Bitcoin
BTC
$
00000.00
-0.00%
Ethereum
ETH
$
00000.00
-0.00%
Solana
SOL
$
00000.00
-0.00%
XRP
XRP
$
00000.00
-0.00%
Dogecoin
DOGE
$
00000.00
-0.00%
ChainLink
LINK
$
00000.00
-0.00%
Binance Coin
BNB
$
00000.00
-0.00%
Cardano
ADA
$
00000.00
-0.00%
Litecoin
LTC
$
00000.00
-0.00%
Ordinals
ORDI
$
00000.00
-0.00%
Polygon
MATIC
$
00000.00
-0.00%
Optimism
OP
$
00000.00
-0.00%
Arbitrum
ARB
$
00000.00
-0.00%
Polkadot
DOT
$
00000.00
-0.00%
Avalanche
AVAX
$
00000.00
-0.00%
Sui
SUI
$
00000.00
-0.00%
Ethereum Classic
ETC
$
00000.00
-0.00%
FileCoin
FIL
$
00000.00
-0.00%
Celestia 
TIA
$
00000.00
-0.00%
Injective
INJ
$
00000.00
-0.00%

Key Takeaway

Payoneer is transforming how we acquire cryptocurrencies, offering a straightforward path for users to effortlessly convert their funds into digital currencies through regulated platforms. This approach ensures a safe and compliant gateway into the emerging asset class.

For individuals considering Payoneer for their crypto investments, exchanges like Bybit are noteworthy for their rigorous compliance with regulatory norms. Bybit facilitates deposits in multiple fiat currencies, presenting a diverse collection of over 1070 digital currencies for trading.

Bybit Exchange
Bybit Exchange

This review and rating adhere to our editorial policy and the the research methodology of StacksOnChain analysts, guaranteeing the accuracy and reliability of our reports.

Rating
9.7

Supported Assets

1,000+ Cryptocurrencies (Spot & Futures)

Trading Fees

Maker and Taker Fees of 0.01% and 0.06%

Can I Invest in Crypto with Payoneer?

Yes, prospective investors can leverage Payoneer to deposit funds into cryptocurrency exchanges. This method presents a reliable and secure avenue to delve into crypto, fostering confidence among beginners and advanced traders.

It's vital to highlight that while Payoneer simplifies the fund transfer process, selecting exchanges that offer robust crypto wallet services for effective asset management is essential.

How to Buy Crypto with Payoneer

Payoneer streamlines purchasing cryptocurrencies by linking users with compliant digital asset exchanges. Bybit is a preferred choice among Payoneer users for its user-friendly interface and broad selection of digital currencies, accompanied by competitive fees. It also accepts deposits in various fiat currencies, including USD, EUR, GBP, and AUD.

  1. Register for an account on Bybit and complete the necessary identity verification.
  2. Navigate to the 'Buy Crypto' section and choose your preferred funding option.
  3. Select your deposit currency and opt for 'Payoneer' as your payment method.
  4. Locate the cryptocurrency you wish to buy, specify the investment amount, and finalize your purchase by clicking 'Buy.'

Does Payoneer Block Crypto Transactions?

Payoneer adopts a supportive stance towards transactions with compliant cryptocurrency exchanges. It facilitates seamless interactions with globally recognized platforms, offering versatility without constraints.

This approach underscores Payoneer's dedication to creating a secure and dependable environment for cryptocurrency transactions in harmony with platforms that comply with stringent regulatory standards, including thorough KYC and AML protocols.

Digital Asset Investing Fees

Transacting on cryptocurrency exchanges involves various fees, which are essential for the platforms' operational viability. Comprehending these fees is crucial for informed investment decisions. Below is a summary of Bybit's fee structure:

  • Deposit Fees: Payoneer deposits on Bybit are free of charge, though other methods may incur fees. Depositing cryptocurrency also incurs zero costs.
  • Withdrawal Fees: Bybit imposes fixed fees for crypto withdrawals to offset network expenses. Most fiat withdrawals are free, but some methods may cost a fee, such as SEPA, which incurs a 1 EUR fee.
  • Trading Fees: Bybit charges trading fees as a percentage of the transaction value, adjusting rates based on trading volume, account tier, and market dynamics, including maker or taker roles in liquidity provision. Initial rates stand at 0.1% for both makers and takers on spot markets.

High-volume traders benefit from reduced fees and negative funding rates on Bybit, promoting active trading and platform engagement.

Closing Thoughts

Employing Payoneer for cryptocurrency investments provides a modern and streamlined pathway to digital asset ownership. Platforms like Bybit offer a reliable and accessible portal for those eager to explore digital assets. While Payoneer eases the funding mechanism, exchanges like Bybit deliver the crucial infrastructure for a diversified investment journey.

Author

Richard Zhang, the founder of StacksOnChain, comes with a rich history in finance and a background as a High-Frequency Trading engineer and computer science scholar. With over a decade in the industry, he fervently advocates decentralized financial systems, imparting his extensive knowledge to a global readership.

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