How To Buy Bitcoin With Paysafecard

Paysafecard is a prepaid online payment method based on vouchers. It is popular and actively chosen for its security and convenience, because it doesn’t require personal information for making payments. You can pay for any goods and services and make transactions using the Paysafecard service, including buying cryptocurrency. In this detailed guide we tell you how to buy Bitcoin and other cryptocurrencies with Paysafecard and how to do it effectively.

A Guide On How To Buy Bitcoin With Paysafecard

Using Paysafecard for buying crypto is simple if you know well how this service works. Let's take a closer look at a step-by-step algorithm on how to buy Bitcoin and other crypto with Paysafecard.

Step 1: Purchase Your Paysafecard

First, you have to create an account on the Paysafecard website. The platform will ask for your name, email, phone number and home address. Then you will be able to take your card at the nearest card sales outlet. The Paysafecard will work like a voucher having a 16-digit code, which will be used for online payments.

Step 2: Make A deposit

The next step is to top up your card account. You can do it with cash at a card sale outlet or online by going to the “Top up” section on your bank's website. For doing it, enter your Paysafecard code and transfer the funds to your account.

Step 3: Choose A Cryptocurrency Exchange

Buying cryptocurrency with Paysafecard can only be done using a third party such as a cryptocurrency exchange. You can also buy crypto with Paysafecard anonymously using decentralized exchanges that don't require verification or passing the KYC procedure.

However, the best option to buy Bitcoin with Paysafecard is using a P2P exchange. In order to choose a reliable exchange, read other users’ reviews and study the platform’s working base. The better the reviews and the larger the working base are, the more reliable the exchange is.

Try Cryptomus P2P to buy cryptocurrency. All sellers are thoroughly vetted before posting ads there, so the risk of running into fraud is reduced to zero. You can also see a special verification icon next to each seller and see the number of successful deals, which will help you make a decision about cooperation.

Step 4: Create An Account On An Exchange

On any exchange, you need to register before starting. This process is similar everywhere: you'll need to provide your full name, a relevant email, and phone number. Some platforms also include passing the KYC procedure, which may require an ID document.

Step 5: Link Your Paysafecard To Your Crypto Account

For paying with your Paysafecard on a crypto exchange, you need to specify your card as a payment method. Click on “Payment Method” or similar section, find Paysafecard in the list and select it as your payment option. Enter your 16-digit voucher code and confirm the action.

Step 6: Choose The Offer

On the P2P platforms you have the opportunity to choose the suitable option of cryptocurrency sale from other people. Pay attention to the offer’s favorable terms and the seller’s reliability: his account must be verified. Also look at the number of successfully realized deals and read reviews about the seller if there are any. It will help you to make your purchase secure.

Step 7: Make A Deal

When you have selected a suitable offer, contact the seller to discuss the transaction details. Ask him for his Paysafecard voucher code and share your crypto wallet address. Make a payment to his account and expect Bitcoins to arrive on your cryptocurrency wallet.

Pros And Cons Of Purchasing Crypto With Paysafecard

Paysafecard has both positive and negative aspects. Explore them to see whether this payment method suits you.

Pros and Cons
Benefits	Ease of use. Paying with Paysafecard, all you have to do is enter your 16-digit code — this process takes seconds.	Anonymity. You can use Paysafecard without providing personal information, so your transactions will be safe from fraudsters.	Widespread acceptance. Using Paysafecard for paying is possible at multiple online stores and cryptocurrency exchanges. What is more, you can buy your voucher at one of 650,000 locations worldwide.
Drawbacks	Limited payment amounts. Each Paysafecard payment is limited to $300, so larger purchases will require a larger number of transactions.	Likelihood of ending your anonymity. If you decide to sell your Bitcoin and withdraw money in fiat currency from your account, all transactions will become linked to your personal information.	Limited number of accepting crypto exchanges. Despite the widespread usage of Paysafecard, not all cryptocurrency exchanges accept it as a payment method.

Tips For Successfully Buying Bitcoin With Paysafecard

For buying Bitcoin with Paysafecard as profitably and safely as possible, follow our recommendations:

• Keep an eye on the Bitcoin exchange rate. Bitcoin is characterized by its volatility, so check its rate regularly and read expert forecasts to buy the crypto at a favorable price.

• Invest as much as you are willing to lose. Due to the cryptocurrency market volatility, there is a risk of a price crash. Therefore, try not to buy a lot of Bitcoins for investment.

• Choose a reliable exchange. In order to save on commissions, choose a crypto exchange with the smallest ones. For example, on Cryptomus P2P you can buy Bitcoin with a fee of only 0.1%. Also remember that the platform should have good reviews, recommendations from experts and a large base of successfully realized transactions.

• Protect your wallet. Use a strong password using the wallet and enable two-factor authentication to keep your data and assets safe.

Paysafecard is a safe and convenient method for buying Bitcoin and other cryptocurrency. It ensures anonymity and allows you to make purchases quickly. Nevertheless, the method has its limitations, which can become fundamental in making a decision. The choice of using it or not depends only on your needs and priorities.

We hope this article has helped you understand the features of the Paysafecard service, and now you know how to buy Bitcoin with it in the most effective way.