll find the transfer for you! Please send a screenshot of your bank transfer details when reaching out to our Finance team.
Minimum Transfer Amount
Feel free to send any amount you want. However, there’s a minimum trade limit of $500 at our OTC service, so if your deposit amount was less than $500, you won’t be able to trade, although you can see it from your OTC balance. We’d suggest that you deposit more than $505, or you may not be able to execute a trade although you have a USD balance.
Once your funds arrive at our bank account, we’ll update your OTC account balance accordingly. Check the OTC page, you’ll see your USD balance appear at the bottom right.
Congratulations! You are all set to buy crypto!
If you need any further assistance regarding the bank, ACH/Wire transfers, or you feel it’s taken too long, please don’t hesitate to Email us: