Summary: Paysend does not provide direct access to cryptocurrency investments through its own platform. For Paysend clients keen on exploring the cryptocurrency market, it's advisable to engage with regulated digital asset exchanges in the United Kingdom. Selecting platforms overseen by respected financial authorities like the Financial Conduct Authority (FCA) is essential to ensure the security of your funds.
After examining leading exchanges, we determined eToro as the best choice for Paysend users. eToro enables seamless deposits in multiple currencies, including GBP and EUR. Once funds have been deposited, they can be swapped for a broad selection of cryptocurrencies, such as Bitcoin and Ethereum, as well as traditional assets like stocks, indices, ETFs, and commodities. eToro is recognised for its worldwide presence and offers a multilingual interface.
- Financial Conduct Authority (FCA) registered broker with over 30 million users.
- Buy, sell and trade over 3,000 Cryptocurrencies, Shares, ETFs and more.
- Instant deposits through Faster Payments, bank transfer, credit cards and more.
Don’t invest unless you’re prepared to lose all the money you invest.
Can I Buy Bitcoin with Paysend?
Certainly, Paysend clients can acquire Bitcoin and an assortment of other cryptocurrencies by utilising trustworthy digital asset exchanges in the UK. For safeguarding your investment, it's crucial to interact with platforms overseen by financial regulators such as the Financial Conduct Authority (FCA). After transferring their funds to these exchanges, Paysend users can seamlessly convert their money for various cryptocurrencies, including Ethereum and Litecoin.
How to Buy Crypto with Paysend
Paysend clients can buy, sell, and trade digital assets through established exchanges that enable Euro transactions. A standout choice is eToro for its compliance with FCA regulations and a diverse portfolio of over 3,000 cryptocurrencies, stocks, commodities, indices, and fiat currencies. eToro offers efficient deposit options, including bank and SEPA transfers, Skrill, Neteller, Faster Payments, PayPal, and credit or debit cards.
Follow this straightforward guide to begin trading with Paysend:
- Account Setup: Create an account on eToro and undergo the necessary identity verification steps.
- Currency Selection: Tap ‘Deposit Funds’ and select your deposit fiat currency.
- Initiate Transfer: Choose your preferred payment method and add funds to your account.
- Transaction Completion: Locate the cryptocurrency you intend to purchase using the search feature and finalise your investment.
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Paysend Cryptocurrency Policy
Paysend embraces a progressive stance on cryptocurrency, promoting financial innovation that aligns with the regulatory framework of the European Union. The organisation allows its customers to engage in digital asset investments via platforms governed by the Financial Conduct Authority (FCA). Our top suggestion is eToro, supervised by multiple regulatory bodies across Europe. The main office is at 24th floor, One Canada Square, Canary Wharf, London, E14 5AB, United Kingdom.
Digital Asset Investing Fees
Understanding the costs involved in cryptocurrency transactions is essential for optimising your investment gains. Below is a summary of typical fees you might encounter on digital asset exchanges:
- Trading Expenses: Platforms such as eToro usually charge a fee, often about 1%, for buying or selling cryptocurrencies.
- Deposit Fees: These costs vary depending on your chosen method of payment. Deposits via bank or SEPA transfers tend to be less expensive compared to those done with credit or debit cards.
- Withdrawal Fees: The fee for moving your assets from the platform varies by token. For instance, withdrawing Bitcoin commonly includes a fixed fee of 0.0005 BTC.
For Paysend users, eToro is our recommended platform for adhering to FCA guidelines, thereby providing a secure trading atmosphere. With its extensive range of cryptocurrencies and competitive trading fees, eToro is a distinguished choice for global investors.
What is Paysend?
Paysend is a global payment solutions provider offering a convenient, fast, and affordable way to send money anywhere in the world. Founded in 2016, Paysend is headquartered in London with offices across Europe and Asia. They are authorised and regulated by the Financial Conduct Authority in the UK (FRN: 900004), and its money transfer services are available in over 170 countries.
The company has a simple mission: to make global payments easy. They offer a fast, convenient, and low-cost way to send money to friends and family around the world. With Paysend, you can send money to over 170 countries and top up mobile phones in almost 200 countries. The app is convenient because it's available 24/7, wherever you are. All you need is an internet connection, and you can send money in minutes.
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Final Thoughts
In conclusion, while Paysend does not offer direct cryptocurrency trading, it facilitates access to the world of digital assets through partnerships with regulated exchanges like eToro. This synergy allows Paysend clients to confidently explore various digital currencies and traditional investment options within a secure, FCA-regulated environment. eToro stands out for its comprehensive asset offerings, simple interface, and competitive fee structure, making it an excellent platform for users seeking to diversify their portfolios.
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.
