How To Buy Bitcoin With Wise (TransferWise)

Wise, formerly known as TransferWise, is a money transfer service for multi-currency accounts. Despite the fact that its customers can make bank transfers in fiat currencies with low fees,.the Wise service is also friendly to cryptocurrencies. Additionally, it offers users an easy way to invest in Bitcoin and other cryptocurrency using crypto exchanges. And in this article, we will take a detailed look on how to buy and send Bitcoins using Wise.

A Guide On How To Buy Bitcoin With Wise (TransferWise)

If you have a Wise card, you can buy cryptocurrency similarly to any debit or credit card. To do this, you need to indicate on the crypto exchange how much you want to spend and you’ll see the approximate value of the desired digital coins. Next, you only have to confirm the transaction.

A more popular way to purchase cryptocurrency with Wise is using crypto exchanges which support Wise as a payment method such as Binance or KuCoin. There you can use Wise to buy any digital asset, including Bitcoin, USDT, and Ethereum by connecting a Wise account with your cryptocurrency wallet. Here's a step-by-step guide on how to buy cryptocurrency with Wise.

Step 1: Open A Wise Account

Firstly, you have to sign up at Wise in order to open the account. You can use your email address to do it. The service will ask you to confirm your identity with an ID document or taking a selfie. After that, top up your account for further purchases.

Step 2: Choose A Crypto Exchange

You can buy Bitcoin and other crypto with Wise by direct purchase on a crypto exchange or P2P platform. Keep in mind that the platform must accept Wise as a payment method. Before using the platform, study user reviews and the level of fees to make sure the choice is optimal.

A profitable solution is to buy cryptocurrency on Cryptomus P2P — here the transaction fees are only 0.1%. Cryptomus doesn’t support Wise, but you can use other payment services.

Step 3: Link Wise To Your Exchange Accounts

You need to specify Wise as your payment method on the chosen P2P exchange. To do this, you need to enter your Wise account details in your exchange account and confirm them. Usually each exchange has its own algorithm of actions, so follow the attached instructions.

Step 4: Select The Seller

Enter the amount of Bitcoins you want to buy. The P2P platform will provide you with a list of sellers for your request. Bitcoin here will be sold at market value, but the terms of sale will differ. Therefore, choose the one that suits your needs best. Also pay attention to the Wise service in the list of sellers’ possible payment methods.

Step 5: Make The Deal

Discuss all the transaction details with the seller before completing it. Then enter the seller information’s details: name, wallet address, bank account details and payment method. After that, transfer the money and wait for the Bitcoins to arrive on your cryptocurrency wallet.

To use Wise on P2P exchange, you have to create an account there, select the cryptocurrency you are planning to buy and choose Wise as a payment method. Then you are ready to buy crypto from a selected seller.

How To Send Bitcoin With Wise (TransferWise)

In addition to buying, with Wise you can also send Bitcoins to cryptocurrency wallets. For doing this, in the Wise app you need to enter the crypto wallet address where you plan to send your funds to and the amount, then confirm the transaction.

Here is a more detailed algorithm on how to do it:

1. Log in to your Wise account and go to the "Send Money" section;

2. Enter the Bitcoin wallet address you want to send money to;

3. Specify the amount you want to send;

4. Check the transaction details and confirm it.

After these steps you need to wait for the transaction to be processed — it may take some time depending on the network load.

Tips For Successfully Buying And Sending Bitcoin With Wise

The cryptocurrency market is subject to significant price changes and risky investments. Therefore, before buying digital coins with Wise, you need to make sure that your transactions are profitable and in safe in the following ways:

• Monitor your investment. Study the market to stay informed of any changes in Bitcoin prices;

• Invest as much as you can afford to lose. You need to be prepared for different price changes because of the market volatility. To develop a competent financial strategy, learn our guide about it;

• Choose a reputable exchange. Make sure the chosen exchange has a verified license and an extended working base;

• Protect your wallet. Store your crypto in a secure wallet where it would be difficult for hackers to break into it. For example, on Cryptomus you can enable two-factor authentication, PIN and other additional security measures, which protect all your personal data and a wallet account;

• Use secure networks. Public computers or Wi-Fi can be dangerous and risky for transactions’ security. Always use only your personal computer, preferably with a VPN.

With Wise you can easily buy and send Bitcoins using a reliable cryptocurrency exchange. Moreover, if you have a Wise card, purchasing digital coins becomes even easier. But the choice of payment method always depends only on your preferences.

We hope this article has helped you learn more about Wise service, and now you can easily make cryptocurrency transactions with peace of mind.