Summary: Neteller, a well-established digital wallet, permits the purchase of over 40 cryptocurrencies, including Bitcoin. While this service is attractive, its high transactional fees (1.9% for crypto transactions, plus a 1%-2.5% deposit fee) exceed industry standards, making it less appealing to some users.
Regulated exchange Bybit provides a more cost-effective option for Neteller users, supporting a variety of deposit methods. Despite its support for crypto transactions, Neteller limits the transfer of cryptocurrencies to non-Neteller wallets or exchanges, which should be factored in when choosing a payment and exchange service.
- Free and cheap multi-currency deposits from Neteller.
- Trade 400+ Cryptocurrencies & stake, borrow and lend 200+ tokens
- Trusted and globally regulated platform with over 10 million users
Can I Buy Bitcoin with Neteller?
Yes, you can purchase over 40 different cryptocurrencies via Neteller Crypto. However, their high transactional fees, 1.9% for cryptocurrency transactions and an additional 1%-2.5% deposit fee, make it less appealing. These rates exceed the industry average, thus reducing its popularity as a digital asset investment platform.
How to Buy Bitcoin and Crypto with Neteller
As previously mentioned, the most convenient and secure method to purchase Bitcoin and other digital assets using your NETELLER account is via a trusted and regulated exchange such as Bybit. Bybit offers an excellent platform for NETELLER users, supporting deposits through a range of methods which include but not limited to, bank transfers, card payments, and the NETELLER system itself.
Follow the simple steps below to commence your journey:
- Register for a free account on Bybit using your email address.
- Decide on the fiat currency you intend to use and the digital asset you wish to acquire.
- Opt for NETELLER as your preferred method to transfer funds.
- Finalize the transaction, and the cryptocurrency should instantly appear in your Bybit account.
Neteller Cryptocurrency Policy
Neteller is relatively crypto-friendly, meaning that the platform provides services that allow users to buy and sell various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and others directly from their accounts.
Neteller users can also hold these cryptocurrencies within their account and can make transactions with merchants that accept cryptos. However, users cannot transfer cryptocurrencies from their account to a non-Neteller crypto wallet or exchange.
About Neteller
Neteller is an online payments platform and digital wallet that allows users to transfer money and make online payments. It is owned by Paysafe Group, a publicly traded company on the London Stock Exchange. Neteller has been in operation since 1999 and has over 20 million account holders worldwide. It's regulated by the Financial Conduct Authority (FCA) in the United Kingdom and has a strict anti-fraud policy.
It is available in 190 countries and supports over 22 currencies. Neteller also offers a prepaid Mastercard, which can be used to withdraw cash at ATMs or make purchases anywhere Mastercard is accepted. Neteller also offers buyer protection for certain types of transactions. The platform also offers its own cryptocurrency investing platform.
Final Thoughts
In conclusion, while Neteller does offer the ability to purchase over 40 different cryptocurrencies including Bitcoin, its high transactional fees may deter many potential users. To circumvent these fees, a secure and reliable method would be to use a regulated exchange like Bybit, which provides support for a wide range of deposit methods including Neteller.
Despite its crypto-friendly policies, users must remember that Neteller restricts the transfer of cryptocurrencies to non-Neteller crypto wallets or exchanges. Therefore, while Neteller can be a viable method for cryptocurrency transactions, considering all aspects before deciding on a payment and exchange service is advisable.
Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.
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