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How to buy Bitcoin with WebMoney in 2023

This introductory guide explains how to buy Bitcoin with WebMoney. Follow our simple three step guide to make your first purchase.

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Updated: May 17, 2023

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Firstly, the most important question to answer is: can I buy Bitcoin with WebMoney?

No, WebMoney doesn’t allow you to purchase cryptocurrency. However, you can use WebMoney to fund a trading account and buy Bitcoin that way.

You just need a crypto exchange that accepts WebMoney deposits. And we’re here to help.

How to buy Bitcoin with WebMoney – a step-by-step guide

It takes about 15 minutes to buy BTC with WebMoney. Have a copy of your photo ID to hand and follow this guide to get started.

Step 1. Sign up with Start Trading .

We recommend Start Trading as the best platform to use to buy BTC with WebMoney.

Step 2. Create an account.

You need an account before you can buy anything. Sign up with your contact details and a form of ID for verification.

Step 3. Make a deposit via WebMoney.

Enter how much you want to deposit and select WebMoney as your payment method from the list of options.

Step 4. Use the search box to find Bitcoin.

Use the search box on the home page to search for Bitcoin and the currency you want to pay in (such as GBP).

Step 5. Make your purchase.

Enter how much Bitcoin you want to buy, check the details and process the transaction. Once the payment goes through, your new Bitcoin will show up in your exchange account.

Top Bitcoin platforms that accept WebMoney

Quick answers to key questions

Can I buy crypto with WebMoney?

Yes, you aren’t limited to buying Bitcoin alone. The only limit is which coins are available on the exchange you’ve chosen. Most crypto exchanges that support WebMoney as a payment method offer 50+ cryptocurrencies and many offer hundreds more.

Is WebMoney safe?

Yes, it’s completely safe to use WebMoney. The only risk to look out for is to make sure you sign up to a regulated WebMoney Bitcoin broker when buying Bitcoin. Using an unregulated broker platform can put your money at risk.

How much does it cost to buy Bitcoin via WebMoney?

It will cost around 0.8% of the total transaction amount to buy Bitcoin via WebMoney. The exact feel will vary depending on the exchange you use, but anything more than 2% is expensive.

Can I store Bitcoin in/on my WebMoney account?

No, WebMoney is a payment processing service so you won’t be able to store Bitcoin on it. There are two main ways you can store your Bitcoin: Keep it on the exchange you used to buy it, or use a dedicated Bitcoin wallet.

Why don’t more crypto platforms support WebMoney?

WebMoney is is one of the largest payment processing platforms in Russia and most of its customers are Russian nationals. Some crypto brokers already support WebMoney, although many tend to accept only a few payment methods like debit or credit cards.

Should I buy Bitcoin using WebMoney?

You may want to consider using WebMoney to purchase Bitcoin. Its a widely accepted payment method and lets you transfer funds to your crypto exchange or brokerage account easily and security. It offers a range of funding options such as bank transfers and e-wallets which means its accessible to a wide range of users.

WebMoney transactions are generally quick and can provide faster processing times compared to traditional payment methods.

Pros

Payments are processed very quickly
Fees are competitive
WebMoney is one of the largest services in Russia

Cons

Not available with all brokers or exchanges
It is limited in the number of currencies it accepts

Is there an alternative to buying cryptocurrency with WebMoney?

There are plenty of alternatives, whether you want to pay through an online payment provider or go down a more traditional route. Here are some of the different ways to pay for your Bitcoin purchase.