In page navigation
- 1. How to buy Bitcoin with SEPA transfer in 2023
- 2. How to buy Bitcoin with SEPA transfer – a step-by-step guide
- 3. Top Bitcoin platforms that accept SEPA transfer
- 4. Quick answers to key questions
- 5. Should I buy Bitcoin using SEPA transfer?
- 6. Is there an alternative to buying cryptocurrency with SEPA transfer?
- 7. FAQs
How to buy Bitcoin with SEPA transfer in 2023
Invezz is an independent platform with the goal of helping users achieve financial freedom. In order to fund our work, we partner with advertisers who compensate us for users that Invezz refers to their services. While our reviews and assessments of each product on the site are independent and unbiased, brands may pay to appear higher up our table rankings or place ads in specific areas of the site. The order in which products and services appear on Invezz does not represent an endorsement from us, and please be aware that there may be other platforms available to you than the products and services that appear on our website. Read more about how we make money >
77% of retail CFD accounts lose money.
Firstly, the most important question to answer is: can I buy Bitcoin with SEPA transfer?
No, SEPA transfer doesn’t allow you to purchase cryptocurrency. However, you can use SEPA transfer to fund a trading account and buy Bitcoin that way.
You just need a crypto exchange that accepts SEPA transfer deposits. And we’re here to help.
How to buy Bitcoin with SEPA transfer – a step-by-step guide
It takes about 15 minutes to buy BTC with SEPA transfer. Have a copy of your photo ID to hand and follow this guide to get started.
Step 1. Sign up with eToro .
We recommend eToro as the best platform to use to buy BTC with SEPA transfer.
Step 2. Create an account.
You need an account before you can buy anything. Sign up with your contact details and a form of ID for verification.
Step 3. Make a deposit via SEPA transfer.
Enter how much you want to deposit and select SEPA transfer as your payment method from the list of options.
Step 4. Use the search box to find Bitcoin.
Use the search box on the home page to search for Bitcoin and the currency you want to pay in (such as GBP).
Step 5. Make your purchase.
Enter how much Bitcoin you want to buy, check the details and process the transaction. Once the payment goes through, your new Bitcoin will show up in your exchange account.
Top Bitcoin platforms that accept SEPA transfer
1. eToro. Best for beginners, copy-trading & demo-account
1500
No. assets
$10
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.
As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.
The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.
77% of retail CFD accounts lose money.
2. Public. Best for sharing beginner trading ideas
...
No. assets
...
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.
Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.
The fees: Cryptocurrency trades are charged a 2.5% fee per transaction.
3. Bitstamp. Best for professionals & trading with APIs
1
No. assets
...
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love Bitstamp because it has a proud reputation for top performance over more than decade. Bitstamp offers trading on 75+ cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, while staking is available on Ethereum and Algorand.
Bitstamp was one of the first crypto platforms to set up shop in 2011 and has built up trust since. It’s designed with institutional traders in mind, so it prides itself on near 100% uptime. It stores 95% of assets in cold storage and offers a sliding scale of fees so that high volume traders get the best rates.
The fees: There are no trading fees if you trade less than $1,000 in a rolling 30-day period. Above that, fees start from 0.4% and decline the higher your trading volume is. There is a 15% charge for staking. Withdrawals are charged a flat €3 fee.
Quick answers to key questions
Can I buy crypto with SEPA transfer?
Yes, you aren’t limited to buying Bitcoin alone. The only limit is which coins are available on the exchange you’ve chosen. Most crypto exchanges that support SEPA transfer as a payment method offer 50+ cryptocurrencies and many offer hundreds more.
Is SEPA transfer safe?
Yes, it’s completely safe to use SEPA transfer. The only risk to look out for is to make sure you sign up to a regulated SEPA transfer Bitcoin broker when buying Bitcoin. Using an unregulated broker platform can put your money at risk.
How much does it cost to buy Bitcoin via SEPA transfer?
The cost of buying Bitcoin via SEPA transfer varies depending on the exchange or brokerage you use. However, most platforms charge a fee of 0.5% to 1% of the transaction amount. This means that if you buy £100 worth of Bitcoin, you will pay £0.50 to £1.00 in fees.
Can I store Bitcoin in/on my SEPA transfer account?
No, SEPA transfer is a payment processing service so you won’t be able to store Bitcoin on it. You can store your Bitcoin in two main ways: Keep it on the exchange you used to buy it, or use a dedicated Bitcoin wallet.
Why don’t more crypto platforms support SEPA transfer?
Many do and you’ll usually be able to make transfers using SEPA with all of the biggest crypto exchanges or brokerages. However, some only let you make deposits or withdrawals using methods such as debit or credit cards.
Should I buy Bitcoin using SEPA transfer?
If you are looking for a low-cost way to buy Bitcoin, then SEPA transfer may be a good option for you. It’s a widely accepted payment method and lets you transfer funds to your crypto exchange or brokerage account easily and securely. SEPA transfer transactions are generally slow and can processing times compared to traditional payment methods may be longer.
Pros
- SEPA transfers are usually cheaper than traditional payment methods
- Security when using SEPA transfer is good
- SEPA transfers are convenient
Cons
Is there an alternative to buying cryptocurrency with SEPA transfer?
There are plenty of alternatives, whether you want to pay through an online payment provider or go down a more traditional route. Here are some of the different ways to pay for your Bitcoin purchase.
- Buy Bitcoin with Afterpay
- Buy Bitcoin with American Express
- Buy Bitcoin with Apple Pay
- Buy Bitcoin with bank transfer
- Buy Bitcoin with cash
- Buy Bitcoin with Cash App
- Buy Bitcoin with Discover Card
- Buy Bitcoin with gift card
- Buy Bitcoin with Google Pay
- Buy Bitcoin with Neteller
- Buy Bitcoin with Netspend
- Buy Bitcoin with Payoneer
- Buy Bitcoin with PayPal
- Buy Bitcoin with Paysafecard
- Buy Bitcoin with Paytm Wallet
- Buy Bitcoin with Revolut
- Buy Bitcoin with Skrill
- Buy Bitcoin with Swish
- Buy Bitcoin with Venmo
- Buy Bitcoin with Western Union
- Buy Bitcoin with Zelle
- Buy Bitcoin with Zippay
FAQs
More ways to buy cryptocurrency
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >