Digital fiat currency wallet provider Neteller has started allowing its users to buy, sell, and hold cryptocurrencies including BTC, BCH, ETH, ETC, and LTC. The cryptocurrency service is already live in 10 countries and the company “plans to roll it out to more than 50 additional markets.”
Neteller Adds Cryptocurrencies
Neteller is a service operated by Paysafe Financial Services Ltd., a wholly-owned subsidiary of Paysafe Group Ltd. Paysafe Financial Services was founded in 1999 to provide an online alternative to traditional payment methods. The group announced on Friday that Neteller has launched an “in-wallet buy-and-sell cryptocurrency feature,” elaborating:
As of today, Neteller users can buy, hold and sell cryptocurrencies via a recognised cryptocurrency exchange including bitcoin, bitcoin cash, ethereum, ethereum classic and litecoin, purchased using any one of 28 fiat currencies available in the Neteller wallet.
“We expect to add more currencies in the near future,” Neteller’s website states, adding that users can currently exchange from more than 100 payment methods into cryptocurrency without additional verification. The supported fiat currencies include Australian dollars, Brazilian reals, Canadian dollars, euros, British pounds, Indian rupees, Japanese yen, Mexican pesos, Russian rubles, Swiss francs, U.S. dollars, and Colombian pesos.
Some of the methods for funding a Neteller account include Pay by Mobile, Epay, Paysafecard, local bank deposits, and bitcoin, according to its website. Funds can also be uploaded via a number of banks online such as Banco do Brasil, HSBC, Itau, and Nordea.
Some of the funding methods for Neteller accounts.
“Our rates are very competitive by comparison to the average market rates on the major cryptocurrency exchanges,” the firm claims.