ParamountDax Exchange provides various Fiat Methods and allows users to select the corresponding channels based on their currencies or regions. For EUR deposits and withdrawals, you can choose SEPA.
The Single Euro Payments Area (SEPA) is an initiative of the European Union that allows for fast, reliable, and cheap Euro (EUR) transfers between bank accounts in the SEPA-zone.
To deposit and withdraw EUR on ParamountDax, please refer to:
How to deposit fiat currencies, for example EUR, via Bank Transfer (SEPA)?
1- Select Bank Deposit under the Buy Crypto tab
2- The EUR currency will be preselected as the Bank Transfer (SEPA) payment method, now just enter the amount you want to send as in the Payment Details, accept the terms and conditions and finally click Continue
3- The name of the beneficiary for the SEPA transfer, the Reference Code to be entered as purpose of transfer and the bank details will now be shown. Once the transfer has been made from your bank / other institution, following the instructions correctly, within 1-2 working days (instantaneous if your bank supports it) you will receive in your account the credit of the chosen amount and transferred. Note that the name and surname of the sender's bank account must match the name and surname registered on their ParamountDax account, otherwise the transfer will be rejected.
How to withdraw Fiat currency, for example EUR, by bank transfer (SEPA)?
1- Select Bank deposit in the Buy Crypto tab or, alternatively, browse your profile in the deposits / withdrawals section
2- Click on the Withdrawal section and then click on the Fiat section
3- Now you have to select the currency (EUR), select the payment method (Bank Transfer), enter the amount you want to withdraw, accept the Terms and Conditions and finally click on Continue
4- Now this screen will appear, from here select SEPA Instant ONLY if your bank accepts instant transfers, if they are not accepted or you are unsure, to prevent the transfer from returning, select the SEPA Standard method as an alternative in the drop-down menu .
Then, fill in your name, surname and Iban and after checking all the data, click on Confirm