NETELLER launches fiat-to-crypto withdrawal to users’ address of choice

Digital payments provider NETELLER, which belongs to Paysafe’s payment platform, has launched a new digital wallet feature enabling users to withdraw funds directly. They can withdraw to a cryptocurrency address of their choice, Invezz learned from a press release.

Paysafe has more than two decades of online payment experience and around 3,400 employees in over a dozen global locations. Last year, its transactional volume amounted to $100 billion.

Instant conversion and withdrawal  

The provider’s customers can convert and withdraw fiat currency balance to an external cryptocurrency wallet instantly. They access this feature under ‘Crypto Wallet’ after logging into their accounts. Then, they enter the amount they wish to withdraw and the wallet address, either Bitcoin (BTC/USD) or Ethereum (ETH/USD) wallet.

Live in ten countries

NETELLER’s withdrawal feature is live in the UK, Canada, Australia, Chile, and six other countries. More countries and cryptos will be added in the future. Skrill, Paysafe’s other e-wallet, launched fiat-to-crypto withdrawals in February of this year.

Convert 40 fiat currencies to 38 cryptos  

NETELLER’s cryptocurrency service makes it possible to convert euros, US dollars, British pounds, and 37 other fiat currencies into almost 40 different cryptocurrencies, including Bitcoin, Bitcoin Cash (BCH/USD), Ethereum, Litecoin (LTC/USD), Ethereum Classic (ETC/USD), and Solana (SOL/USD).

Jordan Stoev, Head of Crypto, Skrill and NETELLER, commented:

With so much interest in the digital asset space right now we’re excited to announce this new feature for NETELLER’s cryptocurrency service, which is the latest in a series of new additions and enhancements. The new withdrawal feature saves both time and money spent on fees for our NETELLER cryptocurrency users by allowing them to move their existing fiat balance to a crypto address of their choosing. 

A pioneer in the online payments industry

NETELLER was one of the first e-wallets, founded more than two decades ago. It allows users to transfer money and make payments from a simple, intuitive online account. Customers can deposit funds from bank accounts, credit and debit cards, and other sources send them to friends and family or make payments online anywhere NETELLER is accepted.

At those points, customers can use a prepaid Net+ card as well. NETELLER connects businesses to millions of wallet holders across the globe.