Buy Bitcoin with Neteller
How do you buy Bitcoin with Neteller? Simple: use one of the top online crypto exchanges. Of course, we don’t just want to tell you how to buy Bitcoin with Neteller. Without knowing why Neteller is a great choice for any aspiring BTC investor, you’ll probably go for a more familiar payment option such as Visa. So, with this in mind, we’re not only going to show you how to buy with Neteller, but why it’s a good idea and, finally, where to look.
5 Quick Steps to Buy Bitcoin with Neteller
To buy Bitcoin with Neteller, you'll have to first register with an exchange. Log in and select Neteller as your payment method, then make a deposit - there'll be a minimum deposit value that is usually around £200. Then, simply place an order for Bitcoin and wait to see if the BTC price movements earn you a profit.
One option is to buy the underlying asset. The other is to buy a virtual contract known technically as a CFD (contract for difference). The former means you own the BTC tokens, while the latter means you’re speculating on price movements. If you buy BTC CFDs using Neteller, you won’t need a crypto wallet.
Buying Bitcoin with Neteller on exchanges
There are many cryptocurrency sites available where you can buy BTC with Neteller; one such example is BitPanda Exchange.
Step 1: Whichever exchange you decide to proceed with, check out our extensive list of reviews here. Here's our BitPanda review, you can create an account using the secure sign-up link contained within.
Step 2: Log into your account and click deposit.
Step 3: Verify your account to enable fiat deposits (cryptocurrency deposits can be done without a verified account).
Step 4: Select Neteller and deposit at least £25.
Step 5: Click "trade" and then "buy" to get BTC using Neteller.
Buy Bitcoin with Neteller directly from a seller
Can you buy Bitcoin with Neteller directly from an individual? Yes. If you read our LocalBitcoins review, you’ll see that person-to-person transactions are possible. However, this isn’t always the best way to do business. Although LocalBitcoins.com does its best to keep you safe, there is an element of risk involved. Therefore, if you’re a novice, it’s better to use a recognised cryptocurrency exchange.
Buying Bitcoin with Neteller: what are the fees?
Many crypto exchanges have fee-free deposits. However, you will have to cover some costs when you request a withdrawal. If you’re looking to buy Bitcoin with Neteller, there'll be a minimum withdrawal fee (converted to your local currency) and a flat fee (also converted to your local currency). This is the same for all payment methods. However, Neteller comes out top in terms of speed. Being an eWallet, Neteller processes payments within a day or so, compared to three days+ for Visa, MasterCard and wire transfers.
Should I buy Bitcoin?
So now you know how to buy with Neteller, the question becomes: should you? As a cryptocurrency, BTC is still the strongest name out there. Although other coins have advanced the industry, none have matched Bitcoin in terms of popularity, token price or public awareness. For these reasons alone, this coin remains a solid investment option for any novice. Of course, the final decision has to be yours. However, there are plenty of good reasons to buy Bitcoin with Neteller.
Featured image: Naray Trace/Shutterstock.com
Is it safe to buy Bitcoin with Neteller?
Yes. Aside from the protection the best cryptocurrency exchanges offer, Neteller is one of the safest eWallets around.
How much does it cost to buy BTC with Neteller?
Fees will vary depending on the exchange you use. Check out our low fee page to see which ones might work best for you.
Can I buy bitcoin with Neteller and make money?
That depends. No investment is ever risk-free. However, BTC is a strong cryptocurrency that’s survived the test of time.
Is it possible to buy Bitcoin with Neteller at every exchange?
No. Read our crypto exchange reviews to see which exchanges accept Neteller deposits.
What are the alternatives to Neteller?
If you don’t want to buy BTC with Neteller, many exchanges allow you to use other eWallets such as PayPal.