Key Takeaway: Payoneer users looking to purchase cryptocurrency can transfer funds to reputable digital asset exchanges that comply with international financial regulations.
eToro is globally licensed and accessible in over 100 countries. It supports Payoneer deposits in 30+ fiat currencies and supports a diverse selection of cryptocurrencies, stocks, and ETFs.
How to Buy Bitcoin with Payoneer
Payoneer is one of the most popular payment methods in the world and is accepted on most global cryptocurrency exchanges.
One of the best exchanges that supports deposits from Payoneer is eToro. This platform is licensed across Europe, Asia, the UK, and the Americas and supports crypto, stocks, and ETFs.
Follow these straightforward steps to purchase Bitcoin using Payoneer on eToro:
- Create Account: Visit eToro’s official site, sign up, and complete the necessary identity verification process (Know Your Customer - KYC).
- Deposit Funds: After verification, click the “Deposit Funds” option, choose the currency compatible with your Payoneer account, and initiate the transfer.
- Find Bitcoin (BTC): Enter “Bitcoin” or “BTC” in the search bar, then select “Trade” to start your transaction.
- Complete Purchase: Enter the desired amount, verify the transaction details carefully, then finalise your purchase by clicking “Trade.”
Payoneer’s Policy on Cryptocurrency Transactions
Payoneer does not directly support cryptocurrency trading or provide custody for digital assets. It primarily facilitates global digital payments, allowing users to manage international transactions and currency exchanges.
However, Payoneer customers can indirectly purchase cryptocurrencies such as Bitcoin and Ethereum by transferring their account balances to trusted crypto platforms that accept Payoneer-funded deposits.
It's important to note that transfers from Payoneer to unauthorised or unregulated cryptocurrency platforms might be flagged or declined, as the service actively enforces strict financial compliance measures, including thorough anti-money laundering protocols.
Crypto Trading Fees
If you're planning to buy crypto using Payoneer, it's crucial to understand the fees associated with your chosen exchange. Here’s a clear overview of eToro's fees when funding your account through Payoneer:
- Trading Fees: eToro charges a straightforward 1% fee on every crypto trade (buying or selling). This fee is included in the price displayed at checkout.
- Market Spreads: Although eToro doesn’t charge explicit fees beyond the stated transaction rate, keep in mind that standard market bid-ask spreads apply. These spreads naturally fluctuate based on the asset’s liquidity and market conditions.
- Withdrawal Fees: Payoneer customers can withdraw their funds from eToro directly to their accounts without incurring additional withdrawal fees.
Understanding these transparent charges ensures Payoneer users can confidently navigate their cryptocurrency investments via eToro.
What is Payoneer?
Payoneer Global Inc. is a publicly traded fintech firm founded in 2005 and headquartered in New York City. It specialises in cross-border payments, empowering small and medium-sized businesses, freelancers, and online sellers with tools like multi-currency virtual accounts, prepaid MasterCard debit cards, and international wire transfers.
Operating in over 190 countries and supporting 150 + currencies, Payoneer partners with major platforms including Amazon, Airbnb, Upwork, and Fiverr. As of 2025, it reported nearly $1 billion in trailing‑12‑month revenue and a market cap of around $2.5 billion.
Conclusion
Using Payoneer to buy Bitcoin and other cryptocurrencies offers a straightforward path through trusted global platforms like eToro.
Always verify exchange fees, regulatory compliance, and transaction limits before initiating transfers to ensure secure investments. By staying informed and choosing regulated platforms, Payoneer users can safely enter the crypto market.
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