Best ways to buy Crypto with Raiffeisen Bank
When considering the acquisition of cryptocurrencies through Raiffeisen Bank, you are presented with two viable options: Bitget and Bitvavo. These platforms have established themselves as reputable and reliable avenues for crypto transactions, seamlessly supporting SEPA transfers and Giropayy from Raiffeisen Bank. Below, we outline the steps to initiate cryptocurrency purchases on each of these platforms. Bitget is best for cheap SEPA transfers. Bitvavo offers SEPA transfers as well as Giropay.
1. Buy Cryptos with Raiffeisen on Bitget
Bitget is a crypto trading platform that supports Bitcoin, Ethereum, and over 500 altcoins. You can buy cryptos with Euros on Bitget using SEPA transfers from Raiffeisen Bank. Here are the quick steps to guide you through the process
Step 1: Create an Account on Bitget
Register an account on Bitget by providing your email or mobile number and creating a password. You can also use the referral code of a friend to get some rewards.
Step 2: KYC Verification
Verify your identity by uploading a photo of your ID card, passport, or driver’s license. You also need to complete a facial verification process.
Step 3: Select the Deposit Option
Go to the “Buy Crypto” tab and click on “Bank Deposit”. Choose “EUR” as the currency and “SEPA” as the payment method. You will see the bank details of Bitget’s partner, Epay. Copy the IBAN, BIC, and reference number.
Step 4: Log in to your Banking Account
Log in to your Raiffeisen Bank online banking account and initiate a SEPA transfer to the Epay account. Enter the amount you want to deposit, the IBAN, BIC, and the reference number of Epay.
Step 5: Confirm the Transaction
Confirm the transaction and wait for the confirmation email from Bitget. Once your deposit is credited to your Bitget account, you can go to the “Buy Crypto” tab and choose the crypto you want. You can also use the “Spot” or “Futures” tabs to trade crypto with other users.
2. Buy Cryptos with Raiffeisen on Bitvavo
Bitvavo is one of Europe’s leading crypto exchanges. It supports EUR fiat pairs and over 200 digital assets. Using SEPA transfers from Raiffeisen Bank, you can buy cryptos with Euros on Bitvavo. Here are the quick steps to do it:
Step 1: Sign up on Bitvavo
Register an account on Bitvavo by providing your email and creating a password. Verify your identity by uploading a photo of your ID card, passport, or driver’s license. You also need to verify your phone number and bank account.
Step 2: Choose the Deposit Option
Go to the “Deposit” tab and choose “EUR” as the currency and “SEPA” as the payment method. Enter the amount you want to deposit and click “Continue.” You will be redirected to the SEPA payment page, where you can enter your Raiffeisen Bank account details and confirm the transaction.
Once you complete the deposit, you can go to the “Buy” tab and choose the crypto you want to buy. You can also trade crypto with other users using the “Advanced” tab.
Summary
Buying cryptos with Raiffeisen Bank is a convenient and secure way to access the crypto market, as you can use your existing bank account and online banking services. If you wish to avoid transaction fees, Bitget and Bitvavo are the best exchanges for converting fiat to cryptocurrency. On the downside, the platform may not process your payment instantly. However, it doesn’t take longer than two working days. Follow our simple guide to get your crypto trading or investment journey started.
