How to buy Bitcoin with Payeer in 2024

This introductory guide explains how to buy Bitcoin with Payeer. Follow our simple three step guide to make your first purchase.
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Updated: Jan 26, 2024
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Firstly, the most important question to answer is: can I buy Bitcoin with Payeer?

Yes, on the Payeer exchange you can buy Bitcoin aswel as several other cryptocurrencies. You can also use Payeer to fund a trading account and buy Bitcoin that way. 

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

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

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

Step 1. Sign up with eToro .

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We recommend eToro as the best platform to use to buy Payeer with Payeer.

1
Min. Deposit
$ 100
Best offer
User Score
9.9
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world’s leading social trading and investing platform
Start Trading
Payment Methods:
Bank Transfer, Debit Card, PayPal, Credit Card, Wire Transfer
Full Regulations:
CySEC, FCA

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

Step 2. Create an account.

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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 Payeer.

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

Step 4. Use the search box to find Bitcoin.

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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.

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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 Payeer

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1. eToro. Best for beginners, copy-trading & demo-account

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1%

Fees

$100

Minimum deposit

4,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided
Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.

As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.

The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.

Highlights

Visit eToro eToro Review

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

2. Plus500. Best for international CFD trading*

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From 2%

Fees

$100

Minimum deposit

3,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Free demo account for every user Secure broker, licensed by top-tier regulators Wide variety of CFDs to trade Several good risk management tools
No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to over 2800 instruments, including CFDs on stocks, forex, commodities, and cryptocurrencies among several others.

Plus500 has something for all types of traders, no matter what level of experience. It’s zero commission and tight spreads make it a top choice for day traders and its trading academy is packed with educational content, perfect for beginners just starting. 

For accurate instrument availability, visit plus500.com.

The fees: There are no commission fees on any trades with Plus500 and it makes it money through the Bid/Ask spread. Spread starts from 0.01% or 0.9 pips and varies depending on the instrument. Additional fees include overnight funding which is dependant on trade size and guaranteed stop orders, which add a minimum of 10% to the spread. There is an inactivity charge of £10 per month for accounts not logged in for three months. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

Visit Plus500 Plus500 Review

CFD service. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

3. Kraken: Best for simple, global cryptocurrency trading from your phone

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0.10% - 0.26% (volume dependent)

Fees

$10

Minimum deposit

200

No. assets

Yes

Demo/virtual account

Pros & Cons

Cheap/ free deposits in EUR and cheap deposits for the USA Margin trading and Futures supported Transparency - it was the first exchange to carry out proof of reserves Low fees in comparison to other exchanges
Catered towards professional traders with large trading volumes Slow account verification in comparison to other brokers

Overview

We love Kraken because it’s a beginner-friendly crypto trading platform, one that’s designed to make it quick and convenient to buy and sell crypto on the go. Creating an account is free, then you’re ready to make your first step, with no time-consuming verification periods.

With 200+ crypto tokens at your fingertips, a 24/7 support system, and an extensive educational platform, Kraken is the perfect place to take your first steps into crypto. It’s perfect for international traders outside the US, and is available in 190 countries around the world.

The fees: Kraken charges a fee of between 0-0.26% on every crypto trade. There are no costs to set up an account and no flat trading fees.

Highlights

Visit Kraken Kraken Review

Quick answers to key questions

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Can I buy crypto with Payeer?

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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 Payeer as a payment method offer 50+ cryptocurrencies and many offer hundreds more.

Is Payeer safe?

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Yes, it’s completely safe to use Payeer. The only risk to look out for is to make sure you sign up to a regulated Payeer 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 Payeer?

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The cost to buy Bitcoin via Payeer varies depending on what payment method you use or if you buy directly on its exchange. You will pay 0.095% of the transaction amount to buy BTC on Payeer. If you add funds to your Payeer account using a bank card, you can expect to pay 3.99%. 

Can I store Bitcoin in/on my Payeer account?

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Yes, Payeer also operates as a cryptocurrency exchange which means you can use it to buy and store Bitcoin. 

Why don’t more crypto platforms support Payeer?

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Some do, but its a relatively new payment processing service which means it is not as widely accepted as more traditional methods such as debit or credit cards. 

Should I buy Bitcoin using Payeer?

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Yes, you may want to consider using Payeer to buy Bitcoin. It operates both as an exchange and payment processing service which means you can buy Bitcoin directly on the platform, or use its service to transfer funds to a different exchange. One thing to note is that Payeer’s fees are quite high, when compared to other services. 

Pros

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  • You can buy Bitcoin on the Payeer exchange
  • You can store your Bitcoin on the Payeer platform
  • Its trading fees are competitively low

Cons

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Is there an alternative to buying cryptocurrency with Payeer?

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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.

Buy Bitcoin with Payeer

FAQs

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Can I buy Bitcoin with Payeer on Coinbase?
Can I buy Bitcoin with Payeer on Cash App?
How do I fund my crypto account with Payeer?
Can I buy Bitcoin with Payeer instantly?
Can I buy Bitcoin with Payeer anonymously?


Sources & references
Risk disclaimer
Prash Raval
Financial Writer
Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.