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How to Buy Bitcoin with Western Union

Review of the best brokers and cryptocurrency exchanges that accept WU and how to buy Bitcoin with Western Union step-by-step, in screenshots.
Western Union Bitcoin
Western Union Bitcoin

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Western Union is one of the simplest and safest ways to send money, a leading money transfer service and competitor to Paypal and other popular payment methods. However, unlike Paypal, which has some restrictions and limitations on buying cryptocurrencies, Western Union endorses buying digital assets like Bitcoin. 

For example, PayPal allows its users to buy up to $100,000 worth of Bitcoin and other digital currencies in a week. There are also limitations on purchasing cryptocurrencies with a $50,000 annual purchase limit. Western Union, on the other hand, is more open in this perspective, and some crypto exchanges allow you to buy bitcoin with WU with fewer restrictions. 

Western Union is a trustworthy method of buying Bitcoin as it hasn’t ever prohibited deposits to exchange platforms as some banks have. One such example is UK Bank Barclays that recently blocked its users from depositing money to Binance using their credit and debit cards. 

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Contents [show]

    How to Buy Bitcoin with Western Union

    1. Choose a Bitcoin exchange – we recommend Paxful for WU users
    2. Create and verify an account
    3. Deposit funds into your account
    4. Click the Buy menu top-left and select ‘Bitcoin’ from the drop down options
    5. Browse the list of offers

    Best Brokers for Buying Bitcoin with Western Union in July 2024

    Finding a suitable broker to buy Bitcoin can be a challenge as there are many brokers and exchanges with diverse fees and services. To help you get started, below you will find a list of the best brokers to buy Bitcoin with Western Union. Our research indicates that these are the most recommended brokers for this purpose. 

    OKX – Buy Bitcoin with Ease through Western Union

    OKXOKX is a centralized exchange that operates as a cryptocurrency trading platform and wallet. Its user base is composed of millions of individuals worldwide and is headquartered in Seychelles. The exchange provides a range of trading products and services, including margin, futures, perpetual swaps, options, and simple options.

    It also offers several unique features, including block trading, trading bots, OKX Earn, which includes savings, stablecoins, DeFi, staking, ETH 2.0, crypto loans, and Jumpstart, its launchpad which can serve as an exciting addition compelling new users to join the platform.

    With its global reach, OKX is an established platform for investors looking to buy Bitcoin or other cryptocurrencies. It is well-known for its security and reliability and offers Western Union as a payment method, which is not commonly seen among other cryptocurrency exchanges. Users can use Western Union to purchase cryptocurrencies like Bitcoin through OKX’s P2P marketplace, which adds another level of convenience to the platform.


    • Huge selection of crypto
    • Zero deposit fee for OKX token
    • Low trading fees
    • Accepts Western Union and several other payment methods


    • Unavailable in the US
    • Withdrawal Limitations

    Visit OKX

    Bybit – Leading Crypto Exchange Supporting Western Union

    Bybit, a cryptocurrency derivatives exchange, was established in March 2018 and is headquartered in Singapore. This platform is known for its diverse range of trading products, which include perpetual contracts, futures contracts, and options contracts, all with leverage of up to 100x.

    Bybit has gained a reputation for prioritizing innovation and education, particularly for newcomers to the world of cryptocurrencies who wish to use them for practical purposes while earning a profit. Bybit places great emphasis on user security, as evidenced by the regular third-party auditing of its reserves, which ensures that there are sufficient funds to cover user balances.

    The platform enables users to purchase Bitcoin via Western Union, although the currency pairs that facilitate this method have certain limitations. The exchange offers an attractive signup bonus of 5030 USDT to entice new users to register on the platform. Ranked among the top 5 exchanges according to Coinmarketcap, OKX provides traders with an accessible and trustworthy means of buying and trading Bitcoin.


    • Attractive signup bonus
    • Reputed crypto exchange
    • Frequently Audited
    • Wide suite of crypto products


    • Limited number of trading pairs
    • Unavailable in the US

    Visit Bybit

    Paxful – Overall Best Platform to Buy Bitcoin with Western Union

    Founded in 2015, Paxful is now one of the most famous peer-to-peer marketplaces where sellers and buyers meet to trade Bitcoin. Unlike many other exchange platforms, Paxful doesn’t have geographical limitations; it accepts users worldwide, excluding a dozen of countries. 

    Generally, Paxful doesn’t hold fiat currencies on its platform as the trading process usually is conducted without a broker.  Nonetheless, it accepts 300+ payment methods to buy or sell bitcoin. Among these payment methods are credit cards, e-wallets, like Amazon, Paypal, and so on, and obviously Western Union. 

    As for the fees, buyers don’t pay any trading fees to buy Bitcoin, but the sellers may charge different prices from buyers. However, sellers pay a 1% fee for each trade. There are also deposit and withdrawal fees on the platform, which differ depending on the payment method. 

    But, all things considered, Paxful is certainly the best option for US customers to buy bitcoin with Western Union.


    • Great marketplace to buy bitcoin and other altcoins
    • Huge range of payment methods, including Western Union
    • Safe and secure


    • High fees for sellers
    • Charges deposit and withdrawal fees

    Visit Paxful

    Binance – Best Crypto Exchange that Accepts Western Union

    Binance is one of the largest peer-to-peer marketplaces where you can buy hundreds of cryptocurrencies and use lots of trading tools and features. Recently it added 62 new payment methods for P2P trading, including Western Union. This cryptocurrency exchange platform is available in almost 180 countries; however, it does not accept US residents now. Nevertheless, US residents can use the California-based BinanceUS exchange platform, which is somehow limited compared to the original Binance. 

    On Binance, you have access to 280 cryptocurrencies through this platform, including stablecoins, bitcoins, altcoins, and DeFi tokens. BinanceUS users, however, can trade only 50 cryptocurrencies. You can use Binance through desktop, a web-based app, and a mobile app. Plus, it has a personal hot wallet called Trust Wallet, where you can store your holdings. 

    All in all, Binance stands out with its low fees and wide range of tools for experienced traders, which makes it one of the best options to buy bitcoin with WU.


    • Largest crypto exchange in the world in terms of trading volume
    • Low trading fees
    • Huge range of crypto coins


    • Only 50 cryptocurrencies are available on BinanceUS

    Visit Binance

    Coinmama – A Reputable Cryptocurrency Exchange that Supports Western Union

    Founded in 2013 in Israel, Coinmama is one of the most reputable cryptocurrency exchange platforms worldwide. It boasts of having more than 2.5 million users from over 180 countries, and it stands out with its fast services and simple-to-use interface for beginners. 

    In terms of the selection of assets, the platform supports trading over ten cryptocurrencies and accepts different payment methods, including debit cards issued by Mastercard and Visa, bank transfers, e-wallets like Amazon, and so on. Initially, the platform also accepted Western Union, but for now, it stopped supporting WU. However, this may change in the future. 


    • Easy to use crypto trading platform
    • A wide range of payment methods


    • No mobile app
    • Limited selection of crypto assets

    Visit Coinmama

    How to Buy Bitcoin with Western Union Step-by-Step

    In this part of the article, we will explain how to buy Bitcoin with Western Union. We will go through all this process with Paxful, a peer-to-peer marketplace for Bitcoin trading. On this platform, you can buy Bitcoin directly from the seller without involving any third party, like banks or corporations. 

    Open an Account

    Signing up for an online account on Paxful is a straightforward and quick process. You just need to provide your email and create a password. Next, you need to verify your account with email and a phone number. Also, whenever your Paxful account is approved, you can immediately get access to your free Bitcoin wallet. 

    Paxful Step 1. Create an account

    Verify Your ID

    In order to be able to deposit and withdraw money or use your wallet on Paxful, most countries require that you also verify your identification. Paxful requires verifying your ID if your trade volume or wallet activity in a year is equal to $1000. If it reaches $10,000, you also need to provide proof of address. 

    Paxful Step 2. Verify your account

    Find an Offer

    After you have a verified account, you can start browsing on the marketplace to find the best offer for you. On the left bar of the website, you need to choose Western Union as a payment method, then select the fiat currency you want to use to buy Bitcoin and fill in the amount of Bitcoin you want to buy. 

    Buy Bitcoin

    At last, after finding the most suitable offer for you, you can start trading on Paxful’s platform. If you want to know if the seller is trustable or not, you can look at his/her reviews and then use the live chat to communicate with the seller and complete your purchase. Following the seller’s instructions, you need to make the payment and confirm it. If everything goes ok, finally, you can get your Bitcoins directly transferred to your Paxful wallet. 

    Paxful Step 3. Find an offer and start trading

    What is Western Union?

    Western Union is an American financial services company with a history of almost 170 years. In the beginning, it did not start as a provider of money transfer services, but instead, WU emerged as a telecommunication company in 1851 and provided telegraphic services. Founded in Rochester, New York, by lawyer Samuel Selden and entrepreneur Hiram Sibley, the company was initially called The New York and Mississippi Valley Printing Telegraph Company. Eventually, it was renamed Western Union Telegraph Company after merging with its competitor in 1856.

    Western Union did not provide any money transfer services by 1871, but it had significant success in the telecommunication industry. By 1861 the company built the first transcontinental telegraph line and created a Russian-American Telegraph company aiming to link America to Europe via Alaska and to Moscow through Siberia. This project, however, was left behind as the company started the creation of the first transatlantic cable in 1866. 

    At that period, Western Union was one of the successful projects in the telecommunications industry and formed as a virtual monopoly in the field. It acquired most of its competitors and started to develop new services regarding wire transfer and telephone services. A new competition then emerged in the telephony services led by Bell Telephone Company, and the latter won a legal battle with Western Union which resulted in WU leaving the telephone field. Starting from 1943, the company was only concentrated on telegraphy. 

    Westar Western Union By the end of the 19th century, the company was so successful that when the stock index for NYSE was created, Western Union was included as one of the 11 original companies. Another major success that Western Union had in the field of telecommunications is that it became the first American telecommunication company that owned its own geosynchronous satellites known as Westar

    Along with the rapid change of technology and the decline of telegraphic services, Western Union had to reshape its business model. Starting from 1988, the company was renamed Western Union Corporation and mainly handled money transfer services and related services. But as already mentioned, it began to provide money transfer services as far back as 1871. 

    At first, only New York, Chicago, and Boston residents could send money through Western Union. But throughout the years, the company expanded nationally, aiming to make money transfer services easier. It introduced one of the first credit cards called “Metal Money” in 1914, and in 1981 its customers could use this credit card to pay for loans, business bills, mortgages, etc. Finally, with the creation of the website, WU made it even easier to transfer money through any device at any part of the day.

    Today, Western Union is recognized as one of the world’s leading and most reliable money transfer services. Due to its network of agents at more than 200,000 locations worldwide, Western Union makes it possible to send and receive money in 200 countries and territories of the world. The company competes with such famous money transfer services as PayPal, E-gold, Xoom, and so on. But still, none of those companies enjoys such a huge reputation as Western Union has. 

    In December 2018, the company announced that it’s ready to accept bitcoin and other cryptocurrencies. And, it’s known as one of the biggest platforms in the world that support Bitcoin as a means of exchange. 

    Buy Bitcoin with Western Union – Advantages and Disadvantages

    In this section below, you can find some of the pros and cons of buying Bitcoin with Western Union.


    • Western Union is one of the quickest and simplest ways to buy Bitcoin.
    • It doesn’t have any limitations on the amount of Bitcoin you can buy or purchase. 
    • Western Union is one of the most reputable companies in the world, providing money transfer services. 
    • WU is a safe way to buy Bitcoin as your privacy is guaranteed. 
    • WU allows Bitcoin purchases in the USA through any of their credit cards. 


    • Fees can be higher than average.
    • Not all exchange platforms accept Western Union.

    How to Withdraw Your Bitcoin Earnings to Western Union

    To withdraw your bitcoin earnings to Western Union, you first need to sell your coins on the exchange platform, get your fiat money, and cash it out to your Western Union account. Notably, you can go through this process on Paxful too. 

    For this purpose, you need to visit Paxful’s Sell section and browse all the offers (sellers) that will buy your bitcoins. If you don’t find the appropriate offer for you, you can create your own offer and set the terms you want. Then, like any other market, you should wait for someone who will request to buy your bitcoin. As Paxful is a peer-to-peer marketplace, the buyer won’t send your money to your Paxful account; instead, the buyer directly sends it to your Western Union, and after proving that the funds have been sent, you can send the buyer your bitcoins. 

    In contrast, the process with crypto brokerage platforms is a bit different. When selling Bitcoin on brokerage platforms, you don’t take care of dealing with the buyer, but your broker does this. In this case, you get your cash on your brokerage account, and then you can withdraw it to your e-wallet, credit card, or Western Union.

    How to Buy Bitcoin with Western Union Anonymously

    One of the methods to buy bitcoin anonymously with Western Union is to find someone who will sell it in cash. You can use an online peer-to-peer marketplace to find such sellers and buy bitcoin directly from them. Paxful is one such marketplace where you can open up an account using pseudo email and without verifying your account. In this case, you stay anonymous, but Paxful you should take into account that there are some limitations on the amount of bitcoin you can buy without verifying your ID. 

    Data Processing and Privacy

    Buying bitcoin anonymously may be preferable for many people, but it is important to understand that anonymous trading does not come without risks. Perhaps, one of the most significant risks is associated with scams and hacking operations. Over the last years, lots of users reported scams during anonymous trading, which happens mainly because there is no third party to regulate the process.

    To avoid such risks as much as possible, it is best to choose a trustworthy brokerage platform or crypto exchange. For example, if the brokerage platform is regulated by top-tier authorities, your trades are highly secured. In this case, you need to go through ID verification, sometimes also provide proof of address. 

    On the other hand, when you buy from peer-to-peer marketplaces, one of the secure ways of trading is to use an escrow mechanism – meaning the seller transfers bitcoins to another place where no one has access until the trade is completed. Then, when the transaction is complete and you paid for your coins, you will get the crypto-coins from the escrow.

    Thus, if you want to make your trades safer and keep your account away from scams, it’s best to choose the appropriate broker. Privacy is one of the critical factors that you need to consider while choosing one of the best brokers to buy bitcoin with Western Union. 

    How to Store Bitcoin – Best Bitcoin Wallets

    When you buy Bitcoins, it’s not always safe to keep them in your brokerage or exchange account, especially if you plan to hold them for a long time or you have a large sum of money in your account. For this purpose, lots of hot and cold wallets were created to help you effectively store all your coins in one place. Keeping your coins in these wallets will make them secure and away from being hacked by any third party. 

    These wallets are mostly known as Bitcoin wallets, but in most cases, you can also store other coins on them and get access to different blockchains, tools, and features. Generally, There are two kinds of such wallets – hot and cold or otherwise known as software and hardware. A software wallet is an app or program that you install on your device and transfer your coins into it. However, your coins will still be kept online, which means they are more vulnerable to fraud than in the case of storing them on hardware wallets. 

    A hardware wallet is a physical device in which you store your coins offline. This means your coins are still on the blockchain, and not on your device – you create private keys for your hardware, and, using those keys, you get access to the part of the blockchain where your coins are stored. Without a question, a hardware wallet is the safest way to keep your coins: you’ll only lose them if you forget your keys or lose your physical wallet device. 

    To have your personal Bitcoin wallet, you need to choose whether you want to keep them in a cold or hot wallet based on how you want to use them. If you’re going to store them for a long time and have lots of coins to gather in one place, you better store your coins in a cold wallet. If you use them frequently for trading, you can also use a software wallet. 

    Taxation on Bitcoin Earnings in the US

    Bitcoin (and other cryptocurrencies as well) is a taxable asset in the US. According to the US federal government IRS, bitcoin is classified as a property, and the same taxes that work for the property, are applied to bitcoin too.

    But this does not mean that you must pay taxes when you buy Bitcoin and hold it on your personal account. When you start actively trading bitcoins, buy or sell goods and services in cryptocurrencies, you must report your trades to the IRS to pay for taxes. The taxable value of your asset depends on the capital gain and capital loss you experienced when you bought and sold your bitcoins. The fact of how long you hold your bitcoins before selling them also plays a role in determining tax value. You can find all the information about how bitcoins are taxed on the IRS website. 


    To conclude, there are many payment methods to buy Bitcoin these including PayPal, American Express, and other credit cards. With that being said, Western Union is one of the most reputable money transfer services worldwide, and among the most bitcoin-friendly platforms in the world.

    To buy Bitcoin with Western Union, you need to find a peer-to-peer marketplace or a cryptocurrency brokerage platform that accepts Western Union as a payment method. In our view, Paxful is one of the most famous P2P marketplaces where you can buy Bitcoin in the US with Western Union. For this purpose, you need to create an account and find the most appropriate seller in order to buy bitcoins on this platform.

    Finally, you should take into consideration that Paxful won’t charge any trading fees for this, and you can sell your bitcoins on Paxful and cash out your earnings directly to Western Union. 


    How to buy Bitcoin with Western Union?

    Western Union is one of the most famous ways to buy Bitcoin. For this purpose, you need to find a peer-to-peer marketplace or a brokerage platform from our list that supports bitcoin and accepts Western Union as a payment method.

    How can I buy Bitcoin with Western Union?

    You can easily and quickly buy bitcoin with Western Union if it provides services in your country. Firstly, you need to open an account at WU. Then, you need to find the best broker or marketplace where you can buy bitcoin with WU and sign up for an online account. After opening your account and verifying it, you can deposit money on your brokerage account using Western Union as a payment method. Then you can search for bitcoin, fill in the amount you want to buy, and complete your purchase. If it's a P2P marketplace, you don't need to pay your exchange but instead, you simply need to transfer funds to the seller directly, and they will send bitcoins to your bitcoin wallet.

    What are the advantages of buying Bitcoin with Western Union?

    Firstly, it's one of the leading and most reputable payment service providers worldwide. Besides, buying bitcoin with Western Union is a very simple and quick process. At last, another critical factor is that you can use a credit cards to make a bitcoin purchase.

    How can I buy Bitcoin in the USA with Western Union?

    To buy Bitcoin in the USA with Western Union, you need to find an exchange platform that accepts US residents and supports WU as a payment method. Paxful is one such marketplace where you can quickly register for an account, verify it, and start buying bitcoin directly from sellers.

    Is it safe to buy Bitcoin with Western Union?

    Absolutely, Western Union is certainly a safe payment system. That said, you need to take into consideration that in this process, the safety of your trades depends not only on WU but also on the seller that will send your bitcoin. To make your purchase more secure, you can use the escrow method. In this case, when you start trading, bitcoins are removed from the seller's account and temporarily stored in another place until you finish the trade. When you complete the trade, and the seller confirms it, bitcoins are sent to your wallet or account.

    What are the best brokers to buy Bitcoin from using Western Union?

    In general - fees, privacy, and usability of the platform are among the most important factors you should consider when you select a cryptocurrency exchange platform. In this perspective, our research indicates that Paxful and Binance are among the best brokers you can use to buy bitcoin with Western Union.