Buying Etherium using Payoneer?

nisdee · Jan 2, 2018

Hello, I tried using Coinbase but payoneer does not support transactions to coinbase or any other exchanges I know. So is there a way to buy etherium or other crypto (bitcoin also, even though it has huge fees)?

I know for sites like localbitcoins and such, but fees there are insane, I don't intend to pay someone a 40% fee haha

Thank you

Deleted member 719276 · Jan 2, 2018

I bought ETH from Coinmama using my Payoneer/Firstchoicepay account. The fees are a little bit shit tho

Since there is no central bank controlling the bitcoin rate, each website has its own bitcoin rate. The price you see on our website is Coinmama's bitcoin rate and includes our fee of 5.50%. If you want to see the average market rate, we recommend TradeBlock's XBX Index.

For credit/debit card transactions, the payment processor charges 5.00% additional fee. This fee will be added after choosing your method of payment.

bk071 · Jan 2, 2018

Download the lykke app on your phone. (https://play.google.com/store/apps/details?id=com.lykkex.LykkeWallet&hl=en)
Open the app and create an account.
Deposit USD using your payoneer card.
Buy ETH. (its at $866 right now).
Transfer ETH to your wallet / exchange.

juxhin · Jan 2, 2018

bk071 said:
Download the lykke app on your phone. (https://play.google.com/store/apps/details?id=com.lykkex.LykkeWallet&hl=en)
Open the app and create an account.
Deposit USD using your payoneer card.
Buy ETH. (its at $866 right now).
Transfer ETH to your wallet / exchange.

What are the fees??

bk071 · Jan 2, 2018

juxhin said:
What are the fees??

There's no fee.
Coincap shows ETH at $863 and the ETH price on Lykke app is $869.

juxhin · Jan 2, 2018

bk071 said:
There's no fee.
Coincap shows ETH at $863 and the ETH price on Lykke app is $869.

How long does the verification takes ?
Can i transfer directly from trade wallet to an exchange or i have to transfer to private wallet and then to an exchange ?
Thanks

nisdee · Jan 2, 2018

bk071 said:
Download the lykke app on your phone. (https://play.google.com/store/apps/details?id=com.lykkex.LykkeWallet&hl=en)
Open the app and create an account.
Deposit USD using your payoneer card.
Buy ETH. (its at $866 right now).
Transfer ETH to your wallet / exchange.

Will try this, looks promising

Grindelvald · Jan 3, 2018

did it work? Many reviews are negative on playstore

juxhin · Jan 4, 2018

bk071 said:
Download the lykke app on your phone. (https://play.google.com/store/apps/details?id=com.lykkex.LykkeWallet&hl=en)
Open the app and create an account.
Deposit USD using your payoneer card.
Buy ETH. (its at $866 right now).
Transfer ETH to your wallet / exchange.

bro how long does it take for them to verify?? im waiting for more than 48 h

bartosimpsonio · Jan 4, 2018

juxhin said:
bro how long does it take for them to verify?? im waiting for more than 48 h

Can take weeks, depending on their backlog.

Stiletto · Jan 4, 2018

bartosimpsonio said:
Can take weeks, depending on their backlog.

lol, who has the time to wait for a few weeks to get the money especially since the market is so volatile right now.

bartosimpsonio · Jan 4, 2018

Stiletto said:
lol, who has the time to wait for a few weeks to get the money especially since the market is so volatile right now.

This is a one time procedure. If anyone intends to trade cryptos, gotta get verified on the main sites. After you're verified, there is no more delay.

bk071 · Jan 5, 2018

juxhin said:
bro how long does it take for them to verify?? im waiting for more than 48 h

For me, it took 24 hours but that was a few months ago.

Buying Etherium using Payoneer?

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