We have some good news for European Abra users — we are rolling out Single Euro Payment Area (SEPA) bank transfers to buy bitcoin using the Abra app!
The goal of enabling European bank transfers accounts is to help make buying and selling cryptocurrencies easier worldwide.
How to buy bitcoin in Europe
Here’s how the Abra experience will work in Europe:
- After updating the Abra app, European users will see a SEPA option under the “Add Money” menu.
- In order to use a European account, Abra users will have to register with our partner, Coinify, as a trader. This will require submitting information such as your name, email, and basic geography. (By hitting the SEPA option in the Abra app, you will be redirected to sign up with Coinify).
- The next layer of bank-level security requires users to prove their identity using their name, date of birth, address, and photos of government-issued ID. (This will be handled through a service called iSignThis).
- After inputting your information, it may take up to 2 business days to be confirmed. Once you are, you will receive an email notifying you that you are ready to buy bitcoin.
- Now you will be able to transfer money from your local bank and into the Abra app.
There is a small fee (usually .25%) charged by our partner Coinify to complete these European bank transfer transactions.
This service is available in: Austria, Belgium, Britain, Bulgaria, Cyprus, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Republic of Ireland, Iceland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, Slovenia, Slovakia, Spain, Sweden, and Switzerland.
Abra in Europe
After purchasing bitcoin and transferring it into the Abra app, users will then be able to exchange that bitcoin for 28 cryptocurrencies.
If you have any questions or need guidance through the SEPA-enabling process, please reach out to [email protected].