NETELLER, founded in 1999, is an e-wallet service where you can store and transfer money. In this article, we will go through the options you have when you want to buy Bitcoin using Neteller. While there are some exchanges accepting NETELLER, it is not common, which makes it a bit harder to find the best exchange.
However, we have done extensive research (so that you don’t have to) to make sure that you end up using the best exchange for buying BTC with Neteller.
Let’s get started!
Best Ways to Buying Bitcoin with Neteller
BitPanda is a well-established exchange based in Vienna, Austria. BitPanda is currently only available in Europe, which makes this option nonviable for people living in the U.S. or outside of Europe. But for those living inside of Europe, this is the single best option. With a processing time of a mere 10 seconds as well as an automatically included Bitcoin wallet to store your Bitcoins on BitPanda, this is a quick way to buy Bitcoins with Neteller.
The fee for paying with Neteller is a bit hard to calculate, but it is a bit lower than the fee for paying with Skrill, at 3.8%. Then you have to add 2% over market price for the price. This is done automatically, so the price you see on your screen is the total, with fees included. BitPanda also allows you to buy other cryptocurrencies such as Litecoin, Dash, and Ethereum.
Overall, we really recommend BitPanda since it is a straight-forward way of buying Bitcoin with Neteller. The fees are a bit high but that’s to be expected when trying use Neteller to buy Bitcoin.
CoinCorner is the next best option if you don’t want to buy your Bitcoins from an individual on one of the Bitcoin marketplaces below. CoinCorner has been operating since 2014 with the clear mission to make buying Bitcoin easy – and they for sure have accomplished that.
With a quick and easy way to use your credit card or debit card (or, in your case, Neteller card), they are to be compared with the market leader Coinbase (Coinbase, however, doesn’t offer the same number of payment methods). The interface is easy to use and you will get access to your own mobile wallet (available on Apple, Windows and Android phones) so that you can check your balances and transfer Bitcoins on the go!
The fees for Neteller is 5%, the same with debit/credit card. To withdraw it you pay a fixed price of €1.50 for SEPA transfers, or via SWIFT, at €30. You cannot deposit the money back to NETELLER though (this is the same on all exchanges, so nothing to get scared away by).
Their ease of use and set fees are what makes CoinCorner such a great option. If you are in the U.S. and want to use an exchange to Bitcoin with Neteller – then CoinCorner is the best option for you.
LocalBitcoins is a widely used Bitcoin marketplace which makes it stand out from the two previous options. LocalBitcoins aren’t the ones selling the Bitcoins themselves, rather, they act as a middleman that connects Bitcoin buyers with Bitcoin sellers. They take a small fee for this so that they can ensure each deal is done properly and both parties get what they asked for.
The thing with LocalBitcoins is that Neteller isn’t always available as a payment method, it depends on if there is a seller willing to accept Neteller. This makes it a bit less reliable than CoinCorner or BitPanda, but if you find yourself a seller and build up trust with them, you will have a reliable seller that accepts Neteller.
Last but not least is another Bitcoin marketplace. Alike LocalBitcoins they act as a buying/selling shield for both parties included in the deal. How does Paxful differ from LocalBitcoins? Not by a lot to be honest, but since we are looking for ways to buy Bitcoin using Neteller, we might as well look everywhere possible.
If you did not find any sellers accepting Neteller on LocalBitcoins it does not hurt to check out Paxful as well. Paxful is really easy to use and have great support in case of any dispute or error. We highly recommend Paxful and while they got fewer sellers than LocalBitcoins, it can still be a viable option.
So, now that we have gone through the list of the best ways it is your turn. Now it is up to you to decide which fits your needs the best. If you are from Europe then BitPanda is the right choice, if you are outside of Europe then CoinCorner is the best choice. LocalBitcoins and Paxful can also be viable options no matter where you live – but you must have some luck to find sellers accepting Neteller there.
We hope this tutorial have shred more light on the options available when buying BTC with Neteller and that you feel that you can make a more educated choice of exchange (or marketplace) now.