How to buy Bitcoin (BTC) with SEPA or Open Banking

The demand for Bitcoin continues to grow as more people and businesses see the full potential of cryptocurrencies. If you are in Europe or any SEPA-enabled region, you are in luck because buying Bitcoin through SEPA (Single Euro Payments Area) or Open Banking is one of the easiest, quickest, cheapest and most secure ways to buy Bitcoin in Poland.

In this guide, we will show you the exact steps you can take to buy Bitcoin with SEPA or Open banking.

Why Choose SEPA or Open Banking for Buying Bitcoin?

Before we jump into how exactly this process works, let's take a moment to address why several customers prefer SEPA and Open Banking in their crypto-purchasing journeys.

• Low fees: Unlike paying by credit/debit card, SEPA transfers can be low or have zero fees.

• Speed of Payment: Payments made with SEPA will settle within 24 hours, especially if you are using SEPA Instant.

• Higher Purchase Limits: You can usually pay larger amounts when compared to card-based methods.

• Secure and Regulated: Both SEPA and Open Banking are very regulated frameworks that offer much more trust and transparency than paying via other methods.

Now let’s get into the concrete steps of buying bitcoin using SEPA or Open Banking with Rampnow.

Steps on How to Buy Bitcoin with SEPA or Open Banking

#Step 1: Purchase your Bitcoin on the Platform

Visit the Rampnow platform and initiate your order. Enter the amount you would like to spend in EUR. If you were to enter 100 EUR, Rampnow would automatically calculate the approximate amount of bitcoin you would receive and display it for you.

Next, the dashboard shows you how much Bitcoin you will get, along with an entire breakdown of the fees. The platform fee and network fee are displayed upfront, so you are aware of everything before proceeding to payment.

#Step 2: Select Your Payment Type

At Rampnow, there are two very convenient ways to pay; either via Bank Transfer (SEPA) or Open Banking.

Option 1: Bank Transfer via SEPA

If you select SEPA, you will receive the bank details to do a manual transfer from a banking app or your online banking portal. All you need to do is select the provided IBAN from the bank account, enter the given beneficiary details, and send the provided amount (in EUR) to Rampnow.

Some of the big advantages of using a SEPA to buy Bitcoin are:

• Widespread availability across Europe.

• Very simple and low transaction fee.

• Clear fees and no hidden conversion charges.

• You can be confident due to banking standards and trust across Europe.

Option 2: Open Banking

Open Banking makes it even easier; Rampnow secures the connection with your bank account for you to make the payment inside of your bank app (and authorize it) without having to enter anything manually.

The benefits of using Open Banking to buy Bitcoin are:

• Instant payments in most cases.

• No manual entry errors.

• Highly secure, fully regulated access to your banking platform.

#Step 3: Transfer Funds

There are various SEPA transfer types, each designed for different payment scenarios:

• SEPA Credit Transfer: Best for standard payments, typically completing in 1–2 business days.

• SEPA Instant Credit Transfer: Perfect for urgent transfers i.e. funds to arrive within seconds, even on weekends.

• SEPA Direct Debit: Great for recurring payments like subscriptions or bills, though it usually takes 2–3 days to process.

After verification and selecting a payment method, you will progress to transferring your funds:

• If you opted for SEPA bank transfer, you will transfer the funds directly using the bank details provided.

• If you opted for Open Banking, you can approve the payment directly in your bank app.

With these steps, you can successfully use SEPA or Open Banking to buy Bitcoin with confidence.

Important Checks Before You Buy Bitcoin

There are many fees associated with Bitcoin purchases, so always review the fee structure before you make your purchase, as both the Platform Fee and Network Fee will be displayed to you upfront.

Choose a trusted platform offering the strongest security practices, such as 2FA. Before you purchase Bitcoin via SEPA payment, affirm your identity through a small verification process that provides your ID and a selfie for KYC purposes, to keep your account secure.

Why is Rampnow the Best Choice for Bitcoin Purchases via SEPA?

Rampnow offers the most advantages with SEPA and Open Banking.

• Clear and visible fees.

• No additional hidden network fees to buy BTC.

• A seamless payment experience with payment tracking in real-time.

• Top-quality customer support.

As a new buyer or an experienced crypto investor, you will find that it is easy to buy Bitcoin with

SEPA is using Rampnow.

Start Your Bitcoin Journey Today with SEPA or Open Banking

Purchasing Bitcoin doesn't have to be difficult. Thanks to SEPA and Open Banking, you can securely use your money to fund your purchase and receive your BTC promptly.

Rampnow's platform is user-friendly and has full transparency on exchange rates, fees, and transaction status. If you're ready to buy Bitcoin today, SEPA and Open Banking are among the best methods available for European users.

For Quick overview :  

FAQs

1. Can I buy Bitcoin with SEPA if I’m a first-time user?

Yes, SEPA allows a simple and secure way for first-time users to buy Bitcoin upon completing basic identity verification.

2. Is Open Banking safe to use for buying Bitcoin?

Yes, Open Banking is very secure and regulated and allows you to send instant payment from your bank account.

3. Should I have a wallet before purchasing Bitcoin?

Yes, since we operate as an off-ramp, you will need to use your own wallet address to receive your Bitcoin once payment has been completed.