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How to Buy Bitcoin With Paysafecard in 2024

By Alice Leetham - Updated 07 November 2023
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A Paysafecard provides a simple and secure way to buy Bitcoin with cash—even if you don’t have a bank account or credit card. In this article, we’ll go through how to buy Bitcoin with Paysafecard and the best places to do it.

How to Buy Bitcoin with Paysafecard

The easiest way to buy Bitcoin with paysafecard is to purchase it online from a crypto exchange. Exchanges make it easy to buy and sell Bitcoin and other cryptocurrencies directly from your smartphone, tablet or computer. Check out our recommended platforms below and follow the steps to safely buy Bitcoin with Paysafecard.

1. Choose a platform

Hit the sign-up button and provide any details requested. You may also need a photo ID and/or proof of address to complete the KYC process. The safest place to buy Bitcoin is a regulated platform and you can register with one of our top recommendations below.

1
Min. Deposit
$ 10
User Score
5
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Open Account
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Wire Transfer
Full Regulations:
CySEC, FCA
2
Min. Deposit
$ 100
User Score
4.95
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
Visit Site
Description:
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Visa, Mastercard, American Express, Trustly, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill
Full Regulations:
ASIC, FCA, FSA, MAS, CySEC #250/14
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
3
Min. Deposit
$ 0
Promotion
User Score
4.8
Get insights from millions of investors, creators, and analysts
Build your portfolio of stocks, ETFs, and crypto–all in one place
No minimum deposit
Visit Site
Description:
Public is an investing platform that allows you to invest stocks, ETFs, crypto, and alternative assets like fine art and collectibles—all in one place.
Payment Methods:
Debit Card, Wire Transfer, Check, Bank Wire
Full Regulations:
Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

2. Make a deposit using Paysafecard

To fund your account, go to the deposit page. You will be given a list of available payment options from which you can select Paysafecard. Enter the amount that you want to deposit, then enter your 16-digit paysafecard code and transfer the funds to your account.

3. Buy Bitcoin

Now that you have funds in your account, you can find the BTC trading pair for your local currency and create a buy order for the amount you wish to purchase. A market order will execute immediately, while a limit order will execute once BTC reaches your chosen price.

Table of Contents

Where to Buy Bitcoin with Paysafecard?

What you want from a platform will help you choose which to use. This may include security, low fees, or specific features such as copy trading. The best and safest platforms that support paysafecard are listed below.

1
Min. Deposit
$ 10
User Score
5
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Open Account
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Wire Transfer
Full Regulations:
CySEC, FCA
2
Min. Deposit
$ 100
User Score
4.95
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
Visit Site
Description:
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Visa, Mastercard, American Express, Trustly, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA, Bank Transfer: FPS, skrill
Full Regulations:
ASIC, FCA, FSA, MAS, CySEC #250/14
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
3
Min. Deposit
$ 0
Promotion
User Score
4.8
Get insights from millions of investors, creators, and analysts
Build your portfolio of stocks, ETFs, and crypto–all in one place
No minimum deposit
Visit Site
Description:
Public is an investing platform that allows you to invest stocks, ETFs, crypto, and alternative assets like fine art and collectibles—all in one place.
Payment Methods:
Debit Card, Wire Transfer, Check, Bank Wire
Full Regulations:
Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

1. eToro

eToro is an online broker with a global reach and a local feel. They offer crypto brokerage services to a large user base of 25 million clients from around the world via their mobile Android and iOS apps. Their selection of cryptos includes major coins and tokens (like Bitcoin and Ethereum) across several blockchain networks.

While eToro only supports USD as the base currency, they allow deposits in other major currencies, however, they charge a conversion fee. Deposit methods include electronic wallets like PayPal, bank transfers, credit/debit cards, and Rapid Transfers. Certain currencies are supported by some deposit methods. For example, PayPal supports deposits in EUR, GBP, USD, and AUD.

After depositing, head to their exchange to purchase crypto. You can read our full eToro review here.

2. Binance

Binance is the largest crypto broker and exchange in the world. They offer multiple services like staking, saving, NFT trading, crypto bot trading, and a list of others, however, they are most popularly known for their exchange. Binance is trusted by more than 28 million users across the world and has one of the largest collections of coins and tokens on its global exchange. In the US, however, its collection is limited to 60 cryptos, still more than many of its US peers.

The goliath exchange supports deposits in 13 currencies including USD, GBP, EUR, TRY, AUD, and even more exotic currencies like the Peruvian sol, the Ugandan Shilling, and the Kazakhstani Tenge. You also have the option of depositing funds through their P2P market which supports 59 payment methods around the world.

You can read our full Binance review here.

3. Local Bitcoins

Local Bitcoins is a global peer-to-peer (P2P) marketplace that exchanges only Bitcoin. Buyers and sellers from all walks of life meet to trade BTC securely. The marketplace also acts as an escrow account to ensure all counterparties act honestly.

Traders can create listings in their local currencies and include payment methods of their choice. Local Bitcoins support several payment methods including paysafecards. You can buy crypto using a Paysafecard in the same currency as your card by searching for a seller who accepts it. However, pay attention to the number of reviews they have.

When you find a seller whose price and quantity match yours, click on Buy and send over your code. After confirmation, your BTC will be released to you.

You can read our full LocalBitcoins review here.

4. Skrill

Skrill is another broker that allows direct deposits with Paysafecard. Skrill is an online wallet that allows users to pay, send and receive money, and buy cryptos. It is most popularly known for allowing users to send money to foreign bank accounts at reduced (if not free) rates.

While Skrill is primarily a digital wallet, it is integrated with reputable exchanges to deliver crypto exchange services to its users although it does not swap these cryptos itself, at least not on the backend.

You can buy Bitcoin with a Paysafecard by first depositing your funds in your Skrill wallet and then swapping for your choice of more than 40 cryptocurrencies.

5. Paxful

Paxful is a P2P marketplace that supports several funding methods including the paysafecard. You’ll need to sign up for an account using your email to get started. Afterward, you can search the marketplace for a seller. Filter your search to narrow your results to sellers who accept Paysafecard.

When you find one, ensure their price and quantity match your expectations. Click Buy and complete the transaction. Usually, you’ll send your code to the seller to consume before they send your crypto so it’s wise to have some extra funds on the code to cover price differences but not so much that you’re overpaying.

Also, ensure you check sellers’ ratings before transacting with them as Paxful has a reputation for being riddled with crypto scammers. While there are authentic sellers on the platform, you should trade with caution at all times.

What is Paysafecard?

Paysafecard is an eCash payment solution from the Paysafe Group, a company dedicated to providing solutions that make sending and receiving payments as easy as paying with cash. The parent company, founded in 2001 and located in Vienna Europe, offers several payment solutions. The Paysafecard is the more privacy-focused option as you do not need to register for an account to obtain a card. Simply walk into one of their 650,000 global sales outlets and buy one.

The card, which works like a voucher, prepaid card, or gift card, comes with a 16-digit number called a code or PIN which is used for payments online. Because the card is similar to a prepaid card or gift voucher, you buy it and load the code with cash at the outlet.

After getting the card, navigate to your preferred crypto broker that supports paysafecards to purchase crypto and enter the 16-digit code at checkout to complete your purchase. Because you don’t need an account to get a card, you can get several cards and use them simultaneously to make large singular purchases.

What to Look for in a Paysafecard Bitcoin Broker

Low or No Transaction Fees

Before you buy Bitcoin on any platform, ensure that you take a look at the fee structure. In general, most platforms have a trial period without fees or will waive fees if you invest enough with them. Also remember to check any closure fees if you are unsure if you will keep your account forever.

Buy/Sell Controls and Tools

Some apps will have a watch list or notifications to help you track the market. Some brokers may only provide the ability to sell and buy at the current market rates, while others will give you options but with limits.

Ability to Take Crypto Off-Platform

Some crypto brokers will allow you to hold Bitcoin in an account on their platform. This can be problematic as if there is a major market move, the app could have performance issues with the volume of traffic logging on to make trades.

Pros & Cons of Buying Bitcoin with Paysafecard

Here are some advantages and drawbacks of using a Paysafecard to help you decide whether it’s right for you.

Pros

  • Fast. All you need to do is enter your 16-digit code and you can make a payment in seconds.

  • Accessible. You don’t need to have a credit card or even a bank account to use a Paysafecard.

  • Feeless payments. Using a paysafecard to make payments is generally free of charge.

  • Anonymous. You can make limited payments with a Paysafecard without registering, meaning you don’t need to give up any personal information.

  • Convenient. There are many places you can buy and spend a Paysafecard, and you can also download the app to manage your account on the go.

Cons

  • Payment limits. There are limits on the amount you can spend per transaction with a Paysafecard, and the limit is fairly low without registration.

  • Limited acceptance. Not everywhere will let you pay with a paysafecard so you may find your choice of crypto platforms is limited.

Fees When Buying Bitcoin with Paysafecard

Although it is generally free to pay with a Paysafecard, crypto brokers and crypto exchanges may choose to charge a deposit fee—check the platform website for details. Other costs to watch out for include blockchain transaction fees, spreads, and trading fees.

Is Buying Bitcoin with Paysafecard Right for Me?

If you want the convenience and anonymity of cash and the ability to spend online, a Paysafecard could be just what you need. In particular, Paysafecards are a great way for people without a bank account to purchase Bitcoin.

Is it Safe to Buy Bitcoin With Paysafecard?

Paysafecard is a safe method of purchasing crypto because of its privacy. You do not need to provide your personal information so your details are kept away from your crypto transactions at all times. However, you should be careful how you use the card because safety on a payment level does not mean safety on a platform level.

For example, you can still get duped on p2p markets if you do not leverage their escrow services. Also, the privacy that Paysafecards provides is rendered irrelevant if you provide personal information to your broker account.

Final Thoughts on Buying Bitcoin With Paysafecard

Paysafecards are an eCash payment solution that allows you to make payments without having to disclose your personal or banking information. The card provides a 16-digit code that you use to pay, similar to a prepaid voucher.

Major exchanges do not accept Paysafecard as a direct deposit method, but you can either use it on other p2p marketplaces like LocalBitcoins and Paxful or with electronic wallets like Neteller as a middleman to move your funds between Paysafecard and major exchanges.

Although there are other alternatives to buying with Paysafecard, it is the best option for those who wish to maintain anonymity. However, just because your payment method is anonymous doesn’t mean your transactions are anonymous. If you register on an exchange, then a record of your crypto transactions will be held by that exchange.

Frequently Asked Questions

Is buying Bitcoin with a paysafecard anonymous?
You can buy and use a paysafecard without providing any personal information. However, regulated crypto platforms tend to require you to prove your identity before you can purchase Bitcoin.
Can I buy other cryptocurrencies with a paysafecard?
Yes. If your crypto platform accepts paysafecard, you can use it to purchase any cryptocurrency listed on the platform.
Is there a limit to how much Bitcoin I can buy with a paysafecard?
If you use a paysafecard without registration, you will be limited to £40 per transaction. This increases to £1,000 per transaction if you register.
Can you buy crypto with paysafecard?
Yes, you can buy crypto with a paysafecard by using a broker or a marketplace that accepts it as a deposit method or a payment method for p2p transactions. To deposit, use the 16-digit prepaid code to deposit the funds on your PIN. It is good practice to keep a little above the amount you want to buy on your card.
Is it safe to buy crypto with paysafecard?
Yes. It is safe to buy crypto with a paysafecard. This is because you do need to provide your bank details to obtain a card, so your details stay private.
Are there fees associated with using paysafecard to buy Bitcoin?
There are some charges, but they are not official fees. One such charge is slippage. During high volatility periods, the price of Bitcoin (or any other crypto) changes rapidly between the time you place the buy order and when the transaction goes through. This price change is called the slippage and is paid by you if the price increases.
Can I withdraw my funds from my paysafecard?
You can only withdraw funds to a paysafecard account or an electronic wallet like Skrill or PayPal. The difference between a paysafecard and a paysafe account is that the card is anonymous. You’ll need to register to get an account.
Where can I find paysafecard outlets?
There are about 650,000 outlets worldwide. To find one near you, download the app from the Android or IOS app store and use the in-built locator to find an outlet near you.