Using SEPA transfers to buy Bitcoin and other cryptocurrencies is arguably one of the easiest ways of obtaining crypto, allowing you to benefit from low fees, increased security, and speedy transfers.
Unfortunately, not all cryptocurrency exchanges support SEPA transfers, far from it actually. Also, if you're looking to buy Bitcoin or other cryptocurrencies using SEPA, finding a reliable and secure SEPA crypto exchange is the most important thing. However, finding such an exchange can be difficult due to the constantly changing exchange landscape and regulatory changes, especially if you're new to crypto.
In this article, we'll examine seven of the best SEPA crypto exchanges that allow you to buy Bitcoin with SEPA transfers.
Here’s a quick overview of the best crypto exchanges supporting SEPA transfers in 2023:
In the following sections, we are going to examine the best SEPA cryptocurrency exchanges to buy Bitcoin and other cryptocurrencies.
Binance is the largest cryptocurrency exchange in the world. After a brief hiatus, Binance reopened EUR bank transfers via SEPA in 2022. Binance is a trusted and secure option for SEPA transfers. Keep in mind that you have to register an account and provide the necessary personal information before you can use euro transfers to buy Bitcoin. It is worth noting that Binance is running a promotion where using any of the 13 BTC spot trading pairs costs no maker or taker fees.
KuCoin is one of the leading exchanges in the world, especially among altcoin traders. Its comprehensive offering has earned it a spot on our list of the best crypto exchanges. KuCoin unveiled support for SEPA in May 2023. It charges 1 EUR for SEPA top-up fees, which can take 1 to 2 business days. KuCoin offers SEPA Instant money transfers as well, which are completed nearly instantaneously. The minimum top-up amount is 5 EUR.
Kraken is a well-established crypto exchange that supports SEPA transfers for both deposits and withdrawals. It offers a wide range of cryptocurrencies, including Bitcoin, and provides advanced trading options. Kraken's robust security features and excellent customer support make it a top choice for SEPA transfers. The minimum deposit amount for using SEPA transfers on Kraken is 1 EUR. Kraken charges no deposit fees for sending money via SEPA.
Coinbase is a trusted and reputable cryptocurrency exchange that supports SEPA transfers. It offers a user-friendly interface, advanced trading features, and high liquidity. With Coinbase, you can easily deposit funds through SEPA transfers and start buying Bitcoin and other digital currencies at competitive prices. SEPA bank transfers on Coinbase can take up to 3 business days.
Crypto.com is known for its user-friendly interface, robust security measures, and a comprehensive suite of products and services. Crypto.com supports SEPA Network and allows users to deposit EUR via their bank accounts. In order to enable SEPA transfers, you’ll need to provide your legal name, IBAN, BIC/SWIFT code, and info about the financial institutions you’re going to be using to onboard fiat to your Crypto.com account.
Bitstamp is one of the oldest cryptocurrency exchanges, having been around since 2011. It offers a seamless experience for users who wish to use SEPA transfers to deposit funds. With its strong focus on serving European customers, Bitstamp has become a popular choice for individuals looking to buy Bitcoin and other cryptocurrencies using SEPA transfers. You can deposit any amount up to 100.000 EUR using Instant SEPA, one of the popular types of SEPA transfers.
MEXC allows users to make use of SEPA-powered payment services as long as the Advanced KYC procedure is completed. The maximum single transaction limit for SEPA transfers on MEXC is 20,000 USDT, whereas the daily limit is 22,000 USDT.
To buy Bitcoin with SEPA transfers, follow these step-by-step instructions (keep in mind that the following steps apply not only to Bitcoin but other supported cryptocurrencies as well):
Select a reputable and reliable SEPA crypto exchange that supports SEPA transfers for fiat deposits. Ensure the exchange offers a wide range of cryptocurrencies, competitive fees, robust security measures, and user-friendly features.
Sign up for an account on the chosen SEPA crypto exchange. Provide the required information and complete the necessary verification process, which often includes identity verification to comply with Know Your Customer (KYC) regulations.
To enhance the security of your account, enable two-factor authentication (2FA). This adds an extra layer of protection by requiring a second verification step, typically through a mobile app or SMS.
Navigate to the deposit section of the exchange's platform and select SEPA transfer as your preferred payment method. Follow the instructions provided to initiate the SEPA transfer from your bank account to the exchange.
SEPA transfers usually take one to three business days to complete. Wait for the confirmation that the funds have been successfully deposited into your exchange account.
Once the funds are available in your exchange account, navigate to the trading section and select Bitcoin (BTC) as the cryptocurrency you wish to buy. Specify the amount you want to purchase and execute the trade. You may have the option to place market orders or set specific buy orders based on your trading preferences.
After purchasing Bitcoin, it's essential to transfer your holdings to a secure wallet that you control. Hardware wallets with robust security features are recommended for long-term storage.
SEPA stands for Single Euro Payments Area, a payment integration initiative created by the European Union (EU) to simplify euro-denominated bank transfers. SEPA transfers enable fast, secure, and low-cost electronic fund transfers between bank accounts within the SEPA zone, which consists of 36 European countries, including the 27 EU member states.
SEPA transfers operate on a standardized system that eliminates the need for different domestic payment methods. This simplification streamlines cross-border transactions, making it easier and more efficient to transfer funds between European bank accounts.
Benefits of using SEPA transfers for buying cryptocurrencies:
Investing in Bitcoin using SEPA transfers provides a convenient and efficient method for European users to enter the world of cryptocurrencies. SEPA transfers offer benefits such as speed, low cost, and broad acceptance within the SEPA zone.
By following the step-by-step process outlined in this guide and choosing from the seven recommended SEPA crypto exchanges, you can easily purchase Bitcoin and kickstart your cryptocurrency investment journey.
For additional ways of buying Bitcoin and other cryptos, check our articles on how to use Amex to purchase crypto and how to buy Bitcoin with a gift card. If you prefer contactless payments, check out our guide on using Apple Pay to buy Bitcoin.