This introductory guide explains how to buy Bitcoin with EPS. Follow our simple three step guide to make your first purchase.
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Firstly, the most important question to answer is: can I buy Bitcoin with EPS?
No, EPS doesn’t allow you to purchase cryptocurrency. However, you can use EPS to fund a trading account and buy Bitcoin that way.
You just need a crypto exchange that accepts EPS deposits. And we’re here to help.
How to buy Bitcoin with EPS – a step-by-step guide
It takes about 15 minutes to buy BTC with EPS. Have a copy of your photo ID to hand and follow this guide to get started.
Step 1. Sign up with Bitpanda .
We recommend Bitpanda as the best platform to use to buy BTC with EPS.
Min. Deposit
1 €
Best offer
Fully automated platform with instant transactions
A wide variety of payment options
Payment Methods:
Credit Card, EPS, Giropay, Mastercard, Sofort, Visa, neteller, skrillStep 2. Create an account.
You need an account before you can buy anything. Sign up with your contact details and a form of ID for verification.
Step 3. Make a deposit via EPS.
Enter how much you want to deposit and select EPS as your payment method from the list of options.
Step 4. Use the search box to find Bitcoin.
Use the search box on the home page to search for Bitcoin and the currency you want to pay in (such as GBP).
Step 5. Make your purchase.
Enter how much Bitcoin you want to buy, check the details and process the transaction. Once the payment goes through, your new Bitcoin will show up in your exchange account.
Top Bitcoin platforms that accept EPS
1. Bitpanda: Best for fractional & small scale investing
Pros & Cons
Low fees for Bitcoin buyers using credit or debit card in Europe Fully automated transactions happening in real time Intuitive and easy to use and navigate Multiple payment options available
Fees are not explicitly laid out Restricted European countries at present Limited customer support features
Overview
We love BitPanda because it’s an all-in-one investment platform. BitPanda offers 1,000+ assets, including 200+ cryptocurrencies and a range of crypto indices, making it simple to invest in the crypto market without having to make tough decisions about each coin.
BitPanda is one of the most accessible crypto platforms around. The minimum trade size is just $1 and you can automate your investments so that you can add more Bitcoin regularly. The BitPanda card offers cashback up to 2% paid in Bitcoin.
The fees: All fees are included in the spread, so you won’t be charged a commission on your trades. A premium of 1.49% is included as part of the buy and sell price of each asset.
Quick answers to key questions
Can I buy crypto with EPS?
Yes, you aren’t limited to buying Bitcoin alone. The only limit is which coins are available on the exchange you’ve chosen. Most crypto exchanges that support EPS as a payment method offer 50+ cryptocurrencies and many offer hundreds more.
Is EPS safe?
Yes, it’s completely safe to use EPS. The only risk to look out for is to make sure you sign up to a regulated EPS Bitcoin broker when buying Bitcoin. Using an unregulated broker platform can put your money at risk.
How much does it cost to buy Bitcoin via EPS?
The cost of buying Bitcoin via EPS varies depending on the exchange or brokerage you use. However, most platforms charge a fee of 0.5% to 1% of the transaction amount. This means that if you buy £100 worth of Bitcoin, you will pay £0.50 to £1.00 in fees.
Can I store Bitcoin in/on my EPS account?
No, EPS is a payment service that allows Austiran based users to make transactions online using their bank account details. There are two main ways you can store Bitcoin: The first is on the exchange you used to buy it and the second is to use a dedicated Bitcoin wallet.
Why don’t more crypto platforms support EPS?
As it is a payment service for Austrian users not many exchanges or brokers have incorporated it. However, some have and EPS may be added to more crypto platforms in the future. Most brokers or exchanges generally allow you to buy Bitcoin with traditional payment methods such as bank transfer or credit/debit card.
Should I buy Bitcoin using EPS?
Yes, you may want to consider buying Bitcoin with EPS, especially if you’re a resident of Austria. It’s an easy way to fund your crypto exchange or brokerage account and is supported by all Austrian banks. When you buy Bitcoin with EPS you are automatically directed to your bank’s website where you can confirm your transaction. Transactions are also processed very quickly compared to traditional payment methods.
Pros
- Authorise payments yourself
- The chance of fraud is limited
- Payments are fast
Cons
Is there an alternative to buying cryptocurrency with EPS?
There are plenty of alternatives, whether you want to pay through an online payment provider or go down a more traditional route. Here are some of the different ways to pay for your Bitcoin purchase.
FAQs
Can I buy Bitcoin with EPS on Coinbase?
Can I buy Bitcoin with EPS on Cash App?
How do I fund my crypto account with EPS?
Can I buy Bitcoin with EPS instantly?
Can I buy Bitcoin with EPS anonymously?
More ways to buy cryptocurrency
Sources & references
Risk disclaimer
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >
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