As cryptocurrency adoption becomes more common, an increasing number of payment platforms, crypto apps and crypto exchanges are enabling users to buy crypto. This is especially true with Bitcoin. But these platforms usually require the user to link a bank account and provide their personal information to comply with KYC protocols.
Paysafecard is a platform that allows users to make purchases online, including cryptocurrencies such as Bitcoin, without a bank account or divulging any personal information. It is possible to buy Bitcoin with a Paysafe card through a broker or exchange. Keep reading this guide to learn more about how to buy Bitcoin with this payment method.
Most brokers either ask you to link an account that they draft, or you can purchase coins or tokens with a credit or debit card. As a result, these brokers collect information on who is purchasing crypto from them and have records of the bank accounts used to buy crypto assets. They often also ask you to confirm your identity by providing an ID that matches the account information as a part of KYC protocols.
Speed and ease-of-use: Read the reviews of various brokers to understand their user experience. Some brokers are notoriously slow to load your holdings and update your account values, which is frustrating for users who often check their accounts. Others have terrible reputations for being unavailable when traders go to withdraw en masse. Having a reliable platform that allows you to pull money out of crypto when you want to can take a lot of stress out of the trading experience.
If you want the convenience and anonymity of cash and the ability to spend online, a paysafecard could be just what you need. In particular, paysafecards are a great way for people without a bank account to purchase Bitcoin.
The majority of Bitcoin exchanges provide the ability to attach a bank account or a card and start buying BTC, usually within minutes of setting up your account and logging in the first time. They also largely support bank transfer, Paypal, and other payment platforms you may be more familiar with.
Additionally, payment platforms and banks themselves are increasingly providing their customers with the capability to buy BTC and major altcoins without leaving their app or setting up an account with an exchange. For example, you can now purchase Bitcoin in Venmo, Cashapp, and Revolut.
The best place to buy BTC depends on several factors. If you are simply looking to buy some Bitcoin to hold for investment purposes, any exchange or payment provider with low fees will do. If you are a serious investor who wants to carefully manage and watch his account, consider researching which exchange is the best for your purposes and offers the best user experience for your needs.
If you want to maintain anonymity and own BTC without a record attached to your identity, purchasing Bitcoin via a P2P network like Paxful with Paysafecard is one of the most foolproof and discrete methods.
Paysafecards are an eCash payment solution that allow you to make payments without having to disclose your personal or banking information. The card provides a 16-digit code that you use to pay, similar to a prepaid voucher.
Major exchanges do not accept paysafecard as a direct deposit method, but you can either use it on other p2p marketplaces like LocalBitcoins and Paxful or with electronic wallets like Neteller as a middleman to move your funds between paysafecard and major exchanges.
Yes, you can buy crypto with a paysafecard by using a broker or a marketplace that accepts it as a deposit method or a payment method for p2p transactions. To deposit, use the 16-digit prepaid code to deposit the funds on your PIN. It is good practice to keep a little above the amount you want to buy on your card.
CFDs and other derivatives are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how an investment works and whether you can afford to take the high risk of losing your money.
Currencies traded are Linden Dollars (the virtual currency used in Second Life),Avination's C$, and the Open Metaverse Currency (OMC). In April 2011, VirWoX started accepting Bitcoin and enabled to trade bitcoins for Linden Dollars (both ways), which are in turn convertible to EUR, USD, GBP, CHF, and the other virtual currencies traded on VirWoX.
After your have opened an account, go to the "Deposit" page, scroll down to the "Bitcoin" section and click on the "Create my Bitcoin address" button.This will create a unique bitcoin address associated with your account. You then send the bitcoins you wish to sell to this address.As soon as the bitcoin network has confirmed the payment (5 blocks), the bitcoins are booked to your account, and an email is sent to you.
To exchange bitcoins to Linden Dollars, go to the page "Exchange BTC/SLL", and enter an order to sell your bitcoins.Depending on your order (Market or Limit), this will be executed instantly or at some later time.You may then withdraw the Linden Dollars to your Second Life avatar or continue as described below.
Technically, VirWoX only supports to sell BTC for Linden Dollars. However, you can first do that (as described above)and then buy some real-world cash for your Linden Dollars. It is not necessary to open a Second Life account to do this.Just go to the corresponding exchange page(e.g. USD/SLL for USD, EUR/SLL for EUR), and buy the real-world currency for the Linden Dollars. Then proceed to the "withdraw" pageand send the money using one of the supported withdrawal methods:
For security reasons some bitcoin withdrawals (in particular of new accounts) are subject to a delay and manual review. Specifically, the first withdrawal of bitcoins paid for using PayPal, or credit card is delayed by up to 48 hours.
Today Binance issued an announcement on its payments partnership with Paysafe, which you can read in full here. We shared the news via Paysafe's social media channels: LinkedIn (see post above), Twitter, and Facebook.
Paysafecard is just one of the hundreds of payment methods available on Paxful. There are payment methods such as PayPal, bank transfers, and several other gift card variations. As you can see, buying BTC with Paysafecard is straightforward, and it remains pretty much the same as other payment methods (with minor differences).
There are only a few online services that provide a service to buy bitcoins with Paysafecard. Or in other words: exchanges that sell you crypto for your Paysafecard. This is a great way to get your coins anonymously, since you can buy Paysafecard easily at more than 600.000 outlets worldwide. It is ideally suited to purchasing small bitcoin quantity since it is effortless and you can maintain your anonymity. However, anonymity comes with the price, expect to lose about 20% of your money for this exchange.
LocalBitcoins is a marketplace for trading bitcoins locally to cash and this often includes Paysafe. To buy bitcoin with Paysafecard, you need to register first on LocalBitcoins, browse sellers pages, choose a trader with a good reputation, discuss and negotiate terms, and purchase crypto. This process will take some time as sellers have to verify the code.
Similar to LocalBitcoins service is a service offered by Paxful. It is a marketplace connecting buyers with sellers, and you can choose from more than 300 payment methods to pay for bitcoins. You should check both, LocalBitcoins and Paxful, to find the best offer for your Paysafecard to BTC conversion (the best we could find was above 20% of the current bitcoin rate). Some sellers claim that they release cryptocurrency instantly after Paysafecard code submission.
You can also exchange Paysafecard to bitcoin on forums. One of more popular bitcoin related forums is Bitcointalk. Usually there is a 10% commission on Paysafecard to bitcoin conversion and we suggest you use an escrow service within the forum to avoid being tricked.
Using Paysafecard, you can anonymously fund your VirWox account, no verification, credit card, or bank account is needed. Create an account, enter the desired amount and the 16-digit PIN code found on your prepaid Paysafecard. Using the VirWox, you have to buy another digital currency first (that is SSL or Linden dollars). SSL you can later instantly convert to bitcoins. 781b155fdc