Best Websites to purchase Bitcoin by using SEPA transfer
SEPA or “Single Euro Payments Area” is a wire transfer designed for people that want to transfer money to banks that are located in Europe. This means that when your country is not available for SWIFT transfers, you use SEPA as this is focused in the EU region. When it comes to Bitcoin exchange, this means that not all websites would accept SEPA transfers from your EU bank account as they need to have a bank that would allow you to make that transfer possible.
Websites that support SEPA exchange for Bitcoin
These are the websites that support SEPA trades. As you might have noticed we have two big EU names in the list, that would be Kraken and Bistamp. These are websites that are widely used by the EU Bitcoin audience due to their support of SEPA transactions. Aside from these exchanges, we have our trading platforms that support SEPA as well.
Convenience through SEPA accepting websites
One of the reasons why people would look for websites that accept SEPA trades would be the fact that they are living in Europe. Did you know that not all exchange websites accept SEPA transfers when it comes to purchasing Bitcoins? If you’re from Europe and you want to purchase Bitcoin, then knowing where to go would be of great help! Below is information regarding SEPA trades between Kraken and Bitsamp.
Bitstamp SEPA fees
- Deposits through SEPA transactions are free of charge
- Withdrawal through SEPA is charged a fixed rate of €0.90 fee once the funds are converted to EUR
- Minimum amount for a SEPA withdrawal is $10.00 or equivalent
- SEPA transfers take 2-3 business days until it is credited to your Bitstamp account
Kraken SEPA fees
- SEPA deposits are free
- SEPA deposits takes 1-5 business days to reflect into your Kraken account
- SEPA withdrawal fee is only €0.09
- Pro-EU traders
- Respectable/trusted exchanges where you can use SEPA transfers
- High Fees
- Trade with sellers using SEPA
Looking for SEPA capable websites before you try and purchase Bitcoin would be the best thing to do. There’s nothing like finding a website where you can purchase Bitcoins with ease and without thinking about the transaction itself. The beauty about looking for the best website for your transaction is that you can sleep at night knowing that after a couple of days, your balance would appear on your wallet.
SEPA transactions are of course focused in the EU region and would benefit them the most when it comes to buying Bitcoin through their banks. There is an interesting post regarding a couple of SEPA deposits which you can find here.
Quick tip: Always separate your savings account from your Bitcoin active account. This is not specific to SEPA transactions but to different transactions that include your bank. Having a separate account would save you from having to deal with frozen accounts and whatnot when a transaction goes south.