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
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
$20
Exclusive promotion
Our score
9.3
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, Debit Card, Wire Transfer, Cryptocurrencies, Skrill
Full regulations list:
3
Min. Deposit
$10
Exclusive promotion
Our score
8.7
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 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

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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.