Quick Info: Popular Exchanges

Neteller is an e-wallet and payment services provider that operates in more than 100 countries and supports 26 different currencies. The United States and Japan are two notable exceptions.

Neteller was founded in Canada in 1999 and at one point processed payments for 85% of gambling sites on the internet. However, since its withdrawal from the U.S. and acquisition by Paysafe Group (also the parent company of Skrill) it has focused its efforts on providing instant, secure, and free transactions.

Just like its former competitor and now sister-company Skrill, Neteller offers cryptocurrency trading for some European countries within its own interface. In fact, users who are familiar with one platform will likely feel quite at home on the other.

-

To start buying Bitcoin using Neteller, you'll first need to deposit money into your account. Deposit fees are 2.5% across the board, though some methods are quicker than others.

On the next screen you'll enter the amount you wish to deposit. You'll also be able to see the applicable limits for the selected payment method.

Crypto Buy/Sell	Fee
Transactions up to USD 19.99	USD 0.99 per transaction
Transactions between USD 20 – USD 99.99	USD 1.99 per transaction
Transactions above USD 100	1.50 % per transaction
Sending Crypto to Neteller User	0.5 %

If Neteller's cryptocurrency offering is available in your country, you'll see an option to Buy & Sell Crypto on your account dashboard.

To buy or sell any of the supported assets, click trade on the right hand side of your crypto account home.

You can create market, limit, or recurring orders. You also have the ability to set price alerts.

This makes it about as easy as it can get to buy Bitcoin using Neteller.

-

Once you've bought Bitcoin, you can also send it to another Neteller customer.

Remember that you're not able to send it to an external wallet or exchange address.

To send crypto to another Neteller user:

1. Select Money Transfer on the Send section of your account, or click the Send icon next to the cryptocurrency you hold and wish to transfer

2. Enter the recipient's email address or phone number (country code included)

3. Select the cryptocurrency you wish to transfer from the Select Balance field

4. Enter the amount and hit Continue

5. Check that the transaction details are correct. This is where you will see the applicable fees and limits. If it's all good, click Confirm

If they haven't previously, the recipient will need to accept Neteller's Crypto Disclaimer.

If you send Bitcoin to an email address that is not reigstered with Neteller, your transaction will show up as Pending for 14 days. If it is not claimed during this time, it will be returned to you. You can also manually cancel a Neteller to Neteller transfer during this window.

If you're just looking to gain exposure to Bitcoin and don't require the ability to send your holdings to an external or non-Neteller wallet, this is a very simple and convenient way of doing so.

If you're not in one of Neteller's currently supported countries, don't worry, there are still a number of ways you can use Neteller to buy Bitcoin.

Neteller is an e-wallet and payment services provider that operates in more than 100 countries and supports 26 different currencies. The United States and Japan are two notable exceptions.

Neteller was founded in Canada in 1999 and at one point processed payments for 85% of gambling sites on the internet. However, since its withdrawal from the U.S. and acquisition by Paysafe Group (also the parent company of Skrill) it has focused its efforts on providing instant, secure, and free transactions.

Just like its former competitor and now sister-company Skrill, Neteller offers cryptocurrency trading for some European countries within its own interface. In fact, users who are familiar with one platform will likely feel quite at home on the other.

-

Bitpanda is one of the largest and safest Bitcoin exchanges that accept Neteller.

Verified users can deposit Euros, British Pounds, and Swiss Francs. Withdrawals in each of these currencies are also possible with Neteller.

Note that deposits and withdrawals of U.S. dollars are not possible with Neteller, though Bitpanda does allow these with Skrill.

Buying Bitcoin with Neteller on Bitpanda is quite straightforward.

First, click Deposit up the top right of your homepage.

Next, select the currency you wish to deposit.

For this walkthrough, we'll deposit Euros.

Next, you'll select the deposit method. Neteller is listed here, along with its fees of €0.90 + 3.60%.

Enter the amount you wish to deposit. There is a minimum of €25 and a maximum of €10,000.

You'll then be shown an overview of the transaction you're about to submit. Take a look to confirm that the details are correct.

Next, you'll be sent a code to your verified phone number to approve the transaction.

Once confirmed, you'll be redirected to Neteller's payment interface where you'll be able to log in to your existing account or create a new one.

Once you've confirmed the payment, the deposit should show up in your Bitpanda wallet within seconds.

Buying Bitcoin with your wallet balance is as simple as clicking Trade up the top right, just next to Deposit.

-

eToro is another online brokerage that supports Neteller deposits. Once you have funds in your account, you can then use them to purchase Bitcoin.

To deposit funds using Neteller:

1. Click Deposit Funds down the bottom left of your account homepage
2. Enter the amount and currency you wish to deposit
3. Select Neteller
4. Log in to your account and complete payment on Neteller's portal

Your deposit will show in your account within minutes.

To buy Bitcoin using your newly-credited funds, click BTC on your account dashboard.

You'll be taken to the following screen, where you can read up on Bitcoin news, check out the charts, or see statistics and figures.

Hit Trade to place an order.

Here you can define the terms of your trade: how much to buy, if you wish to use leverage, set a stop loss, or take profit.

-

Paybis is a cryptocurrency exchange located in the UK. Founded in 2014, it has expanded to offer service to 48 U.S. states (Hawaii and New York are not supported) and more than 180 countries worldwide.

One of Paybis's best features is that it is non-custodial, i.e. your Bitcoin goes straight to your wallet, it is not stored on the exchange.

As Bitpanda and its support for Neteller payments is not available to Americans, Paybis is an alternative worth considering for those in the U.S.

Verified Paybis users need only create a new order on the exchange, enter their wallet address, and complete payment on Neteller.

Fees are quite steep, however. As you can see, you'll only end up with $454 of Bitcoin after paying $500.

Neteller takes a 3.57% fee, Paybis takes a 4.95% cut, and Bitcoin network fees eat up $2.49.

-

LocalBitcoins is another option if you want to purchase Bitcoin using Neteller.

There are many offers posted on the peer-to-peer marketplace for sellers who will accept Neteller. You can also post your own buy offer at any price you like, and hopefully someone will take you up on it.

The spread (difference between the mid-market price and the price you will actually pay) begins at about 1%.

Note that many sellers require your Neteller funds to be marked as "gambling funds." MasterCard deposits do not allow you to use the deposited funds for gambling purposes. Visa cards are not subject to these restrictions.

As always, be sure to conduct all communication through the LocalBitcoins messaging system and never send any money before the Bitcoin is in escrow.

-

Paxful, like LocalBitcoins, is a peer-to-peer (P2P) marketplace. You can open a trade with any seller who has an open offer, or create your own offer and define the price and your terms of trade.

Neteller is one of the more than 350 payment options supported on Paxful.

Offers start around 8% higher than the spot price of Bitcoin, though prices are bound to fluctuate so it's worth checking back regularly or posting your own offer.