Payoneer is now a popular payment method for buying and selling Bitcoin.
Recently, I’ve been finding different tested and trusted ways you can use to pay for Bitcoin and other cryptocurrency purchases online instantly and securely.
In this guide, am going to show you how you can simply buy any amount of Bitcoin with Payoneer Mastercard or account instantly.
What is Payoneer?
Payoneer introduced in 2015, is a global payments company that provide international online money transfers and payment solutions.
It specializes in providing B2B (i.e. Business-to-Business) payment services for payroll, affiliates, ad networks, etc.
Payoneer account holders can send and receive funds into their bank account, Payoneer e-wallet, or onto a re-loadable prepaid Master Debit Card that can be used online or POS (Points-of-Sale).
Payoneer provides cross-border transactions in 200 countries and territories and more than 150 local currencies, with its cross border wire transfers, online payments, and refillable debit card services.
In addition to all the existing services, you can also use Payoneer to buy Bitcoins in some reliable marketplaces (like; LocalBitcoins or Paxful) online.
The whole process of purchasing BTC with Payoneer is a lot simpler. All you need to do is pay with Payoneer to have Bitcoin in your crypto wallet in less than an hour.
How can I buy Bitcoin with Payoneer?
To keep this tutorial simple and straight to the point clear, am going to guide you on how to buy Bitcoin with Payoneer on LocalBitcoin marketplace.
- Create an account with LocalBitcoins
- Verify your LBC account
- Search for vendors that accepts Google Pay
- Enter the amount you want to buy
- Follow the vendor’s payment guideline
- Receive BTC directly into your wallet.
Ways to buy Bitcoin with Payoneer
There are many ways to buy Bitcoin using Payoneer account, but these ones you will see below are the ones I’ve used to purchase BTC safely.
LocalBitcoins is a P2P (Person-to-Person) Bitcoin exchange platform that specializes in connecting buyers and sellers, while serving as an escrow to their transaction.
LocalBitcoins gives vendors the ability to create offers in all currencies including Google Pay wallet.
- Available in every country of the world
- A diverse selection of buyers and sellers
- Supports many payment methods
- Buyers get their bitcoins fast
- Lack of cryptocurrency diversity
- Both sellers and buyers have a chance of being scammed.
Paxful is yet another P2P (Person-to-Person) marketplace that supports, well over 300 payment methods. Just like LocalBitcoins, it also serves as an escrow.
Paxful cryptocurrency platform gives vendors the ability to create offers in all currencies.
- Escrow system
- Diverse payment methods
- Simple user interface (UI)
- Wide variety of sellers.
- Buyers and sellers are at risk of being scammed.
Let me use this opportunity to answer some of the frequently asked questions on buying Bitcoin cryptocurrency using Payoneer cards and account.
Can I buy Bitcoin with Payoneer card?
Yes of course! You can buy Bitcoin with Payoneer Mastercard. Though you will need to get your Payoneer merchant account verified before you can purchase crypto-coins with it.
Buy Bitcoin with Payoneer account
As you have seen, buying Bitcoin cryptocurrency with Payoneer fund is very easy. But you will need to be very careful as those Bitcoin P2P marketplaces have high risk of thefts.
Make sure you always purchase BTC from the verified vendors with good reputation on the marketplace platforms.