Summary: Payoneer does not directly support cryptocurrency investing through its digital banking app. That said, customers can withdraw funds from their Payoneer account into a licensed and regulated exchange to buy and sell digital assets.

For investors looking to get started quickly, we recommend the Bybit platform. They offer instant Payoneer deposits via Bank Transfer, Debit Card or Credit Card to buy, sell and stake over 350 cryptocurrencies with industry-leading fees. The platform is available in over 150 countries and offers support for over 20 languages.

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Table of Contents

Can you Buy Crypto with Payoneer?

Yes, Payoneer users can buy and sell cryptocurrency through reputable global crypto exchanges approved by major financial regulators, enabling transactions in various currencies from Payoneer accounts or linked cards. These platforms allow you to deposit funds and buy various crypto assets to either withdraw to a personal wallet or keep on the exchange.

How to Buy Bitcoin and Crypto with Payoneer

To buy digital currencies using Payoneer, you must find a regulated and secure platform that accepts deposits from Payoneer accounts and cards. This approach enables users to effortlessly transfer various currencies with minimal fees to purchase, trade, and hold cryptocurrencies such as Bitcoin, Ethereum, and more.

We recommend starting with a globally recognized exchange like Bybit, and the process is straightforward:

  1. Sign Up: Create an account on Bybit and complete the verification process.
  2. Locate the Buy Page: Choose the 'Buy Crypto' tab in the navigation menu.
  3. Deposit Funds: Select the currency you want to deposit and the amount.
  4. Buy Crypto: Click 'Buy' and pick your Payoneer as your payment method, or complete a bank transfer from your Payoneer account.
Buy Crypto Payoneer
Buy Crypto with Payoneer.

Is Payoneer Crypto-Friendly?

Payoneer is a cryptocurrency-friendly digital bank that allows its customers to buy and sell digital assets with licensed and regulated trading platforms in their jurisdiction. That said, the bank does not allow users to withdraw funds onto unlicensed off-shore trading platforms like or KuCoin that try to actively avoid compliance from financial regulators.

About Payoneer

Payoneer is a financial services company that provides online money transfer and e-commerce payment solutions. Payoneer was founded in 2005. The company enables businesses to send and receive cross-border payments quickly, easily and securely. Payoneer also offers a prepaid MasterCard card that allows customers to withdraw funds from ATMs and make purchases online and in person.

Payoneer is headquartered in New York, with offices in the United Kingdom, Israel, China and the Philippines. The company has over four million customers in more than 200 countries and territories. Payoneer is regulated by the US Financial Crimes Enforcement Network (FinCEN) and is a licensed money transmitter in the United States. The company is also a member of the Better Business Bureau (BBB) and the Electronic Transactions Association (ETA).

Payoneer App.
Payoneer App.

Final Thoughts

In conclusion, buying and selling cryptocurrency with Payoneer is certainly possible, with a variety of global crypto exchanges supporting transactions from Payoneer accounts and linked cards. By following simple steps on a regulated platform such as Bybit, users can conveniently purchase, trade, and hold digital currencies like Bitcoin and Ethereum.

While Payoneer is crypto-friendly, it maintains stringent compliance measures and only allows transactions with licensed and regulated platforms, limiting its use with unlicensed offshore trading platforms. Thus, Payoneer offers a secure and convenient way to delve into the world of cryptocurrency.