Bitcoin, as a cryptocurrency has risen in popularity, becoming a global change in the financial world. Its decentralized nature, limited supply, and potential as a store of value have attracted investors.
With the growing acceptance by businesses and individuals, Bitcoin has gained significant ground in the financial world. Payoneer is a global payment platform that enables businesses and freelancers to send and receive funds worldwide.
With its user-friendly interface and infrastructure, Payoneer simplifies cross-border transactions, eliminating the barriers of traditional banking systems. Payoneer offers various payment solutions like virtual accounts and prepaid cards.
Trusted by millions of users, Payoneer provides a secure and convenient way to manage international payments, empowering individuals and businesses to thrive. With over 4 million users across the world, Payoneer has been a force in the fintech industry.
Can you buy Bitcoin with Payoneer? No. You cannot buy Bitcoin directly from Payoneer. But you can fund a trading platform that accepts Payoneer as a payment method to buy Bitcoin.
The best way to buy Bitcoin with Payoneer is to purchase from a crypto exchange platform that accepts Payoneer deposits. You can easily buy and sell Bitcoin and other cryptocurrencies with Payoneer from anywhere around the world using your digital device. Follow the steps below to buy Bitcoin with Payoneer.
Choose a suitable, reliable, and reputable crypto exchange platform (you can follow the recommendation below). Sign up and fill in all necessary documents. Also, make all verifications including your phone and email address. Also, provide a photo ID.
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Bank Transfer, Debit Card, PayPal, Credit Card, Wire Transfer
Cryptoasset investing is unregulated in some EU countries. No consumer protection. Your capital is at risk.
If you followed the first step completely, you will have a verified account of the exchange of your choice. Now go to the deposit page and enter the amount you wish to deposit. Select Payoneer as your payment deposit, and click the deposit button to move the funds.
Search for BTC in the search box and enter the amount of Bitcoin you want to buy. Select the currency you are buying with and click the “Buy” or “Trade” button. Your Bitcoin will be transferred to your account immediately.
Choosing from the plethora of crypto platforms to use may depend on things like customer care, fees charged and lots more. To make things simpler, we have compiled and compared the best and safest places to buy Bitcoin below.
Buying Bitcoin with Payoneer has its pros and cons. You must note this as it will aid your decision on how you want to buy Bitcoin. Below are the pros and cons of buying Bitcoin with Payoneer
Buying Bitcoin with Payoneer is a personal choice but there are a few considerations to make:
Buying Bitcoin with Payoneer is safe. Payoneer’s tight security measures got you covered. Also, make sure you protect the details of your Payoneer and crypto exchange accounts. Report any unauthorized transaction. Read the T&Cs of the companies you trade with to be updated especially on their security.
It’s impossible to buy Bitcoin with Payoneer directly. However, you can do that through a third party (crypto exchange platform). Make sure the crypto exchange platform you choose accepts Payoneer deposits so as not to risk your funds.
There are a few fees to have in mind when buying Bitcoin with Payoneer. These fees play a part in your choice of buying Bitcoin. Below are those fees:
Exchange rate fee
0.5% – 1%
A tabular representation of fees for buying Bitcoin with Payoneer.
There are a plethora of alternatives for buying Bitcoin. You can use a fintech company or the traditional means. Below are alternatives to buying Bitcoin: