How to Buy and Sell Crypto in Europe
Read on to learn how to use Cabital to buy crypto with euros.
Read on to learn how to use Cabital to buy crypto with euros.
You can now buy crypto with euros on Cabital using SEPA transfer, thanks to our partnership with Transactive, a licensed electronic money solution.
Once your EUR deposit clears, you can buy three leading cryptocurrencies to build out your crypto portfolio: Bitcoin (BTC), Ethereum (ETH), and the Tether stablecoin (USDT). These will be directly deposited into your Cabital account, so you can start earning interest right away!
So, how do you buy cryptocurrency with Cabital?
Start the purchasing process by clicking on the Deposit icon, and choose Cash and EUR as the currency.
For now, we only accept EUR transfers via SEPA or SEPA instant. If you’re not in Europe (or you don’t have a supported European bank account), SWIFT is coming soon.
Selecting the Bank Transfer option opens up the deposit details to transfer EUR to your Cabital account. To make entering details easy, you can tap the copy icon on the right and paste the corresponding IBAN account number and reference code.
Once you’ve made the SEPA transfer, your funds should arrive in your Cabital account within 1-2 working days.
The name on your bank account must match your Cabital account username. If your bank account name is different from the name you provided during the KYC process, please get in touch with our customer support team at email@example.com.
Always remember to enter your reference code! It’s a transaction match identifier to ensure you get your funds. Without the correct reference code, we’ll be unable to proceed with your deposit.
Now that you’ve added funds to your Cabital account, it’s time to buy cryptocurrency! Besides buying Bitcoin on Cabital, you can also buy Ethereum and USDT, or even diversify your crypto portfolio by investing in all of them.
There’s no minimum purchase, so you can choose to buy small amounts of Bitcoin as part of your investment strategy.
Usually, finding the best rates involves researching on multiple exchanges and moving your assets accordingly. At Cabital, we’ve designed a system that aggregates and checks rates across numerous exchanges to get our users the best rates without the trouble of trading.
Click the + icon at the bottom of the screen, and select Convert. Here, you can use the euros you’ve deposited to buy crypto. Choose the currency you’re looking to purchase with the dropdown menu, and you’re ready to add some crypto to your portfolio.
The Convert feature also lets you rebalance your portfolio by changing your Bitcoin to USDT or Ethereum, and you can choose to convert your crypto back into euros when you’re ready to withdraw.
Once you’ve decided how much crypto you want to buy, all that’s left is to review the conversion confirmation and hit convert.
And now, with crypto in your Cabital wallet, it’s time to choose a plan and start investing!
When you’re ready to withdraw your earnings from Cabital, all you have to do is convert your crypto to EUR. Once you’ve converted your crypto to EUR, it’s time to transfer your EUR balance to your bank account using SEPA.
Click the + icon at the bottom of the screen, choose Withdraw, and select EUR as your withdrawal currency.
In the next screen, choose your withdrawal amount. For euros, the minimum withdrawal amount is 25 EUR. Do take note that there is a small withdrawal fee of 2.50 EUR regardless of the sum.
Next, enter your IBAN details for your receiving bank account that supports SEPA transfer. The receiving bank account must belong to you and the details should match your Cabital account name.
Once you’ve submitted your withdrawal request, you’ll receive your funds in your bank account via SEPA in 1-2 working days.
If your funds haven’t arrived after two working days, don’t hesitate to get in touch with us at firstname.lastname@example.org.
With SEPA, we want to make it easier for you to invest in crypto. There are no minimum or maximum deposits, so you can invest at a pace that’s comfortable for you. You’ll also get to save on deposit fees and platform fees, so you don’t have to worry about paying before you start earning.
At Cabital, you can get leading APY rates without having to take on additional risks by staking platform tokens. Staking platform tokens exposes you to volatile market conditions, and a fall in the value of the token can easily outweigh the promised increase in yield.
Try Cabital today, and add a stream of passive income to your investment portfolio.
This article has been prepared by Cabital Fintech (LT) UAB (the “Company”) and is general background information about some of the Company’s activities at the date of this presentation.
This article does not contain all the information that is or may be material to you and should not be considered as advice or a recommendation to you in respect of the holding, purchasing or selling of digital assets and does not take into account your particular objectives, financial situation or needs. This article has been made to you solely for information purposes. This presentation may be amended and supplemented as the Company sees fit, may not be relied upon for the purpose of entering into any transaction and should not be construed as, nor be relied on in connection with, any offer or invitation to purchase or subscribe for, underwrite or otherwise acquire, hold or dispose of any digital assets, and shall not be regarded as a recommendation in relation to any such transaction whatsoever. The contents of this presentation should not be considered to be legal, tax, investment or other advice, and you should consult with your own counsel and advisers as to all legal, tax, regulatory, financial and related matters concerning an investment in or a disposal of such digital assets and as to their suitability for you.
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