Buy bitcoin with Faster Payments
- Type
- Domestic bank rail
- Works in
- 3 countries
- Accepted by
- 4 exchanges
- Last reviewed
- 2026-08-18
You can fund a bitcoin purchase with Faster Payments in 3 of the countries we cover, at 4 exchanges we review. Support is decided market by market, so find your country below and follow its guide.
What is Faster Payments?
Faster Payments is the United Kingdom's near real time sterling transfer scheme, operated by Pay.UK and regulated by the Payment Systems Regulator. Almost all internet and mobile banking payments between UK accounts run over it, which is why a pound deposit to an exchange normally arrives this way rather than by CHAPS. It moves money account to account using a sort code and account number, and it runs every day of the year including weekends and bank holidays.
- Speed
- Payments are processed in near real time and can be sent and received 24 hours a day, seven days a week, so a deposit usually lands within seconds.
- Cost
- UK banks do not charge personal current account customers for sending or receiving a Faster Payment, while business tariffs vary from bank to bank.
- Limits
- The scheme limit has been £1 million per payment since 10 February 2022, but each payment service provider sets its own lower ceiling within that, often far lower for app initiated payments.
Speed and cost describe the rail itself. What an exchange adds on top varies by platform and is shown per exchange below.
Exchanges that take Faster Payments
Where Faster Payments works
Every country guide that lists Faster Payments. Dedicated pages exist where at least one recommended exchange takes it.
Guernsey
Isle of Man
United KingdomFrequently asked questions
Which exchanges accept Faster Payments?
Of the exchanges we review, CEX.IO, Coinmama, Kraken, Coinbase accept Faster Payments in at least one country. Support is per market, so check your country guide for the exact list where you live.
Where can I buy bitcoin with Faster Payments?
Faster Payments appears in 3 of our country guides: Guernsey, the Isle of Man, the United Kingdom. Each guide lists the exchanges that take it there and how it is named locally.