Buy Crypto with Payoneer

Buy Crypto with Payoneer

In this guide, we outline the safest and easiest way to buy Cryptocurrencies with a Payoneer deposit. Get started in minutes with a secure and regulated trading platform.

Summary: Payoneer doesn't directly let users buy Bitcoin or cryptocurrencies through its mobile banking app. To that end, it's key to find a crypto exchange that accepts Payoneer deposits with the fiat currency you use and supports your country.

After reviewing many options, we found Bybit to be the top option for buying digital assets with a Payoneer account. Their platform offers instant Payoneer deposits in over 40 currencies and supports investors in over 180 countries. The exchange is trusted by over 15 million investors and boasts over 770 cryptocurrencies and industry-leading fees at 0.1% per trade.

Top Platform for Payoneer
5.0 out of 5.0 by Datawallet.
Bybit stands out as the best platform for Payoneer users due to its regulatory compliance, broad selection of digital assets, compatibility with Payoneer transfers, and competitive fee structure.
Available Markets
Spot, Futures and Options Trading on 770+ Cryptos
Globally regulated with audited 1:1 reserves
Payoneer Currencies
EUR, USD, GBP, TRY, ARS, BRL and 35 more

Content Guide

Can I Buy Crypto with Payoneer?

Yes, it's possible to purchase Bitcoin, stablecoins, and other cryptocurrencies using your Payoneer account, debit card, or credit card. To accomplish this, users must sign up with a global cryptocurrency exchange that adheres to international standards and accepts deposits in multiple currencies. While Payoneer doesn't handle cryptocurrency transactions directly, it's crucial to choose an exchange regulated by trusted global financial authorities to ensure a safe trading environment.

How to Buy Bitcoin and Crypto with Payoneer

The most reliable way to buy Bitcoin, cryptocurrencies and other digital assets through your Payoneer account is through a regulated international exchange. This permits users to securely deposit funds from their Payoneer account or card in a variety of currencies. We suggest using Bybit, due to its Payoneer compatibility, adherence to rigorous regulations, and a wide array of over 770 different assets.

Below is a simple 4-step guide to begin:

  1. Go to Bybit’s website and create an account, verifying your identity.
  2. Click on the 'Buy Crypto' button, usually located at the top of the page.
  3. Choose the currency of your deposit and the cryptocurrency you wish to buy, then select Bank Transfer as your payment method.
  4. Click on 'Buy' and follow the on-screen instructions to finalize your transaction promptly.

Trading and Deposit Charges

The fees associated with purchasing cryptocurrency or digital assets via a Payoneer transfer can fluctuate depending on the selected exchange platform. Frequently, investment-associated costs can include trading fees, on-chain withdrawal fees, fiat deposit fees, fiat withdrawal fees and more which differ based on the platform and the specific cryptocurrency involved.

We advocate for Bybit due to its favorable fee structure. Binance allows free deposits through Payoneer transfers and only levies a nominal 0.1% fee for trading crypto assets. This fee structure is more cost-effective than other widely-used platforms, such as Coinbase, which generally imposes a 1.49% fee for purchases plus a spread.

Is Payoneer Crypto-Friendly?

While Payoneer does not directly offer any products or services for acquiring cryptocurrencies, it can be seen as moderately crypto-friendly. Users can use their Payoneer accounts to transfer funds to globally regulated digital asset exchanges that accept multiple currency deposits.

This process facilitates users to buy, sell, stake and trade hundreds of digital assets, including Bitcoin, Ethereum, Solana and many others, within a globally regulated environment. Consequently, Payoneer indirectly encourages its users' involvement in the cryptocurrency market by enabling transactions with compliant crypto exchanges worldwide.

Payoneer App

Bottom Line

To sum up, you can use Payoneer to buy cryptocurrencies like Bitcoin through a trusted global exchange like Bybit. Though Payoneer doesn't directly deal with cryptocurrencies, it allows users to transfer funds to such exchanges. Bybit is a recommended choice because of its favorable fees. So, while not directly dealing with crypto, Payoneer does support the crypto market by enabling transactions with compliant exchanges.

Frequently Asked Questions

Got More Questions? We've Got Answers.
A Guide to Commonly Asked FAQs.

Can I buy cryptocurrencies directly from Payoneer?
Is Payoneer considered a crypto-friendly platform?
Is it safe to link my Payoneer account to an exchange?