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Buy Bitcoin and Crypto with SEPA Transfers

Buy Bitcoin and Crypto with SEPA Transfers

Alysha Jane
Fact Checked
Jan 12, 2023

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.

Table of Contents

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.
Uphold - SEPA Transfers
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Audited Proof of Reserves
Audited Proof of Reserves

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:

  1. Sign Up: Create an account on Uphold and complete your verification (personal or company).
  2. Connect Account: Select the currency you want deposit on the Uphold Platform (EUR + 30 more).
  3. Deposit Funds: Connect any European Bank account to deposit Euros via SEPA Transfer.
  4. Buy Crypto: Find the Crypto on Uphold that you want to buy and input your amount to invest, then execute your order!
Deposit Euros (EUR) via SEPA Transfer.
Deposit Euros (EUR) via SEPA Transfer.

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.

SEPA Deposits

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.

Alysha Jane

I am a Finance graduate and market analyst that enjoys researching and writing about digital assets and how they intersect with Macro.

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