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.
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 eToro 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:
- Sign up to the eToro platform.
- Select the 'Deposit Funds' button at the bottom of your screen.
- Select Bank Transfer, Debit Card or Credit Card to transfer any fiat currency from your Payoneer account or Payoneer Card.
- Once the money hits your account, find the crypto you want to buy and execute your trade.
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.
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).