How to Buy Crypto with a SEPA Deposit
Buying cryptocurrencies with a SEPA transfer is a simple process when using a trusted and secure exchange. We recommend the Uphold platform over alternatives like eToro or Coinbase because they offer significantly cheaper SEPA transfers and are the only exchange in Europe to provide real-time audited proof of reserves, making them the safest option.
Here is a simple step-by-step guide on how to buy digital assets with SEPA at Uphold:
- Sign Up: Create an account on Uphold and complete your verification (personal or company).
- Connect Account: Select the currency you want deposit on the Uphold Platform (EUR + 30 more).
- Deposit Funds: Connect any European Bank account to deposit Euros via SEPA Transfer.
- Buy Crypto: Find the Crypto on Uphold that you want to buy and input your amount to invest, then execute your order!

What are the SEPA Transfer Fees to buy Crypto?
The SEPA deposit fees onto cryptocurrency exchanges will vary depending on the platform you use. Fortunately for investors, SEPA transfer fees on the Uphold platform are the cheapest in Europe with 0% deposit fees. This is significantly cheaper than alternatives like eToro who charge up to $20 and have expensive platform trading fees.
What are SEPA Transfers
SEPA (Single Euro Payments Area) transfers are electronic bank transfers that allow you to send or receive money within the countries that are part of the SEPA system. The SEPA system is a payment integration initiative of the European Union that aims to standardize and simplify bank transfers within the European Economic Area (EEA).
SEPA transfers are an easy and convenient way to make or receive payments within the SEPA countries. They work similarly to domestic bank transfers and are usually processed within one or two business days. One of the main benefits of SEPA transfers is that they offer low or no fees for most transactions, making them a cost-effective option for transferring money within the EEA.

To make a SEPA transfer, you need to have a bank account with a bank that is part of the SEPA system and you will need to provide the following information:
- The name and address of the recipient
- The recipient's IBAN (International Bank Account Number)
- The recipient's BIC (Business Identifier Code)
- The purpose of the payment (optional)
It is important to note that SEPA transfers are only available for countries within the EEA. If you want to make a transfer to a country outside of the EEA, you will need to use a different method, such as a wire transfer or an international money transfer service.
Final Thoughts
SEPA transfers are one of the most convenient and cost-effective ways to transfer money within the EEA. When buying cryptocurrencies, we recommend using a regulated exchange like Uphold that is safe & licensed throughout Europe to make SEPA deposits.
Uphold offers fast and cheap SEPA transfers with 0% deposit fees so investors can get the most out of their money. With Uphold, you can easily buy 200+ cryptocurrencies with a SEPA transfer or other payment methods including credit/debit card and bank transfers.