Can you Buy Crypto with Payoneer?

Yes, Payoneer account holders can buy Bitcoin and cryptocurrencies through a licensed and regulated digital asset exchange. By opting for a reputable, regulated crypto exchange, Payoneer account holders can withdraw funds via local bank transfer to buy digital assets. We recommend choosing an exchange that follows financial regulatory standards in your country to guarantee the security of your investments.

How to Buy Bitcoin and Crypto with Payoneer

As outlined above, the best way to invest in crypto assets with Payoneer is by withdrawing funds from your account to a regulated crypto exchange. Based on our analysis, we recommend the eToro platform because they offer fast and cheap deposits from Payoneer in over 30 fiat currencies to trade over 3,000 cryptos, stocks, ETFs and other assets with industry-leading fees and spreads.

Here is a simple 4 step guide to getting started:

  1. Visit eToro to sign up and verify your identity.
  2. Select the 'Deposit Funds' button on the bottom left of your screen.
  3. Select your fiat currency and your payment method (e.g Bank Transfer) and complete your transfer from Payoneer.
  4. Complete the deposit and use the funds credited to your account to invest in crypto.
Buy Crypto Payoneer

What are the Fees to Buy Crypto?

The fees involved in buying cryptocurrency through Payoneer transfers vary depending on the exchange platform you choose. Common charges include transaction fees, deposit fees, and withdrawal fees, and these may differ based on the selected platform and the particular cryptocurrency involved.

We recommend eToro for its fast & cheap deposits via Payoneer, commission-free trading, and attractive spreads (1%) when trading crypto assets. This pricing structure is more cost-effective compared to popular alternatives such as Coinbase or Kraken, which typically impose fees between 1.5% and 2% per transaction.

Is Payoneer Crypto-Friendly?

Yes, Payoneer is a crypto-friendly platform that does not block or ban customers for depositing funds into cryptocurrency exchanges. This means that customers are free to use Payoneer as their preferred payment method when buying and selling digital assets.

Bottom Line

To sum up, although Payoneer does not directly offer cryptocurrency purchases through its app, it is possible for account holders to invest in digital assets by transferring funds to a licensed and regulated exchange. After extensive evaluation, we highly recommend eToro for its cost-effective fee structure, commission-free trading, and free Payoneer transfers. By following our simple four-step guide, you can easily leverage your Payoneer account to enter the world of crypto trading and seize new investment opportunities.