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How to buy Bitcoin with Neteller
This quick and easy guide will take you through everything you need to know about using Neteller to fund your cryptocurrency broker account. Get some tips and tricks on how to pick the best platform for you.
Where can you buy Bitcoin with Neteller?
We’ve compiled a list of the best brokers that accept Neteller as a payment method. If you just want to dive in and get started, then use one of the platforms below. Otherwise, keep reading to learn more.
What is a Neteller Bitcoin broker?
A broker that allows you to pay with Neteller (which is an e-wallet service that’s popular in Europe). The broker executes trades for you, acting as a middleman that offers you Bitcoin at a fixed price and taking small fees for the convenience they provide.
How to deposit and withdraw via Neteller
Here are some basic guidelines on how to deposit money with a Bitcoin broker using Neteller:
- Open an account with a broker that accepts Neteller as a form of payment, then verify it with a form of ID.
- Go to your broker’s website, and select the Neteller option on the “Add money” screen.
- After that, you’ll be prompted to link your Neteller account to your brokerage account.
- Enter the amount of Bitcoin you want and select Neteller as the payment method.
If you’ve already used Neteller to make a purchase through your brokerage account, you can simply click withdraw on your broker’s website to recoup your funds. Even if you haven’t used Neteller for deposits, you can set up withdrawals with Neteller by following the steps above (as long as the platform accepts Neteller payments).
What should I look for in a broker?
You should always look for more than just one that accepts your payment method of choice. Demand great service too. Here are some key traits to look for:
- Low withdrawal and deposit charges. The fees you’ll have to pay will vary depending on the broker or exchange you use to make trades. Our guides and reviews will help you find the most reasonable transaction fees.
- Speed. You want to be able to make trades quickly, whenever you want and wherever you are.
- Ease of use. The best brokers come with a simple interface so it’s easy to find what you want and to make trades. Ideally, look for one that has a good quality app as well as a website so you can access your account from anywhere.
- A strong reputation. Look for a broker with lots of positive reviews, as the experience of other customers can be instructive as to what a platform is really like to use.
- A verifiable track record. Choose one that has been in business for at least a few years, so you can ensure it carries a track record of reliability.
Should I buy BTC with Neteller?
- Easy to use. Neteller is a fast, easy, and contactless way to make purchases, making it a good choice for Bitcoin too.
- Widely used. Neteller has a huge presence, especially in Europe. If you’re already using Neteller for e-money transfers, then it makes sense to use it for Bitcoin as well.
- Fast. Neteller is extremely fast, and transfers happen within a matter of minutes; in some cases, they can even happen instantly.
Not completely. Neteller transactions do leave a digital trail, so 100% anonymity won’t happen.
Not necessarily. Online brokers and exchanges usually allow you to store your coins in your account without the need to transfer to a personal wallet. However, some services will require you to enter an existing wallet address where the coins will be sent.
For security purposes you should move any coins you’re not planning on selling or trading in the near future to an external wallet – ideally a hardware wallet.
It usually takes just a matter of minutes to process transactions. That said, the initial setup process can take longer if you’re registering for the first time with a broker and need to have your identity verified.
In certain cases, yes. It depends on the platform, and some marketplaces offer instant transactions.
It’s significantly cheaper than buying with cash, and can be a bit cheaper than some options, such as credit cards. A typical fee is 1.5% to 3%.
Yes. Set up a Bitcoin/Bitcoin Cash account to go with your Neteller account. Then you can hold crypto in your Neteller account.
No, Coinbase does not accept Neteller.
Yes you can. Some of the other cryptocurrencies available are Bitcoin Cash, EOS, Ethereum, Litecoin, XLM, and Ripple.
If you’re already a frequent Neteller user, it will feel like a breeze. Simply link your Neteller account to the broker or other service you want to use, and you’ll find it to be one of the easiest ways to make a purchase.
There’s no ID required to set up your Bitcoin trading account on a peer-to-peer exchange, which is great if you want to remain anonymous. On the downside, peer-to-peer crypto exchanges are vulnerable to scams so you have to be cautious.
There are numerous peer-to-peer exchanges in Europe that accept it. It gets trickier outside Europe and its major financial hubs.
If you already use Neteller for other purchases, and you can pay fees of less than 2%, then yes, it’s a good option for beginners.
Yes. Bitcoin can be volatile, so you never know what might happen from one to the next. The good news is that Bitcoin’s long-term trend points upwards, so a patient buy-and-hold approach can allow you to recoup your transaction fees, then over time turn a healthy profit.
Fact-checking & references
Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.
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