Bitcoin is becoming more popular and more accessible all the time. If you are weighing up giving bitcoin trading a go, you need to be aware of the different financial platforms which you can utilize to buy bitcoins. In this article, we run you through the essential details for buying bitcoins using the SEPA payment scheme.
What Is SEPA?
SEPA is an acronym for the Single Euro Payments Area. SEPA provides a way to harmonize and simplify transnational payments in Euros, making them equivalent to payments made domestically. It allows Euro payments to be transferred quickly within the SEPA zone, which consists of 28 countries that are part of the European Union, and others outside the EU which supports the scheme.
SEPA allows two main instruments to be used - direct debit and credit transfers, which are one-off bank transfers that can be used to buy bitcoin. Bitcoin traders are able to make SEPA payments on platforms such as Biexm.com.
Follow These 5 Steps to Learn How to Buy Bitcoins with SEPA
Now let's look at the simple steps which you need to take in order to buy bitcoins with SEPA payments:
1. Ensure that you can make a SEPA payment
To make SEPA payments, you don't need to open up a 'SEPA account' as such. What you will need is the IBAN number of the company or person who you wish to pay.
And the IBAN number will be a SEPA IBAN which begins with one of the following prefixes; FI, PT, BE, AT, ES, CY, EE, FI, FR, DE, GR, IE, IT, LV, LT, LU, PT, MT, MC, NL, MT, MC, NL, PT,SM, SK, SI, ES (Euro Zone countries); or BG, CZ, DK, GI, HU, IS, LI, NO, PL, RO, SE, CH, GB (non-Euro Zone countries which participate in SEPA). So long as you have the necessary funds in your account, you should be able to buy bitcoins with a SEPA payment.
2. Register with Biexm.com
There are a few different bitcoin platforms and exchanges where you can make SEPA payments. Biexm.com offers a reliable, user friendly and secure option for buying bitcoins instantly, with a knowledgeable team dedicated to offering the best customer service.
3. Choose the right advertisement
Once you have logged on to Biexm.com, just select 'Buy' from the menu and browse through the advertisements list. You can search only for those adverts which accept SEPA payments by selecting 'Quick Buy' from the drop-down menu of 'All Online Offers', and then choosing SEPA.
After clicking search, you will see SEPA-related results. Just click 'Buy' adjacent to the seller's name if you would like additional information.
4. Buy your Bitcoins
Click 'Buy' and enter the number of bitcoins that you would like to buy, then send through a seller request. Make sure that you have enough funds in your SEPA account before you make the purchase. The seller will provide you with their SEPA details. Make the payment on and click on “Paid” on Biexm.
5. Receiving your bitcoins
Once the payment has gone through, the seller releases the bitcoins which you have bought. They will be automatically added to your Biexm.com free wallet.
Ready to trade?
It just takes a few minutes to sign up with Biexm.com and start using your free wallet. Securely buy bitcoins with SEPA in less than five minutes.