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| Press Release

Coinmama Crypto Exchange Launches SEPA Bank Transfer Payment Method

TEL-AVIV ISRAEL / ACCESSWIRE / October 15, 2018 / Israel-based Coinmama is thrilled to announce the addition of SEPA (Single Euro Payments Area), a brand-new payment method which enables rapid, seamless bank transfers. As of August 6, 2018, all Coinmama clients within the EU can utilize SEPA bank transfer to easily purchase Bitcoin, Ethereum, Ripple, and a range of other leading cryptocurrencies, all without incurring payment processing fees.

Coinmama came into existence because purchasing cryptocurrency in the traditional ways, with a credit or debit card, for example, used to be a huge hassle. This was unfortunate for many reasons, not the least of which was the challenge this posed for newcomers to Bitcoin and Ethereum, for whom that first foray into cryptocurrency was tedious.

Cryptocurrency has always held the potential to be fast, secure, and globally accessible. But in the early years, it wasn’t. Coinmama was an early solution to these issues, providing crypto enthusiasts with the ability to purchase digital currency quickly and conveniently.

SEPA takes the Coinmama exchange to a new level, offering extremely efficient bank transfer crypto purchases. The SEPA method has several distinct advantages to any other method of payment currently on crypto exchanges.

  1. nbsp; Higher purchase limits - SEPA daily payment limits average around $12,000 USD, or €10,250. This is more than double the credit and debit card daily payment limits, which allows for greater investing flexibility via much more robust purchases of cryptocurrency at prime purchasing times. Additionally, the SEPA transaction limits operate separately from other Coinmama funding methods. This means that through Coinmama, it is possible to purchase approximately up to 5,000 EUR worth of crypto via credit or debit card in addition to the crypto purchased through SEPA.
  2. Low transfer fees - while typical credit and debit card transfer fees are around 5%, bank transfer fees are free, which means transactions are significantly cheaper.
  3. Rapid, convenient transactions - through SEPA, funding, fiat transactions will be credited to user’s Coinmama account balances within hours.
  4. Broad user base - millions of users throughout the EU have access to SEPA, making it a good option for anyone looking for rapid transfers, low transfer fees, and high transfer limits.

According to Coinmama CEO Asaph Schulman, “the SEPA (Single Euro Payments Area) bank transfer system is highly efficient, as its millions of daily users can attest. SEPA compares favorably with other traditional payment systems, as it combines speed and low fees with the convenience of sending a transfer from your regular bank account. When transfer costs are the prime consideration, it’s hard to find a better option than SEPA for conducting fiat transfers within the European Union.”


Dan Edelstein

SOURCE: Coinmama

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