www.banklesstimes.com
HomeBitcoinHow To Buy Bitcoin With Neteller

How To Buy Bitcoin With Neteller

Last updated 16th Aug 2022
Disclosure

Start trading now with eToro

Neteller is one of the most popular digital wallets accessible to millions of people around the globe. It’s used for a wide array of online transactions, and because of its popularity, it’s often listed as a method for buying Bitcoin (and other cryptocurrencies) on online crypto trading platforms. If you have a Neteller account and are interested in buying BTC using it, you’ve come to the right page.

This article will introduce you to some of the best Bitcoin brokers at the moment accepting Neteller. We’ll discuss how brokers work and how to buy Bitcoin with Neteller and we’ll list some of the major pros and cons of using Neteller to buy Bitcoin and suggest alternatives.

Top Bitcoin Brokers That Accept Neteller

Our team of experts completed in-depth research to find all the online BTC brokers that accept Neteller.

1
eToro
Minimum Deposit
$10
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
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

What Is a Neteller Bitcoin Broker?

Simply put, a Neteller Bitcoin broker is an online cryptocurrency trading platform that allows buying Bitcoin with Neteller.

To use one such broker, you need to open an account and connect your Neteller account to deposit your broker’s balance. After that, you can use the deposited money to buy cryptocurrencies.

Each broker is unique, so you’ll have to dig deeper to explore available trading options. Some of these Neteller Bitcoin brokers are easy to use, while others are complex.

If you’re a first-time buyer, you should aim for beginner-friendly platforms, but if you already have experience with trading, choosing a more complex broker will give you more options.

What Crypto Platforms Accept Neteller?

Brokers are just one way to buy and sell Bitcoin and other popular digital currencies.

However, you can use Neteller with other crypto platforms, such as centralized cryptocurrency exchanges. They are technically very similar to brokers, except that users have more trading options. Of course, many other types of crypto-based services accept Neteller, such as:

  • Crypto lending platforms

  • P2P exchanges

  • P2P marketplaces

Some decentralized exchange platforms are mainly cryptocurrency-focused, and users can only use cryptos to make deposits and buy other cryptos. Therefore, Neteller and other fiat payment methods aren’t available on them

How to Buy Bitcoin With Neteller?

The process of buying Bitcoin with Neteller is straightforward. If you have some experience using Neteller for other online purchases, this one shouldn’t be too difficult. Even if you’re a first-time Neteller user, you will be able to deposit to the crypto broker of your choice easily. Here’s how.

Step 1: Pick a broker
Step 2: Become a member
Step 3: Use Neteller to fund your balance
Step 4: Buy BTC

How to Deposit and Withdraw via Neteller?

The majority of online Bitcoin brokers require a fiat funded account before buying BTC. Here’s what you need to do to make successful deposits and withdrawals.

Deposit:

  • Depositing your funds with Neteller is an easy process. It may be a bit different for every broker, but some of the steps are non-negotiable. Therefore, we made a short step-by-step guide that might apply to almost all online brokers.

Step 1: Sign in
Step 2: Select Neteller as a deposit option
Step 3: Enter the amount
Step 4: Confirm your transaction
Step 5: Buy Bitcoin

Neteller is an instant deposit method, so your funds should be loaded to your exchange balance as soon as you confirm the transaction.

Withdraw:

  • If you want to cash out the funds from your broker’s account, use Neteller. Unlike most fiat payment methods, Neteller accepts cryptocurrencies, meaning you can withdraw your Bitcoin (or other cryptos) and hold them in your Neteller wallet. Here’s how to do that.

Step 1: Logging in
Step 2: Go to the withdrawal section
Step 3: Select the currency
Step 4: Confirmation

You might have to enter additional data in the process, but that mainly depends on the broker of your choice or whether you’re withdrawing fiat or crypto.

What Should I Look For in a Neteller Bitcoin Broker?

With an abundance of brokers out there, it’s challenging to pick just one. But if you want to buy BTC on the best platform, just pick one of the brokers featured on this page. However, if you decide to research brokers yourself, you should take the following things into account.

Security:

  • Every crypto trading platform needs to provide the highest possible security for its users. That way, you can make sure that your sensitive data and funds are completely safe.

Fees:

  • All online money transactions have fees, including Neteller deposits and withdrawals. In addition to that, brokers have their fees for buying, selling, and trading cryptocurrencies, and you should check them before making your final selection.

User interface:

  • Even though all brokers follow a pattern when it comes to the user interface, it’s no secret that some are more user-friendly than others. Feel free to play around with available options to see which user interface suits you the most.

Limits:

  • All brokers impose limits on how much you can deposit, withdraw, buy, and sell. These are often essential for your overall experience, so make sure to find the platform with limits in tune with your budget.

Speed:

  • When dealing with cryptocurrencies, you want your trading platform to be as fast as possible to execute your strategy properly and make a profit.

Should I Buy Bitcoin Using Neteller?

Overall, Neteller is one of the best payment options you can use to buy cryptocurrencies. It’s fast, reliable, and secure. Of course, it also features some downsides. Here are the biggest advantages and disadvantages of using Neteller to buy BTC.

Pros & Cons

Pros

Secure — Neteller is one of the leading online wallets, and there’s a good reason for that, as the service features top-level security.
Fast — As already mentioned throughout this guide, Neteller’s transactions are instant, meaning they’re executed as soon as you confirm them.
Crypto-friendly — You can use Neteller to deposit and withdraw cryptocurrencies. Moreover, it also acts as a cryptocurrency wallet.
Beginner-friendly — Learning and mastering Neteller doesn’t take a lot. The popular payment service features an intuitive interface adapted for beginners.

Cons

Restricted in some countries — Neteller is not available around the globe. Make sure to examine the list of restricted countries to learn whether you can use Neteller in your area.
Needs better buyer’s protection — Even though Neteller has buyer’s protection, it’s still not as good as PayPal’s. That means getting your money back would be more difficult in case something happens, but not impossible.
Imposes fees — The transaction fees on Neteller are not high, but they are definitely above the average.

Is Using Neteller the Best Method to Buy Bitcoin?

As you can see, there are several downsides to using Neteller to purchase Bitcoin. Therefore, it’s safe to say that Neteller is definitely not the best method to buy Bitcoin. Still, it’s definitely in the top ten list due to its popularity as a digital wallet. If you have access to Neteller and are unsure whether to use it, we suggest reading more about it and comparing it to other options — especially other e-wallets.

What Are the Alternative Payment Method to Buy Bitcoin With?

The best alternative to Neteller is PayPal. Both are e-wallets, but PayPal is a bit more popular. Moreover, PayPal is accepted by more online Bitcoin brokers.

If you don’t want to use e-wallets at all, we suggest using your credit or debit card, as these are still the most popular online payment methods. The majority of Neteller Bitcoin brokers also accept card brands such as Visa, Mastercard, American Express, and Discover.

Finally, if you come from one of the countries where Google Pay and Apple Pay options are available, these options are also worth considering. Moreover, they are accepted on many crypto platforms.

Final Thoughts

To sum up, Neteller is popular, fast, and convenient. If you’re already using this payment method for other online services, it can be a convenient option for buying Bitcoin and other cryptocurrencies.

FAQs

Can I buy Bitcoin anonymously with Neteller?
How fast is buying Bitcoin with Neteller?
Do I need a crypto wallet?
Are there low fees when using Neteller to buy Bitcoin?
Can I hold cryptocurrency in my Neteller account?
Can I buy other cryptos using Neteller?
Can I buy Bitcoin with Neteller instantly?
Is Neteller the easiest way to buy Bitcoin?
Does Coinbase accept Neteller?
Khashayar Abbasi

Khashayar Abbasi

Khashayar discovered Bitcoin back in 2014 and has since spent countless hours researching the different use cases of cryptocurrencies. He has a bachelor's degree in International Relations and has been a writer in the financial services industry for nearly half a decade. In his spare time, Khashayar enjoys photography, cycling, and ice skating.