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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

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 Places to Buy Bitcoin in June 2022

    While eToro and Coinbase don’t currently accept WU, we can expect them to offer this common payment method in the near future. Binance does support WU through the use of the Binance P2P marketplace.

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    68% of retail CFD accounts lose money.
    74% of retail investor accounts lose money when trading CFDs with this provider.
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