How to buy Bitcoin with Payoneer

A Payoneer money transfer is a simple way to make lots of purchases online, and the same applies to Bitcoin. Use this guide to find out which brokers accept it and how to find them.
By: Jonah Keri
Jonah Keri
Jonah Keri is a trader and analyst who spent 11 years at Investor's Business Daily covering the markets. He now writes… read more.
Updated: Jun 7, 2021
Tip: our preferred broker is, eToro: visit & create account

Our handy guide will walk you through the pros and cons of using Payoneer with a cryptocurrency broker. Find the best platforms around and get a step-by-step guide on how to use one.

Where can you buy Bitcoin with Payoneer?

The brokers below are some of the best trading platforms that accept Payoneer. You can head to one of them and get started straight away, or keep reading to learn more about what you should look out for.

1
Min. Deposit
$50
Exclusive promotion
Our score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Wire Transfer, Bank Transfer
Full regulations list:
CySEC, FCA
2
Min. Deposit
$10
Exclusive promotion
Our score
9.3
The broker offers access to a trusted MetaTrader trading system
Pricing is ensured to be completely transparent, also providing accuracy and speed
Trade a Wide Variety of Assets with Leverage up to 1:500
Start Trading
Description:
LonghornFX is a true ECN STP broker dedicated to delivering a superior trading experience to traders no matter their level of experience. Their services are based on transparency, innovation and efficiency, ensuring an unparalleled trading experience for all.
Payment Methods
Credit Card, Debit Card, Visa, Bitcoin
Full regulations list:
LonghornFX offers high-leverage trading on a wide variety of assets. Trading with leverage carries a degree of risk which may result in losing more than your investments. Clients should practise risk management to protect themselves from losing more than they can afford when trading with leverage.

What is a Payoneer Bitcoin broker?

It’s simply a broker that offers Bitcoin, and lets you fund your account with it using Payoneer. Payoneer is an increasingly popular online money transfer service, and a broker is a service that acts as a middleman to execute Bitcoin trades for you.

How to deposit and withdraw via Payoneer

Deposit

Different brokers may have different procedures for conducting transactions using Payoneer, but here are the general steps you should expect when you want to sign up and deposit money.

  1. Open an account with a broker that accepts Payoneer as a form of payment, then verify it with a form of photo ID.
  2. Go to the broker’s website, and select the Payoneer option on the “Add money” screen. 
  3. After that, you’ll be prompted to link your Payoneer account to your brokerage account.
  4. Enter the amount of Bitcoin you want and select Payoneer as the payment method.
  5. Confirm the purchase.

Withdraw

If you’ve already used Payoneer to make a deposit in your brokerage account, you can simply click withdraw on your broker’s website to recoup your funds. Even if you haven’t used it, as long as your broker accepts Payoneer as a payment option you can set up withdrawals by following the steps listed above.

What should I look for in a Payoneer Bitcoin broker?

You should always expect a great service, don’t just settle for any platform that accepts your chosen payment method. Here are some key traits to look for in a broker.

  • Low transaction fees. The fees for using Payoneer are lower than what you’ll find when transacting with, say, cash. Still, how much you’ll have to pay varies depending on the broker or service you use to make trades. Our guides will help you find the most reasonable transaction fees.
  • Speed. Your broker should enable you to make trades as quickly as possible, ideally within minutes or instantly. 
  • Ease of use. Look for a broker that makes the process simple, so you don’t have to waste time and mental energy performing the transaction.
  • A strong reputation. Ideally you want a broker with lots of positive user reviews. Using other people’s experiences to guide you is a good way to narrow down your choice of trading platform.
  • A verifiable track record. The broker you choose should have at least a few years of experience performing Bitcoin transactions, so you can ensure that it carries a track record of reliability.

Should I buy BTC with Payoneer?

Pros

  • Huge reach. Payoneer provides cross-border transactions in 200 countries and territories, with a total of 4 million current customers. That reach gives the platform room to grow on its own.
  • Fast. Transactions happen within a matter of minutes, or are instant.

Cons

FAQs

Can I remain anonymous when using Payoneer?
Do I need a crypto wallet?
How fast are transactions through Payoneer?
Can I buy Bitcoin with Payoneer instantly?
Are there low fees for using Payoneer?
Can I hold cryptocurrency in my Payoneer account?
Does Coinbase accept Payoneer?
Can I get other cryptos with Payoneer?
Is Payoneer the easiest way to get Bitcoin?
What’s the biggest pro and con of using a peer-to-peer exchange?
How easy is it to find a peer-to-peer exchange that accepts Payoneer?
Is using Payoneer recommended for beginners?
Is using Payoneer a more viable strategy if you plan to hold Bitcoin for a while?
Jonah Keri
Financial Writer
Jonah Keri is a trader and analyst who spent 11 years at Investor's Business Daily covering the markets. He now writes about stocks, cryptocurrencies, and other… read more.