How to Buy Crypto With Neteller [2024]

Summary: While Neteller offers direct cryptocurrency services, it’s worth noting that buying crypto through the Neteller app can be relatively costly. Therefore, for a more cost-effective option to purchase cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) with Neteller, consider signing up with a reputable crypto exchange such as eToro and depositing funds through the Neteller app.

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Can you buy crypto with Neteller?

Though the Neteller app does allow customers to buy or sell over 40 different cryptocurrencies through a range of deposit methods, it lacks regulation for its cryptocurrency service, and users will be subject to several fees when trading crypto on the platform. It is important to note that Neteller is not a cryptocurrency exchange and partners with cryptocurrency exchanges to offer crypto trading services to its customers.

Thus, a better approach for buying crypto with Neteller is to utilize it as a funding method for depositing funds into a licensed cryptocurrency exchange.

How to buy Bitcoin with Neteller?

The best and most inexpensive way to buy Bitcoin (BTC) or any other cryptocurrency and use Neteller for crypto deposits is through a trusted broker like eToro, which is a widely trusted multi-asset investing platform with over 70 cryptocurrencies and unique features such as “Copy Trading,” which enables users to copy top-performing crypto traders, in addition to a custom watchlist, as well as advanced charts and technical analysis tools. eToro is one of the best crypto sites that accept Neteller as a deposit method.

How to buy crypto with Neteller: Step-by-Step

You can get started with Neteller in minutes with four simple steps:

Step 1: Create an account on eToro and complete your verification (personal or company);
Step 2: Enter the USD/GBP/EUR amount you want to deposit on the eToro platform;
Step 3: Connect Neteller to deposit your selected fiat currency;
Step 4: The final step is to find the cryptocurrency you want to purchase and execute your trade.

Disclaimer: Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

About Neteller

Neteller is an online payment system that allows users to send and receive money electronically. The e-money transfer service was founded in 1999 and is now owned and operated by the British global payments company Paysafe Payment Solutions Limited, alongside Skrill and Paysafecard, and is regulated by the Central Bank of Ireland.

Neteller’s homepage. Source: neteller.com

Neteller offers various services, including online money transfers, digital wallet functionality, prepaid cards, as well as a cryptocurrency investing platform.

Customers can expect various fees for these offerings, including money transfers, foreign exchange, and service fees. For more information on Neteller fees, visit their website.

Note

Unlike the e-money and payment services, cryptocurrency services offered by Neteller are not regulated by the Financial Conduct Authority (FCA).

Neteller crypto policy

Neteller provides cryptocurrency services, but users should note the potentially high fees. For more cost-effective and secure crypto purchases using Neteller funds, consider linking your Neteller wallet to a third-party exchange like eToro, as it offers lower fees and a superior crypto trading platform.

Note

Neteller’s cryptocurrency services are not subject to regulation by the FCA.

Using Neteller for crypto deposits

If you prefer not to purchase crypto directly from Neteller, you can still use your Neteller account to make crypto deposits on other trading platforms. However, not all exchanges accept Neteller deposits, so it’s advisable to check with your preferred exchange for compatibility. You should, therefore, find comprehensive details on Neteller’s crypto policies, fees, supported currencies, and FAQs on their website.

How to buy crypto safely

Research your chosen cryptocurrency to understand its workings and associated risks;
Use a secure device with a VPN to protect sensitive information;
Select a licensed and reputable exchange with a solid track record;
Implement two-factor authentication and a strong password for account security;
Safeguard your cryptocurrency in a secure wallet, choosing between hot and cold options;
Only invest money you can afford to lose, given the volatile nature of the crypto market;
Monitor your investments regularly to stay informed about price fluctuations in your chosen cryptocurrency.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy crypto with Neteller

What is Neteller?

Neteller is an e-wallet service that allows users to send and receive money online. Neteller allows users to make online transactions securely and quickly. It also supports a wide range of currencies and payment options, including credit cards, debit cards, bank transfers, and cryptocurrencies.