You must first deposit money into Coinmotion to purchase cryptocurrencies. Go to Transfers – Receive – Euros and choose a payment method. The alternatives are:
- Bank transfer (delay 0-5 business days)
- Debit or credit card (immediate)
- SOFORT Banking (immediate)
- S-Bank online payment (immediate, only available for Finnish customers)
Select a payment method, type the amount you want to deposit and click Next. We’ll go through an example case of using Bank transfer as the payment method.
If you choose Bank transfer, the next page will show the necessary payment information for a bank transfer, namely the account number and customer specific reference number. You will then need to make a bank transfer with the given information. Using the right reference number is important for the deposit to find its way to your Coinmotion account. The money will appear in the balance of your Coinmotion account after the payment has arrived to us.
If you choose SOFORT Banking or card payment, you will automatically switch to the payment service. The money will appear immediately in your Coinmotion account after a successful deposit.
To send money from Coinmotion account to your bank account, proceed to Transfers – Send – Euros. Transfer to a Finnish bank account takes up to one business day when the outgoing transfer is made by 4 pm. The outgoing SEPA transfers elsewhere take up to 5 business days.