cheapest and safest way to buy bitcoin

dataispower

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Quote from: david678345 on September 11, 2022, 05:38:07 PM

Hi i have some money in my payoneer account and i wanted to buy some crypto with payoneer as payment method.

It's will be very difficult to use the funds in payoneer account to buy bitcoins, unless the option of buying Bitcoin with the account is listed. The best thing to do since the funds in payoneer account can be easily converted to fiat currency using payoneer through bank. I will advice to convert with bank and use Bank card to buy bitcoin instead of having more issues or delay in buying bitcoins with the funds in your payoneer account.

Quote from: david678345 on September 11, 2022, 05:38:07 PM

And what is the minimum amount to buy...I would prefer to buy just 10$ or 20$ for now.

With the least of $10 you can buy bitcoins but the depends on the exchange or the platform you are buying bitcoin, like some years ago someone can buy bitcoins with $10 but currently i have not buy with such value, but i know that with $20 you can buy Bitcoin.

KingsDen

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Quote from: david678345 on September 11, 2022, 05:38:07 PM

cheapest and safest way to buy bitcoin

It is nice to understand that many people have provided solutions available in their disposal and it is left for you to follow the best solution for you. But since you mentioned safest, I would recommend what examplens recommended. If listed on Best_Change, it is safe to use. Maybe he would bring a feedback.

NOTE to OP, it is nice to search for the safest means of buying bitcoin but I don't think it is nice to search for the cheapest means. I don't even understand what you mean by cheapest means. Bitcoin price is same on every exchange, maybe with infinitesimal difference. What you are asking for should be service fee. But if you are truly in search of the cheapest way to buy bitcoin, some scamers may lure you in and get rid of your money. So be guided and avoid cheap things if possible.

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Quote from: david678345 on September 11, 2022, 05:38:07 PM

Hi i have some money in my payoneer account and i wanted to buy some crypto with payoneer as payment method. is there any platform that accepts payoneer as payment method? what would be the cheapest and safest way to buy crypto with payoneer? is it possible to buy crypto with payoneer in p2p way and do you think it is a safe option?

I dont have enough funds to transfer from payoneer to the bank account. It seems there is a minimum amount

And what is the minimum amount to buy...I would prefer to buy just 10$ or 20$ for now.

The simplest way to buy bitcoin with your Payoneer account would be finding a person who also has a Payoneer account but wants to exchange his bitcoin for fiat. You can transfer your funds directly to his account and receive bitcoin in return. Of course, this approach, in case you don't use escrow services, requires trust and implies high counterparty risk, but this way, you would save on fees and your time. Ask your friends or relatives, it may be some of them don't mind making such a deal with you. Also check this FAQ: https://payoneer.custhelp.com/app/answers/detail/a_id/20818/~/how-to-pay-a-payoneer-user Another way to buy bitcoin relatively anonymously using your Payoneer account would be indirect exchange. Indirect exchange is when you buy some goods with the money you have and then sell those goods for the money you need. For example, you could sell a bitcoin book to a bitcoiner willing to know more about their subject of interest. You will be surprised by how many bitcoiners there are in your local area waiting for someone willing to make trades in bitcoin.

examplens

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Quote from: FatFork on September 13, 2022, 08:18:40 AM

Basically, according to the comments of their administrator on the forum, only the sale of cryptocurrencies and other financial instruments is prohibited, not the purchase. On the other hand, Payoneer prohibits all peer-to-peer payments, so I am not sure under what circumstances it would be possible to purchase cryptocurrencies while complying with their terms.

this may all seem a bit confusing but I guess the risk is to go against their TOS.

I find on the BestChange site one exchanger which offers Payoneer to bitcoin, maybe it is really possible, but I would still contact BestChange and the exchanger first of all

https://www.bestchange.com/payoneer-to-bitcoin.html

FatFork

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Quote from: _BlackStar on September 13, 2022, 05:27:21 AM

Quote from: The Cryptovator on September 12, 2022, 02:02:25 PM

If Payoneer detects the card has been used for crypto then you will be in trouble.

Is that one of their terms of service?

Basically, according to the comments of their administrator on the forum, only the sale of cryptocurrencies and other financial instruments is prohibited, not the purchase. On the other hand, Payoneer prohibits all peer-to-peer payments, so I am not sure under what circumstances it would be possible to purchase cryptocurrencies while complying with their terms.

Quote from: https://community.payoneer.com/en/discussion/comment/213717/#Comment_213717

Your card can be used to buy cryptocurrencies.

Please note that any other activity related to the sale or exchange of cryptocurrencies is prohibited with all of our services.

You can review this in section 20.2 of our Terms & Conditions.

And here's an excerpt from their terms of service:

Quote from: https://pubs.payoneer.com/legal/PayoneerTermsAndConditionsINC_April2021.htm

PROHIBITED TRANSACTIONS
...

Sale and exchange of currency, including digital and crypto-currencies;
Forex, binary options, futures trading, brokerage services or any related services;
Gambling or betting, including lottery tickets, casino gaming chips, off-track betting, memberships on gambling-related internet sites and wagers at races;
Trusts and asset management services;
Peer to peer payments for personal purposes that are not related to business purposes;
Financial institutions, including Investment Firms;
Sales of money-orders or foreign currency;
Monetary Instrument sales;
Other businesses providing services using virtual currency that can be monetized, re-sold or converted to physical or digital goods or services or otherwise exit the virtual world;

...

_BlackStar

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Quote from: BitcoinBarrel on September 12, 2022, 12:04:14 AM

Get cash out and use a Bitcoin ATM

I believe that it is a safe alternative suggestion especially if the country has a bitcoin ATM service. I have several lists of countries that have bitcoin ATM services, each country has a varying number of ATMs. Here are some lists of countries that have bitcoin ATMs, the full list can be seen here: https://coinatmradar.com/countries/

Quote from: The Cryptovator on September 12, 2022, 02:02:25 PM

If Payoneer detects the card has been used for crypto then you will be in trouble.

Is that one of their terms of service?

The Cryptovator

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Caution! One of my known person's Payoneer cards was blocked due to buying crypto with that. I heard it a long time ago. I assume Payoneer still behaves like this. So the safest way is doing p2p trade as suggested above from the forum by using escrow. Don't use your card for any direct exchange. If Payoneer detects the card has been used for crypto then you will be in trouble.

dkbit98

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Quote from: david678345 on September 11, 2022, 05:38:07 PM

And what is the minimum amount to buy...I would prefer to buy just 10$ or 20$ for now.

You can try purchasing Bitcoin directly using Payoneer account and I think you can find some trusted forum members who can make that trade for you.
Go in Currency Exchange section to find members who are offering this service, or try using BestChange to find exchanges that accepts this payment method, but beware that those exchanges can be risky:
https://bitcointalk.org/index.php?board=53.0

Alternative option is to buy Bitcoin with cash locally using some P2P exchanges, maybe Bisq or LocalCryptos.

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Quote from: david678345 on September 11, 2022, 05:38:07 PM

Hi i have some money in my payoneer account and i wanted to buy some crypto with payoneer as payment method. is there any platform that accepts payoneer as payment method? what would be the cheapest and safest way to buy crypto with payoneer? is it possible to buy crypto with payoneer in p2p way and do you think it is a safe option?

I dont have enough funds to transfer from payoneer to the bank account. It seems there is a minimum amount

And what is the minimum amount to buy...I would prefer to buy just 10$ or 20$ for now.

Pay attention to this topic - Forget about exchanger search! Use BestChange! . This exchanger aggregator offers different crypto payment methods, including payoneer. You will need to choose a suitable exchanger from the proposed list: cheap (look at the best exchange rate) and safe (look at the maximum number of reviews). That's just about $10-$20, I have doubts and usually the minimum amount for the exchange is more, but it's better for you to check it out and see for yourself. Suddenly someone exchange a similar amount. Look for detailed information on the link above or on their official website (Hint: the link in my signature goes there).

Jeger.Kiting

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Actually buying using Payoneer is not a problem, but the problem is whether they have permission when one of the users wants to buy bitcoin using Payoneer in the regulations in that country. I think it's better for you to exchange it for fiat money first to make it easier for you, after that you look for a cryptocurrency exchange that is already widely available for you to buy Bitcoin, so maybe you will be safe in buying Bitcoin.

CryptoHeadlineNews

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Quote from: david678345 on September 11, 2022, 05:38:07 PM

And what is the minimum amount to buy...I would prefer to buy just 10$ or 20$ for now.

I guess you should contact Alex2012 on the currency exchange board, because checking from his trust review, he happens to be a trusted Bitcoin seller who accepts Payoneer as one of his/her method of payment. But i will be glad if you can do your own personal review to see if the seller is worth doing your transaction with. So i wish you the best of luck

bitzizzix

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According to the Payoneer payment service, you cannot use Payoneer cards to buy cryptocurrencies directly, because the transaction is against Payoneer's terms of service so it does not support digital currency or crypto transactions.
You can transact crypto using Payoneer, a P2P payment exchange, but you cannot use Payoneer cards to buy cryptocurrencies.

BitcoinBarrel

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Get cash out and use a Bitcoin ATM

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Does it seem it is not allowed to use Payoneer to crypto according to the response from Payoneer? According to a previous comment from the source link below the Payoneer card is generally permitted but I don't understand this response below.

This is what they said:

Quote

However, receiving funds to your Payoneer account relating to crypto is not permitted.

Source: https://community.payoneer.com/en/discussion/comment/209209/#Comment_209209

That's why I think no exchanges accept this Payoneer payment unless you find someone who accepts Payoneer payments privately.

sheenshane

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Quote from: david678345 on September 11, 2022, 05:38:07 PM

is there any platform that accepts payoneer as payment method?

Have you check LocalBitcoins and Paxful?
As I heard they are accepting Payoneer payment.

Quote

is it possible to buy crypto with Payoneer in p2p way and do you think it is a safe option?

P2P platforms also act like an escrow of the fund, if the platform is trusted, yes you're safe.

Quote

And what is the minimum amount to buy...I would prefer to buy just 10$ or 20$ for now.

I don't know the minimum but in that small amount you can make an offer here in the forum in this section Currency exchange , but don't forget to use the escrow for a safe transaction.

crazy_cat_lady

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Payoneer is a payment method that isn't widely accepted on most Bitcoin platforms, and it is almost impossible to use the Payoneer card to buy bitcoin on crypto-fiat exchanges. One of the fastest and easiest ways to get started is to buy bitcoin with a credit card or debit card. Most Bitcoin exchanges and brokers accept these methods. However, if Payoneer is your only option, you can use it on certain peer-to-peer platforms, for example LocalBitcoins or Paxful.

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You can find different exchange pairs on the Currency Exchange section. You can find users making trade with escrow service. As you're new, you need to send the money first and receive bitcoin. For now transaction fee itself cost you much as you're planning to buy $10 or $20. Find the trusted trader and make the trade. This is the simplest way than doing sign-ups to buy bitcoin.

david678345

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Hi i have some money in my payoneer account and i wanted to buy some crypto with payoneer as payment method. is there any platform that accepts payoneer as payment method? what would be the cheapest and safest way to buy crypto with payoneer? is it possible to buy crypto with payoneer in p2p way and do you think it is a safe option?

I dont have enough funds to transfer from payoneer to the bank account. It seems there is a minimum amount

And what is the minimum amount to buy...I would prefer to buy just 10$ or 20$ for now.

Topic: cheapest and safest way to buy bitcoin (Read 244 times)