Buy Bitcoin with Neteller – Compare Bitpanda and Localbitcoins

Best ways to Buy Bitcoin with Neteller

We provide a detailed guide on how to buy Bitcoin with Neteller using Bitpanda, LocalBitcoins or Paxful. 

There are quite a few sources for your crypto trading if Neteller is your main deposit/purchase option. 

The payment system offers very high flexibility for crypto traders as it facilities several ways to instantly load money online. Neteller is currently available in these exchanges as a deposit/withdrawal option:

Bitpanda Bitcoin Exchange Logo
LocalBitcoins Bitcoin Exchange Logo
Paxful Bitcoin Exchange Logo

In general, Bitpanda is a better place to buy Bitcoin, Ethereum or any other cryptocurrency than Paxful or LocalBitcoins.

Why?

Paxful and LocalBitcoins are both peer-to-peer crypto exchanges which gives a lot of flexibility but comes with a high cost.

Read more about Bitpanda in our full Bitpanda review.

 

Neteller Card and Fees

Crypto traders have the option to use Neteller card and fees are not that high depending on chosen payment methods. The card has an annual maintenance fee of $10, lower than most MasterCard costs held by other payment providers.

Traders should also account for 3.99% for exchange fees when transferring one fiat currency into another. On money transfers, a 2.5% fee is attached to all payment options, some of which include:

  • Credit cards
  • Bank transfers
  • AstroPay
  • Giropay
  • Skrill
  • Yandex
  • many others

Buy Bitcoin with Neteller at BitPanda

For European crypto traders, one of the best options they have would be to buy Bitcoin with Neteller at BitPanda. 

The exchange concentrates on EUR payments and thus, Neteller comes as a natural choice. Depositing and withdrawing funds at BitPanda is possible in few fiats, including EUR, GBP, and CHF. Moreover, the platform does not charge additional fees on deposits. It rather takes its share out in trade costs and exchange rates.

Only fully verified users can buy Bitcoin with Neteller at BitPanda at this moment. Although some other methods are available for light verified users, Neteller is reserved for those that provide scanned ID. Additionally, US crypto investors cannot buy Bitcoin at BitPanda nor is USD available as Neteller fiat currency.

Pros

– Instant access to Bitcoin through Neteller

– No additional charges for Neteller deposits

Cons

– Verified users only can use Neteller

– US (and USD) traders are restricted

Buy Bitcoin with Neteller at LocalBitcoins

LocalBitcoins is a firm from Finland that offers a marketplace to buy Bitcoin with Neteller. The peer-to-peer (P2P) platform is an exchange where traders buy and sell BTC from each other. Thus, they are the ones that set game rules –which payment methods and fiats are available.

Neteller is not that popular at this platform but nevertheless, there are offers currently active. As seen from the snapshot, USD fiat currency is the most popular one when it comes to Neteller payments.

 

However, it is important to note that LocalBitcoins is much more flexible than what the current market might suggest. Traders choose whether they wish to verify their account or not. Also, with a little bit of patience, one can locate Neteller ads that use other fists, other than USD.

Read our step-by-step guide on how to use LocalBitcoin to buy Bitcoin. In the guide, we use Apple Pay as a payment method but the guide is applicable for any purchase method.

Pros

– Freedom to buy Bitcoins anonymously

– Exchange allows all fiat currency transfers between users

Cons

– There is a high risk of scams

Read more about LocalBitcoins in our LocalBitcoins review.

Buy Bitcoin with Neteller at Paxful

Paxful is a direct competitor of LocalBitcoins and also a place where traders can buy Bitcoin with Neteller. This exchange is also a P2P marketplace where buyers and sellers transfer BTC between themselves. Much like LocalBitcoins, Paxful offers fee-less transactions for buyers, with much account flexibility included. Thus, it is possible to buy BTC with Neteller anonymously.

At the same time, Paxful is much more active than its crypto counterpart is. As seen from the snapshot below, there are many more buy ads available. Apart from USD, it is possible to use other fiats (GBP, EUR, and others) to get BTC. Read a full Paxful com review for 2020 and sign up.

Pros

– Market is active, with numerous fiats available

– Possibility to purchase BTC with Neteller anonymously

Cons

– Scams are frequent, especially with unverified sellers

Read more about Paxful in our Paxful review.

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