SEPA stands for the Single Euro Payments Area and in its essence, it is a new format for international bank transfers within Europe. There are 34 countries which are part of the SEPA zone and its main application is to simplify cross-border money transfers in Euros, the only currency SEPA supports.
In general, a SEPA transfer is similar to a domestic transfer - they are fast and with fees that are minimal to none. If you have a SEPA bank account, you will be able to purchase cryptocurrency from Coinify and pay for it with a SEPA bank transfer.
The SEPA (Single Euro Payment Area) includes the following countries:
The 28 EU States:
Austria, Germany, Netherlands, Belgium, Greece, Poland, Bulgaria, Hungary, Portugal, Cyprus, Ireland, Romania, Czech Republic, Italy, Slovak Republic, Denmark, Latvia, Slovenia, Estonia, Lithuania, Spain, Finland, Luxembourg, Sweden, France, Malta, United Kingdom and Croatia.
Iceland, Monaco, Switzerland, Liechtenstein, Norway, San Marino.