Can I Buy Bitcoin with Payoneer?

Yes, you can purchase cryptocurrencies like Bitcoin using Payoneer by funding your account on digital asset exchanges in Asia, Europe, Australia and the U.S that accept this payment method. It's important to choose a crypto trading platform that complies with international regulations to ensure that your transactions are secure and legally compliant in your country.

How to Buy Crypto with Payoneer

‍For investors interested in buying cryptocurrencies, Bybit is a great option, as it accepts Payoneer payments and supports 65 fiat currencies. It is a globally regulated platform offering services in over 160 countries and a multilingual interface. With access to over 1,300 digital currencies for trading and staking, it’s a versatile choice for traders.

Start your crypto investment journey with Payoneer by following this guide:

1. Register: Visit the Bybit website and create a new account. Complete the registration process by entering your details and verifying your identity.
2. Select Payment Method: Once your account is verified, go to the 'Buy Crypto' section and choose Payoneer as your payment option.
3. Choose Your Crypto: Browse the available assets and select the one you wish to purchase.‍
4. Complete Purchase: Input the amount you want to invest, review the transaction details, and confirm your trade.

What are the Fees?

When using Payoneer to purchase cryptocurrencies on an exchange, you’ll encounter various fees, including those for deposits, withdrawals, and trades. Most platforms charge trading fees that typically range between 1% and 2%.

Bybit stands out with its competitive fee structure, offering a 0.1% fee for spot trading and even lower rates for futures trading, 0.02% for makers and 0.06% for takers. It does not impose extra fees for deposits made through Payoneer, making it an affordable option for investors.

About Payoneer

Payoneer is a global financial services company that enables online money transfers and digital payments for businesses, freelancers, and online sellers. Founded in 2005, Payoneer offers products like the Payoneer Prepaid Mastercard and Global Payment Service, which allow users to receive international payments, pay suppliers, and withdraw funds locally. It provides a secure platform for managing cross-border transactions, serving millions of customers worldwide.

Bottom Line

In conclusion, using Payoneer to invest in cryptocurrencies offers a secure way to manage digital assets. By choosing regulated platforms like Bybit, which accepts Payoneer payments in multiple fiat currencies and provides competitive fees, you can confidently navigate the crypto market while ensuring compliance with international standards.