How To Buy And Send Bitcoin With Western Union

Western Union is one of the most popular money transfer services in the world. In addition to traditional money, with Western Union you can also buy cryptocurrencies such as Bitcoin, Ethereum and USDT.

In this article, we are taking a detailed look at the process of buying and sending Bitcoin and other cryptocurrencies using Western Union service.

How To Buy Crypto With Western Union

Buying Bitcoins with Western Union can be done using a third party such as a cryptocurrency exchange. First of all, you have to find a platform that supports Western Union as a payment method. After selecting an exchange, the process of buying cryptocurrency is as follows.

Step 1: Register On An Exchange

Create an account on the selected crypto exchange. You need to enter your name and email address, then come up with a strong password. After that, confirm the account with your email and phone number to access your wallet.

Step 2: Verify Your Identity

Some platforms require you to pass identity verification. It is usually done after registration. There can be the necessary procedures such as taking a selfie or passing “Know Your Customer” (KYC) requirements.

Step 3: Make A Deposit Via Western Union

Select Western Union as the payment method on your crypto account, then enter the amount you want to deposit. The platform usually provides instructions on how to transfer funds from Western Union to your cryptocurrency wallet. Try to check them in advance. Therefore, you just need to check your personal information and follow the instructions.

Step 4: Find An Offer

If you use a P2P exchange, you can start researching offers of Bitcoin sale. Take into account that the seller should also accept payment in Western Union. Also look at the purchase profitability and the seller's rating.

You can find reliable offers on Cryptomus P2P. The exchange doesn’t support Western Union, but you can buy cryptocurrency through other various payment methods. The exchange thoroughly checks each seller before placing an offer, so the risk of scam is extremely low here.

Step 5: Buy Bitcoin

When you have found the most suitable offer for you, you can contact the seller and discuss the transaction details. Follow the seller's instructions to make the payment. When the actions are completed, the Bitcoins will be credited to your cryptocurrency wallet.

Tips For Successful Purchasing Crypto With Western Union

Before buying Bitcoin or other cryptocurrency using Western Union, learn a few rules that will make your purchase profitable and keep your data safe.

Here are some tips:

• Keep an eye on the Bitcoin exchange rate. It is a volatile cryptocurrency, so you should always consider its dynamics and changes in the market to find the best time to buy;

• Find an exchange with low fees. Transactions with Western Union can be expensive because of the exchange rate difference — on average, they are equal to 5%. To make transactions more cost-effective, choose a crypto exchange with lowest possible commissions. For example, Cryptomus P2P has a transaction fee of only 0.1%;

• Choose a reputable exchange. Study the platforms rating and user reviews. It is good if the platform has an extended working base as well;

• Protect your exchange and Western Union accounts. Use complex passwords and enable two-factor authentication to keep your data safe.

How Can I Send Bitcoin Through Western Union

In addition to buying Bitcoin with Western Union, you can also sell it on a P2P exchange and send the currency. However, sending is only possible in two cases: when you send your funds from Western Union account to a cryptocurrency wallet and when converting crypto to fiat. Let’s look at these processes in more detail:

• Sending funds from a Western Union account to a cryptocurrency wallet. It can be done when you link your accounts on Western Union and crypto exchange. It is necessary to provide the service with the cryptocurrency wallet address and sometimes to pass identification. After that, you can enter the required amount, confirm the transaction and wait for the money to get to you;

• Convert crypto to fiat currency. In this case, you have to sell your Bitcoins or other crypto on the exchange in order to receive fiat currency. Then you can cash these funds out into your Western Union account. At this step you have an opportunity to request a wire transfer to your Western Union account for doing it.

Western Union is a convenient service for those who want to invest in Bitcoin through a crypto exchange. It’s a safe channel for making transactions. However, sending crypto using the service can be difficult for beginners or those who do not have much crypto investment experience. Anyway, you always should think of your transactions’ security when making a decision.

Thank you for reading! We hope this article helped you understand how to buy Bitcoins through Western Union profitably, and now you can make a decision about using the service.