How to Buy Crypto with Payoneer

Can I Buy Bitcoin with Payoneer?

Yes, Payoneer clients can transfer funds like US Dollars, Euros or GBP through Payoneer to regulated cryptocurrency platforms in the USA, Europe, Asia and South America. This method enables access to Bitcoin and digital asset trading. For secure investments, choosing exchanges compliant with financial regulators such as the Financial Conduct Authority (FCA) or equivalent global authorities is advisable for compliant and reliable transactions.

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How to Buy Crypto with Payoneer

For those utilizing Payoneer, engaging in cryptocurrency transactions is optimally conducted through a regulated exchange like Bybit. Bybit aligns with international regulatory standards and offers an extensive array of over 1000 digital currencies. Facilitating the transfer of funds is effortless with Payoneer, and you can utilize various methods including bank transfers and credit or debit card transactions.

Embark on your cryptocurrency investment journey through Payoneer by following these steps:

1. Account Setup: Begin by creating an account on Bybit. Complete the necessary verification steps to ensure account security and compliance.
2. Selecting a Payment Method: Navigate to the ‘Buy Crypto’ section on Bybit and pick a deposit option.
3. Currency Selection: Select your preferred currency for the transaction.
4. Purchasing Digital Currency: Decide on the cryptocurrency you wish to buy and proceed to complete the transaction.

Payoneer Cryptocurrency Policy

Payoneer offers a conducive environment for those interested in cryptocurrency trading, by enabling fund transfers to digital asset exchanges regulated by esteemed financial authorities. Such regulators include the U.S. Securities and Exchange Commission (SEC), the Financial Conduct Authority (FCA) in the UK, and the European Securities and Markets Authority (ESMA). While Payoneer itself does not directly engage in cryptocurrency transactions, it acts as a vital link between conventional financial mechanisms and the burgeoning world of digital currencies.

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Digital Asset Investing Fees

When investing in digital assets through Payoneer, it's important to know the various fees associated with cryptocurrency trading. Here's a breakdown of common fee types on digital asset platforms:

• Transaction Fees: These are charges applied by exchanges during the purchase or sale of digital currencies. Often presented as spreads, they typically stay below 1% with Bybit being the most competitive at 0.1%.
• Deposit Fees: The cost for depositing funds can vary based on the chosen method. While SEPA and bank transfers might be fee-free, using credit or debit cards for deposits could attract charges upwards of 2%.
• Withdrawal Fees: The fees for withdrawing different cryptocurrencies vary. For example, a Bitcoin withdrawal might have a fee of around 0.0005 BTC.

Compared to some platforms like Coinbase, which can have transaction fees as high as 3%, Payoneer, in collaboration with platforms like Bybit, offers a more competitive fee structure, including several deposit options free of charge.

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What is Payoneer?

Founded in 2005, Payoneer is a leading financial services company offering online money transfer and e-commerce payment solutions. It facilitates secure, fast, and efficient cross-border payments for businesses. Alongside, Payoneer provides a prepaid MasterCard, allowing easy access to funds via ATMs and enabling online and in-store purchases. 

Headquartered in New York and operating globally with offices in the UK, Israel, China, and the Philippines, Payoneer serves over four million users in over 200 countries. Regulated by the US Financial Crimes Enforcement Network (FinCEN), Payoneer is a licensed money transmitter in the US. It is recognized by the Better Business Bureau (BBB) and the Electronic Transactions Association (ETA).

Final Thoughts

To summarize, Payoneer stands out as a key facilitator for entering the cryptocurrency market, especially through its integration with regulated exchanges like Bybit. While not directly offering crypto trading, its capability to transfer funds to these platforms offers a secure and streamlined path for users. Bybit’s extensive range of over 1000 digital currencies, combined with its compliance with international financial regulations, makes it a top choice for Payoneer users seeking a reliable and diverse crypto trading experience.