How To Buy Bitcoin With Perfect Money

Are you going to buy cryptocurrency? In this case you need to use a reliable and convenient payment service. For example, Perfect Money allows you to purchase Bitcoins and other cryptos online. And in this article, we explain in detail how to do it and also explain how to withdraw and send funds using this method.

What Is Perfect Money?

Perfect Money is a payment service that was created to make payments electronically. It differs from the others by offering users the opportunity to choose any of the multi-currency accounts. For example, anyone can decide to open the account in dollars, euros or even gold. And as the cryptocurrencies’ popularity grows, Perfect Money supports this type of assets, too.

To use Perfect Money in transactions with crypto, you should have an account. You can find an opportunity to set up an account for automatic payments in your profile. This function simplifies electronic payments greatly, so the service is actively chosen by users who appreciate convenience and efficiency during their work.

How To Buy Crypto With Perfect Money?

You can buy cryptocurrency with Perfect Money only using a third party such as a crypto exchange. To do it, you have to link the accounts of the two platforms so the payment can be made. Let's take a closer look at the Bitcoin buying process with Perfect Money step-by-step.

Step 1: Open A Perfect Money Account

If you still don't have a Perfect Money account, you need to open one. You should go to the service's website or app and register there. You will have instructions provided, so don't worry that the process can be complicated.

After opening an account on Perfect Money, top it up. You can do it by transferring funds from your bank card, using a special voucher, or in any other convenient way. Deposit more than you are going to spend on Bitcoin since you will be charged by the service commission of 0.5%, and also by the crypto exchange and blockchain network fees.

Step 2: Choose A Crypto Exchange

You have to decide which platform you will use for buying cryptocurrency. First of all, remember that the exchange must accept Perfect Money as a payment method. Among such platforms are Paxful, OKX, Exmo and Cryptomus. This list is longer, so choose the exchange that will meet your other requirements as well.

Evaluate the platforms for a user-friendly interface, an extended working base, positive user reviews, and security measures taken. You can find all this information on the exchange website itself and in expert articles or forums. The better the reputation of the platform, the more likely that your data and funds will be safe.

Step 3: Create An Account On The Chosen Exchange

When you have decided on the platform to work on, you need to register there. For this, enter your full name, email address or phone number and region of residence. Then you will receive a special message from the platform in your email, where will be a link to confirm your account. After doing it, you can get to work!

Some exchanges require passing the verification or KYC procedures to make user interaction more secure. If this is the case with your platform, prepare your passport or driver's license, or ID card. .

Step 4: Link Your Perfect Money Account To The Exchange's One

As we’ve already said, it is necessary to link your Perfect Money account to your exchange's profile for being able to pay for your purchases. On the exchange website you should go to the "Payment Methods" section and select Perfect Money from the list. Then, you will need to enter your account details and confirm the action. So, now your account is ready to trade crypto!

Step 5: Explore Offers

Cryptocurrency trading takes place on P2P platforms where users choose a suitable offer for selling the coins from a variety of ads. Set up filters to find the right one: select Bitcoin as the desired cryptocurrency and specify Perfect Money as your payment method. If there is other information, you should also indicate it.

Then you will see the list of offers from sellers that match your request. Choose a seller wisely: pay attention to his rating and verification. On Cryptomus P2P, for example, verified users are marked with a special icon near the profile, so you can be confident that you are interacting with a reliable seller. Additionally, study his successful transaction history and read reviews from other users to be sure of your choice.

Step 6: Make A Purchase

When you have selected the seller, contact him to discuss the transaction details. As a rule, communication takes place in an exchange chat room, which is also an additional security measure. First of all, ask the seller for his Perfect Money account number and give him your crypto wallet address. Send the payment to his Perfect Money wallet, and wait for the seller to confirm that he has received the funds. After that, he will send Bitcoins to your crypto wallet and you will also have to confirm the receipt. If everything was successful, the transaction can be considered closed.

Benefits And Drawbacks Of Purchasing Crypto With Perfect Money

If you have not made a final decision on whether to use Perfect Money to buy crypto, we recommend you to study the main pros and cons of this method. They may help you understand how the service is suitable for you.

Pros Of Buying Crypto With Perfect Money

First of all, let's find out what the advantages of using Perfect Money for buying crypto are.

• Comfortable interface. The Perfect Money website and application are designed structurally and in detail, so even beginners will be able to understand how to work with them. Moreover, there are almost no overloads on the service's platform, so the operation always remains high-speed.

• Anonymity. When making transactions with Perfect Money, you need to tell your trading partner only your login and account number. Such confidentiality protects you from fraudulent actions.

• Many partners. Perfect Money cooperates with a large number of banks, payment services and crypto exchanges. Therefore, you can top your account up in any convenient way and buy crypto on the preferred platform.

Cons Of Buying Crypto With Perfect Money

Despite all the advantages, the Perfect Money service has some problematic aspects that can hinder its smooth operation. Here they are:

• The need for intermediaries. Transactions with Perfect Money require the involvement of intermediaries. For example, replenishment and withdrawal of cryptocurrency are possible only using a crypto exchange.

• Inability to return funds. In case your cryptocurrency was sent to the wrong address, the platform administration will not be able to help you. The same applies to fraudulent actions in your account.

• Limited availability. Perfect Money works in a small number of countries. For example, the service is not available in the United States. If you are not a resident of the supporting countries, you will have to look for an alternative payment method.

How To Withdraw Crypto With Perfect Money?

Cryptocurrency transactions via Perfect Money, including withdrawals, are possible only using a third party, such as a crypto exchange. In this case, you need to specify Perfect Money as a payment method and use this account to trade digital assets. You have to buy the crypto on the P2P platform, and make sure it is credited to your wallet. Then go to the exchange's "Withdraw" or "Convert" page, select the crypto, and specify the number of coins you want to withdraw. Then enter your Perfect Money account details and confirm the transaction. You will receive the funds in your account within a few days.

Another way to withdraw crypto with Perfect Money is by selling your crypto and getting the payment from your Perfect Money account. In this case, you also have to register on the P2P platform, but this time as a seller. So create an ad about selling your crypto and look for a buyer. He will transfer the payment in the preferred currency that is equivalent to the crypto's cost to your Perfect Money account.

How To Send Crypto With Perfect Money?

As in the case of withdrawal, transferring or sending funds via Perfect Money is possible with the help of a crypto exchange. There you also need to specify Perfect Money as your payment method and use this exchange account to trade digital assets. On the next stage, buy crypto and make sure it is credited to your wallet. Next, go to the transfers page on the crypto exchange, select the "Send" option, enter the recipient's wallet address, the amount of crypto, and confirm the transaction. The funds will arrive at the specified address.

Another way to send funds using Perfect Money is to use a fiat currency transfer. After withdrawing the crypto from your Perfect Money account, you have the option to transfer these funds to the recipient's account. Select the transfers page in the Perfect Money service, enter the recipient's account number or card details, specify the amount and confirm the transaction. The transfer will be accomplished.

Perfect Money is a profitable and convenient way to buy Bitcoin and other cryptocurrencies. To do it successfully, you need to use a crypto exchange because there is a need to use intermediaries when buying digital assets with Perfect Money. Choose a reliable platform where your data and funds will always be safe.

We hope this guide has helped you understand the nuances of buying Bitcoins with Perfect Money, as well as the withdrawal and transfer of funds via this method. Ask your questions, if you have any, we will be happy to help you!