How to buy Bitcoin with Paysafecard

Paysafecard is a safe and anonymous payment method. Use this guide to find out which Bitcoin brokers accept it, and how you can use it to fund your account.
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… read more.
Updated: Jun 23, 2021
Tip: our preferred broker is, eToro: visit & create account

Paysafecard’s big selling point is that it doesn’t leave a digital trail. Combine that with Bitcoin, which can be extremely private as well, and you can maintain your anonymity online. Learn about the pros and cons of using Paysafecard for Bitcoin and the steps involved in the process.

Where can you buy Bitcoin with Paysafecard?

The brokers below are the best trading platforms around that also accept Paysafecard. To dive in and get started, you just need to pick one of them. Otherwise, keep reading to learn more first.

1
Min. Deposit
$50
Exclusive promotion
User 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
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
2
Min. Deposit
$1
Exclusive promotion
User Score
9.3
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Description:
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
Payment Methods
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, Array, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full regulations list:
3
Min. Deposit
$20
Exclusive promotion
User Score
8.7
Margin Trading with full legal compliance
Cryptocurrency staking
Various Payment options
Start Trading
Description:
Cex.io offers exchange of fiat currency for Bitcoin Ethereum, Tether, and 23 other cryptocurrencies, as well as Bitcoin/Ethereum trading against the USD.
Payment Methods
Credit Card, Cryptocurrencies, Debit Card, Wire Transfer, skrill
Full regulations list:

What is a Paysafecard Bitcoin broker?

Just like any other cryptocurrency broker, it offers Bitcoin at a fixed price so that you can get it instantly. The main feature you’re looking for is that it accepts Paysafecard as a means of funding your account.

In case you’re unfamiliar with the service, a Paysafecard is a prepaid online payment method based on a 16-digit PIN code that doesn’t require you to link to a debit or credit card and doesn’t require you to provide any personal information.

How to deposit and withdraw via Paysafecard

Deposit

Here are the steps you need to take to deposit money with a Paysafecard:

  1. Go to any one of the 650,000 points of sale that offer Paysafecard.
  2. Choose a value of either €10, €25, €50, or €100, then pay for the card with either cash, or your debit card. 
  3. You will then receive a 16-digit PIN that you can use to make deposits with your broker.
  4. Go to the Bitcoin broker website, select payment methods, then choose Paysafecard from the list.
  5. Enter your 16-digit PIN.
  6. You can now spend it on Bitcoin, without ever needing to provide ID, or link to your bank account, credit card, or other conduit of financial information.

Withdraw

The process used to withdraw funds with your Paysafecard is simply the reverse of the deposit method. Supply your email address to the Bitcoin broker, request a withdrawal, select the amount you want to withdraw, then execute the transaction. 

What should I look for in a Paysafecard Bitcoin broker?

You should always demand great service; the fact that a broker accepts Paysafecard isn’t necessarily enough to make it a top choice. Here are some key traits to look out for:

  • Low transaction fees. The fees you’ll have to pay vary depending on the platform, but they are an important factor to consider when comparing brokers. Our guides will help you find the most reasonable transaction fees.
  • Speed. Most transactions and deposits are instant, but if speed is of particular importance to you then make sure to check before you sign up for anything.
  • Ease of use. The best brokers are simple to use, with a clean interface that points you where you want to go. It’s often a good idea to check that the platform has a quality app as well, so that you can access your account on the go.
  • A strong reputation. Use reviews from other users to check that the platform is as good as it claims to be. User reviews is an excellent way of narrowing down your choice by filtering out the ones with poor customer service.
  • A verifiable track record. Your chosen broker should have a track record going back at least a few years.

Should I buy BTC with Paysafecard?

Pros

  • Totally anonymous. Paysafecard does not require you to link to a bank account, credit card, or any other financial medium that leaves a digital trail.
  • Easy to buy. You can buy and load a Paysafecard at hundreds of thousands of bars and markets around the world. So if you want Bitcoin quickly, you can pick up a card right now and link it to your Bitcoin broker or exchange account.
  • Fast. Paysafecard transactions often happen within a matter of minutes and in some cases, they can even happen instantly. 

Cons

FAQs

Can I remain anonymous with Paysafecard?
Do I need a crypto wallet?
How fast are Paysafecard transactions?
Can I buy Bitcoin with Paysafecard instantly?
Are there low fees for using Paysafecard?
Can I hold cryptocurrency in my Paysafecard account?
Does Coinbase accept Paysafecard?
Can I get other cryptos using Paysafecard?
Is Paysafecard 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 Paysafecard?
Is using Paysafecard recommended for beginners?
Is Paysafecard a more viable strategy if you plan to hold Bitcoin for the long term?

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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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.