BTSE Opens SEPA Transfers

BTSE Opens SEPA With Zero Fee Deposits

BTSE Opens SEPA Transfers

BTSE is pleased to announce it has opened the Single Euro Payments Area (SEPA) payments channel for fiat deposits and withdrawals in euro. It is yet another step by BTSE to help users to trade with lower costs and greater efficiency.

To add further convenience for users from SEPA member countries, BTSE is offering zero fees for euro deposits made through SEPA during the initial period. For euro withdrawals through SEPA, fees start at 0.1% or a minimum of EUR3. (Fees are subject to change, and users will be notified through BTSE’s Telegram channels.)

SEPA for Cheaper, Faster Transfers

Created by the European Union (EU) banking and payments industry, SEPA was introduced in 2008 to harmonize cross-border electronic payments among member countries in Europe. Practically speaking, it serves to facilitate mobile and online payments by and among consumers, businesses, and government agencies through the SEPA system.

The collaborative SEPA initiative ensures the right of all people and entities in the area to transfer euros across borders at the same cost as that of a domestic transaction. It covers a region of 36 countries, including 27 in the EU and nine non-EU countries: the UK, Iceland, Andorra, Switzerland, Vatican City, Liechtenstein, Norway, Monaco, and San Marino.

A Seamless Way Towards Trading

With SEPA, BTSE expands the wallet on-/off-ramps available to users, in addition to credit card top-ups and SWIFT. The service was introduced on the platform in July last year and was later made temporarily unavailable to adapt better to evolving rules under SEPA.

For traders in the member countries, being able to make SEPA transfers means having another seamless, cost-efficient way to fund their accounts so they can respond to the market quickly with their next trade. BTSE is committed to introducing features that serve the needs of users while providing a quality trading experience.

Happy trading!

 

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