Buy Bitcoin with Wise(TransferWise) 2023

buy bitcoin with wise formerly transferwise - wise logo and bitcoin logo

Buy Bitcoin with Wise(TransferWise) 2023 – No KYC

  • Three crypto P2P exchanges offer the possibility to buy Bitcoin with Wise with no KYC requirements.
  • Bybit, Bitget and Binance P2P markets also allow to buy Bitcoin with Wise but KYC is necessary.
  • LocalCoinSwap has the most available orders and the lowest premium on Bitcoin if you want to trade without ID.
  • Binance has the most trading volume and no trading fees. 

Bitcoin P2P Exchanges

Localcoin P2P Bitcoin Exchange logo
Bitvalve logo
Hodl Hodl P2P Bitcoin Exchange logo

Exchanges with P2P markets

Bybit logo
Bitget logo

What is Wise – TransferWise?

Wise, formerly known as TransferWise, is a well-established fintech company primarily known for its innovative international money transfer and currency exchange services.

Wise’s core offering revolved around making cross-border money transfers more cost-effective and transparent by using real exchange rates and low, transparent fees.

Users could send money internationally with competitive rates compared to traditional banks. It was particularly popular among expats, freelancers, and businesses for its efficiency and cost savings.

Localcoin P2P Bitcoin Exchange logo

Buy Bitcoin with Wise 2023 – No KYC

LocalCoinSwap is a widely used marketplace for non-custodial peer-to-peer cryptocurrency trading.

It lets you purchase Bitcoin and other popular digital currencies from traders worldwide via Wise and other Bitcoin payment methods like PayPal.

KYC is optional on LocalCoinSwap.

  • About 30 Bitcoin sellers accepted Wise as the payment method when we checked.
  • The lowest selling price is only a 1.8% premium compared to the Coingecko price.
  • The sellers were from around the world but mainly Europe.
Bitvalve logo

Buy Bitcoin with Wise on BitValve 2023 – No KYC

BitValve P2P Crypto Exchange lets you purchase and sell cryptocurrencies globally using 300+ payment options from any location.

BitValve assures the security of the transaction by serving as a secure escrow until both parties have completed the trade.

  • About 30-40 Bitcoin sellers accepted Wise as the payment method when we checked.
  • The lowest selling price was about 12% premium compared to the Coingecko price.
  • Most of the orders were $10-1000

How do you buy Bitcoin BTC with Wise on Bitvalve?

See the screenshot below:

Buy Bitcoin BTC with Wise on BitValve

Hodl Hodl P2P Bitcoin Exchange logo

Buy Bitcoin with Wise(TransferWise) 2023 – No KYC

Hodl Hodl is a P2P Bitcoin trading platform available worldwide that enables users to trade directly with one another. The platform does not hold users’ funds. Instead, it secures them in multisig escrow.

Hodl Hodl supports Bitcoin trading with any payment method and currency, ensuring fast and secure trading through multisig smart contracts. Users can control the keys to escrow.

  • 7 Bitcoin sellers accepted Wise as the payment method when we checked.
  • The lowest selling price was about 3% premium compared to the Coingecko price.
  • 5 sellers accepted EUR, and two sellers accepted USD.
Bybit logo

Buy Bitcoin with Wise(TransferWise) 2023 – KYC

Bybit’s P2P platform is a secure and user-friendly platform for peer-to-peer trading. It enables users to buy and sell their holdings at a mutually agreed price. Please be aware that Bybit does not generate buy and sell offers on the P2P page.

About 30-40 Bitcoin sellers accepted Wise as the payment method when we checked.
The lowest selling price was about 12% premium compared to the Coingecko price.
Most of the orders were $10-1000.

  • About 10 Bitcoin sellers accepted Wise as the payment method when we checked.
  • The lowest selling price was about 18% premium compared to the Coingecko price.
  • Most of the orders were 80-30.000 EUR.
  • 7 sellers accepted EUR and 3 USD.

How do you buy Bitcoin on the Bybit P2P market?

Buy Bitcoin BTC with Wise on Bybit P2P market

Buying Bitcoin on Bybit P2P using Wise (formerly TransferWise) involves several steps. Note that the exact process can vary depending on updates to the Bybit interface or policies. Here’s a general guide:

  1. Create Accounts on Bybit and Wise: If you don’t already have accounts on Bybit and Wise, you’ll need to create them. Go through any necessary verification processes for both platforms.

  2. Set Up Wise as a Payment Method on Bybit:

    • Log in to your Bybit account.
    • Navigate to the P2P (peer-to-peer) trading section.
    • Access the payment settings or payment methods area.
    • Add Wise as one of your payment methods, entering all the required details, like your Wise account information.
  3. Find a Seller on Bybit P2P:

    • In the P2P trading section, select ‘Buy’ and choose Bitcoin (BTC) as the cryptocurrency you wish to purchase.
    • Filter or search for offers that list Wise as an accepted payment method.
  4. Initiate the Purchase:

    • Click on a suitable offer to view more details.
    • Enter the amount of Bitcoin you want to buy or the fiat currency you want to use.
    • Review the seller’s terms and conditions.
    • If everything looks good, initiate the purchase by following the on-screen prompts.
  5. Transfer Funds Using Wise:

    • You’ll be provided with the seller’s Wise account details.
    • Log in to your Wise account and transfer the agreed amount to the seller’s Wise account.
    • Ensure that you follow the seller’s instructions precisely to avoid disputes.
  6. Confirm the Payment on Bybit:

    • After making the payment through Wise, return to the Bybit P2P platform.
    • Confirm that you have sent the payment. This action will notify the seller to verify the receipt of the funds.
  7. Receive Your Bitcoin:

    • After verifying the receipt of funds, the seller should release the Bitcoin to you.
    • The Bitcoin will then be credited to your Bybit wallet.
  8. Complete the Transaction:

    • Confirm the completion of the trade on Bybit to finalize the transaction.

Always prioritize safety when engaging in P2P transactions. Check the reputation and trading history of the seller before proceeding. Never confirm the payment on Bybit until you’ve transferred the funds through Wise, as this is crucial for protecting against fraud.

Keep in mind that user interfaces and procedures may change, so it’s wise to consult the latest user guides or help sections on Bybit and Wise for the most current information.

Bitget logo

Buy Bitcoin with Wise(TransferWise) 2023 – KYC

Peer-to-Peer (P2P) trading, which is also referred to as Customer-to-Customer (C2C) trading in some areas, involves users directly buying or selling cryptocurrencies from each other on a P2P platform, exchange, or marketplace. The P2P platform serves as the trade facilitator by providing a platform for buyers and sellers to broadcast their offers. Additionally, it ensures the safe and timely delivery of digital assets during trade execution.

All Bitget users must complete ID verification to do P2P trading.

  • No orders are available via Wise when we checked.

Buy Bitcoin with Wise(TransferWise) 2023 – KYC

Binance P2P is a peer-to-peer platform allowing traders to buy and sell cryptocurrencies with other individuals directly. Merchants can earn money through trading ads posted on the platform.

  • About 10 Bitcoin sellers accepted EUR from Wise and 20 USD from Wise as the payment method when we checked.
  • The lowest selling price was about 2.9% premium compared to the Coingecko price.
  • Most of the orders were 10K-6M EUR.

How do you buy Bitcoin on Binance P2P with Wise?

To buy Bitcoin on Binance P2P using Wise (formerly TransferWise), follow these general steps:

  1. Create Accounts: Ensure you have accounts on both Binance and Wise. If you don’t, you must sign up and go through any necessary verification processes.

  2. Set Up Wise as a Payment Method:

    • Log in to your Binance account.
    • Navigate to the ‘P2P Trading’ section.
    • Go to the payment settings or payment methods area.
    • Add Wise as one of your payment methods. You’ll need to enter details such as your Wise account information.
  3. Find a Seller:

    • In the P2P trading section, select ‘Buy’ and then choose Bitcoin (BTC) as the cryptocurrency you want to purchase.
    • Look for offers that accept Wise as a payment method. You can filter search results only to show sellers who receive Wise.
  4. Initiate the Trade:

    • Once you find a suitable offer, click on it to view the details.
    • Enter the amount of Bitcoin you want to buy or the amount of fiat currency you want to spend.
    • Read the seller’s terms and conditions and click ‘Buy BTC’ or a similar button to initiate the trade.
  5. Transfer Funds via Wise:

    • The seller’s’ Wise details should be provided to you. Log in to your Wise account and transfer the agreed amount to the seller’s Wise account.
    • Ensure to follow the exact instructions the seller provides to avoid any disputes.
  6. Confirm the Payment:

    • After making the payment, return to the Binance P2P platform.
    • Confirm that you have made the payment. This step notifies the seller to verify the receipt of funds on their end.
  7. Receive Bitcoin:

    • Once the seller confirms the receipt of funds, they should release the Bitcoin, which will be credited to your Binance wallet.
  8. Complete the Trade:

    • After receiving the Bitcoin, confirm the completion of the trade on Binance. This finalizes the transaction.

Remember to exercise caution when trading on P2P platforms. Always check the seller’seller’sation and trade history. Also, do not confirm the payment on Binance until you’ve successfully transferred the funds via Wise, as this is a common area for scams.

Additionally, since platform interfaces and policies may change, it’s a great idea to refer to the latest guides or help sections on Binance and Wise for up-to-date instructions.

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