Buying crypto with Epay: a step-by-step guide
We will now guide you through the process of buying Bitcoin on CEX.IO.
Before you can purchase cryptocurrency, you will need to fund your CEX.IO balance by making a deposit from your Epay account. Here is how you can do that:
- Go to the finance page or click on deposit which is located in the top right corner.
- Next, select USD as your currency and enter the amount you want to deposit.
- Click on Epay to select it and select your country of residence. Then, click on the Proceed.Once you’ve clicked on the button, you will be taken to the next step needed to complete your deposit. Here, you’ll get the email address to which you should transfer funds, as well as the reference number.
Go to your Epay account, choose the amount you want to transfer, and insert your reference number in the message field. The transfer is now complete and your funds will be available in your CEX.IO balance the same day the transfer is confirmed.
You will notice that you have an opportunity to download or print the order containing information essential to your transfer (email and reference number). Once you do this, you can go to your Epay account and request a transfer using this information
Now that your CEX.IO account is funded, you’re all set to exchange Epay to BTC and now you can buy Bitcoin via Epay:
- Go to the trade menu and search for the BTC/USD pair.
- Click on the market tab under the price chart to buy BTC instantly.
- Enter the amount in USD you want to trade and click Buy now.
If you prefer other cryptocurrencies over BTC and you’d like to trade them instead, the procedure is very similar. Simply select the preferred cryptocurrency you want to trade and the CEX.IO platform will lead you through the process.
The reason why customers across the world prefer Epay to other payment methods is its fairly low fees and commissions.
No fees are charged for making deposits. However, when you make it, you’ll be charged a 1% commission.
If you’re looking for the cheapest way to trade crypto and EUR is your preferred fiat currency, then you may want to buy BTC with SEPA, as this service charges no fees whatsoever.
Let’s say you decide to sell Bitcoin or another cryptocurrency you have in your CEX.IO balance. Normally, when the trade is completed, you would want to withdraw the USD you got to your Epay account. To do so, go to the finance page or click on withdraw in the top right corner.
Next, choose USD as your currency, type the amount you’d like to withdraw, and select Epay as your payment option. The email address will appear so make sure that it matches the one you use for your CEX.IO account. Otherwise, you won’t be able to perform a withdrawal.
Click on withdraw and confirm the transaction with the 2FA code that you’ll receive on your smartphone. Your Epay account will be funded on the same day.
A few things to keep in mind: Epay doesn’t have a crypto wallet. Therefore, it’s impossible to send or receive Bitcoin or any other cryptocurrency. Instead, you can use the wallet on CEX.IO or other exchanges that support Epay.
Epay is available in more than 130 countries across the world. To check out supported countries, please refer to the list below. Here, you can find all the countries where CEX.IO is not able to provide deposits and withdrawals with Epay.
If your place of residence isn’t on the list of supported countries, don’t worry. CEX.IO supports other payment methods that you can use to buy crypto.
Supported payment methods
To trade BTC to USD on the CEX.IO platform, you can use a range of different payment methods. For instance, you can buy BTC with a credit card. To do so, link your Visa or Mastercard with CEX.IO. Alternatively, if you don’t own a credit card, you can buy BTC with prepaid card.
However, please be careful with prepaid cards, as they may be unreliable. Although you can technically verify your prepaid card and fund your CEX.IO account with it, many transactions are unsuccessful. This particular issue is also noticed for withdrawals. Therefore, we strongly recommend that you use your debit or credit card to deposit or withdraw funds.
Regarding e-wallets, CEX.IO supports Skrill, PayPal, and Google/Apple pay. You can also buy Bitcoin with a bank account linked with your CEX.IO account. Lastly, if you’re looking for a way to make an instant purchase of crypto with minimal effort, CEX.IO gives you the option to buy Bitcoin with a cash deposit.