How to Buy Crypto with QIWI

Can I Buy Bitcoin with QIWI?

Absolutely, QIWI assists its users in navigating the expanding digital asset market by allowing them to transfer funds to Russian cryptocurrency investing platforms and buy a variety of tokens like Bitcoin. While QIWI does not directly enable the purchase of these assets within its systems, it mediates transactions to secure third-party platforms. Our experts suggest using a licensed exchange within Russia's jurisdiction for added security and compliance with country regulations.

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‍How to Buy Crypto with QIWI

QIWI users can engage in trading various digital currencies through trustworthy exchanges, which is in line with stringent regulatory requirements. Bybit is the prime choice for Russian investors aiming to diversify their portfolios with crypto assets, offering an extensive range of over 940 tokens. It also provides a streamlined deposit procedure in RUB and EUR, accepting various payment methods, including credit cards, direct bank transfers, Payeer, Advcash, and more.

For newbies willing to explore the crypto market, here is our simplified guide:

1. Create an Account: Register on Bybit, ensuring all identity verification steps are completed.
2. Pick a Payment Method: Visit the ‘Buy Crypto’ section and choose QIWI as your deposit method.
3. Select a Currency: Pick ‘RUB’ or ‘EUR’ and click on your preferred payment method.
4. Conclude the Purchase: Explore the range of coins available, specify your investment amount, and press the ‘Buy’ button.

QIWI Cryptocurrency Policy

QIWI embraces the cryptocurrency market by enabling its customers to purchase digital assets. It achieves this by partnering with trading platforms accredited by the Central Bank of Russia, in line with regulatory frameworks. Bybit is the leading choice for Russian clients when it comes to a secure and transparent investment environment. In this regard, Bybit is committed to compliance and safeguarding its users with unique features like triple-layer asset, privacy, and advanced data protection.

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Digital Asset Investing Fees

For those venturing into the world of digital asset investments, getting familiar with the various fees associated with these exchanges is crucial. This knowledge can guide you in making smarter decisions. Here’s a rundown of common costs you may face:

• Funding Expenses: The amount charged for depositing funds into your account varies with the chosen payment method. While options like bank and SEPA transfers might not impose any fees, credit or debit card transactions could cost over 2%.
• Transaction Fees: Incurring an expense is standard practice each time you purchase or sell a digital asset. Platforms like Bybit usually keep these fees low, typically under 0.1%. For comparison, this number goes as high as 5% on other exchanges, like Coinbase.
• Withdrawal Charges: The fee for withdrawing varies depending on the cryptocurrency. Most platforms set a standard rate; for instance, 0.0005 BTC for all Bitcoin transactions.

Bybit is a more efficient choice than most of its competitors. Its policy of not charging for RUB and EUR deposits reduces the overall cost for QIWI users who frequently move funds. This approach of minimizing deposit and transaction fees makes Bybit an appealing platform for both novice and experienced traders, ensuring that more of their investment goes into the assets rather than being eroded by high charges.

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What is QIWI?

QIWI is a leading Russian payment service provider that specializes in facilitating instant payments for consumers and businesses. Founded in 2007, the company operates a vast network of over 20 million digital wallets, as well as physical kiosks and terminals, making it easier for users to pay for goods and services both online and offline.

Its robust platform supports a wide range of payment methods, including bank cards, mobile payments, and cash deposits, thereby offering unparalleled convenience. Known for its secure and user-friendly interface, the company has expanded its reach beyond Russia to other countries in Eastern Europe, the Middle East, and the United States.

Final Thoughts

In summary, QIWI is a versatile payment service provider that bridges the gap between traditional finance and the burgeoning cryptocurrency world. Although it doesn't directly offer digital asset trading, it facilitates easy access to this market by allowing seamless integration with external exchanges. Bybit, with its free and instant RUB deposits, offers an efficient and secure platform for crypto investment. Its has a vast selection of over 940 tokens, multilingual customer support available in Russian, and simple interface.