Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Beginner's guide
Why SEPA is Important for Fiat OnRamp

Why SEPA is Important for Fiat OnRamp

Beginner
2023-02-10 | 5m

Introduction

SEPA stands for Single Euro Payments Area. It is a framework of the European Central Bank (ECB) to enable customers to make cashless euro payments – via credit transfer and direct debit – to anywhere in the European Union, as well as a number of non-EU countries, in a fast, safe and efficient way - just like national payments. This way SEPA aims to harmonise and accelerate payments across the EU/EEA regions.

SEPA in Crypto

In essence, SEPA basically operates as a domestic wire transfer for EUR. In this vein, crypto exchange platforms can integrate SEPA into their fiat infrastructure which will allow customers across countries in Europe to make fiat deposits in EUR.

Advantages of SEPA in Crypto

  1. Asides from the EUR deposit, SEPA also allows customers to make seamless withdrawals back to their bank accounts

  2. There are currently 36 countries that participate in the SEPA framework - this gives crypto exchange and users the channel to integrate payment in these countries

  3. SEPA enables and facilitates fast and instant payment

  4. Crypto exchanges can earn fees from the SEPA transactions

  5. One of the more underrated functions of SEPA is the ease of transactions to make EUR deposits and withdrawals

How to make SEPA Deposits and Withdrawals

How to make a SEPA deposit: Here

How to make a SEPA withdrawal: Here

Share
link_icon
How to sell PIBitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
We offer all of your favorite coins!
Buy, hold, and sell popular cryptocurrencies such as BTC, ETH, SOL, DOGE, SHIB, PEPE, the list goes on. Register and trade to receive a 6200 USDT new user gift package!
Trade now