SEPA transfer is an international payment portal that European crypto users can leverage to buy crypto safely and cost-effectively. Traders who opt for SEPA transfer buy crypto without incurring transaction fees and enjoy the protection of a traditional bank.
If you want to know how to buy crypto with ComDirect Banks through the SEPA portal, you’re in the right place.
Keep reading for a step-by-step guide on buying crypto using ComDirect Banks via SEPA transfer on BitGet and Bitvavo.
The short answer is yes. Many cryptocurrency exchanges that value the security of their users partner with third-party payment platforms to provide safe portals for buying crypto through bank transfers or credit/debit cards.
SEPA (Single Euro Payments Area) is one of the many options available to crypto buyers. Through this system, users can buy cryptocurrencies by making a bank transfer from their bank account to an exchange.
In this article, we’ll work you through the steps for buying crypto using ComDirect Bank on BitGet and BitVavo.
BitGet allows users to buy crypto using a wide variety of payment methods such as Credit/Debit cards, Google Pay, SEPA, and more. Deposits made using SEPA bank transfer do not attract any fees and are processed deposits within 2 days.
Before you can start your crypto-trading journey on BitGet, you have to sign up on the exchange. If you already have an account with BitGet, you can skip to the next step.
Visit the official site at www.BitGet.com.
Beware cyber criminals who create fake websites with similar but incorrect domain names to deceive users. So, ensure you entered the correct domain name to avoid getting spoofed.
Once you arrive at the homepage, click the sign-up button at the top-right side of the screen.
You’ll be taken to a sign-up form where you are required to input your email and password for registration. After filling out the form, agree to the terms and conditions and click the signup button.
Alternatively, you can sign up with a Google account. To use this method, click the Google icon in the “or log in with” section at the bottom of the registration form.
Congratulations! You have created an account with BitGet!
However, you still have to do one more thing before you can buy some crypto. In compliance with regulations, crypto exchanges have to verify the identity of their customers to curb money laundering as well as other unethical uses of crypto.
On the homepage, you’ll see a message at the center of the screen asking you to verify. Click “Verify” to initiate the process.
After you arrive at the verification page, You’ll be asked to upload a photo of a government-issued ID card and take a selfie..
BitGet reviews your information within 60 minutes. If everything checks, they unlock access to all the features on the exchange including fiat deposits.
Return to the Bitget dashboard/homepage and hover on the “Buy Crypto” button at the left side of the menu (right beside the Bitget logo).
A drop-down menu rolls out which lists the different payment options. Select “third-party” from the list.
You’ll find yourself on the third-party payment page. At this point, you’re only three steps away from owning new crypto.
i. Enter the amount of crypto you’d like to deposit and change the currency to EUR. Next, click the drop-down menu to specify which crypto you wish to receive. You’ll see the available options.
ii. Select SEPA as your payment method.
iii. In the third section, you’ll see the equivalent amount of crypto you’re about to exchange for fiat currency. Agree to the terms and conditions and click “Next.”
Send the specified amount of money from your ComDirect Bank app to the platform using the payee information provided.
Once you confirm the payment, the newly bought crypto will appear in your Bitget balance.
Like BitGet, you have to create an account and verify your identity to buy crypto with ComDirect bank on BitVavo.
Go to Bitvavo.com and click the signup button to register with the exchange.
Fill in your personal information and verify your email address to complete the registration. When that’s out of the way, Bitvavo will prompt you to begin the identity verification process.
They’ll ask you a few questions and demand a government-issued document to be compared to a live video for reference.
After Bitvavo review and confirm your identity, you can start trading with the platform.
Select deposit on the homepage.
Agree to verify your bank account. This pop-up window only appears the first time you initiate a deposit with your bank account.
Next, select SEPA in the list of payment methods.
Enter the amount you wish to deposit (It mustn’t be lower than a Euro) and click continue.
Scan the given barcode in your ComDirect Bank app or enter the exact details provided by Bitvavo, and initiate a transfer.
After making the transfer, the deposited funds will reflect on the dashboard. You can now buy any cryptocurrency of your choice.
Use the search bar or select a cryptocurrency from the featured list on the dashboard.
Click the buy button at the bottom of the selected asset.
Commerz Bank is a leading credit institution in Germany, headquartered in the banking district of Frankfurt. As of September 2022, the bank was known to manage over 534 billion euros worth of assets and serves more than 50 countries around the globe.
For traders who fancy a simple, safe, and transfer-cost-free way to buy crypto, SEPA-integrated exchanges like Bitget and BitVavo offer a convenient solution.