Best places to buy bitcoin with bank wire transfer

We found 17 cryptocurrency marketplaces that accept payment via SEPA or SWIFT.

Bitpanda

Country
Austria
Ease of Use
Excellent
Verification
< 1 Hour
Fees
Medium

Formerly known as Coinimal, Austrian broker Bitpanda is a popular European alternative to Coinbase offering many payment options to buy more established cryptocurrencies. The online video verification process takes a couple of minutes and requires a government-issued ID.

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$6,295.93

price for 1

Includes 1.49% buying or 1.29% selling fee. Additional rates for payment methods:

  €0
  ~ €2
    2%
  2%
  3.6%
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+2.4% more than best price

GDAX

Country
United States
Ease of Use
Average
Verification
< 1 Hour
Fees
Low

GDAX is Coinbase's digital currency exchange that has been in operation as a stand-alone product since 2016. GDAX charges lower fees than Coinbase but is harder to use. The account verification process is identical to Coinbase's.

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$6,190.45

price for 1

Price includes 0.25% taker/maker fee. Depending on volume and trade type this fee might be lower. Additional fees for payment methods:

  €0.15 (pay out: €0.15)
  $10 (pay out: $25)

 

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+0.7% more than best price

Bitstamp

Country
Luxembourg
Ease of Use
Average
Verification
> 1 Week
Fees
Low

BitStamp is the first licensed cryptocurrency exchange in the EU. Verification is usually completed within a few hours and requires the upload of an ID card and proof of residence.

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$6,199.09

price for 1

Includes trading fee of 0.25%. Depending on volume, the fee might be lower. Fees for payment methods:

  €0 (pay out: €0.90)
 

0.05% (minimum fee €7.50)
pay out: 0.09% (minimum fee €15.00)

  5%
  5%
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+0.9% more than best price

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What are the different types of bank transfers?

SWIFT is a global standard for sending payment instructions and messages. Global bank transfers rely on the SWIFT network to transfer payment instructions such as bank transfers. SEPA is an European standard for bank transfers denominated in Euro. SEPA improves money transfer time, reduces fees, and facilitates money transfers through uniform bank account numbers.

Advantages of buying cryptocurrencies with SEPA or SWIFT

SEPA euro transfers and SWIFT bank transfers are usually the lowest cost way to transfer money. Therefore, several exchanges offer a free or low-cost deposit using bank transfer. SEPA or SWIFT are very often the only payout method if you want to sell cryptocurrencies.

Disadvantages of buying cryptocurrencies with SEPA or SWIFT

Bank transfers using SEPA usually require up to three business days to settle. SWIFT payments can require even more time to settle. Considering the high volatility of cryptocurrency assets, this can lead in significant price changes of the coins you want to purchase.

Which cryptocurrencies can I buy with SEPA or SWIFT?

With SEPA and SWIFT you can buy the following cryptocurrencies: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Dash, Monero. Please check our exchange and broker detail pages to learn more.