Summary: The best way to buy cryptocurrencies like Bitcoin and Ethereum with a SEPA direct debit is through a regulated exchange in Europe. With this method, investors can safely connect their European bank account to deposit Euros (EUR) with a SEPA Transfer.
Our top pick for European investors is Uphold. Their platform offers fast and cheap SEPA deposits to trade 200+ cryptocurrencies with low fees and tight spreads. The Uphold exchange is safe & regulated throughout Europe, and is licensed by top financial authorities including the FCA & CySEC.
Best Crypto Exchange for SEPA Transfers.
Platform Highlights
- Trade 220+ Cryptos with Fast & Cheap Euro (EUR) deposits from all European Banks via SEPA Transfer.
- Licensed and Regulated in Europe with an Audited Proof-of-Reserves of customer funds.
- Offers multiple asset classes including Crypto (and Crypto Staking), Stocks, ETFs, Metals, Currencies and more.
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 transfers are electronic bank transfers within the SEPA system, a payment integration initiative of the European Union that aims to standardize and simplify bank transfers within the EEA. They are low or no fee and usually processed within 1-2 business days. To make a SEPA transfer, you need a bank account with a SEPA bank and the recipient's name, address, IBAN, and BIC. SEPA transfers are only available for countries within the EEA. For transfers outside the EEA, you will need to use a different method.
Final Thoughts
In conclusion, SEPA transfers are a cost-effective and convenient way to transfer money within the EEA. When buying cryptocurrencies, we suggest using a regulated exchange like Uphold, which offers fast and low-cost SEPA transfers with 0% deposit fees. Uphold is licensed throughout Europe and allows investors to easily purchase over 200 cryptocurrencies using SEPA transfers, as well as other payment methods such as credit/debit card and bank transfers.
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I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.