To deposit or withdraw EUR, you can use SEPA or SWIFT. In this article, you’ll find a step-by-step instruction on how to deposit and withdraw funds via SEPA. To see the guide on SWIFT, please follow the link.

Note: SEPA is available to Eurozone residents only. Here’s the list of countries that can use SEPA.

How to deposit EUR via SEPA

Web platform

  1. Log in to your CoinLoan account or sign up if you have none.

  2. Go to Wallet > EUR > Deposit or click here.

  3. Choose the SEPA payment method.

EUR deposit methods – Web platform

⠀⠀4. Enter the desired amount into the field and click the Continue button.

Note: The minimum deposit amount is 10 EUR.

Choosing SEPA as deposit method – Web platform

⠀⠀5. Initiate a transfer from your bank account in Euro.

SEPA deposit details – Web platform

Mobile app

⠀⠀1. Open the CoinLoan mobile app on your Android or iOS device.

⠀⠀2. Go to the Wallet module.

⠀⠀3. Choose EUR and press the Deposit button.

EUR deposit screen — Mobile app

⠀⠀4. Select the SEPA deposit method.⠀

EUR deposit options — Mobile app

⠀⠀5. Enter the desired amount in the Deposit module and click the Confirm button.

EUR deposit form — Mobile app

Note: The minimum deposit amount is 10 EUR.

⠀⠀5. Initiate a transfer from your bank account in Euro.

SEPA deposit details — Mobile app

Important notes

  • The name on your bank account form must match the registered name on our platform.

  • Your transfer details have to be put precisely like in the SEPA Details form. Otherwise, your transfer won’t succeed.

  • The Reference phrase you see after clicking Continue is a unique code you should use precisely for your transfer to go through. If you don’t know which field to put it in, please contact your bank.

  • If you want to make a deposit through a corporate bank account, upgrade your CoinLoan account to a corporate one by contacting corporate@coinloan.io or filling in the Corporate Onboarding Application.

  • CoinLoan takes care of the SEPA transfer fees. However, some banks may have their own fee policy, and you might be charged with their fees.

  • SEPA transfers usually take up to 1–3 business days.

How to withdraw EUR via SEPA

Web platform

⠀⠀1. Log in to your CoinLoan account.

⠀⠀2. Go to Wallet > EUR > Withdraw or click here.

⠀⠀3. Choose the SEPA payment method.

EUR withdrawal methods – Web platform

⠀⠀4. Enter the desired amount into the field and click the Continue button.

Note: The minimum withdrawal amount via SEPA is 10 EUR.

SEPA withdrawal form – Web platform

⠀⠀5. Fill out the withdrawal form.

⠀⠀6. Click the Continue button.

Mobile app

⠀⠀1. Open the CoinLoan mobile app on your Android or iOS device.

⠀⠀2. Go to the Wallet module.

⠀⠀3. Choose EUR and press the Withdraw button.

EUR withdrawal screen — Mobile app

⠀⠀4. Select the SEPA withdrawal method.

EUR withdrawal options — Mobile app

⠀⠀5. Fill out the beneficiary information form and click the Continue button.

Note: The minimum withdrawal amount via SEPA is 10 EUR.

SEPA withdrawal details — Mobile app

Important notes

  • Please double-check the information you enter. A withdrawal goes through only if the information is correct.

  • You can find your account number (IBAN) on the bank statement. If you don’t know where to find it, please contact your bank.

  • BIC is the Bank Identification Code used to identify your bank when making an international transfer. You can find it on the bank statement as well.

  • A SEPA withdrawal usually takes one business day.

Did this answer your question?