How To Buy Bitcoin With Payoneer

Buying cryptocurrency with Payoneer may seem like a complicated process that requires a lot of steps. At the same time, following some recommendations, it is quite easy to navigate the steps. In this article, you will learn how to buy Bitcoin with Payoneer and how to do it in the most profitable and safest way.

What Is Payoneer?

Before learning the specifics of buying crypto with Payoneer, it is necessary to understand what kind of system it is and how it works. Payoneer is a digital payment platform that lets you make the transactions online. Payoneer does not make direct transactions with cryptocurrency, but serves as a link with crypto exchanges. You can buy Bitcoin and other crypto using the Payoneer system on P2P platforms.

If you are looking for a reliable platform to buy or sell Bitcoin for the first time, try Cryptomus P2P exchange. It supports over 20 cryptocurrencies and has a simple and intuitive interface, so you can make transactions there easily and quickly.

A Guide On How To Buy Bitcoin With Payoneer

The process of buying Bitcoin and other cryptocurrencies using the Payoneer depends on the used platform. At the same time, this process is similar almost on any service and includes several steps.

Step 1: Set Up Your Payoneer Account

Install the Payoneer app to your device or go to the website and create an account there. This process is simple: you need to enter a valid email address, your phone number and ID for KYC verification. After confirming, you can top it up with fiat currency.

Step 2: Create An Account On The Crypto Platform

Choose a reliable P2P exchange to purchase digital coins and create an account there. In this case, you will also need to verify your account using your ID and contact details — each exchange has its own requirements for personal information.

Step 3: Choose A Preferred Cryptocurrency

The next step is choosing the crypto that you are going to buy — for example, Bitcoin.

Note that it accepts Payoneer as payment methods. Unfortunately, Cryptomus P2P exchange does not cooperate directly with Payoneer at the moment. However, you can buy Bitcoin on the P2P platform through other available payment methods.

Step 4: Find A Seller

Now you can start exploring offers where sellers accept Payoneer as a payment method. You have to choose the option that has everything you are looking for and that seems to be the most reliable. It is also advisable to talk to every seller you’ve chosen and discuss the details of the transaction before making it. It can be done in the chat of the crypto exchange.

Step 5: Make A Deal

When the seller is selected and the details of the transaction are agreed, you can make a payment to him via Payoneer. The payment must be transferred to escrow. Once you receive the crypto to your account, then you can cancel the escrow. The process of buying Bitcoin with Payoneer usually takes from a few minutes to several hours.

Tips Of Buying Bitcoin Successfully With Payoneer

If you want your transactions with Bitcoin and other cryptocurrencies through Payoneer to be safe and profitable, you need to choose a cryptocurrency exchange carefully.

Here are some tips on how to buy crypto with Payoneer successfully:

• Choose a crypto exchange with a large list of offers: it will be useful if you want to find the best deal and plan to buy cryptocurrency more than once;

• Look for low fees: check the fees of the crypto platform: some of them may not charge at all or take a minimum amount of commission;

• Choose the experienced platform: the exchange must have at least several years of experience working with cryptocurrency transactions — it will show its reliability;

• Study the reviews: you should give preference to an exchange with a lot of positive reviews. Use the experience of other users to choose the best service for yourself;

• Avoid scammers: use strong passwords and enable two-factor authentication to protect your account. Also, do not click on suspicious links in emails. Moreover, check your chosen crypto platforms for AML policies. For example, Cryptomus platform cares about the safety of its users and recently launched AML Checker, which allows you to find out how safe your crypto wallet is.

You can buy cryptocurrency with Payoneer using exchange platforms easily and quickly. You can also buy Bitcoin with Payoneer anonymously on exchanges that don’t require verification. However, you can not store Bitcoin in your Payoneer account but you have to keep your crypto in an exchange account using the cryptocurrency wallet. Moreover, the Payoneer system is not supported by all crypto platforms, so this list is quite limited. It can also be difficult to find sellers with affordable payment offers through Payoneer, which often forces users to look for other ways to buy crypto.

We suggest buying Bitcoin and other cryptocurrencies on Cryptomus P2P exchange as it is a reliable platform trusted by thousands of users. Anyway your choice should depend on your needs and preferences. Hopefully, this article has helped you to understand the process of buying crypto with the Payoneer system, and now you see how to do it with the help of any P2P exchange. Ask your questions if you have any!