🔥 Buy Bitcoin with Paysafe 2021 - is it possible?
It almost looks like everything revolves around the crypto currency Bitcoin. This is not a big surprise either - in the end, the Bitcoin was able to cause a real firework by jumping the 20.000 US dollar hurdle: within a few weeks, the crypto currency was able to double its value to over 40.000 US dollars. And some forecast models even let the price of Bitcoin hike towards 50.000 US dollars (in some cases even towards 100.000 US dollars).
It is therefore not surprising that more and more small savers, investors and speculators are looking for information on how to buy Bitcoin on the Internet. It is also about the question of whether you can buy Bitcoin with the Paysafecard. So completely anonymous.
What are paysafecards actually?
The Paysafecard is an electronic means of payment. This is issued in the form of a prepaid card. The credit that can be purchased is between EUR 10 and EUR 100. You can buy Paysafecards in various shops - for example in retail stores or at petrol stations. You can also buy Paysafecards online.
There is a 16-digit code on the receipt. This code can then be used to make payments in online shops. Even Amazon accepts the Paysafecard. If the credit has been used up, the code is no longer valid.
The use of the Paysafecard is usually free of charge. If fees are incurred, this is due to the portal or platform, not the payment method with the Paysafecard itself.
How can you buy Bitcoin with Paysafecard?
The Paysafecard was therefore brought onto the market in order to combine the advantages of immediate payment processing with the credit card and a credit model. Ultimately, the claim could be made at this point that the Paysafecard is a prepaid credit card that is available completely anonymously and can be used to make purchases on the Internet.
But is it also possible to buy Bitcoin with the Paysafecard? Are there any experiences? In other words, can you find information on how to buy Bitcoin with the Paysafecard on the Internet?
The Paysafecard is provided by the company Paysafe Ltd. published. The company is based on the Isle of Man, a UK branch. The company behind Paysafecard is one of the largest providers of so-called end-to-end payments. The Paysafecard can either be purchased at certain retailers, at petrol stations or at certain sales outlets. With the “paysafe” app it is possible to find out where the nearest point of sale is with a smartphone.
Either the Paysafecard is paid for with the EC card or, if you want to remain 100 percent anonymous, with cash. You will then be issued a voucher with a maximum credit of 100 euros. The receipt contains a 16-digit PIN code, which can then be redeemed on the respective website to pay with the Paysafecard.
Of course, you can also top up your Paysafecard online. In this case it is necessary to set up a corresponding account with Paysafe. The disadvantage"? You have to provide your personal information. That means, in this case there is no longer any anonymity.
Is it possible to buy Bitcoin with a Paysafecard in 2021?
Due to the fact that the Bitcoin price is rising faster and faster and it looks like there will be no end at all, even analysts think that a breakthrough towards 100.000 US dollars can no longer be ruled out, of course one would like to jump on the bandwagon as quickly as possible. If you find out how you can invest in Bitcoin, you come across so-called Bitcoin machines on the one hand, but you are also confronted with online brokers who offer speculation such as investing with the crypto currency. The fact is: Online brokers are among the most popular and also the easiest ways to subsequently get Bitcoin.
It is important to find out about the online broker in advance. In other words, is it a reputable provider or are there any indications that it is a questioning broker who should be kept away from? Tip: Look out for experience reports on the Internet - this way you will find an answer within a very short time whether it is a good (reputable) broker or not.
Once you have made the decision with which broker to open an account, the next step is the deposit methods. Almost all online brokers accept credit cards, in some cases PayPal is also offered. Bank transfers are also accepted, but please note that it can take two to four working days before the money is available in the account. In two to four days, however, the Bitcoin price can easily rise by 2.000 US dollars to 5.000 US dollars - that is, the saying is true here: time is money.
If you want to buy Bitcoin but do not have a credit card or do not want to use it for the process, you have to look for alternatives. If the online broker accepts the online payment service provider PayPal, there is a very interesting alternative that is also very popular. If you do not have a PayPal account and are not ready to register with PayPal, it is necessary to look for another alternative. As already said, the bank transfer is accepted by (almost) all online brokers, but it takes two to four working days until the money is available - and by then the Bitcoin price may have moved in a completely different direction.
With the Paysafecard, there is actually another way to pump your money into the crypto market, above all into Bitcoin. The Paysafecard offers a largely anonymous and secure payment option, although there is one point that must not be ignored: With the Paysafecard, one contradicts the ever stricter anti-money laundering regulations, which will probably become stricter in the coming years . That is also the reason why there are only a handful of online brokers who accept Paysafecard.
In addition, one should not forget that you cannot invest in Bitcoin directly via the Paysafecard. An intermediate station is needed here - for example Local Bitcoin.
Buy Bitcoin with Paysafecard via LocalBitcoins
LocalBitcoins was launched in 2012. LocalBitcoins is headquartered in Helsinki, Finland. The platform is currently available in almost 200 countries. LocalBitcoins is a platform that has been on the market for years and is one of the oldest peer-to-peer Bitcoin exchanges. That is also the reason why there are no concerns whatsoever whether it is a reputable provider or not. The fact is: When it comes to trading between two people, LocalBitcoins may be the platform par excellence. Because LocalBitcoins acts as an escrow service that ultimately ensures that all transactions are fair. That is, the buyer and seller are guaranteed to receive the money.
LocalBitcoins also offers a conflict resolution service. If there are actually disputes, LocalBitcoins tries to offer solutions as an objective third party.
If you act via LocalBitcoins, it is still important to be careful. Because there is of course no guarantee that there are only "honest crypto fans" on LocalBitcoins - so that you do not come into contact with a fraudster, it is advisable to look into the reputation system. It is also helpful if some information such as messages are exchanged with the other person so that you can assess for yourself whether the seller is a fair seller or whether you should be more careful.
LocalBitcoins can be recommended - if you look at the platform as a unit through which you can buy Bitcoin. Especially when it comes to using the Paysafecard to then buy Bitcoin.
However, there is one point that should not be left unmentioned: The use of LocalBitcoins services may be prohibited for the German Bitcoin trader - but this "ban" can be circumvented by using a VPN service or proxy. It should be noted that the anonymity that existed just a few years ago has been “undermined” a little. Because LocalBitcoins is also about AML and KYC guidelines that have been implemented.
The following fees must also be taken into account:
The seller must pay a fee of 1,0 percent; there are no fees for the buyer. Furthermore, there is a fee of 0,5 percent, which is billed directly by LocalBitcoins if the optional billing service would like to be used.
In summary, it can be said that LocalBitcoins is a marketplace that aims to bring sellers and buyers together. If you visit the homepage, you will find the option to buy Bitcoin (“Buy Bitcoin”) in the top menu, but you can also sell your coins (“Sell Bitcoins”). Then it comes down to filtering the offers made available by the current sellers. There is a filter by quantity, currency, payment method and country. And with the payment method, you will also find the option to pay with the Paysafecard.
It should be mentioned at this point that the sellers set their own prices. This means that the seller's price does not have to correspond to the price of a specific crypto exchange, but can be higher or lower. It is also important that you also take into account the seller's rating, on the one hand you can find information about the number of sales, i.e. how often has the seller already sold coins, on the other hand there is also positive feedback - this is displayed in percent.
This means that you can very well assess in advance whether you are dealing with a trustworthy seller or not. So price, which of course plays a role, shouldn't be the only indicator.
Buying Bitcoin with Paysafe is not impossible: This is also the case with Paysafecard
If you want to buy Bitcoin with the Paysafecard, it is not impossible, but the effort should not be underestimated. Because due to the anti-money laundering law, which has been tightened again and again for years and may become stricter again in the foreseeable future, it is not that easy to be able to invest in Bitcoin completely anonymously. With LocalBitcoins, however, there is a possibility to buy or sell here via the peer-to-peer variant. And to be able to use the Paysafecard at the same time. However, it should be noted that there is no complete anonymity here - because in order to be able to use the services of LocalBitcoins, registration (and thus the provision of personal data) is required.
Advantages and disadvantages of Paysafe
Before deciding on the Paysafecard, it is advisable to look at the various advantages and disadvantages.
A particularly positive point to be emphasized may be the use on a prepaid basis. That means you can't spend more money than is actually available. Furthermore, the voucher must be topped up with an individual credit, which can be between EUR 10 and EUR 100.
Another plus point: anonymity. If the Paysafecard is paid for with cash in retail outlets, you can pay for your purchases on the Internet completely anonymously, as long as the provider accepts the Paysafecard payment method.
However, every medal also has a downside: You cannot have any payments made to your Paysafecard and you have to accept a 100% loss if you lose the Paysafecard. Furthermore, there is only a limited availability of sales outlets - that is, a Paysafecard cannot be bought everywhere.
Buy Bitcoin in 3 steps without a Paysafe Card
If you are ready to invest your money in the crypto currency Bitcoin or to speculate with the price development, the online broker eToro can be recommended at this point. Even if the Paysafecard is not accepted as a payment method here, eToro has many other advantages.
1. Registration with eToro
You only need a little time to open an account with eToro - and since the online broker makes sure to also address beginners or people who have not yet gained any experience on such sites, registration is easy. In the end, you only have to fill out the registration form, here eToro requires a few personal details and generate a password. Registration is already complete.
If you click on "Set up account", an email will be sent to the email address provided. It is therefore important to make sure that you provide a valid email address. Because the account access is only activated after the link in the e-mail has been clicked.
Now it's about the deposit. It should also be noted here that the deposit is uncomplicated and only takes a few moments. eToro accepts different payment methods. That means you will find the most preferred payment method. Be accepted:
- Bank Transfer
- Credit card
- Instant Bank Transfer
- Rapid transfer
3. Buy Bitcoin
If the money is available in the eToro account, it can then be invested in Bitcoin. Simply enter “Bitcoin” or “BTC” in the search bar above and you will find the crypto currency. Click on "Trade", enter the desired amount and then set the lever to "X1" so that you can buy coins. Now click on "Open trade" and you are already a Bitcoin owner.
Why should you use the Paysafecard for Bitcoin and other cryptocurrencies?
The big advantage that speaks in favor of using the Paysafecard? Complete anonymity. Anyone who pays for the voucher in cash ultimately leaves no trace.
It should be noted that the Paysafecard can be used free of charge (provided that the platform does not charge any fees). Another plus point: The Paysafecard is based on the prepaid model - that is, you can only spend the amount that has been loaded onto the card in advance.
Conclusion: Buying bitcoins with Paysafe is possible, but we do not recommend it
In the end, the effort has to be questioned. This means that investing with the Paysafecard is possible, but not recommended. Much more relaxed: Investing with PayPal or credit card - and ideally via eToro, which is by far one of the best-known and most popular online brokers.
Start on eToro, the test winner crypto broker from Bitcoin-News.oneSIGN UP NOW
Your capital is at risk. Not ready yet? Read our Etoro review.