How To Buy Bitcoin With Wise (TransferWise)

Wise, formerly known as TransferWise, is a money transfer service for multi-currency accounts. Despite the fact that its customers can make bank transfers in fiat currencies with low fees, the Wise service is also friendly to cryptocurrencies. Additionally, it offers users an easy way to invest in Bitcoin and other crypto using crypto exchanges. In this article, we will take a detailed look on how to buy and send Bitcoin using Wise.

A Guide On How To Buy Bitcoin With Wise (TransferWise)

If you have a Wise card, you can buy cryptocurrency in the same way as with any debit or credit card. To do this, you need to find a crypto exchange that accepts Wise as a payment method. Then select the cryptocurrency you want to buy, in this case Bitcoin, and complete the transaction.

An alternative option is to buy directly from other people through P2P platforms. For example, Cryptomus P2P exchange accepts Wise as a payment method and ensures the security of users' personal data, making it one of the safest options. On this P2P platform, you can also buy more than 20 cryptocurrencies with a commission of only 0.1%.

Here is a step-by-step guide to buying cryptocurrency with Wise.

Step 1: Open a Wise Account

Firstly, you have to sign up at Wise in order to open the account. You can use your email address to do it. The service will ask you to confirm your identity with an ID document or taking a selfie. After that, top up your account for further purchases.

Step 2: Choose a Crypto Exchange

You can buy Bitcoin and other crypto with Wise by direct purchase on a crypto exchange or P2P platform. Keep in mind that the platform must accept Wise as a payment method. A profitable solution is to buy cryptocurrency on Cryptomus P2P exchange, you can easily manage your finances after completing KYC verification. This process takes only a few minutes and gives you access to the platform's functionality.

Step 3: Configure the Filters

On the P2P platform’s homepage enter the data that best fits your needs. Choose the fiat currency you wish to make the purchase and select Wise as a preferred payment method. This way you will filter the list of offers and select the most suitable one.

Step 4: Select The Seller

The P2P platform will provide you with a list of sellers for your request. Bitcoin here will be sold at market value, but the terms of sale will differ. Therefore, choose the one that suits your needs best. Also pay attention to the Wise service in the list of sellers’ possible payment methods.

Step 5: Make The Deal

Discuss all the transaction details with the seller before completing it. Then enter the seller information’s details: name, wallet address, bank account data and payment method. After that, transfer the money and wait for the Bitcoins to arrive on your cryptocurrency wallet.

So, to use Wise on the Cryptomus P2P exchange, you have to create an account there, select the cryptocurrency you are planning to buy and choose Wise as a payment method.

How To Send Bitcoin With Wise (TransferWise)?

You cannot send Bitcoins directly from Wise; first, you need to buy them on a third-party exchange. After purchasing, go to the Wise app and enter the address of the cryptocurrency wallet to which you plan to send the funds and the amount, then confirm the transaction.

To store Bitcoin, you can also use the Cryptomus wallet. Utilize it to store your cryptocurrency in one place, ensure its security, and enjoy fast transactions.

Tips For Successfully Buying and Sending Bitcoin With Wise

The cryptocurrency market is subject to significant price changes, therefore risky investments. Before buying digital coins with Wise, you need to make sure that your transactions are profitable and safe in the following ways:

• Monitor your investment: study the market to stay informed of any changes in Bitcoin prices.

• Invest as much as you can afford to lose: you need to be prepared for different price changes because of the market volatility. To develop a competent financial strategy, learn our guide about it.

• Choose a reputable exchange: make sure the chosen exchange has a verified license and an extended working base. Check exchanges for AML policies. For instance, Cryptomus complies with a set of measures and has recently launched AML Checker, which allows you to verify the legality of the money in your account.

• Protect your wallet: store your crypto in a secure wallet where it would be difficult for hackers to break into it. For example, on Cryptomus you can enable two-factor authentication, strong password, and other additional security measures, which protect all your personal data and a wallet account.

• Use secure networks: public computers or Wi-Fi can be dangerous and risky for transactions’ security. Always use only your personal computer, preferably with a VPN.

With Wise you can easily buy and send Bitcoin using a reliable P2P exchange. Moreover, if you have a Wise card, purchasing digital coins becomes even easier. But the choice of payment method always depends only on your preferences.

We hope this article has helped you learn more about Wise service, and now you can easily make cryptocurrency transactions with peace of mind. Ask your questions if you have any!