Bitget continues its crypto adoption efforts: the new fee-free SEPA channel
Bitget continues its crypto adoption efforts: the new fee-free SEPA channel
Crypto

Bitget continues its crypto adoption efforts: the new fee-free SEPA channel

By Alessia Pannone - 24 Jan 2023

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It’s official: the new SEPA/FPS feature is now available on the Bitget exchange. This means users can deposit EUR/GBP and enjoy zero fees for the new SEPA/FPS channels on Bitget. 

Bitget is an exchange founded in 2018 in Singapore. Specifically, it is a private company that operates a crypto exchange system and more. 

In fact, the services it offers around the world are really many: from trading to savings, from automations to products for the more experienced, even though there is no shortage of basic functions for beginners approaching this world for the first time.

What’s more, Bitget has always promoted and helped the mass adoption of cryptocurrencies, thanks in part to important partnerships with world-famous personalities such as Leo Messi.  

Bitget’s new SEPA feature: everything there is to know 

Thanks to the launch of the SEPA/FPS feature in Bitget on 18 January at 6 PM (CET), cryptocurrency transactions have become more convenient than ever. The great news in this regard is that users can also take advantage of a 0 deposit fee for EUR/GBP.

In any case, Bitget has announced that the withdrawal function will be launched on the 20th at 6 PM (CET). Not only that, with this new channel there will also be the ability to trade EUR and GBP via spot trading to exchange fiat currencies for cryptocurrencies. 

A total of six fiat trading pairs are available, namely: USDT/GBP, BTC/GBP, ETH/GBP, USDT/EUR, BTC/EUR and ETH/EUR. These will all be launched simultaneously on the same 18 January. 

Finally, Bitget also announced that it will be launching support for other major fiat currencies in the near future. After all, it is common knowledge: Bitget as an exchange has always been committed to being a safe and stable bridge between traditional and digital finance. 

In fact, enabling Fiat support will bring a better experience and easier accessibility to cryptocurrency users, which is critical to the mass adoption of cryptocurrencies

Bitget as a promoter of mass crypto adoption

The Bitget exchange has become famous as of 2021, when it forged high-level partnerships with Leo Messi and Juventus F.C. Beyond that, the exchange’s numbers to date are very interesting indeed. 

In fact, Bitget ranks in the top 5 futures exchanges by volume/open interest, and, at the moment, ranks between the behemoth Binance and Bybit, two other big names in the crypto scene.

As of today, Bitget has 8 million users in 200 countries and an average daily trading volume around 10 billion, truly impressive numbers that bode well for the future of this recently established but wildly successful company. 

It is enough to consider that it ranks first in the world in terms of Copy trading volumes, its primary strength.

It is important to mention, as anticipated, that Bitget has also widely distinguished itself for its efforts to foster mass adoption of crypto. In fact, to this end it has entered into an important partnership with Leo Messi, a world-renowned soccer player.  

Indeed, through the partnership, Bitget offers Messi’s fans a unique opportunity to explore Web 3.0 and the potential of cryptocurrency trading on the exchange. There is also a shared understanding that the partnership will allow both parties to engage in more robust efforts beyond cryptocurrencies and soccer.

Other exchanges besides Bitget allowing deposits via SEPA 

Among the other crypto exchanges that allow the deposit of euros via wire transfer, there are certainly a few worth mentioning. Among them we find, for example, Coinbase. Based in the United States, it is considered one of the largest exchanges in the world, with several payment methods. 

However, this exchange has a serious problem with the cost of fees, which are certainly not convenient. 

Next, we have Crypto.com, which is proving increasingly popular due to its partnerships with the sports world, ease of use and low commission costs. 

Then, there is eToro, the platform that is emerging as one of the leading financial brokers. Indeed, it is dedicated not only to cryptocurrencies but also to traditional finance. Finally, Bitpanda, a European exchange based in Austria, which boasts low fee costs and ease of use.

Alessia Pannone

Graduated in communication sciences, currently student of the master's degree course in publishing and writing. Writer of articles from an SEO perspective, with care for indexing in search engines.

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