How to Buy Crypto & Bitcoin with Payoneer

CEX.IO offers multiple gateways for those looking to instantly buy and sell cryptocurrency, including the most popular, Bitcoin (BTC). Besides the most popular pathways, like credit and debit cards, Google Pay, Apple Pay, Skrill, Neteller , *PayPal, and bank transfers, our platform also allows eligible enthusiasts to acquire crypto with alternative payment methods like Payoneer. 

In this guide, we explore the fastest and most intuitive ways to obtain digital assets with Payoneer on CEX.IO. Read below for more. 

*Please check the availability of payment gateways in your region. PayPal is currently only available to U.S.-based customers.

Step-by-Step Guide: How to Buy Crypto & Bitcoin with Payoneer

While CEX.IO doesn't integrate directly with Payoneer as a payment method, eligible participants can still effectively use this method to fund their crypto purchases on our platform through Instant Buy and our Wallet functionality. Here's how: 

How to Buy Crypto through Instant Buy using Payoneer

Because CEX.IO supports credit and debit cards, eligible users can utilize their Payoneer card as a payment method to fund their accounts. This allows them to convert the funds on their Payoneer card into cryptocurrency. Here are the steps: 

1. Log in to your CEX.IO account using established credentials. 
2. Navigate to Instant Buy from the dashboard or under the Products menu. 
3. Select Bitcoin or other cryptocurrency you want to buy from the dropdown list of vetted assets. 
4. Choose the fiat currency (USD, EUR, or GBP) you wish to use to acquire crypto. 
5. Specify the amount of fiat you intend to spend on your crypto purchase. Alternatively, choose from predefined allotments. 
6. Choose credit/debit cards as your preferred payment method. 
7. Enter your Payoneer card details and complete the purchase following the on-screen instructions. 

How to Fund Your CEX.IO Wallet with Payoneer

Since Payoneer also functions as a bank account, participants can initiate bank transfers from their Payoneer account to their CEX.IO account. Once the funds are credited to their CEX.IO balance, customers become eligible to purchase cryptocurrency. Below, we outline the steps for funding the CEX.IO wallet: 

1. Log in to your CEX.IO account. 
2. Find Wallet functionality under the Products menu. 
3. From the Wallet dashboard, choose Add Funds, located in the top-right corner. 
4. Choose the fiat currency you wish to use for the purchase and define the amount. 
5. Pick bank transfer as the preferred funding variant. 
6. Choose SEPA for European or SWIFT for international transfers, depending on your country. 
7. Copy the provided bank details and carefully input them into your Payoneer account. 
8. Follow the on-screen instructions to complete the purchase. 

Disclaimer: Please note that the availability of bank transfers may vary depending on your region and local regulations. CEX.IO cannot guarantee the availability of this payment method for all users. It is recommended to check the available payment gateways within your CEX.IO account for the most accurate and up-to-date information.

Requirements

To purchase cryptocurrency on CEX.IO using Payoneer, users must have an active Payoneer account with sufficient funds. This balance will cover the cost of the cryptocurrency purchase.

Payoneer for Bank Transfers to CEX.IO

Users wishing to transfer funds to CEX.IO via Payoneer must complete the identity verification process for their account. This verification step is mandatory before initiating any bank transfers.

Requesting a Payoneer Card

Obtaining a Payoneer card may require additional verification beyond the standard identity verification process. Users interested in acquiring a Payoneer card should be prepared to provide further documentation as requested.

Registering with CEX.IO

To become eligible to use Payoneer as a valid payment method, customers first need to register an account with CEX.IO and verify their identities according to the KYC/AML requirements. This not only allows eligible users to utilize Payoneer for crypto purchases but also unlocks a full suite of services and features offered by our platform. 

Depending on their location, eligible clients can participate in our Staking and Savings programs to potentially receive crypto rewards. Additionally, verifying an account allows access to our Spot Trading platform, which offers users the ability to seamlessly exchange one currency (fiat or digital) for another using our intuitive charting tools.

Disclaimer: Payoneer's specific requirements for account verification and card issuance can change, so it's best to check their website for the latest information.

FAQs

Is it safe to buy crypto with Payoneer?

Buying cryptocurrency with Payoneer can be safe when conducted responsibly. As with any online transaction, it's essential to prioritize security. By choosing reputable and licensed platforms, like CEX.IO, safeguarding a Payoneer account, and being vigilant against scams, users can mitigate risks and enjoy a secure cryptocurrency purchasing experience.

Can I buy Bitcoin with Payoneer?

CEX.IO facilitates crypto purchases through a variety of trusted payment methods, including Payoneer. Besides the Payoneer account and/or card, eligible participants are also required to have a verified account on CEX.IO to become eligible for purchasing Bitcoin and other 200+ vetted assets. 

What is the CEX.IO Bitcoin Debit Card?

Beyond potentially receiving rewards and seamless crypto trading, CEX.IO offers even more for eligible customers in the European Economic Area (EEA). Users from this jurisdiction can request the CEX.IO Bitcoin Debit Card, allowing them to spend their Bitcoin and other crypto holdings with ease. This innovative card functions just like a regular debit card, letting eligible participants make purchases online and in-store, unlocking the true spending power of their crypto assets.