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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.

Neteller is an e-wallet and payment services provider that operates in more than countries and supports 26 different currencies. The United States and Japan are two notable exceptions. However, since its withdrawal from the U. 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. 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.

Withdrawals in each of these currencies are also possible with Neteller. Note that deposits and withdrawals of U. 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. Enter the amount you wish to deposit. 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. How to transfer money from your Bitcoin wallet?

The deposit will process, but this will not happen instantly. Sometimes the Bitcoin transfer to your NETELLER wallet could go through in one minute, while at other times, the transfer to your wallet could take up to 1 business day.

You can use Bitcoin for making transfers to Neteller merchants or to other members. Select which fiat currency you would like to purchase your cryptocurrency with. Speaking of the rate, you can look to the right side of the screen. The exchange rate will be listed there, and it will refresh frequently. This part of the Bitcoin buying process will also show you any fees. Review the fees — if you are not satisfied, you can back out to decline the purchase. This happens instantly; you will have your Bitcoin in only a few seconds.

You will see the same page, as shown in the previous screenshot. Click on whichever type of crypto you would like to exchange; in this case, BTC. This time, instead of choosing an exchange of fiat currency to Bitcoin, swap the exchange direction.

The process to buy Bitcoin typically takes less than 10 seconds.

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