Buy Bitcoin with SEPA Transfer

Beginner’s Guide

Introduction:

SEPA transfer is a popular payment method that enables easy and secure transfers of funds between bank accounts in the EU. In this beginner’s guide, we will review how to buy Bitcoin using SEPA transfer as your payment method.

Buying Bitcoin with SEPA Transfer:

Step 1: Choose a cryptocurrency exchange that accepts SEPA transfers There are many cryptocurrency exchanges that accept SEPA transfers as a payment method. Some popular options include Kraken, Bitstamp, and Coinbase. Choose an exchange that suits your needs and create an account.

Step 2: Verify your account Most cryptocurrency exchanges require users to verify their identity before buying or selling cryptocurrency. To verify your account, you will need to provide personal information such as your name, address, and identification documents.

Step 3: Add funds to your account using SEPA transfer Once your account is verified, you can add funds to your account using SEPA transfer. To do this, go to the deposit section of your exchange account and select SEPA transfer as your payment method. You will then be provided with the exchange’s bank details, which you can use to make the transfer from your bank account.

Step 4: Buy Bitcoin Once the funds have arrived in your exchange account, you can buy Bitcoin by selecting the “Buy” option and entering the amount you want to spend. You will then be asked to confirm the transaction, and the Bitcoin will be added to your exchange wallet.

Step 5: Withdraw your Bitcoin If you want to withdraw your Bitcoin to a personal wallet, go to the withdrawal section of your exchange account and select Bitcoin as your currency. You will then be asked to provide your personal wallet address, and the Bitcoin will be transferred to your personal wallet.

Conclusion:

Buying Bitcoin with SEPA transfer is a safe and easy way to invest in cryptocurrency. By following these steps, you can use SEPA transfer as your payment method to buy Bitcoin on a cryptocurrency exchange of your choice. As always, it’s important to do your own research and invest wisely.

Using SEPA can help you buy bitcoin quickly and in larger quantities than other methods. It’s also easier to set up than a traditional international bank transfer. The list below contains a number of bitcoin exchanges and brokers worldwide that allow you to buy bitcoin with SEPA transfers. SEPA (Single Euro Payments Area) is a fast and cheap payment method that allows the transfer of Euros between EU residents’ bank accounts. In this post, I’ll review the most popular Bitcoin exchanges that accept SEPA deposits.

SEPA refers to the Single Euro Payments Area, an initiative launched in 2008 to make it easier for people to make international bank transfers in Euros. SEPA is compiled of 36 countries, including all 27 member states of the EU and these countries can transfer money between each other via a dedicated system. This system is designed to be more efficient than the SWIFT network which is generally used for sending money overseas. In this handy guide, we’ll run through the basics of SEPA, outlining everything you need to know and how SEPA can benefit individuals sending money to another country.

Pros

It allows easy cross-border bank transfers within Europe
Fast transactions
Cross-border direct debit in euro between bank accounts anywhere in the EU
Transparent fee structure with no hidden fees
Helps create better business opportunities by enabling access to a broader European market

Cons

Limited access; it is only available in 36 European countries

Crypto.com

Payment methods:

Credit/debit card,

SEPA,Wire

Binance

Payment methods:

Credit/debit card,

SEPA,Wire

Coinbase

Payment methods:

Credit/debit card,

SEPA,Wire,ACH

CEX

Payment methods:

Credit/debit card,

SEPA

Bitstamp

Payment methods:

Credit/debit card,

SEPA

EUR Bank Transfers via SEPA Network on Crypto

Information about EUR Bank Transfers via SEPA Network – setup, deposits and common issues

Bank transfers via SEPA Network are a relatively inexpensive way to transfer funds into the Crypto.com App.

How to set up my EUR fiat wallet?

Go to “Fiat Wallet” from Super App Menu Button OR
From the homepage, Tap “Transfer” > “Deposit” > “Fiat”
Tap on the “+ Set Up New Currency” button
Setup EUR (SEPA)
Complete the EUR wallet set-up as per the SEPA network instructions and T&C acceptance
Use the bank account info provided to transfer directly through your bank via the SEPA network
We will notify you once your bank transfer has been successfully deposited

How to deposit EUR?

Upon successful setup of the SEPA bank transfer account, you will see an information page with all the details necessary to transfer EUR from your bank account. This information can be also accessed via the “Transfer” button in your EUR fiat wallet.

Please keep in mind that only SEPA transfers from bank accounts bearing your name will be accepted. The information needed consists of:

Beneficiary name – the legal name you used to register in our app (this must be your full name, as registered in your personal bank account)
IBAN – this is your IBAN.
BIC/SWIFT code – some banks require it to transfer the money
Institution name, address, and country – not all banks require this info, but if they do, please use the details provided here

Note:

Only SEPA transfers from bank accounts bearing your name will be accepted.
No third-party deposits are allowed.

There may be slight differences in the details required by banks, but the information you have here will be sufficient for all of them.

How to purchase crypto with your EUR fiat wallet?

Funds in your EUR Wallet can be used to purchase crypto in the Crypto.com App.

Once the funds are in (you will receive an in-app notification and an email), you can purchase crypto by:

Tap the Buy button on the homepage
Selecting the crypto you wish to buy
Tap on Fiat Wallet
Select EUR

EUR Bank Transfers via SEPA Network on Binance

1. Log in to your Binance account and click [Bank Transfer] – [Buy Crypto]. You will be redirected to the [Buy Crypto with Bank Transfer] page.

2. Enter the amount of fiat currency you would like to spend in EUR.

3. Select [Bank Transfer (SEPA)] as the payment method and click [Continue].

4. Check the details of the order and click [Confirm].

5. You will see your bank details and the instructions to transfer money from your bank account to the Binance account. Funds will usually arrive in 3 working days. Please wait patiently.

6. Upon successful transfer, you may check the history status under [History].

EUR Bank Transfers via SEPA Network on Coinbase

Coinbase supports the following payment methods for European customers in a supported country.

	Best For	Buy	Sell	Add cash	Cash out	Speed
SEPA Transfer	Large amounts, adding cash (EUR), cashing out	✘	✘	✔	✔	1-3 business days
3D Secure Card	Instant crypto purchases	✔	✘	✘	✘	Instant
Instant Card Cashouts	Cashing out	✘	✘	✘	✔	Instant
Sofort	Adding cash (EUR)	✘	✘	✔	✘	Up to 8 business days
PayPal	Cashing out	✘	✘	✘	✔	Instant
Apple Pay*	Instant crypto purchases	✔	✘	✘	✘	Instant
GooglePay	Instant crypto purchases	✔	✘	✘	✘	Instant

EUR Bank Transfers via SEPA Network on CEX.IO

International transfer (can be performed between banks in different countries):

SWIFT (USD/EUR/GBP)

Domestic transfer (payments via local banking systems):

SEPA (EUR only, available in European Union)
Domestic wire (USD only, available in the USA)
Faster Payments (GBP only, available in the UK)

Check our Limits and commissions page to see which of these options is available in your area.

To make a deposit by bank transfer, you need to pass Address verification on CEX.IO. If you haven’t passed Address verification yet, it takes only a few minutes to submit your proof of residence in order to unlock this payment method.

After your application has been checked and approved, you can initiate a wire deposit and transfer your funds.

Initiate bank transfer deposit

Click the Deposit button on the Finance page next to the currency you want to deposit or in the top right corner of any page on the CEX.IO website.

Choose International/Domestic bank transfer
Select the currency to deposit in the upper right corner
Input the amount you’ll send to CEX.IO
Select your bank’s country

5. Click Proceed and you’ll then see payment details for the transfer

We’ll also send this receipt to your email so you can print it and use to transfer funds.

Transfer your funds

To send funds from your bank account to CEX.IO, transfer money online using the information in the receipt provided by CEX.IO or provide this receipt to your banker.

Please note that If you want to make another deposit, generate new payment details on the Deposit page.

Funds should be on your CEX.IO balance in 1 to 3 business days. If you wish to speed up your deposits, send proof of transfer (bank statement or receipt) to wire@cex.io.

Important:

While filling out the bank transfer form, make sure all details are the same as in your receipt. If any fields are different, it may result in a processing error or a delay.
Please note that we can only accept the payment sent from your personal bank account. If the name of the sender is different from the name of the account owner, we won’t be able to process the deposit.
For Corporate accounts: Please note that you can fund your Corporate CEX.IO account only by using your corporate bank account. If you fund a corporate CEX.IO account using your individual bank account, the deposit will not be processed.