How to buy Bitcoin with Payoneer in 2024

This introductory guide explains how to buy Bitcoin with Payoneer. Follow our simple three step guide to make your first purchase.
Updated: May 10, 2024

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

Yes, you can use Payoneer to buy Bitcoin, but not directly, and there are very few crypto platforms that currently accept this payment method. 

In this guide, we share how you can buy Bitcoin with Payoneer. Use our step-by-step guide to learn how to purchase Bitcoin with a Payoneer card and find out which crypto platforms accept Payoneer. 

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

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

Step 1. Sign up with OKX

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We recommend OKX as the best platform to buy BTC with Payoneer.

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One of the top digital asset exchanges by trading volume
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Payment Methods:
Bank Transfer, Debit Card, PayPal, neteller, Credit Card, Wire Transfer, Visa, Mastercard, American Express, AdvCash, AliPay, QIWI, WeChat, Discover, Banxa, Simplex, Mercada Pago, PicPay, Bank Transfer: SEPA, Easypaisa, Esewa, FasterPay, Gcash, IMPS, Interac e-Transer, Itez, JazzCash, Mercuryo, Monese, MoonPay, Naqui, Papara, PIX, RAAST, Safaricom, Wise, Zain Cash, Zen, Cash App, M-PESA, PhonePe, Tinkoff, Vodafone Cash, Bank Transfer: UPI, Payoneer, Paytm, skrill
Full Regulations:
Trading in digital assets is considered high risk. Digital assets are NOT backed by any government or central bank. The risk of loss in trading or holding digital assets can be substantial. You should carefully consider whether interacting, holding, or trading digital assets is suitable for you in light of your financial condition.

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 Payoneer

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Enter how much you want to deposit and select Payoneer 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 USD).

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 Payoneer

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Quick answers to key questions

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Can I buy crypto with Payoneer?

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Yes, but it’s not as easy as using alternative payment methods because Payoneer prohibits cryptocurrency transactions. However, it is still possible to buy crypto with Payoneer by using it to fund your trading account and make a purchase through crypto platforms.

Use our recommendations above, to find the best crypto exchanges that accept Payoneer. 

Is Payoneer safe?

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Yes, Payoneer is a safe digital payment method and you can use it to buy Bitcoin and other cryptos safely. However, it is important to use a trusted and regulated global cryptocurrency exchange when you buy BTC with Payoneer.

Using an unregulated exchange can be risky. It is also important to remember that not many crypto platforms accept Payoneer.

Can I store Bitcoin in my Payoneer account?

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No, Payoneer can only store fiat currencies and does not support crypto. You can use Payoneer to fund your Bitcoin purchases, but you have to keep your crypto in an exchange account or a dedicated crypto wallet.

How much does it cost to buy Bitcoin via Payoneer?

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Our research indicates that you can expect fees of around 1-2% per transaction, but this varies from platform to platform. 

One of the benefits of using Payoneer to buy Bitcoin is that it’s free to send money to another Payoneer account. If you find a seller on a peer-to-peer exchange, like Paxfuls, the only fee is the one charged by Paxfuls itself.

Should I buy Bitcoin using Payoneer?

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It’s a useful option if you prefer to manage your money through the Payoneer platform. Transactions are fast and Payoneer is available to people in more than 200 countries around the world, so it means people who may not otherwise have the ability to buy Bitcoin are able to. 

However, few platforms accept Payoneer deposits, and it’s much less convenient than using a card payment or a bank transfer.

You may also find that, while the transaction fees are less with the Payoneer card than using other payment methods, the actual cost of the coin is higher. You’re likely to be charged a premium for the convenience of paying with Payoneer. 


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  • Payoneer is available in more than 200 countries around the world
  • Makes Bitcoin accessible to people who wouldn’t otherwise be able to buy crypto
  • You can buy and sell peer-to-peer without needing a crypto exchange


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Is there an alternative to buying cryptocurrency with Payoneer?

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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.

Sign up & fund account


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Can I buy Bitcoin with Payoneer on Coinbase?
Can I buy Bitcoin with Payoneer on Cash App?
How do I fund my crypto account with Payoneer?
Can I buy Bitcoin with Payoneer instantly?
Can I but Bitcoin with Payoneer anonymously
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?
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?
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Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.