Summary: To buy crypto with a paysafecard, you will need to sign up with a reputable crypto exchange or an investment platform like eToro and deposit your chosen fiat currency through the paysafecard app or with a 16-digit code.
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Can you buy crypto with paysafecard?
To buy crypto with paysafecard, connect to a licensed exchange accepting deposits via the paysafecard app or the 16-digit PIN. For anonymous purchases, the prepaid 16-digit method is effective, but there’s a 50 EUR limit per PIN. Registering an account raises the limit to 1,500 EUR.
Note
How to buy crypto with paysafecard?
The best way to buy cryptocurrency with a paysafecard is through a popular broker like eToro, which is a widely trusted multi-asset investing platform with over 70 cryptocurrencies and unique features such as Copy Trading (enables users to imitate top-performing crypto traders), a custom watchlist, as well as advanced charts and technical analysis tools.
Disclaimer: Credit Cards and PayPal are not available for deposits for users under the FCA regulation.
Unfortunately, as paysafecard is a prepaid card, eToro doesn’t accept it. However, you can use third-party payment methods, such as PayPal or Skrill, as a simple workaround to use paysafecard to deposit funds to your eToro account. You’ll just need an active PayPal account with a linked card or available funds.
How to buy crypto with paysafecard: Step-by-Step
You can get started in minutes with five simple steps:
- Step 1: Create an account on eToro and complete your verification (personal or company);
- Step 2: Deposit money from your paysafecard to your PayPal account;
- Step 3: Enter the cash amount you want to deposit on the eToro platform;
- Step 4: Connect your PayPal to deposit your selected fiat currency;
- Step 5: The final step is to find the cryptocurrency you want to purchase and execute your trade.
Disclaimer: Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold is not an affiliate and may be compensated if you access certain products or services offered by the MSB.
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.
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About paysafecard
Paysafecard is a prepaid online payment method based on vouchers with a 16-digit PIN code independent of a bank account, credit card, or other personal information. In addition to the anonymous card, the company also offers the paysafecard account (payments can then be made with a username and password) and the paysafecard Mastercard.
Paysafecard’s crypto policy
Paysafecard is a prepaid card that has no policies prohibiting its users from buying and selling digital assets through licensed exchanges. However, some online brokers won’t accept prepaid cards. In that case, investors can deposit funds into their accounts using third-party payment platforms such as PayPal or Stripe.
How to buy crypto safely
- Research the cryptocurrency: Understand its workings and associated risks;
- Use a safe device: Avoid public computers, use a personal computer with a VPN;
- Choose a reputable exchange: Check for licensing, track record, and user reviews;
- Secure your account: Employ two-factor authentication and a strong password;
- Use a secure wallet: Opt for either a hot (online) or cold (offline) wallet;
- Invest wisely: Only invest what you can afford to lose, especially in the volatile crypto market;
- Monitor your investments: Keep a close eye on market changes and stay informed.
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 paysafecard
Can you buy crypto with paysafecard?
Yes, customers can use paysafecard to deposit funds to licensed third-party crypto brokers and buy cryptocurrencies. However, brokers like eToro require you to link your paysafecard to a platform like PayPal before you can deposit funds.
How to buy crypto with paysafecard?
You can buy crypto with paysafecard through a licensed third-party cryptocurrency platform.
What is paysafecard's crypto policy?
Paysafecard has no policies prohibiting its customers from using its services to buy, sell and trade digital assets through regulated exchanges. However, some crypto brokers may not accept prepaid cards and require you to first link to a third-party payment service.
Where to buy crypto with paysafecard?
You can buy crypto with paysafecard through various online brokers offering digital assets. However, some exchanges may not accept prepaid cards, and you have to use a third-party payment platform, such as PayPal or Skrill.
Can I buy Ethereum with paysafecard?
You can buy Ethereum with paysafecard; however, you must first connect to an online broker that offers crypto trading. Furthermore, some exchanges may not accept prepaid cards like paysafecard, and you must first use a third-party payment platform, such as PayPal or Skrill.
Can I transfer paysafecard to PayPal?
Yes, you can link your prepaid paysafecard to PayPal, you’ll just need an active PayPal account with a linked card or available funds.
