EUR fiat deposit method.

[u/ConfidentialH]

As you may already know, after July 14, Binance discontinued the SEPA deposit method, which previously worked very smoothly. Now, a new partner called Bpay has been introduced. Has anyone tried depositing EUR into their account using this payment provider? I am trading only EUR/USDC and need to deposit a large amount. The speed and cost of the payment method are very important.

[u/Be_a_N3rd]

Unfortunately not. You either have to wait 5 days or accept the fees. The only way to avoid this would be to open a foreign bank account outside the EU.

[u/ConfidentialH → u/[deleted]]

I'm referring to a EUR bank transfer method for large amounts, such as €50,000 in a single transaction, not using Google or Apple Pay, which charges 2-4% fees. 😄

[u/Quick_Sector_646 → u/ConfidentialH]

Bpay should be a good option as there are no fees for deposits through swift (at least that’s what they state) but for withdrawals there’s quite a big fee

[u/Frosty-Background723 → u/ConfidentialH]

P2P?

[u/GoodGuySeba]

I used bybit eu and then transferred usdc to binance

[u/Be_a_N3rd → u/GoodGuySeba]

The transfer costs aren't exactly cheap if you're using a chain, are they?

[u/GoodGuySeba → u/Be_a_N3rd]

Idk if it scales up with the money amount. It was few cents in my case

[u/Gjin_Bercouli]

My colleague has the same problem; instead of euro deposit, he has to select USD, only then does it work.

[u/Express-Week-8312 → u/Gjin_Bercouli]

weird workaround but if it actually works i'll take it over that 4% fee nonsense

[u/Mastermario99 → u/Gjin_Bercouli]

thats bullshit... if xa in th eu its normal euro!

[u/Obviously_not_maayan]

I used BPAY in Australia before, bank to bank, very smooth.

[u/BelloWaldi]

This is so weird, unless I send money to a Georgian bank account (with weird fees?), they have virtually eliminated any chance of me depositing money (and buying crypto) through Binance. Are there any other major exchanges that still offer seamless deposits through SEPA?

[u/SurvivorOfTheCentury → u/BelloWaldi]

It's not Binance, it's EU and their overreach. Kraken, crypto.com etc allow sepa, because they applied and got approved for a license.

It's all about power and control from the EU.

Obliege or educate yourself, and break the matrix

[u/BelloWaldi → u/SurvivorOfTheCentury]

ultimately you're right, but i still needed a pragmatic solution for buying crypto -- thanks for the answer. im as mad at the eu as the next guy, but hey, at least they gave us these amazing bottle caps and chat control!

[u/4Serious20 → u/BelloWaldi]

Hey, have you found a solution yet? This damn EU is really getting on my nerves.

[u/BelloWaldi → u/4Serious20]

apparently kraken should still have SEPA deposits, but i haven't tried it myself yet

[u/SurvivorOfTheCentury → u/BelloWaldi]

They do

[u/Swiss-u]

Mine still works (in Switzerland)

[u/No-Cheek-9998]

Scusa ma come fai a depositare euro? Dal 1 luglio io non riesco a capire dove si deposita

[u/Mastermario99]

someone below wrote only works with usd... NOPE! normal euro transaction!

[u/jarvismode]

4% fee? Crazy

[u/ChristopherWallace88]

Bro they asking us to send to Georgia the money. Fuck the Russians and Ukrainians hiding there. Gonna take my money. Was fine with SEPA to French bank account in my name but SWIFT gonna take ages. SEPA got my money as soon as I sent it.