Coinmama customers in most European countries can now buy and sell cryptocurrency using a SEPA bank transfer.
SEPA bank transfers can be made to and from bank accounts in the Single Euro Payment Area, consisting of the following thirty-seven countries:
- Czech Republic
- San Marino
- United Kingdom
- Vatican City
Why use a SEPA bank transfer?
SEPA bank transfers provide users with higher transaction limits and lower fees. In addition, unlike credit and debit card payments which carry an additional processing fee, Coinmama does not add a processing fee for SEPA transfers. Your bank may charge a processing fee, so always check with them before placing an order.
Limitations of SEPA
SEPA bank transfers usually take 1-2 business days to go through, and Coinmama cannot lock the cryptocurrency rate on bank transfers until the funds have been received. If you're buying cryptocurrency and need your coins immediately or want to guarantee your rate, you should make your purchase with a credit or debit card.
Customers selling cryptocurrency can only do so with SEPA at this time.