Is SEPA Crypto-Friendly?

SEPA (Single Euro Payments Area) is a payment or transfer system that facilitates the free and secure transfers of money between banks within the EU. The payments network is crypto-friendly and does not freeze or restrict deposits in any way. This makes it a great choice for investors who want to buy crypto with Euros (EUR).

How to Buy Crypto with SEPA Transfer

The best way to buy Bitcoin and digital assets with a SEPA Transfer is through a regulated broker in Europe that holds licenses from the Financial Conduct Authority (FCA) and CySEC.  Here’s how to get started with our recommended platform, Uphold:

  1. Sign up to Uphold with your email address and complete the verification requirements.
  2. Select 'Euros' to deposit EUR via SEPA Transfer using a unique IBAN number.
  3. Wait 1-3 days for the deposit to land in your account.
  4. Find the cryptocurrency you want to buy and execute your trade.
Deposit Euros with a SEPA Transfer.

What are the fees to deposit funds with SEPA?

Depositing Euros (EUR) with the SEPA (Single Euro Payments Area) payment method is completely free on Uphold. This includes EUR withdrawals.  The only fees you may have to pay is the spread between the bid and ask prices for a particular cryptocurrency pair.  Uphold does not charge any other additional fees or commissions on trades.

Are SEPA Transfers Safe?

SEPA transfers are one of the safest methods of buying, selling and transferring Bitcoin and cryptocurrencies in Europe. Uphold is licensed and regulated by the FCA, CySEC and ESMA. This ensures that your money is kept safe in segregated accounts, which are protected up to €20,000 if the company ever becomes insolvent. All transactions on Uphold are additionally encrypted with SSL technology for added security.

Final Thoughts

SEPA transfers are an easy and free way to buy Bitcoin and digital assets in Europe. With Uphold, investors can securely deposit Euro (EUR) from any bank account with a unique IBAN number and start trading over 250 cryptocurrencies with no fees. Moreover, their platform is licensed and highly regulated for customer safety and security.