Buy Bitcoin with SEPA Transfer

• Published: June 2nd, 2020
• Updated: September 2nd, 2020

Buying Bitcoin with a SEPA transfer is a common method for our European friends.

SEPA (Single Euro Payments Area) is a popular cross border Euro banking option.

At press time, there are 36 countries that are members.

It was created with the goal of reducing the costs of transferring value across Europe. It’s no surprise many cryptocurrency exchanges have adopted it as a method for users to send their funds to and from.

From our research, we’ve concluded the 3 best ways to buy Bitcoin via SEPA transfer are:

Below, we’re going to go more in-depth on our favorite options for purchasing Bitcoin with SEPA transfers.

Let’s jump right into it!

Best Ways to Buy Bitcoin via SEPA


Coinbase (4.5)*

Coinbase Home

Based out of San Francisco, California, Coinbase is considered by many to be the most reputable beginner-friendly exchange. Since 2012, they’ve made it simple for any crypto newbie to buy and sell Bitcoin through their gorgeous user interface.

Supported Payment Methods

Visit Coinbase Read Review

Bitpanda, called by some the Coinbase of Europe, is a popular brokerage that sells Bitcoin, Ethereum, Ripple, and more for US Dollars, Euros, British Pounds, and Swiss Francs. The exchange has several payment methods such as bank transfers, credit cards, debit cards, Skrill, Neteller, and more.

When it comes time to transact on the exchange, Bitpanda charges 1.49% for buys, and 1.29% on sells making them an extremely competitive option.


Kraken is another popular exchange based in the United States that's been around since 2011. When it comes to currencies, Kraken supports dozens of cryptocurrencies and fiat currencies such as USD, GBP, and EUR.

Fees on the exchange can range from 0%-.26% depending on the type of order and your trading volume. For funding options, Kraken offers deposits in USD (FedWire), EUR (SEPA), and CAD(Wire & EFT).

Visit Kraken Read Review

Frequently Asked Questions

What are the advantages of buying Bitcoin via SEPA?

SEPA transfers are absolutely great for purchasing Bitcoin at the lowest price possible. They fall under the category of bank transactions which means their total fees are around 1%-1.5%.

This is pretty good compared to using a credit or debit card which can have anywhere from a 4% fee to a 7% one!

Other than that, there are not too many differences in which payment method you decide to use.

What are the disadvantages of buying Bitcoin via SEPA?

The only disadvantages involved with SEPA are that the funds may take a few days to reach your account. You’ll still be able to buy Bitcoin and lock in your price, but you’ll not be able to move Bitcoin off the exchange until the funds arrive.

The only other possible disadvantage is that you are linking a bank account and any transactions in this are typically irreversible in the event of a hack or some sort of identity theft.

We’ve yet to see something like this happen in the cryptocurrency exchange world but it is something to think about.

What is the fastest way to buy Bitcoin via SEPA?

Out of the three options we mentioned, all of their limiting factors on delivery speed are the time to verification. They are all relatively quick (typically 1 hour), so other than that you’re just waiting on the funds to arrive through the SEPA system.

One thing to note is that even though many of these exchanges will need for the funds to arrive to take Bitcoins off the exchange, they will give you credit to buy Bitcoin instantly.


Now that you have some background on your different options for purchasing Bitcoin with a SEPA transfer, and the advantages and disadvantages of the method, you should be ready to buy your first Bitcoin.

If you have any questions please leave us a comment and we’ll get back to you as soon as we can!

Austin Tuwiner Administrator
Austin is the owner of Bitpremier, and got involved in Bitcoin in 2012. After working as a cryptocurrency journalist and and at several blockchain startups, he decided to start Bitpremier and educate the world on Bitcoin.
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