SEPA Instant

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SEPA Instant is a payment method added used in Bisq for buying and selling BTC for Euros (EUR).

SEPA Instant is the most popular way for people in the EU send and receive instant payments to each other via their banks. More and more banks are now starting to offer SEPA Instant in additional to standard SEPA.

SEPA Instant payment payments are usually instant, but can take up to 24 hours to appear.

Where can I find out more about SEPA Instant?

Here is a list of SEPA resources:

What countries are available for SEPA Instant?

SEPA Instant payments are available to many banks in Europe. All EU users and some additional European countries.

What currencies are available for SEPA Instant?

SEPA Instant allows peer to peer payments of:

  • Euros (EUR)

What is the maximum trading duration for SEPA Instant?

The maximum trade time is 1 day. Generally SEPA payments will be completed instantly. SEPA Instant payments are processed on Saturdays, Sundays and bank holidays.

What is the maximum BTC limit for a SEPA Instant trade?

0.25 BTC.

Is SEPA Instant a payment method that can be signed?

Yes, SEPA Instant payment accounts on Bisq require signing to lift limits to above 0.01 BTC.

How do I set up a SEPA Instant account?

SEPA Instant is supported by many EU based banks, some EU based payment providers as well as some non-EU European banks and payment providers.

How do I add a SEPA Instant account as a payment method in SEPA?

It is easy to add your SEPA Instant account to Bisq.

  1. Go to the top menu in Bisq and select Account.
  2. Then select National Currency Accounts.
  3. Click add new account
  4. Select SEPA Instant
  5. Complete the details
  6. Choose to use a custom account name this helps makes it easier for you to manage multiple payment methods in Bisq (this will be visible only to you, for example: SEPA Instant - EUR - Jan Franco
  7. Click save new account

Make sure all the details are correct when you add.

Make sure to include both your Name as shown by the bank when you send payment (eg Jan Franco, or Franco. Jan), your IBAN and BIC number.

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SEPA Instant accounts can be; instant send, instant receive, or both. If you are wanting to you your account to buy and send on Bisq please ensure your SEPA Instant account allows for payments to be instant for both sending AND receiving. Otherwise the payment will still be received / sent but it will go via normal SEPA and take up to six days.

How do I buy BTC with my SEPA Instant account?

You can buy BTC with SEPA on Bisq in 2 waysː

  1. Make an offer to buy BTC on the EUR market.
  2. Take an offer to buy BTC on the EUR market.

When the offer is confirmed Bisq will provide you with the BTC Sellers SEPA Instant details for you to complete the payment. You should send payment immediately and confirm you have done so in Bisq by clicking 'payment started'.

If you have the option to include a payment reference please leave it blank. If your bank requires one, please just use your name that matches your bank account.

Once the BTC Seller receives your payment they will confirm in Bisq and your security deposit and your purchased trade amount will be available in your wallet.

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Please send payment only to the details provided by the BTC Seller in their Bisq account. Please leave the payment description blank.

How do I sell BTC with my SEPA Instant account?

You can sell BTC with SEPA Instant on Bisq in 2 waysː

  1. Make an offer to sell BTC on the EUR market.
  2. Take an offer to sell BTC on the EUR market.

When the offer is confirmed Bisq will provide with the BTC Buyer with your SEPA Instant details for you to complete the payment. They should send payment at their first opportunity and confirm they have done so in Bisq by clicking 'payment started'.

Once you receive payment from the BTC Buyer you should confirm payment has been received in Bisq. One you have done this the BTC Buyer will receive their funds and you will receive your security deposit back.

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BTC Sellers should expect to receive payment from the name shown in the BTC Buyer's Bisq account. Not all banks will show the IBAN and BTC number the payment came from but the name must match.

Are there any limits for me to be aware of when using my SEPA Instant account?

Limits are set by your bank. Check with your bank what the limits allowed are. Most limits are about €50,000 per day. There is no minimum limit.

Are there any fees for me to be aware of when using my SEPA Instant account?

It is free to send and receive SEPA Instant payments (as in the SEPA Instant network itself do not charge fees to the operators). However, some banks might add changes to send or receive SEPA payments. If your bank has SEPA charges consider looking to open a new bank with fee free banking.

How does dispute resolution when trading with SEPA Instant?

If a dispute occurs the mediator may ask the buyer to send them information showing that they made the payment of the correct amount to the BTC Seller within the correct time frame.

The mediator may ask the seller to send them information to prove their account details are correct, or in the case of the BTC Buyer making a payment late, or of the wrong amount.

For more information see dispute resolution.