Buy Bitcoin with Paysafecard! Instructions for Bitcoin Paysafe 2021
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In the meantime, the bitcoin price is once again scratching its absolute peak.
The more cryptocurrencies spread, the more ways there are to acquire them. On this page, we will therefore look into the following question: Can you buy Bitcoin with Paysafecard?
Buy Bitcoin with Paysafecard: What should you look out for?
Since Bitcoin cannot be bought directly with a Paysafecard at any CFD broker or crypto exchange, you always have to take a little diversions:
Which broker or exchange is the best place to buy Bitcoin with Paysafecard? After an initial exchange via Paysafecard, we recommend our test winner broker eToro. eToro is fully regulated and licensed and offers the lowest fees when buying Bitcoin.
Do you want to hold Bitcoin for the long term or trade it for the short term? That depends on your strategy. Holding for the long term will usually yield solid returns, while active trading offers higher returns, but also higher risk.
Do I need a wallet for Bitcoin? Not at eToro, as the official eToro wallet is already integrated.
Is it worth investing in Bitcoin? Bitcoin is one of the most interesting investment assets in 2021. We believe that the price will increase dramatically in the coming years.
Is buying Bitcoin with Paysafecard still possible?
Buying Bitcoin with Paysafecard only works in P2P networks. Here, people exchange Bitcoins for currency units in not inconsiderable quantities. But this is not safe!
Another anonymous way to buy Paysafecard to Bitcoin was Virwox. Here, the Paysafecard balance could be exchanged for the fantasy currency Linden-Dollar from Second Life. Subsequently, Linden dollars could be used to buy Bitcoins.
The portal ceased operations, as it announced itself on the portal on 6 January 2020. There are currently no other anonymous alternatives to Paysafe Bitcoin purchases.
How to buy Bitcoin with Paysafecard? Convert Paysafecard to Bitcoin Instructions:
Only 5 steps are needed to buy Bitcoin using your Paysafecard, Neteller and eToro. Unfortunately, eToro does not accept paysafecard directly, so a direct diversions via the secure e-wallet Neteller is necessary. In addition to the written instructions, we have also created a video tutorial:
Step 1: Open an account with Neteller
First, it is necessary to open an account with the e-wallet provider Neteller. All you need to do is open the website, register for free and fill in the registration form with your first and last name, e-mail and a secure password. Your Neteller account will be opened immediately and is available for you to use.
Step 2: Neteller account deposit with Paysafecard
Once the Neteller account has been created, simply click on the "Funds" button in the left navigation bar to select your country of residence, desired cryptocurrency and the local currency. Click on the save button to apply the settings.
After entering the essential personal data that Neteller must collect due to AML regulations, your account will be additionally protected by a code verification to your mobile phone.
After the correct registration, only a few steps separate you from buying Bitcoin with Paysafecard, first money must be transferred to the Neteller account via Paysafecard.
After selecting the deposit method, it is only a matter of the amount (Neteller only allows 216€ at once via Paysafecard). With a click on Continue and the subsequent confirmation with the 16-digit Paysafecard number, the credit is booked to the account.
Step 3: Register with eToro
After the Paysafecard has been emptied and the Neteller account has been replenished, the next step is to exchange the Paysafecard balance for Bitcoin. For this we recommend our test winner eToro, where you can register with just a few clicks and handle all crypto trading free of charge.
Step 4: Deposit Neteller Paysafecard funds at eToro
At eToro, click on the blue "Deposit Money" button in the left navigation bar (below).
Then select "Neteller" as your deposit method and choose the amount you want to deposit to eToro.
Also enter the email address of your Neteller account and click "Submit".
You will now be redirected to Neteller. Log in to Neteller and follow the instructions to complete the payment process.
Your account will be credited to your eToro account immediately.
Step 5: Buy Bitcoin with Paysafecard at eToro
After transferring the money from Paysafe via Neteller to eToro, the only thing missing is the last step, buy Bitcoin!
With a quick search for Bitcoin and another click buy open trade, the desired amount of Bitcoin is bought from eToro and transferred to the eToro account.
Congratulations - you have just bought your first Bitcoin with Paysafecard!
What is Paysafecard?
As a start-up from Silicon Valley, the payment service provider Paysafecard positions itself with points of sale such as Aldi, Rewe and Rossmann. At 600,000 points of sale, you exchange cash for 16-digit PINs on the receipt, which serves as a receipt for the payment.
This sequence of numbers is then entered online as the payment. You can exchange up to 1,000 euros per transaction anonymously using the Paysafecard Bitcoin Exchange method. Withdrawals of Bitcoin assets into a Bitcoin wallet with Paysafe are not possible.
Due to the way Paysafe works, the payment provider is considered an anonymous payment method for computer games, social media, music, film and entertainment. The Paysafecard is also popular in online casinos.
Where can I buy Bitcoin with Paysafe? Best Paysafecard Bitcoin Exchanges:
 | Trade real cryptos and crypto CFDs |
 | Low fees |
 | Broker fully regulated |
 | Crypto purchases are quick and easy with the Bitpanda broker Many different payment methods Portfolio includes all major cryptocurrencies |
 | Good selection of cryptocurrencies |
Coinbase, Virwox & Bitpanda Paysafecard: Why we recommend buying with eToro
Of course, there are now many different providers in the crypto world. We would be happy to take a closer look at the individual platforms for you in order to clarify where and how you can find the Paysafecard.
We will focus on the most popular providers that are associated with this unusual payment method.
Coinbase
Coinbase is a platform from the USA. It has been available for quite a long time and is considered one of the most established crypto tools. So it is only logical that many users want to know whether you can use Paysafecard with Coinbase.
The answer is no. The only options here are credit cards, instant bank transfer or a normal bank transfer.
Virwox
You have to speak of Virwox in the past tense. The provider has in the meantime discontinued its services. For a long time, the platform, which actually wanted to deal with a virtual reality, was considered the only way to use PayPal for one's crypto investment.
But even this was very complicated at the time and required various intermediate steps. Paysafecard was probably also part of the portfolio, but this is now obsolete, as you cannot use the provider's services.
Bitpanda
Bitpanda may be familiar to Austrians in particular. After all, it is basically a fintech from the Alpine country.
The payment methods are relatively variable, but unfortunately Paysafecard is not included here either. You could now follow the instructions above to also use Neteller for the purchase of cryptocurrencies.
We have already described the diversions from Paysafecard to Neteller to Bitcoin. However, you have to bear in mind that the provider actually only has cryptocurrencies in its repertoire. You will look in vain for other assets.
Why is eToro the best alternative?
Although even eToro does not offer a Paysafecard, we can still recommend the broker as the best alternative. On the one hand, you can take the theoretical effort to convert cash into a Paysafecard, then use it for a Neteller deposit to top up your balance on the platform and buy Bitcoin.
Of course, it is much faster to use PayPal or credit cards. A crypto wallet is directly available after registering with eToro. You can also access a wide range of assets, such as stocks, forex and CFDs.
In this sense, cryptocurrencies only represent a small but attractive addition to the overall portfolio.
Peer2Peer networks
You're probably still asking yourself the question now, "where can I buy Bitcoin with Paysafe?". Currently, Paysafe to Bitcoin only works via "peer-to-peer networks" on the internet. However, this is also where petty criminals and fraudsters like to do their mischief.
Guarantees and regulations do not exist for these no-name services. Localbitcoins.com, for example, offers different individual sellers. Depending on the seller, it is decided whether you can buy bitcoin with Paysafe "P2P" or not.
When selecting sellers, please pay attention to the ratings and recommendations of the respective seller. It is important that the reviews are written by buyers. They are your only way to get security on the unregulated Paysafecard to Bitcoin market. Your Paysafecard balance cannot be reversed.
We have done extensive research on a wide variety of online exchanges. The Paysafecard is not offered on any of the renowned platforms. Other crypto portals recommend providers such as Anycoin Direct. But even here, the Paysafe variant for buying Bitcoin is not represented.
Until a while ago, it was apparently still possible to buy Bitcoin via the Virwox platform using Paysafecard. However, this was extremely cumbersome on the one hand, and on the other hand, the platform has also discontinued its services in the meantime. Nevertheless, the simple, secure and direct BTC purchase at eToro via Neteller with Paysafecard is possible without any problems.
Recommended providers for buying Bitcoin without Paysafe
Not quite as anonymous, but safe, offers you the possibility to buy Bitcoin in a protected environment. Are you looking for an alternative to the Bitcoin wallet Paysafe and ideally already have a Paypal account?
Then you can conveniently top up your Paypal balance to your eToro account in real time. However, you can also pay funds into your account in real time at any time via Skrill and Neteller e-wallets from the Paysafe Group. Depositing via credit card is also possible.
Buy Bitcoin directly and anonymously without detours with eToro
During our research, we did not notice any crypto exchange that actually offers the Paysafecard to buy Bitcoin or other cryptocurrencies. This is also due to the increasing regulation of the market.
At the test winner eToro, however, you can buy Bitcoin with Paypal, purchase BTC with a credit card or buy Ethereum with Paypal.The cryptoscene recommendation: Buy Bitcoin at the test winner without Paysafecard
Step 1: Register with a broker
First you have to register with the broker. To do this, they provide the required data and carry out the verification. The days of complete anonymity on the cryptocurrency internet are over.
Pretty much all major exchanges and brokers require verification of personal data. If you do not want to deposit bank details, you can use Paypal with selected providers.
Step 2: Deposit with Paypal, Sofortüberweisung or credit card
If you use our test winner eToro, for example, you will be taken to the deposit screen after registering. Then click on "Paypal". Now enter your deposit amount and click on "Continue".
After you have transferred the funds via Paypal, you can buy Bitcoin in seconds. In our opinion, this is even faster than with the Paysafecard.
However, there are still other payment methods available, such as conventional bank transfers, Sofortüberweisung or credit cards.
Step 3: Buy Bitcoin even without a Paysafecard
Check under the menu item "Account" whether the deposited amount has been credited to you. Now type "Bitcoin" or "BTC" into the search field. If you want to buy the cryptocurrency directly, make sure that no leverage has been selected.
Otherwise, there are also Bitcoin derivatives for experienced traders.
Why can't you buy Bitcoin with Paysafecard?
Prospective buyers consider the purchase of Bitcoins with Paysafecard to be safe and anonymous, but is this true? Why then can't Bitcoin simply be bought via Paysafecard? It's simple: the renowned providers have to comply with more and more regulations.
This includes the collection of user data to prevent money laundering. Ultimately, this serves to protect consumers and is therefore to be advocated.
Buying Bitcoin with Paysafe would mean high to absolute anonymity, which the black market would undoubtedly also exploit. According to the Federal Money Laundering Act for online transactions, for example, there is an obligation to query and archive the ID.
And the Paysafecard is not as anynomous as often claimed. When you open an account online with Paysafe, you must necessarily verify your address with an official document. Your telephone number is also required to activate the account.
Our recommendation: Buy cryptos with eToro
- Incl. wallet
- Buy and sell cryptocurrencies directly in the wallet
- Paypal, credit card and instant bank transfer
- Regulated provider
- Real cryptos or CFD trades
How does Bitcoin Paysafecard work anyway?
Paysafe advertises with nine major partners such as Aldi, Deutsche Post, Edeka, Esso, OMV, Rewe, Rossmann, Shell and West Lotto. The PINs can be purchased at the points of sale.
Buying Bitcoin with Paysafe works in theory by loading money at the sales points mentioned. Deposits range from 10 euros to 100 euros.
In an online transaction, where the 16-digit PINs can be used, purchases can be made for a maximum of 1,000 euros per transaction. In the euro area, the exchange values are 10 euros, 25 euros, 50 euros and 100 euros.
An online account as well as an iOS app and Android app similar to Paypal are also available. However, you do not remain anonymous with the app. You are allowed to give your phone number for the authorisation of the account. You also have to give your email address.
Convert Paysafecard into Bitcoins
As you can see, the Paysafecard only provides users with a sequence of numbers that serve as a code. It is therefore correspondingly difficult to convert your Paysafecard into Bitcoins.
We recommend that investors who want to obtain their tokens exclusively in this way take heed of our instructions above. However, you have to be aware that you are taking on quite a bit of effort.
The question of whether you can convert a Paysafecard into Bitcoins must therefore be answered in the affirmative, but not advised.
After all, the whole procedure also requires a Bitcoin wallet, which has to serve as the address for transactions.
Notes on buying Bitcoin with Paysafecard in P2P networks
This type of Bitcoin trading refers to the unregulated market in interpersonal trading of cryptocurrencies. On peer-to-peer networks, individuals buy and sell cryptocurrencies among themselves.
On peer-to-peer networks, always pay attention to the ratings of the individual sellers; these cannot be faked. Through this mechanism, P2P networks sort out fraudsters.
Your payments on these networks with Paysafecard cannot be reversed. In any case, you must be aware of this before Paysafecard Bitcoin Exchange.
Paysafecard to Bitcoin describes the method how the Bitcoin transactions are paid by the buyer. The anonymous method of buying Btc with Paysafe, as described above, only works via networks such as localbitcoins.com, because Virwox ceased operations on 06 January 2020.
How anonymous is the method of buying Bitcoin with Paysafe?
If you buy PINs via cash receipts at the 600,000 points of sale, the purchase is very anonymous. Paysafecard Bitcoin trading only works one way when you deposit money.
If you want to withdraw your Bitcoin winnings, this is not possible via Paysafe Bitcoin.
Buying Btc with Paysafe is also subject to the restriction of the 1,000 euro limit per transaction with Paysafe. One bitcoin costs far more than 1,000 euros, so you need to deposit the money into your account network beforehand.
This can take a long time and be very time-consuming if you have to keep entering a 16-digit pin for every 100 euros. However, you remain largely anonymous.
Our recommendation: Buy cryptos with eToro
- Incl. wallet
- Buy and sell cryptocurrencies directly in the wallet
- Paypal, credit card and instant bank transfer
- Regulated provider
- Real cryptos or CFD trades
Pay Paysafecard with Bitcoin
In our articles, we always try to cover each topic in full. To do this, we also analyse what users are actually looking for. Obviously, information is also desired that brings one closer to how to pay a Paysafecard with Bitcoin.
For this, several prerequisites must apply. On the one hand, of course, we already need tokens. Secondly, we now have to find a point of sale for the Paysafecard.
This can be on the internet, for example, or classically in a kiosk or a petrol station. Some discounters also offer the purchase of Paysafecards.
However, it is hardly helpful for the cashier if you want to scan your Bitcoin address with a QR code. So we have to make use of a tool. The solution lies in Bitcoin credit cards. Click on our BTC credit card comparison to find a suitable card.
It will then provide a practical aid and interface between the euro and Bitcoin. You can use it to make regular payments and the conversion takes place automatically. So this is how you can pay for a Paysafecard with Bitcoin.
Conclusion
Buy Bitcoin with Paysafecard Conclusion - Our experience and recommendation:
The anonymous purchase of Bitcoin via Paysafecard only works via P2P networks. However, it is not possible to pay with Paysafecard at every provider either. The only alternative was the provider Virwox, where Paysafe Bitcoin purchases were possible.
Here, Paysafecard PINs could be exchanged for Second Life Linden Dollars, which could then be used to buy Bitcoin. Unfortunately, the platform ceased operations on 6 January 2020. In any case, P2P BTC purchases with Paysafecard are not recommended due to the lack of regulations.
Although the anonymity of the cash deposit method with Paysafecard in P2P networks is very high, secure alternatives such as eToro, where you can also make deposits with Paypal and with your credit card, are more suitable. If you fall for a scam in person-to-person networks, your money is lost in any case.
The Paysafe Group offers two e-wallets in combination with the eToro trading platform to make deposits for Bitcoin purchases. Neteller and Skrill support digital payments to invest in cryptocurrencies and are also part of the Paysafe Group like Paysafecard.
Our recommendation: Buy cryptos with eToro
- Incl. wallet
- Buy and sell cryptocurrencies directly in the wallet
- Paypal, credit card and instant bank transfer
- Regulated provider
- Real cryptos or CFD trades
FAQ
Under restrictions, this is possible. Until 6 January 2020, you could buy Bitcoin via the Virwox platform by switching your Paysafecard balance into Linden dollars. After that, the platform closed.
On Person to Person networks, buying Bitcoin with Paysafe works. Here you buy Bitcoin directly from an individual seller in your current area. Not every Person to Person network carries out transactions with Paysafecard. Find out in advance. Pay attention to the seller's grading. It is your only security in these unregulated markets.
We recommend you to transact with Neteller and Skrill, which are also from the Paysafe Group. You can use both e-wallets to buy Bitcoin and other cryptocurrencies through eToro. Paypal deposits and credit card deposits are also possible.
