Cryptocurrency">Cryptocurrency platform Crypto.com has announced updates to its Euro wallet offerings in an effort to provide a smoother user experience. The company upgraded its Crypto.com Euro Wallet and enabled Single Euro Payments Area (SEPA) bank transfers.
The updates give Crypto.com users more provider options when depositing or withdrawing euros from their fiat wallet. The wallet now supports over 250 cryptocurrencies and has streamlined the deposit/withdrawal process.
Additionally, SEPA transfers are now enabled for European customers. SEPA allows fast, secure, and affordable transfers between Euro accounts within the SEPA regions. Crypto.com does not charge fees for SEPA transfers, though banks may impose small processing fees.
To prevent rejection, SEPA deposits must originate from a bank account in the user’s name. While typical SEPA transfers are instant, the first transfer on Crypto.com may take 1-2 days to process.
According to Crypto.com, these wallet and payment upgrades make it easier for new users to take advantage of market opportunities. By expanding Euro support, the company aims to provide a seamless and affordable platform for euro-based customers to trade cryptocurrencies.
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