If you have reached this page, it is likely that you already know what Neteller is or even already have an electronic wallet and what you want is to know how you can use it to buy bitcoins and other cryptocurrencies. If you do not know what it is, we will also explain it to you.
The options How To Exchange Your Neteller For BTC can be divided into two large groups:
Option 1: Buy bitcoins with Neteller on a cryptocurrency
Option 2: Invest or save in bitcoin or cryptocurrencies by buying them directly on the Neteller website (we do not recommend it, we will explain why later).
But first, we will briefly explain what Neteller is and how it works.
What is Neteller, how does it work and in which countries is it available?
But in case you did not know it yet, we will tell you that Neteller is a service similar to PayPal, which facilitates electronic commerce by allowing payments and money transfers over the internet.
Their focus is on low-cost international money transfers and sending money between Neteller accounts is fast, secure, and cheap.
But unlike PayPal, Neteller is not as severe about the requirements to open an account. For this, you only need to provide an email address and provide a credit card.
Verification of identity and residence is only necessary to be able to increase the withdrawal limits. The verification process can only be started once you have successfully made your first deposit of funds.
To load funds to your account you can use any of the following forms of payment:
- Bank transfer
- Credit / debit card
- Bitcoin or Bitcoin Cash
- Skrill, RedPagos, AstroPay, GiroPay, iDeal, EPS, and many others.
At the moment, Neteller does NOT offer its services to the following countries (those that do not appear in this list are allowed):
Afghanistan, Benin, Bonaire, Burundi, Chad, Crimea, Cuba, Djibouti, Equatorial Guinea, Eritrea, Gabon, Gambia, Guinea, Guinea-Bissau, Guyana, Iran, Iraq, Kazakhstan, Kyrgyzstan, Lao People’s Democratic Republic, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mongolia, Montserrat, Myanmar, Nauru, Niger, Niue, Norfolk Island, North Korea, Palau, Papua New Guinea, Saint Barthelemy, Saint Kitts and Nevis, Saint Martin, Sint Maarten, Sierra Leone, Sudan (North and South), Suriname, Syria, Tajikistan, Timor-Leste, Togo, Turkmenistan, Uzbekistan, Western Sahara, Yemen.
Option 1: Buy bitcoins with Neteller on a cryptocurrency exchange
New option: compare bitcoins with Neteller on Kriptomat
This exchange serves as a bridge between fiat money and cryptocurrencies. It is simple to use and reliable, as it is regulated by the European Union and is open to customers in more than 80 countries around the world.
Kriptomat is licensed by the Estonian Government Financial Intelligence Unit to operate as a Virtual Currency Exchange Service Provider for Fiat Currencies and as a Virtual Currency Wallet Service Provider.
How to buy bitcoins with Neteller on Kriptomat
Below you can see some videos with the main steps you must follow to buy Bitcoin (BTC) in Kriptomat paying with Neteller.
How to open an account on Kriptomat :
How to verify your identity on Kriptomat :
How to buy BTC with Neteller :
Buy bitcoins with Neteller on eToro
eToro is the world’s leading social trading network with millions of registered users and a variety of innovative short- and long-term investment tools.
This investment platform became popular for its social trading tools, which allow you to follow the operations of other investors, interact with them, and if you want to automatically copy the investments of the most successful ones.
Until relatively recently, in eToro it was not possible to invest directly in cryptocurrencies but you did it through CFDs without actually buying the underlying asset. Now it is possible to actually buy bitcoins and other cryptos and even take them off the platform, for example to your crypto wallet.
Besides Bitcoin, it is possible to buy other cryptocurrencies such as Ethereum, Bitcoin Cash, Ripple, Litecoin.
How to deposit money on eToro with Neteller
The steps are the same for other forms of payment such as PayPal, Skrill, and Webmoney.
- Step 1: go to the eToro website and open an account.
- Step 2: Once registered, click on your preferred payment method in the drop-down menu (Neteller in this case), enter the amount you wish to deposit, and click “Continue”.
- Step 3: You will be redirected to a new page to log into your Neteller account. Enter the required login details.
- Step 4: review the transaction. When you have verified the details, click on “Pay”.
In a few minutes, you will receive the balance in your account. If for any reason your request is not authorized, you will receive an email notification.
Buy bitcoins with Neteller on Bitpanda
Bitpanda is a company based in Austria and it is the only cryptocurrency exchange that I know of that accepts Neteller directly as a form of payment.
To buy bitcoins with Neteller in Bitpanda you must first open an account in Bitpanda, then deposit a balance in it from your Neteller account and finally use that balance to buy bitcoins.
Steps to buy bitcoins on Bitpanda with Neteller
- Step 1: Visit the Bitpanda website and open an account by clicking Sign Up in the upper right corner.
- Step 2: Deposit money into your account. Once the account is created (and after the verification process), enter your account and your Dashboard click on Deposit.
- Step 3: Select the currency you want to deposit.
- Step 4: Choose the payment method (Skrill in this case)
- Step 5: Choose the amount to deposit in your Bitpanda account
- Step 6: Review the operation and commissions, accept the purchase conditions and confirm the purchase.
- Step 7: use the balance you now have to buy bitcoins or the cryptocurrency you want from those available in Bitpanda.
What currencies does Bitpanda accept?
Bitpanda is primarily aimed at the European market so it only accepts deposits and withdrawals in Euros (EUR), US Dollars (USD), Swiss Francs (CHF), and British Pounds (GBP).
But Neteller deposits and withdrawals are only available in Euros (EUR), Swiss Francs (CHF), and British Pounds (GBP).
Withdrawal and deposit in US Dollars (USD) is available on Bitpanda with Skrill, which belongs to the same company as Neteller.
Countries accepted in Bitpanda
Buying cryptocurrencies on Bitpanda is currently only available to EU residents within the SEPA Zone. This means that most of the EU members plus Iceland, Liechtenstein, Norway, Switzerland, and Monaco.
Users from outside the EU can use their accounts to store and send cryptocurrencies and can also sell their cryptocurrencies there and receive payments through Neteller.
What forms of payment does Bitpanda accept?
In addition to Neteller, it accepts as forms of payment (depending on the currency) EPA, GIROPAY / EPS, iDEAL, SOFORT, NETELLER, Zimpler, Visa, and Mastercard.
Buy bitcoins with Neteller at LocalBitcoins
Localbitcoins is an online market for the exchange of bitcoins between individuals.
In Localbitcoins you can find numerous sellers from all over the world that offer bitcoins and in which there are numerous forms of payment available.
Although the operation is carried out between individuals, LocalBitcoins has established systems to be able to filter sellers by their level of reputation and number of successful operations. So you can find a vendor that accepts Neteller that has a high level of reputation to make sure you don’t run into problems.
It also has the so-called Guarantee Deposit for greater security of funds and transactions.
If you want to know how to buy bitcoins with Neteller at Localbitcoins, we recommend that you read our Step-by-step guide to buy bitcoins with PayPal at LocalBitcoins. The process is the same for Neteller as it is for PayPal, you just have to choose this other payment method when doing your search.
- Advantages: fast process, variety of vendors.
- Disadvantages: Sellers on LocalBitcoins tend to have a very high premium for payment methods like Neteller.
Buy bitcoins with Neteller on Paxful
Paxful is a service very similar to Localbitcoins. Also, the sale of bitcoins in Paxful is carried out between individuals and not with a company directly, with the advantages and disadvantages that this entails.
Perhaps the main differences between Paxful and Localbitcoins are:
- In Paxful you can find many forms of payment for bitcoins a little more “rare” that you cannot find in Localbitcoins (especially gift cards of big brands) while in Localbitcoins the more standard forms of payment are accepted above all;
- Localbitcoins is more focused on finding close people to buy from (in your city or country), while Paxful is more of a global market.
If you want to know in detail the process to buy bitcoins on Paxful with Neteller, I recommend this article Step by step guide to buying bitcoins with PayPal on Paxful. The process is the same for Neteller, you just have to change PayPal for Neteller when doing your search.
Option 2: Buy bitcoins with Neteller directly on their website
Since mid-2018, Neteller allows buying bitcoins and cryptocurrencies directly on its platform.
But as we said in the introduction, we do not recommend doing it for what we explain below.
Buying bitcoins in Neteller is easy but it has a drawback: you can only buy and sell them within the platform, that is, you cannot send them to your bitcoin wallet, or send them to another bitcoin exchange to sell or exchange them there. I mean, you don’t have control over those bitcoins, they aren’t yours.
This method of buying cryptocurrencies with Neteller will be useful if you want to speculate and make money with fluctuations in the price of cryptocurrencies since the commissions are relatively low, but it will not help you much if you want to use your coins. as a means of payment, for example, to buy in physical stores or online.
Steps to open a Neteller account
These are the steps you must follow to buy bitcoins and cryptocurrencies on Neteller (in summary):
- Step 1: go to the Neteller website and open an account.
- Step 2: add your card details.
- Step 3: deposit funds in your local currency.
- Step 4: go to the “Crypto” tab and then to “Trade” .
- Step 5: complete the process of exchanging your balance in exchange for bitcoins.
Currency and cryptocurrencies available on Neteller
At Neteller, you can set up your account in 28 different fiat currencies, including EUR, USD, the Brazilian Real (BRL), the Mexican Peso (MXN), and the Colombian Peso (COP).
The cryptocurrencies available in Neteller for purchase and sale are:
- Bitcoin (BTC)
- Ethereum (ETH)
- Bitcoin Cash (BCH)
- Ethereum Classic (ETC)
- Litecoin (LTC)
- Stellar Lumens (XLM)
- Ripple (XRP)
- 0x (ZRX)
Neteller commissions for buying and selling cryptocurrencies
These are the cryptocurrency purchase and sale commissions charged by Neteller:
- Neteller does not charge a maintenance fee on accounts for personal use as long as you log in or make a transaction at least once every 12 months. If you don’t, a service fee of EUR 5.00 (or the equivalent) will be deducted from the funds in your account.
- For a complete list of fees charged by Neteller, you can visit this page .
- Advantages: ease of opening an account, speed of buying and selling; Easy to use; various cryptocurrencies available; and low commissions.
- Disadvantages: you cannot withdraw the coins purchased on the platform to your wallet; If you fill your balance with bitcoin then you cannot withdraw it if you do not convert it to money first by selling it to Neteller itself.
In my opinion, it is not a good option to buy and sell bitcoins and cryptocurrencies directly on Neteller.
Although it may seem like a simple and comfortable option, if you buy at Neteller, you do not own your bitcoins, since you cannot withdraw them from the platform to your wallet or use them to buy and sell with them. This in my opinion goes against the idea for which bitcoin was created.
Is Neteller safe?
In my opinion, Neteller is safe. The company has been operating for many years without any problem and is increasingly accepted in more countries and online businesses.
Neteller in Argentina, Chile, Mexico, Peru, and Venezuela is it available?
Yes, Neteller is available in all Latin American countries except Cuba ( here the list of countries NOT accepted in Neteller ).
Neteller or Skrill?
Both electronic wallets, both Neteller and Skrill belong to the same company, Moneybookers, and their operation is very similar, so you can choose the one you want the most. I use Skrill, just because I knew it before Neteller.
Can you switch from PayPal to Neteller?
The official statement from PayPal and Neteller is that direct transfer is not possible. You can withdraw money from your PayPal account to your bank account and then deposit it in Neteller. There is no way to transfer funds from PayPal to Neteller or other similar online payment systems. PayPal does not allow it.
And can you go from Neteller to PayPal?
Unfortunately, neither Neteller nor PayPal allows direct transfers through their system from one to the other, as they are both different payment systems and not always available in the same countries.
I hope that this information has been useful and resolved doubts. If so and you think that other people can use this information, do not hesitate to share this article.