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How to Buy Crypto with Payoneer

How to Buy Crypto with Payoneer

Adrian Graham
Adrian Graham
Head of Research
Fact Checked
January 13, 2023
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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 Uphold platform. They offer instant Payoneer deposits via Bank Transfer, Debit Card or Credit Card to buy, sell and stake over 200 cryptocurrencies with zero fees. They are also one of the only exchanges in the world with a real-time audited proof-of-reserves.

Table of Contents

Best Crypto Exchange for Payoneer Deposits

Platform Highlights

  • Trade 210+ Cryptos with fast USD, EUR, GBP, AUD or 30 other currency deposits from Payoneer.
  • Regulated and Licensed in 120+ countries and has audited Proof-of-Reserves for customer funds.
  • Offers multiple asset classes including Crypto (and Crypto Staking), Stocks, ETFs, Metals, Currencies and more.
Uphold - Payoneer
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Audited Proof of Reserves
Audited Proof of Reserves

Can I buy Cryptocurrencies with Payoneer?

The short answer is yes. While the Payoneer platform does not directly offer cryptocurrency investing services, they do allow investors to transfer funds into regulated crypto brokerage platforms.  This means that it is both safe and possible to use Payoneer to buy digital assets.

The most popular way to buy cryptocurrencies is through online exchanges. These platforms match buyers and sellers of digital assets and usually charge a small fee for their services.

Payoneer App.
Payoneer Digital Banking.

How to Buy Crypto or Bitcoin with Payoneer

As mentioned above, the easiest method to buy and sell cryptocurrencies in over 140 countries with a Payoneer deposit is with the Uphold platform. They offer instant and cheap fiat deposits via Payoneer bank transfer, debit card and credit card to trade a wide variety of assets including Bitcoin, Ethereum, Solana, Avalanche and many others.

You can get started in 4 steps with our simple guide:

  1. Sign Up: Create an account on Uphold and complete your verification (personal or company).
  2. Connect Account: Select the currency you want deposit on the Uphold Platform (USD, EUR, GBP, AUD + 30 more).
  3. Deposit Funds: Connect your Payoneer Account or Payoneer Card to quickly deposit your selected fiat currency.‍
  4. Buy Crypto: The final step is to find the cryptocurrency you want to buy and execute your trade.
Deposit Via Payoneer Bank Account or Card.
Deposit Via Payoneer Bank Account or Card.

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 Gate.io, Bybit and other exchanges that try to actively avoid compliance from financial regulators.

Overall, Payoneer is one of the few digital banks that are both crypto-friendly and fully licensed and regulated by financial authorities. This makes Payoneer one of the most trusted digital banks for buying and selling cryptocurrencies.

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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 App.

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).

Post Tags

Digital Banks
EU Banks
USA Banks
UK Banks
Digital Assets
Centralized Exchanges

Adrian Graham

Co-Founder & former Investment Banker (Finance MBA) turned Full-Time analyst and Head of Research at Buy Bitcoin Bank. Left traditional finance to pursue my interest in digital assets and decentralized finance.

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