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Buy Bitcoin with Neteller

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Buying Bitcoin with Neteller explained

Starting out

Welcome to Paybis, the all-in-one solution for all your cryptocurrency (and digital currency) needs. Here is a quick walkthrough, with specific steps, on how to buy Bitcoin with Neteller:

  • 1st Step: Setup a BTC wallet—we recommend Electrum.
  • 2nd Step: Start a Neteller to Bitcoin transaction on Paybis
  • 3rd Step: Provide your BTC address.
  • 4th Step: Pay using your Neteller account.

We will deliver your Bitcoin within 15 minutes. To prepare for your upcoming transaction, swipe to the next step.

Understanding Bitcoin

Bitcoin is a digital currency that aims to solve the drawbacks of government-issued money. It achieves this through the following:

  • Decentralization, meaning that it is not controlled by a central authority.
  • Transparency, as all users can see the details of each transaction.
  • Ease of Use, because it can be sent to anyone, with low fees.
  • Limited Supply, since there are only 21 million coins.

These characteristics make Bitcoin a valuable investment opportunity.

What is Neteller?

Neteller is one of the most popular payment systems. The e-money service is often used to transfer money to and from merchants and consumers. The company is owned and operated by Paysafe Group, which is also the parent company of Skrill, among others. 

Due to its popularity, many people are using Neteller to invest in cryptocurrencies. If you are looking to buy Bitcoin with Neteller, keep on reading. In this guide, we will prepare you for your upcoming transaction.

Choose a Bitcoin wallet

For starters, you will need a place to store your newly bought bitcoins. There are four different types of Bitcoin wallets. When creating yours, you will need to choose between one of the following:

  • Desktop wallets - Safe option with single access point. We recommend Electrum.
  • Hardware wallets - Most secure wallets. Ledger is the most popular option
  • Online wallets - Great for beginners.
  • Paper wallets - Offline storage without any cost

In the next step, we will help you create your own wallet.

How to Create a Wallet

We recommend creating a desktop wallet, as it's both a reliable and secure option. Here are the steps you need to follow:

  • 1st Step: Download and install Electrum wallet.
  • 2nd Step: Create a new wallet by following the on-screen instructions.
  • 3rd Step: Copy your wallet address from the "Receive" section.

Once you create your wallet, you are ready to exchange Neteller to Bitcoin. After you receive your funds, you have several options.

What to Do After You Buy Bitcoin With Neteller

After you buy Bitcoin with Neteller, there are several things you can do with your funds:

  • Hold onto your Bitcoin for the long term, to sell for profit.
  • Buy goods from merchants that accept BTC.
  • Exchange Bitcoin for Altcoins.
  • Send Bitcoin to your loved ones or causes you want to support.

You are now ready to buy Bitcoin with Neteller. To see the process in more detail, check the "step-by-step" section below.