Bittr Review: Buy Bitcoin With SEPA and IBAN

Description

Bittr is a bitcoin exchange that provides its services in the EEA region. The exchange allows you to buy bitcoin with SEPA and IBAN in EUR and CHF. It also supports recurring buys, allowing you to automate your bitcoin purchases and implement dollar-cost averaging strategies. Bittr is a non KYC exchange for amounts up to CHF1000 / €900 per 24 hours.

How Bittr Works

To get started with Bittr exchange, enter your email address on the platform’s website and verify it by clicking on the link sent to you. Then enter your IBAN, bitcoin address, and set up your bank transfer. To prove that you are the actual owner of the bitcoin address you have provided, you will also need to sign a message with your wallet. You need to use wallets with message signing feature, such as Electrum, Bitcoin Core, and hardware wallets such as Trezor, Ledger (via Electrum), BitBox, and Coldcard.

Bittr does not store your funds on its platform. Once your payment is processed and received in its bank account, bitcoin will be sent to your wallet within 30 minutes. The service emphasizes that it takes 0-3 business days to complete transactions and does not carry out instant transactions.

Bittr’s automated investing feature allows you to invest using a DCA (dollar-cost averaging) approach, setting a specific amount and frequency (once, daily, weekly, monthly, or yearly) that you want your bitcoin purchases to be made. You can activate this function by setting up a single or recurrent transfer from your bank. Bittr emails you a notification every time you buy bitcoin. You can follow this guide on Bittr blog on how to set up a SEPA bank transfer to buy bitcoin.

Bittr Limits

There’s no minimum deposit amount, meaning you can start saving bitcoin with any amount. However, for transactions under EUR/CHF 100, there’s an additional EUR/CHF 1.00 banking surcharge on top of the usual 1.5% fee. The maximum amount is 900 EUR (999 CHF) per 24 hours and 99.999 EUR (99.999 CHF) per year.

Bittr Fees

The fees for purchasing bitcoin with EUR or CHR are as follows:

• 1.5% of your deposit amount charged by the company.
• The lowest possible mining fee charged by the network.

For example, if you deposit 100 EUR, you will be charged 1.5 EUR plus the mining fee. However, it may take longer for the transaction to be included in a block due to such a low network fee.

More Information

• Follow GetBittr updates
• Bittr customer service: [email protected]
• GetBittr WhatsApp group

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