How To Buy Bitcoin With Neteller

Neteller is an online payment service that allows users to send and receive money digitally . Neteller also provides an opportunity to trade cryptocurrencies, but that way transactions are subject to high fees — they can reach 6% per transaction. For more cost-effective buying crypto with Neteller it’s better to use a third-party service such as P2P exchange platform. In this case, you can buy crypto such as Bitcoin, Bitcoin Cash or Ethereum, more profitably.

In this article, we give you a step-by-step guide on how to buy Bitcoin with Neteller using P2P exchange, and tell you how you can do it in the most efficient way.

A Guide On How To Buy Bitcoin With Neteller

Firstly, you need to carefully choose the exchange that you will use. Among popular crypto exchanges that work with Neteller are Paxful, eToro and BitPanda. Users appreciate them for the user-friendly interface and ensuring the safety of transactions. Anyway, you have to additionally study other users’ reviews and try to check the site itself to understand what will suit you best.

Cryptomus P2P exchange has a simple and intuitive interface, so you will easily manage your digital assets here, even if you start working with cryptocurrency for the first time. Moreover, sellers are thoroughly checked by the platform, so the risk of getting scammed here is minimized. Additionally, you can protect your account by enabling two-factor authentication and PIN, so your data and crypto wallet will always be safe.

Let's learn the step-by-step algorithm on how to buy Bitcoin with Neteller on cryptocurrency exchange.

Step 1: Open A Neteller account

First of all, you need to open a Neteller account if you don't have one yet. The service will require your email or phone number. It may also ask you to confirm your identity with your passport or taking a selfie.

Step 2: Register On The Crypto Exchange

Now create an account at the chosen crypto exchange. Here you may also need an ID document and pass the KYC procedure. Don't be lazy to go through all stages of security checks — it means that the platform cares and protects users’ wallets and transactions from hackings. So, you will be able to make the transactions with your crypto with peace of mind.

Step 3: Link Neteller To Your Exchange Account

You need to select Neteller as your payment method on the P2P platform. For doing it you have to enter your Neteller account details in your exchange personal account and confirm them. Follow the instructions provided by the platform to do everything correctly. Before buying Bitcoin, top up your Neteller account.

Step 4: Select The Seller

Fill your order: enter the amount of Bitcoins you want to buy and specify Neteller as your payment method. Then you can start searching for the suitable seller from the list that the P2P platform will offer you. Pay attention to the seller’s payment method — it should also be Neteller. Don’t choose the cheapest options because of a desire to save money and be at risk of scamming — it’s better to try saving on commissions without danger.

You can trade easily on Cryptomus P2P — transaction fees are only 0.1% here.

Step 5: Make The Deal

Select a few sellers from which you would like to buy Bitcoins. Contact them to discuss the transaction details, and choose the best offer for you. Then transfer your funds to the seller's Neteller account and wait for the Bitcoins are credited to your cryptocurrency wallet.

Tips for Successfully Buying Bitcoin with Neteller

Cryptocurrency market involves risky investments due to frequent price fluctuations and the threat of scammers. So, you should protect your wallet and personal information while working on the crypto exchange.

Follow our tips for successful transactions:

• Monitor the market. Bitcoin is a volatile cryptocurrency, so you should consider its rate in the market to buy it at the most favorable price.

• Select a reputable crypto exchange. Learn the working base and the number of positive reviews about the platform — these issues will indicate the platform’ reliability. Also pay attention to convenient usability.

• Secure your wallet. Use a strong password and enable two-factor authentication to protect your account from scammers.

• Use secure networks. When you make transactions, you should use only your personal computer — it’s much safer than working from public ones and using public Wi-fi.

How To Send And Withdraw Bitcoin With Neteller

In addition to buying, you can also send and withdraw funds with Neteller. It is possible in certain terms — let's find out:

• Sending Bitcoins with Neteller. You can transfer Bitcoins to another Neteller user from your cryptocurrency wallet. It can be done within your Neteller account: go to the transfers section and select “Neteller Money Transfer”. Here you will need to enter the recipient's email address or phone number, choose a desired cryptocurrency from the list and enter the amount you want to send. Transaction fees will be displayed in the transfer summary;

• Withdrawing Bitcoins from Neteller. The process of withdrawing crypto with Neteller performs in your Neteller account as well. You need to open your wallet, then select "Withdrawal" and then "Cryptocurrency Wallet". Specify the amount you want to withdraw, and enter the address where you plan to transfer your funds. After that, all you have to do is to confirm the transaction.

Withdrawal limits for cryptocurrency assets depend on your status within Neteller. For example, if you are a regular customer with a US dollar account, you may request a minimum of $20 and a maximum of $100,000, equal to the value of the cryptocurrency, per transaction.

Neteller is a popular and convenient way to buy Bitcoin. At the same time, you can work both within the Neteller platform itself and using a crypto exchange. The second variant is more optimal due to the profitable and safe process. Consider only your priorities and preferences to choose a suitable option.

We hope this article helped you understand how to buy Bitcoins with Neteller, and now you know exactly how to use the service for your crypto management as efficiently as possible.