The NETELLER electronic wallet was launched in 1999 by Neteller Plc. The objective was to give the growing online casino industry an alternative payment option to credit cards. The original organisation has undergone many changes and today the company that operates the NETELLER brand is Paysafe (formerly Optimal Payments Limited). This company is listed on the London Stock Exchange and is regulated by the Financial Conduct Authority of the United Kingdom. These ensure that it operates under strict oversight, which is a comfort for online casino players. Neteller operates in over 200 countries including in Australia. Australian players can carry out transactions in their own currency through NETELLER.

• Where To Pay With Neteller
• Use Net Command

1. Neteller Casino sites that accept Neteller deposits. If this sounds too confusing, well it is really BUT there are a growing number of bookmaker and casino sites that allow you to deposit directly using pay by phone bill or Boku without the need Neteller.
2. Founded in 1999, Neteller is one of the oldest e-wallet companies in existence. Over the past two decades, Neteller has aided clients in transferring money to and from different merchants and users. If you’ve ended up on this site, there’s a good chance that you’re considering the.
3. Your money in a Neteller account can be used to pay merchants, P2P to other Neteller account holders, or spent at any retailer that accepts MasterCard using the Neteller prepaid card. Using a Neteller account allows you to easily deposit and withdraw your funds to a wide variety of merchants.
4. When using Neteller, you will be charged a 2.5% fee every time money enters your Neteller wallet. So whether you are making a deposit to your Neteller wallet, or withdrawing money from your betting account into your Neteller wallet, you will have to pay this 2.5% fee.

How to use NETELLER casino banking option

Neteller is one of the most popular payment systems. The e-money service is often used to transfer money to and from merchants and consumers. The company is owned and operated by Paysafe.

You need to have a NETELLER account to start with. You can open one from the NETELLER web site or even from most online casino web sites when making your first deposit. You then have to fund your NETELLER account. There are several options available, but the most common ones are credit cards and bank transfers. Now you are ready to deposit.

You access the cashier of your Australian online casino and select the Deposit option. There you click on the NETELLER icon. You will have to enter the amount you wish to deposit and your NETELLER account ID and NETELLER security ID. These would have been given to you when opening your NETELLER account. Click Deposit to complete the transaction.

If you have made the deposit using the NETELLER payment option, only then you can use it to withdraw your winnings from the online casino. You access the cashier and choose the Withdrawal option. Enter the withdrawal amount, select the NETELLER icon and fill in the details required. Your withdrawal request will be registered with the online casino for processing. The processing will take place after the online casino pending period is over and then the funds will be remitted electronically to your NETELLER account.

The Bitcoin exchange below are the best ones to use if you want to exchange NETELLER to bitcoins.

We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.

Quick Info: Popular Exchanges

• eToro

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eToro is a trading platform and crypto exchange. It supports Bitcoin, Ethereum, Litecoin, Zcash and many other coins.
Deposits can be made quickly via NETELLER. It also offers unique features like copy trading.

This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

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• Offers unique copy trading feature
• Trusted echange that has been active in traditional finance
• Interface is clean and easy to use

• You cannot deposit cryptocurrency, but you can deposit with other payment methods

Bitpanda Buy Bitcoin Read Review

Bitpanda is a bitcoin exchange based in Vienna, Austria. European users can buy bitcoins with Neteller in under 10 seconds using Bitpanda. Note that the exact fees for purchasing with NETELLER are not displayed publically. You will be shown a buy price at check out and the fees for using NETELLER are included in that price.

We may receive compensation when you use Bitpanda. Please visit Bitpanda for its exact pricing terms.

• Some of the lowest fees for buying bitcoins with credit/debit card
• Reliable and trusted broker

• Fees aren't shown openly on the site but instead included in the buying price

If you want to buy larger amounts of bitcoin, try buying with a SEPA transfer. Or, check out more payment methods.

Neteller is an e-wallet and payment services provider that operates in more than 100 countries and supports 26 different currencies. The United States and Japan are two notable exceptions.

Neteller was founded in Canada in 1999 and at one point processed payments for 85% of gambling sites on the internet. However, since its withdrawal from the U.S. and acquisition by Paysafe Group (also the parent company of Skrill) it has focused its efforts on providing instant, secure, and free transactions.

Just like its former competitor and now sister-company Skrill, Neteller offers cryptocurrency trading for some European countries within its own interface. In fact, users who are familiar with one platform will likely feel quite at home on the other.

QUICK TIP

Neteller does not allow you to send Bitcoin or any of its other supported cryptocurrencies to external wallets or exchanges. You can only transfer coins to another Neteller user. This means that you're not really buying Bitcoin, just Neteller's representation of the underlying asset. You gain exposure to its price movements, but you do not really own any Bitcoin or benefit from its decentralization, immutable ledger, or inability to be confiscated.

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To start buying Bitcoin using Neteller, you'll first need to deposit money into your account. Deposit fees are 2.5% across the board, though some methods are quicker than others.

On the next screen you'll enter the amount you wish to deposit. You'll also be able to see the applicable limits for the selected payment method.

If Neteller's cryptocurrency offering is available in your country, you'll see an option to Buy & Sell Crypto on your account dashboard.

To buy or sell any of the supported assets, click trade on the right hand side of your crypto account home.

You can create market, limit, or recurring orders. You also have the ability to set price alerts.

This makes it about as easy as it can get to buy Bitcoin using Neteller.

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Once you've bought Bitcoin, you can also send it to another Neteller customer.

Remember that you're not able to send it to an external wallet or exchange address.

To send crypto to another Neteller user:

1. Select Money Transfer on the Send section of your account, or click the Send icon next to the cryptocurrency you hold and wish to transfer

2. Enter the recipient's email address or phone number (country code included)

3. Select the cryptocurrency you wish to transfer from the Select Balance field

4. Enter the amount and hit Continue

5. Check that the transaction details are correct. This is where you will see the applicable fees and limits. If it's all good, click Confirm

If they haven't previously, the recipient will need to accept Neteller's Crypto Disclaimer.

If you send Bitcoin to an email address that is not reigstered with Neteller, your transaction will show up as Pending for 14 days. If it is not claimed during this time, it will be returned to you. You can also manually cancel a Neteller to Neteller transfer during this window.

If you're just looking to gain exposure to Bitcoin and don't require the ability to send your holdings to an external or non-Neteller wallet, this is a very simple and convenient way of doing so.

If you're not in one of Neteller's currently supported countries, don't worry, there are still a number of ways you can use Neteller to buy Bitcoin.

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Bitpanda is one of the largest and safest Bitcoin exchanges that accept Neteller.

Verified users can deposit Euros, British Pounds, and Swiss Francs. Withdrawals in each of these currencies are also possible with Neteller.

Note that deposits and withdrawals of U.S. dollars are not possible with Neteller, though Bitpanda does allow these with Skrill.

Buying Bitcoin with Neteller on Bitpanda is quite straightforward.

First, click Deposit up the top right of your homepage.

Next, select the currency you wish to deposit.

For this walkthrough, we'll deposit Euros.

Next, you'll select the deposit method. Neteller is listed here, along with its fees of €0.90 + 3.60%.

Enter the amount you wish to deposit. There is a minimum of €25 and a maximum of €10,000.

You'll then be shown an overview of the transaction you're about to submit. Take a look to confirm that the details are correct.

Next, you'll be sent a code to your verified phone number to approve the transaction.

Once confirmed, you'll be redirected to Neteller's payment interface where you'll be able to log in to your existing account or create a new one.

Once you've confirmed the payment, the deposit should show up in your Bitpanda wallet within seconds.

Buying Bitcoin with your wallet balance is as simple as clicking Trade up the top right, just next to Deposit.

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eToro is another online brokerage that supports Neteller deposits. Once you have funds in your account, you can then use them to purchase Bitcoin.

To deposit funds using Neteller:

1. Click Deposit Funds down the bottom left of your account homepage
2. Enter the amount and currency you wish to deposit
3. Select Neteller
4. Log in to your account and complete payment on Neteller's portal

Your deposit will show in your account within minutes.

To buy Bitcoin using your newly-credited funds, click BTC on your account dashboard.

You'll be taken to the following screen, where you can read up on Bitcoin news, check out the charts, or see statistics and figures.

Hit Trade to place an order.

Here you can define the terms of your trade: how much to buy, if you wish to use leverage, set a stop loss, or take profit.

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Paybis is a cryptocurrency exchange located in the UK. Founded in 2014, it has expanded to offer service to 48 U.S. states (Hawaii and New York are not supported) and more than 180 countries worldwide.

One of Paybis's best features is that it is non-custodial, i.e. your Bitcoin goes straight to your wallet, it is not stored on the exchange.

As Bitpanda and its support for Neteller payments is not available to Americans, Paybis is an alternative worth considering for those in the U.S.

Verified Paybis users need only create a new order on the exchange, enter their wallet address, and complete payment on Neteller.

Fees are quite steep, however. As you can see, you'll only end up with $454 of Bitcoin after paying $500.

Neteller takes a 3.57% fee, Paybis takes a 4.95% cut, and Bitcoin network fees eat up $2.49.

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Chapter 5

Buying Bitcoin with Neteller on LocalBitcoins

LocalBitcoins is another option if you want to purchase Bitcoin using Neteller.

There are many offers posted on the peer-to-peer marketplace for sellers who will accept Neteller. You can also post your own buy offer at any price you like, and hopefully someone will take you up on it.

The spread (difference between the mid-market price and the price you will actually pay) begins at about 1%.

Note that many sellers require your Neteller funds to be marked as 'gambling funds.' MasterCard deposits do not allow you to use the deposited funds for gambling purposes. Visa cards are not subject to these restrictions.

As always, be sure to conduct all communication through the LocalBitcoins messaging system and never send any money before the Bitcoin is in escrow.

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Where To Pay With Neteller

Paxful, like LocalBitcoins, is a peer-to-peer (P2P) marketplace. You can open a trade with any seller who has an open offer, or create your own offer and define the price and your terms of trade.

Neteller is one of the more than 350 payment options supported on Paxful.

Use Net Command

Offers start around 8% higher than the spot price of Bitcoin, though prices are bound to fluctuate so it's worth checking back regularly or posting your own offer.