Payoneer is now a popular payment method for buying and selling Bitcoin.
All you need to do is pay with Payoneer to have Bitcoin in your crypto wallet in less than an hour.
Recently, I’ve been finding different tested and trusted ways you can use to pay for Bitcoin and other Altcoins online securely.
In this guide, am going to show you how you can simply buy any amount of Bitcoin with Payoneer Mastercard or account instantly.
How to buy BTC with Payoneer
To make this tutorial straight to the point, I will 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.
LocalCryptos launched in 2015, was known as LocalEthereum. It was initially built as a P2P platform for buying Ethereum (ETH) only.
The platform later rebranded – adding Bitcoin (BTC) and Litecoin (LTC), and some other established crypto-coins.
This is a non-custodial peer-to-peer exchange, and that means you don’t have to deposit your crypto directly on the platform.
Also, you are not required to verify your identity to use LocalCryptos.
Compared to Paxful, LocalCryptos has fewer payment methods, even though it continues to expand aggressively.
Sellers pay a 0.25% trading fee while buyers pay a 0.75% trading fee.
|60+ payment methods||Few supported cryptocurrencies|
|Trade BTC, ETH, and LTC||Vendors can be scammed|
|No KYC verification|
|Lower exchange fee|
|High security than other P2Ps|
LocalBitcoins is a P2P Bitcoin marketplace that specializes in connecting buyers and sellers, while serving as an escrow.
LocalBitcoins gives vendors the ability to create offers in all currencies including Google Pay wallet.
|Available in every country of the world||Lack of cryptocurrency diversity|
|A diverse selection of buyers and sellers||Both sellers and buyers can be scammed|
|Supports many payment methods|
|Buyers get their bitcoins fast|
Paxful is an alternative to LBC, well over 300 payment methods, with focus on users that buy and sell Bitcoin cryptocurrency only.
Just like LocalBitcoins, it also serves as an escrow.
Paxful cryptocurrency Peer-to-Peer marketplace platform gives vendors the ability to create offers in all currencies.
|Escrow service system||Buyers and sellers are at risk of being scammed|
|Diverse payment methods|
|Simple user interface (UI)|
|Wide variety of sellers|
Frequently Asked Questions
Buy Bitcoin with Payoneer account
As you have seen, the whole process of purchasing BTC with Payoneer is a lot simpler and very easy.
However, you will need to be very careful as those Bitcoin P2P marketplaces have high risk of thefts.
Make sure to always purchase BTC from verified vendors with good reputation on the P2P platforms.