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How to Buy Bitcoin with Neteller in the UK

Full step-by-step guide on how you can buy Bitcoin with Neteller online through regulated cryptocurrency broker websites and exchanges.
Buy Bitcoin online Neteller
Buy Bitcoin online Neteller

In recent years, Bitcoin (BTC) has emerged as the fastest-growing crypto token, reaching $69,000 (over £50,000) in November 2021, a new all-time high. Considering the potential of Bitcoin, Forbes.com once dubbed this token “The Future of Money.”

In the context of Europe, the UK is now the leading country with the highest cryptocurrency transactions worth $170 billion (or £123 billion). A report by blockchain data platform Chainalysis shows that northern, western and central Europe had the largest crypto economy in the world, receiving digital coins worth over $1 trillion during 2020.

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    How to Buy Bitcoin with Neteller in the UK

    You can buy Bitcoin with Neteller following the steps below: 

    1. Select a Bitcoin Exchange – we suggest eToro since it is regulated by FCA, ASIC and CySEC.
    2. Create an account and set up a BTC wallet.
    3. Start a Neteller to Bitcoin transaction by selecting that payment method.
    4. Provide your BTC address.
    5. Pay through your Neteller account.

    Best UK Exchanges to Buy Bitcoin with Neteller in January 2022

    £
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    6 Providers that match your filters

    Payment methods

    Features

    Usability

    Support

    Fees

    1 or better

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    Coin selection

    1 or better

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    1 or better

    Rating

    for £ 1000 you get
    0.0303BTC
    What we like
    • Easiest to deposit
    • Most regulated
    • Copytrade winning investors
    Fees
    Safety
    Coin selection
    Features
    Instant VerificationFor BeginnersWallet ServiceMobile App
    Payment methods
    Credit CardGiropayNetellerPaypalSepa TransferSkrillSofort
    for £1000 you get
    0.0303 BTC

    68% of retail CFD accounts lose money.

    Where to Buy Bitcoin with Neteller – Top 5 List

    eToro

    eToro is one of the best social trading platforms that offer CFD trading, enabling users to enter short or long positions. You can easily put your money in crypto tokens, including Bitcoin considering the opinions of other community members. This is a unique and fun way to approach crypto trading.

    Besides, it is also easier to buy stocks, currencies, and commodities using eToro. You will not find many platforms like eToro that give you all these platforms together. However, you cannot transfer coins purchased on eToro. To withdraw funds, you must convert them back to fiat.

    Pros:

    • It is a platform for social trading
    • Makes community trading possible
    • You can purchase more than just crypto tokens
    • Has a strong team of developers

    Cons:

    • High price spreads
    • Not possible to trade crypto to crypto
    • Can be confusing for beginners doing CFD trading.

    Visit eToro

    Your capital is at risk

    Bitpanda

    Bitpanda is a well-established and leading broker for buying Bitcoin with Neteller. The platform has a simple and intuitive interface, even ideal for first-time investors and EU customers. It is one of the cheaper exchanges with simple buy and sale functions. There are various payment options available. Not possible to trade crypto pairs and there is a lack of advanced trading options.

    Pros:

    • An easy platform to use
    • Various payment options
    • Much lower fees than others
    • Constantly improves through development.

    Cons:

    • Has a tedious identity verification process
    • Provides no option for trading crypto pairs
    • All fees are merged into the crypto price.

    Visit BitPanda

    CoinCorner

    CoinCorner is one of the best options for beginners in Europe. The pricing on this platform is transparent and the buying process is simple. It has a clean site design that looks modern and easy to navigate. It has a decent mobile app too.

    Pros:

    • Well-regulated in the UK
    • Reasonable fees
    • Lower exchange rate than most brokers
    • Several payment options.

    Cons:

    • Verification of identity and address is mandatory
    • As of now supports four crypto coins only.

    Visit CoinCorner

    Paxful

    Paxful is a global exchange that works differently from the traditional way. Users can exchange coins with each other in the same way as an online auction site. Users can search other users’ buying and selling offers and copy their strategy. Paxful also accepts different payment methods.

    Pros:

    • Various payment options
    • Relatively lower fees
    • KYC not needed.

    Cons:

    • As of now only supports Bitcoin
    • Meticulously screen sellers
    • Keeps an eye on scams
    • Does not have the features of traditional trading platforms.

    Visit Paxful

    LocalBitcoins

    LocalBitcoins brings Bitcoin sellers and buyers together. Instead of buying Bitcoin directly from an exchange, you can buy from another source. LocalBitcoins is one of the earliest and most reliable private Bitcoin marketplaces. You can pay others either in Bitcoin online or in cash in person. There is nothing more private than this.

    Pros:

    • You can buy Bitcoin with cash
    • Offers great privacy
    • Excellent support system
    • An established marketplace.

    Cons:

    • Bitcoin prices are high
    • Scams are rampant
    • Intriguing to use in the beginning.

    Visit LocalBitcoins

    How to Buy Bitcoin with Neteller Today – eToro Tutorial

    Buying Bitcoin with Neteller is a simple process. In this step-by-step guide, we will be using a major crypto broker ‘E-Toro’ because it is one of the best-regulated platforms.

    Also, we will talk about the e-wallet platform Skrill. It is easy to buy Bitcoin with Neteller since this platform provides highly secure payment methods and transactions. Skrill has a high reputation and it is available in more than 200 countries.

    Step 1: Sign-Up for an eToro Account

    On the eToro homepage, click ‘Join Now’.  Then, put in your email address, and sign up with a username and create a strong password.

    invest in bitcoin eToro

    Step 2: Verification of your ID and Address

    Once your account is verified, upload an ID proof (a copy of your passport or driver’s license) and address proof (a copy of the electricity bill or a bank statement).

    Etoro bitcoin buy

    Step 3: Choose your Skrill Account and Input Funds

    Now, choose Skrill as your deposit method. In the ‘Fund Your Account’ step, you will be asked to make a minimum deposit.

    There are no fees on eToro for such deposits. You need to deposit nearly 142 GBP (USD 200) as a minimum deposit.

    etoro USD

    Step 4: Search for Bitcoin

    Search for Bitcoin by typing ‘BTC’ into the search bar. Choose the ‘BTC’ option from many other options.

    Step 5: Buy Bitcoin with Skrill

    In this last step, click ‘Trade’ at the top of your computer screen. Put in the amount you want to invest.

    The minimum investment on eToro is only £35 ($50). Double-check all your entries carefully before pressing ‘Open Trade’.

    invest in Bitcoin eToro

    Buy Bitcoin

    Your capital is at risk

    Is Neteller E-wallet among the Best in the UK?

    Neteller is an e-wallet that provides online payments for more than 23 million users all around the world. And it has been doing so for more than a decade now. This e-wallet is authorised by the UK Financial Conduct Authority,

    Neteller provides a secure way of managing user investment while buying and selling cryptocurrencies. An e-wallet like Neteller allows users to make transactions without using their bank account or credit card details and minimizes the external threats of stealing confidential financial details. Neteller has integrated the latest and advanced anti-fraud tools and security features, which ensure that users’ payments always remain safe and confidential.

    Neteller provides the advantage of using various prepaid payment cards, including virtual ones. Users can download iOS and Android apps, and can even receive a variety of rewards and promotional offers when join. Besides, you can easily use Neteller for buying and selling various cryptocurrencies.

    Overall, we can say that Neteller is one of the best e-wallets that you can use to buy Bitcoin and other cryptocurrencies. The platform is fast, reliable, and highly secure.

    Neteller Pros & Cons

    Pros:

    • Easy and instant transfers
    • Users can use virtual payment cards and prepaid MasterCard
    • Payments are free to merchant sites
    • Neteller has wide acceptance by exchanges, bookmakers, Forex platforms, and poker sites.

    Cons:

    • Currency conversion charges are high for non-VIPs (3.99%)
    • The customer support has room for improvement
    • Availability of prepaid payment card only for EEA countries

    Neteller vs. Skrill

    Neteller

    Skrill
    Availability
    • 103 countries, territories, and dependencies
    • 131 countries, territories, and dependencies
    Currencies:
    • 28 currencies
    • 42 currencies
    Deposit options:
    • As many as 58 different deposit options depending on country
    • Upload fee is 2.5%
    • Various deposit options depending on country
    • Fees are different for different countries and payment methods from free up to 2.5%
    Withdrawing options:
    • Bank Withdrawal (fee $10)
    • Member Wire (fee $12.75)
    • Paying at Merchant Sites (free)
    • Money Transfer (fee 1.45%, min $0.50)
    • Using NEt+ card (fee 0 – 1.75%)
    • Different withdrawal methods and fees for different countries
    • Fees from free up to 7.5%
    Money Transfer:
    • Send money to Skrill Account (fee: 1.45%, minimum $0.50)
    • Send money to an email (fee: 1.45%, minimum $0.50)
    • Send money to NETELLER Account (fee: 1.45%, minimum $0.50)
    • Send money to an email or to mobile number (fee: 1.45%, minimum $0.50)
    • International Transfer (free)
    • Domestic Transfer (fee: up to 2%)
    Receive Funds via P2P transactions:
    • Free
    • Free
    Paying at a shop or transferring funds with any merchant:
    • Free
    • Free
    Currency Conversion:
    • Interbank market rate plus processing fee of 3.99% (down to 1% for VIP members)
    • Interbank market rate plus processing fee of 3.99% (down to 1.99% for VIP members)
    Cards:
    • NEt+ Prepaid MasterCard
    • Instant cash withdrawals at ATMs worldwide
    • Can be used anywhere
    • MasterCard is accepted
    • Free NEt+ Virtual Prepaid MasterCard
    • Skrill Prepaid MasterCard
    • Instant cash withdrawals at ATMs worldwide
    • Can be used anywhere
    • MasterCard is accepted
    • Free Skrill Virtual Prepaid MasterCard
    Cryptocurrency:
    • Wallet currency in EUR or USD have buy and sell fee of 1.50%
    • Wallet currency in other currencies have buy and sale fee of 3.00%
    • Wallet currency in EUR or USD have buy and sell fee of 1.50%
    • Wallet currency in other currencies have buy and sale fee of 3.00%
    VIP offers:
    • Higher transaction limits
    • Lower fees and FX rates
    • Dedicated VIP Manager
    • Exclusive VIP promotions
    • Multi-currency account
    • Personal account manager
    • Lower fees and FX rates
    • Higher transaction limits

    Neteller vs. PayPal

    Neteller PayPal
    Availability
    • 202 countries
    • 202 countries
    Currencies:
    • 26 different currencies
    • 24 different currencies
    Deposit options:
    • 40+ deposit options
    • Manual Bank Transfer (free)
    • Credit Cards (fee 1.9%)
    • Debit cards (fee 1.9%)
    • Neteller also accepts Bitcoin (fee 5%), Astropay (5-7%), Banamex (7%), Bancomer (7%), Effecty (5.5%), eWire (1.5%), Trustly (free) and many other deposit methods.
    • Manual Bank Transfer or Trustly, different hidden fees for different countries and methods.
    Withdrawing options:
    • Bank Draft (7.5 EUR)
    • Bank Transfer (7.5 EUR)
    • Cheque (7.5 EUR)
    • Member Wire (10.5 EUR)
    • Merchant Sites (free)
    • Money Transfer (free)
    • PayPal has many hidden and unclear fees for different countries and withdrawal methods.
    Money Transfer:
    • 1.45 % (min 0.5 EUR)
    • Free, when money comes from PayPal balance.
    • 3.4% + €0.35 EUR, when the money comes from a debit or credit card, the sender decides who pays this fee. It is even higher for some countries.
    Receive Funds via P2P transactions:
    • Free
    • 3.4% + $0.30 USD (US)
    • 3.9% + $0.30 EUR (Outside US)
    Paying at a shop or transferring funds with any merchant:
    • Free
    • Free
    Currency Conversion:
    • 2.95 % (down to 1.25 % for VIP members)
    • Around 3.5% (depending on currency)

    Source: ewallet-comparison.com

    Compare Bitcoin Exchanges

    eToro
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    Bybit
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    The price and value of any investment in digital asset products can fluctuate.

    Binance
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    KuCoin
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    Coinbase
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    The value of digital currencies can go up or down frequently.

    Bitfinex
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    Market prices for digital tokens can be volatile and highly unpredictable.

    Rating
    5.0
    4.5
    4.4
    4.3
    4.2
    4.1
    Mobile App Rating
    10/10
    9/10
    9/10
    8/10
    9/10
    8/10
    Mobile App
    Wallet
    Number of Coins
    1282236335011
    Trading Fees
    Spreads0.1%0.1%0.1%0.50%0.1%
    Deposit Fees
    N/AN/AN/AN/AN/AN/A
    Withdrawal Fees
    $50.0005 BTCN/AN/AN/AN/A
    Regulated
    ASIC, CySEC, FCAN/AFCAN/AFCAN/A
    Min. Deposit
    $50N/A$10N/A$2$10
    Leveraged Trading
    N/A1 - 100x1 - 100x1 - 100xN/A1 - 10x
    Bitcoin
    £27509.11£27526.99£27933.71£27912.19£27923.55£27933.73
    Ethereum
    £1855.58£1822.35£1829.00£1827.24£1828.96£1828.39
    XRP
    £0.47N/A£0.45£0.17£0.23N/A
    Tether
    £0.75£0.75N/A£0.75£0.75N/A
    Litecoin
    £82.20N/A£80.68£80.65£80.69N/A
    Bitcoin Cash
    £222.87N/A£218.39£377.93£218.76N/A
    Chainlink
    £11.48N/A£11.47£11.43£11.46N/A
    Cardano
    £0.81N/A£0.78£0.78£0.78N/A
    IOTA
    £0.63£0.61£0.61N/A£0.61£0.61
    Binance Coin
    £298.12£291.21£290.99N/AN/AN/A
    Stellar
    £0.15N/A£0.15£0.14£0.15£0.06
    Bitcoin SV
    £67.60N/AN/A£136.20N/AN/A
    USD Coin
    £0.75N/AN/A£0.75N/AN/A
    EOS
    £1.72£1.68£1.68£1.64£1.68£1.67
    Monero
    £109.87£108.87N/AN/AN/AN/A
    Credit Card
    Giropay
    Neteller
    Paypal
    Sepa Transfer
    Skrill
    Sofort

    Options and Fees for Neteller Withdrawal

    Neteller has various withdrawal options, which are simple, fast, and secure. The withdrawal options are:

    • Bank transfers (Fee: 10 USD)
    • MasterCard (Fee: 0-7.5%)
    • Member Wire (Fee: 12.75 USD)
    • Merchant Sites (Fee: 0% Free)
    • Money Transfer (2.99%, Min. Fee: 0.50 USD)
    • Skrill (Fee: 3.49%)
    • Visa (Fee: 0-7.5%)

    E-wallet vs. Bitcoin Wallet

    An e-wallet is a software program that securely stores data, which is required to enable the wallet owner to make online payments. Users can make these payments by using a specific device.

    There are four main types of e-wallets: Digital Wallets, Mobile Wallets, Crypto Wallets, and IoT Wallets. All of them act as umbrella terms for very specific wallet configurations,

    It means, a Bitcoin wallet is a sub-type E-wallet and it is a digital wallet that is programmed to interact with Bitcoin. Although many investors think that these wallets store Bitcoins, a Bitcoin wallet basically represents the cryptographic control of a blockchain address.

    Every Bitcoin wallet has a set of secret numbers, or private keys, relating to the user’s blockchain address.

    Can you Buy Bitcoin with Neteller Anonymously in the UK

    Neteller is not an anonymous payment method, and users need to provide personal details to use this payment option. However, compatible platforms with Neteller like Binance, provides the option to buy Bitcoin anonymously.

    Here are the steps to buy Bitcoin without ID:

    1. Select a Bitcoin exchange. We suggest using Binance because its verification requirements are minimal.
    2. Next, create an account
    3. Add funds into your account
    4. You can withdraw up to 0.6 BTC everyday with the basic account verification
    5. You only need to provide an email address and a pseudonym.

    Best UK Bitcoin wallets to use for your Neteller Deposit

    A Bitcoin wallet is required to store cryptographic information that contains complex crypto codes or private keys. When you have a Bitcoin wallet, it will interact with the blockchain network and enable you to send or receive Bitcoin.

    There are several reputable and reliable Bitcoin wallets in the UK that you can use for your Neteller deposit:

    eToro Wallet

    eToro is one of the most reputable brokers in the UK and around the world. Besides its numerous tradable assets, it also has a crypto wallet called “Money” that you can use for your Neteller deposit. Additionally, eToro offers various other interesting and reliable features.eToro

    eToro is one of the most secure cryptocurrency wallets in the world with a high level of security. Also, with the help of the Money crypto wallet, you will always have that assurance that even if you forget your private key, you can quickly recover it for free.

    Visit eToro

    Your capital is at risk

    Coinbase Exchange Wallet

    Coinbase is another top-ranked cryptocurrency exchange in the world that has a separate crypto wallet called the Coinbase wallet.

    The wallet work as a stand-alone and users need not open a Coinbase account to use the Coinbase wallet. You can use the wallet for your Neteller deposit in the UK.

    The Coinbase Wallet allows you to store your crypto in one place, access 500+ cryptocurrencies and multiple NFTs, participate in ICOs, shop in stores that accept crypto, and send your crypto anywhere in the world. One of the main features of the platform is its simple and user-friendly interface.

    Visit Coinbase

    Binance Exchange Wallet

    Binance is a globally known crypto exchange and a peer-to-peer marketplace that offers investors a wide range of digital assets.

    To store various crypto tokens, Binance also offers a crypto wallet that has nearly 10 million users around the world. Binance is also one of the most reliable crypto wallets that can be used for Neteller deposits.

    Binance also interacts with various crypto tokens and blockchain wallets, along with a mobile app that users can install on their device to store, send, receive, and exchange hundreds of cryptocurrencies.

    Visit Binance

    Bitcoin and UK Taxes

    Bitcoin is taxable in the United Kingdom. The UK does not treat Bitcoin or any other cryptocurrency as money or currency. Rather, HMRC considers Bitcoin as a property. It means Bitcoin is taxable either as capital gains tax or income tax in the UK.

    There have been instances where cryptocurrencies or assets are treated as income and attracts income tax in the UK. Bitcoin transactions that fall in the category of income are taxable at users’ regular income tax bracket. On some occasions, investors may also need to make National Insurance contributions on the earnings from Bitcoin as well.

    If you are an investor in Bitcoin, you might be wondering about the payable tax amount on your income from Bitcoin in the UK. Well, it again depends on your income tax bracket. In the United Kingdom, your income tax rate on the Bitcoin income will be the same as the highest tax bracket you are in, and it will be considered miscellaneous income. You will likely pay somewhere between 0% and 45% in tax.

    Conclusion

    Neteller is a leading and one of the popular digital wallets with millions of users around the world. The procedure of buying Bitcoin with Neteller is simple, especially on UK regulated exchange eToro. If you already have some experience of using Neteller for different online purchases, it will be even easier.

    Even beginners using Neteller for the first time can deposit to their preferred crypto broker in quick time. Neteller is used for a vast range of online transactions, and due to its popularity, it is listed as one of the best ways to buy Bitcoin on various online crypto trading platforms.

    You can buy bitcoin in the UK with Neteller from over 100 alternative payment methods and 28 currencies into Bitcoin, Ethereum and others instantly without any additional verification.

    eToro: Our Recommended UK Bitcoin Exchange

    Our Rating

    eToro exchange
    • Financial Conduct Authority (FCA) regulated in the UK
    • Buy with Bank transfer, Credit card, Neteller, Paypal, Skrill, Sofort
    • Free Demo Account, Social Trading Community - 20 Million Users
    • Free Bitcoin Wallet - Unlosable Private Key
    • Copytrade Winning Bitcoin Traders - 83.7% Average Yearly Profit
    eToro exchange
    Cryptoassets are unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

    FAQs

    How to buy bitcoin with Neteller

    Neteller users can fund their account through recognised cryptocurrency brokers, including eToro, Paxful, Bitpanda. After funding their accounts, buying Bitcoin is easy through this online platform.

    How to convert bitcoin to USD using Neteller

    If you want to buy Bitcoin using Neteller by converting to US, press the “Exchange

    Which Bitcoin casinos accept Neteller

    Neteller is a leading online e-wallet that most top online casinos accept for its transactional efficiency. Neteller offers a wide range of benefits for online casino sites, including an extra layer of security, easy method of deposits and fast payouts. Additionally, Neteller manages currencies from various countries, including Sweden, Mexico, and Hungary, which means users can even take it abroad with them. Top casinos that accept Neteller are Europa Casino, 22 Bet Casino, betway, Royal Panda, SPIN, JackpotCity, Casino Planet, 10cric, and many more.

    Which site sells Bitcoin for Neteller

    You can sell Bitcoin for Neteller by using reputable sites such as Bitpanda, Paxful, LocalBitcoins, and PayBis.

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    eToro - UK Crypto Broker

    eToro - UK Crypto Broker

    eToro - UK Crypto Broker

    Visit eToro

    Cryptoassets are unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

    eToro - UK Crypto Broker
    Visit eToro

    Cryptoassets are unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.

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