How to buy Bitcoin with Neteller

Bitcoin is the original blockchain-based cryptocurrency. Buying Bitcoin with Neteller is a great option. It is instant, and little verification is required.

This guide provides you with a step-by-step guide for buying Bitcoins using Neteller. We explore the benefits,  the fees, and the exchanges that accept Neteller for payment.

Best platforms to buy Bitcoin with Neteller – 2021

1
Minimum Deposit
$50
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
CopyPortfolios: Innovative, fully managed investment strategies
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
2
Minimum Deposit
$250
Exclusive Promotion
User Score
8.1
Trade the global markets. Trade with real-time execution and professional tools
Follow and copy Naga's top traders who have mastered their trading strategies
Free personal account manager
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.48% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
3
Minimum Deposit
$50
Exclusive Promotion
User Score
7.5
Over 4 million customers worldwide
Buy, sell and trade nearly 200 digital assets
Verified within 15 minutes

What is Neteller?

Neteller is an online payment company that offers a digital wallet, payment gateway, remittance services, buying and selling cryptocurrency

Paysafe Group owns Neteller, which was formed in 1999.  The company facilitates buying and selling 28 cryptocurrencies, including Bitcoin. Users can buy Bitcoin within the Neteller platform.

Users can buy Bitcoins instantly, even set up a conditional or recurring order. There is also a feature to set up alerts to notify the user when a specific price target is reached.

Users can get a prepaid debit account, an international account, and a mobile app to access transactions easily.

Neteller users can fund their accounts in more than 100 ways, depending on their location. You can fund your Neteller account using these sources:

  1. Credit/Debit cards.
  2. E-wallets, e.g., Paytm, Skrill
  3. Bank transfers

The company has a loyalty program where users earn points after purchasing Bitcoins. These points can be redeemed from rewards.

Here are the transaction fees for Neteller:

Buy Crypto (Transactions in USD) Fees (USD)
Up to $19.99 0.99$ per transaction
Between $20-$99 $1.99 per transaction
Above $100 1.5% per transaction

Users can use Neteller to purchase Bitcoin in the following ways.

  1. Neteller – Neteller has a provision to purchase Bitcoin within its system.
  2. Peer to peer Marketplaces – This is a buyers and sellers’ market, where the sellers float their offers.
  3. Crypto exchanges – This includes brokers and exchanges. 

Buy Bitcoin with Neteller now at our preferred partner

1
Minimum Deposit
$50
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
CopyPortfolios: Innovative, fully managed investment strategies
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Pros and cons of buying bitcoin with Nettler

Using Neteller for purchasing Bitcoins has its upsides and drawbacks. Here are a few examples:

Pros

  • Simple user interface  – Users who decide to use the Neteller platform experience an easy way to purchase Bitcoins.
  • Competitive rates – Neteller users get charged less than 2% for transactions below $100. Above that, they are charged 1.5% per transaction.
  • Deposit methods – There are 100 ways users can fund their Neteller account to buy Bitcoins.
  • Quick transactions– Transactions are almost instantaneous, taking between 1-2 seconds for Bitcoins to be credited to your wallet. This is after the transaction has been confirmed.
  • Widely adopted – Neteller is widely used in Europe. There are also a lot of account holders across the world.
  • Accepts all major cards

Cons

  • Restricted for some major markets – Despite its widespread adoption, Neteller services are restricted in Japan and the USA.
  • Expensive charges for credit/debit cards- A 2.5% is charged on all credit/debit card deposits.

How does Bitcoin work?

Bitcoin is a digital currency widely used across the world for transactions. There is no single central authority that controls Bitcoins. Bitcoin transactions are recorded on a shared public ledger called a blockchain. Records of the transactions are immutable.

How to buy Bitcoin with Neteller online

Using the Neteller Platform

Step 1: Create an account with Neteller. Complete the verification process. 

Step 2: Select “Buy and sell crypto” option from the Dashboard.

Step 3: Money in: You will be provided with various means to deposit money into your account.

Step 4: Ready to trade: Buy Bitcoins using the amount you deposited.

Step 5: Transfer your Bitcoins to a wallet, e.g., Exodus or Ledger Nano S.

Peer-to-peer marketplace

Here are some of the general steps to follow to complete a purchase:

Step 1: Open an account. This involves inputting your details for verification.

Step 2: Search for vendors who accept Neteller as a form of payment. Check for the suitable price, volume, trust level, and response times. 

Step 3: Check the trade terms applicable.

Step 4: Most marketplaces offer a chat option to communicate with the vendor to clarify any issues.

Step 5: Send money from your Neteller account to the vendor’s account. Mark the transaction as “paid”.

Step 6: At this point, the Bitcoins you purchase are in an escrow account. They are released once the merchant confirms receipt of payment.

Some reputable peer-to-peer exchanges include Paxful, Remitano, and LocalBitcoins.

Crypto Exchanges

Step 1: Find a suitable crypto exchange that accepts Neteller as a form of payment. Open an account and follow through with the verification process.

Step 2: Choose Neteller as the payment option, link your Neteller account to the exchange, and deposit funds into your account.

Step 3: Place an order. This involves entering the amount you wish to spend. Confirm the order, transactions fees, and sanction the transaction.

Step 4: Transfer the Bitcoins to your wallet. Examples of reputable wallets include Exodus, which is good for beginners, and Electrum for advanced users. Note, some exchanges will require a wallet address to complete the transaction, so download the wallet beforehand.

Exchanges and brokers that accept Neteller include eToro, CoinCorner, SpectronCoin, and BitPanda.

Congratulations, you’ve just bought your first Bitcoin with Neteller!

Top platforms to buy Bitcoin with Neteller

1
Minimum Deposit
$50
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
CopyPortfolios: Innovative, fully managed investment strategies
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
2
Minimum Deposit
$250
Exclusive Promotion
User Score
8.1
Trade the global markets. Trade with real-time execution and professional tools
Follow and copy Naga's top traders who have mastered their trading strategies
Free personal account manager
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.48% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
3
Minimum Deposit
$50
Exclusive Promotion
User Score
7.5
Over 4 million customers worldwide
Buy, sell and trade nearly 200 digital assets
Verified within 15 minutes