How to Buy Crypto with SEPA

Can I Buy Bitcoin with SEPA?

Yes, you can buy Bitcoin through SEPA transfers. It’s a simple way to move funds directly from your bank account to a European crypto exchange. Once the transfer clears, you’re free to buy Bitcoin, Ethereum, or any other crypto. Banks don’t handle crypto themselves, but they support SEPA transfers, which makes funding your account pretty straightforward.

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How to Buy Crypto with SEPA

Investors can buy crypto assets using SEPA transfers through regulated exchanges like Bybit. Bybit, trusted by over 50 million users, supports SEPA deposits from any European bank. It’s a convenient way to fund your account with Euros (EUR) and access over 1,400 digital assets.

Here’s how to buy crypto with SEPA on Bybit:

1. Create an Account on Bybit: Sign up to Bybit and complete your identity verification.
2. Deposit Euros via SEPA: Go to the ‘Buy Crypto’ section, select EUR as your currency, and choose SEPA as your deposit method.
3. Choose Your Cryptocurrency: Once your funds are deposited, select from over 1,400 available cryptocurrencies, including Bitcoin and Ethereum.
4. Complete the Purchase: Enter the amount you want to invest, review the transaction, and confirm your purchase.

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What are the Fees?

Fees for purchasing crypto via SEPA transfers vary depending on the exchange you use. Trading fees typically range from 0.1% to 2%, so it's essential to review the fee structure of each platform.

Bybit, for example, offers competitive fees with a 0.1% trading fee and no extra charges for SEPA deposits. In contrast, other exchanges like Coinbase may charge up to 2%, which can impact your overall costs over time. 

Always check the fee breakdown of your selected exchange to stay informed and avoid hidden charges.

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SEPA Cryptocurrency Policy

SEPA (Single Euro Payments Area) is widely used for transferring funds to cryptocurrency exchanges across Europe. However, the policy regarding SEPA transfers for crypto purchases depends on your specific bank.

Many European banks support exchanges regulated under the Markets in Crypto Assets Regulation (MiCAR), overseen by the European Securities and Markets Authority (ESMA). This ensures that your funds are sent to compliant exchanges that follow strict anti-money laundering (AML) and counter-terrorism financing (CTF) rules.

It’s a good idea to check your bank’s policy on crypto-related transfers before initiating any transactions to avoid potential issues.

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Bottom Line

SEPA transfers offer a quick and secure way to buy Bitcoin on exchanges like Bybit. With low fees and support from most European banks, it’s an easy way to fund your account in Euros and stay within regulatory bounds. 

Just double-check the exchange fees and make sure your bank is on board with crypto transactions to avoid any surprises.