How to Buy Crypto using Open Banking in Europe

Buying crypto in Europe has become much easier with the rise of Open Banking. Instead of relying on credit cards or slow international transfers, users can now purchase crypto directly from their bank accounts using secure bank authentication.

Open Banking is a regulated financial standard across Europe that allows licensed payment providers to initiate payments directly from a user’s bank account with full authorization. 

When combined with crypto platforms like Bitrue and supported on ramp partners such as Guardarian, Open Banking offers one of the fastest and most convenient ways to buy crypto in Europe today.

This guide explains how to buy crypto using Open Banking in Europe on Bitrue, including fees, processing time, KYC requirements, and step by step instructions.

Key Takeaways

• Open Banking allows European users to buy crypto directly from their bank accounts without using credit or debit cards.

• Transactions are usually completed within minutes, and crypto is credited to the user’s Bitrue wallet.

• KYC is required, but verification is fast and designed to meet European AML regulations.

For more in-depth crypto market updates and predictions, check out the latest posts on the Bitrue blog — or explore trading directly on Bitrue’s platform.

Why Use Open Banking to Buy Crypto in Europe

Open Banking is a payment standard that enables secure, permission based access to bank accounts for initiating payments. It is widely supported across the European Union and the United Kingdom.

For crypto buyers, Open Banking offers several advantages. Payments are authorized inside the user’s own banking app, making the process both secure and familiar. Transactions are typically faster than traditional bank transfers and often cheaper than card payments.

Because many European banks block or limit card based crypto purchases, Open Banking has become one of the most reliable alternatives for users who want to buy crypto in Europe.

READ ALSO: How to Transfer USDT to Your Bank Account: A Step-by-Step Guide

How to Buy Crypto using Open Banking in Europe on Bitrue

Bitrue integrates third party fiat on ramp providers such as Guardarian that support Open Banking payments for European users. This allows users to purchase crypto directly from their bank accounts and receive funds into their Bitrue wallets.

Step 1 Register on Bitrue and Complete KYC

Create a Bitrue account using your email or phone number. Complete identity verification to unlock fiat based purchase features and comply with AML regulations.

Step 2 Go to Buy Crypto on Bitrue

Log in to your Bitrue account. Navigate to the Buy Crypto section from the main menu. Select the cryptocurrency you want to buy such as BTC, ETH, or USDT. Choose your fiat currency such as EUR or GBP.

Step 3 Select Open Banking as Your Payment Method

Choose a payment provider that supports Open Banking, such as Guardarian. Select Open Banking from the available payment methods.

Step 4 Authenticate Payment in Your Bank App

Enter the purchase amount. You will be redirected to your bank’s secure authentication interface. Approve the payment using your bank app, Face ID, fingerprint, or secure login.

Step 5 Receive Crypto in Your Bitrue Wallet

Once the payment is authorized, the crypto is processed. Your purchased crypto is credited directly to your Bitrue wallet, usually within a few minutes.

Get started with USDT on Bitrue today. Sign up and use the Buy Crypto feature to purchase USDT in Pakistan using your debit or credit card without OTC or P2P.

Fees and Cost Comparison

Open Banking payments generally come with lower fees than credit or debit card purchases. Since there are no card network charges, users often benefit from better exchange rates and fewer hidden costs.

When buying crypto on Bitrue through on ramp partners such as Guardarian, the final rate is shown before confirming the transaction. This allows users to review the total cost and received amount transparently.

In most cases, Open Banking is more cost efficient than card payments for buying crypto in Europe.

READ ALSO: How to Transfer Bitcoin (BTC) to a Bank Account Using Bitrue

How Long Does It Take to Receive Crypto

Most Open Banking crypto transactions are processed within minutes. After approving the payment in your bank app, the on ramp provider confirms the transfer and releases the crypto to your Bitrue wallet.

In some cases, processing may take longer due to bank verification checks, payment routing delays, or temporary provider downtime.

Is KYC Required

Yes, KYC verification is required to buy crypto using Open Banking on Bitrue.

This is necessary to comply with European AML and CTF regulations. Most users can complete verification in a few minutes using a valid government ID and basic personal information.

Risks and Limitations

Availability depends on your country and supported banks. Not all European banks are connected to Open Banking rails for crypto purchases.

Transaction limits may apply depending on your verification level and local regulations.

Some users may experience temporary service unavailability due to bank maintenance or payment provider outages.

Why Use Bitrue with Open Banking

Bitrue supports multiple fiat on ramp providers that allow users to buy crypto using local and international payment methods.

For European users, Open Banking provides a secure and efficient way to fund crypto purchases directly from bank accounts without relying on cards or slow transfers.

Purchased crypto is stored in the user’s Bitrue wallet and can be used for trading, holding, or withdrawals.

READ ALSO: How to Convert USDT to Cash A Complete Guide

Conclusion

Open Banking has transformed how people buy crypto in Europe by enabling fast, secure, and card free bank payments. Instead of dealing with card restrictions or slow transfers, users can now authorize crypto purchases directly from their banking apps and receive funds within minutes.

By using Bitrue’s Buy Crypto feature with Open Banking supported payment providers such as Guardarian, European users can purchase crypto easily and securely. With transparent pricing, fast KYC, and direct wallet delivery, Open Banking is one of the most practical ways to buy crypto in Europe today.

FAQ

Is it safe to buy crypto using Open Banking in Europe

Yes, Open Banking is regulated in Europe and requires secure user authorization through official banking apps. Payments are processed through licensed providers that follow strict compliance standards.

How long does it take to receive crypto after paying with Open Banking

Most transactions are completed within minutes after payment authorization. In some cases, delays may occur due to bank verification or system checks.

Do I need KYC to buy crypto with Open Banking

Yes, identity verification is required to comply with European AML and financial regulations.

Can I buy any crypto using Open Banking on Bitrue

Yes, Bitrue supports multiple cryptocurrencies such as Bitcoin, Ethereum, and USDT that can be purchased using Open Banking through supported payment providers.

What payment methods can I use besides Open Banking

In addition to Open Banking, Bitrue supports card payments, SEPA bank transfers, and third party on ramp providers depending on your region.

Disclaimer: Access to Bitrue services may be limited in some regions due to IP based restrictions. Users from certain locations may experience limited functionality even if their country is not restricted for KYC.