Although Wise is one of the world’s fastest and most secure digital payment service providers, navigating its features, like buying Bitcoin, can be tricky. Formerly known as Transferwise, the platform allows you to buy BTC and other cryptocurrencies from any vendor using a P2P exchange mechanism. So, if you’re interested in trading your crypto for cash in a flash or vice versa, Transferwise should be among your top choices.
However, like several other digital payment service providers, the company has unique features and trading policies, making it slightly tedious to use, especially for beginners. Remember that in crypto trading, any error made during a transaction can cause you to lose all assets involved! So, if you want to purchase cryptocurrencies seamlessly on Wise, this article is your perfect guide.
Can I Buy Crypto With Wise?
Yes, you can buy crypto with Wise in just a few steps. In fact, Wise (formerly Transferwise) is among the best choices for buying and selling the Bitcoin cryptocurrency using P2P. The company is supported as a verified payment method for BTC traders by numerous exchange platforms.
We always recommend the Bybit crypto exchange platform because it is highly compatible with Wise and allows for a smooth and secure buying and selling process. On the exchange platform, you can easily use Wise to buy any digital asset, including Bitcoin, Ethereum, USDT, and many more. In the next section, we’ll give a detailed breakdown of the steps involved in using Wise for crypto transactions.
How To Buy Crypto and Bitcoin With Bybit using Wise
The starting point of purchasing Bitcoin using Wise is to select your ideal exchange platform that supports peer-to-peer trading. As said earlier, the best option is Bybit—one of the world’s largest, fastest, and most secure crypto exchange platforms—to fulfill this task. You can buy Bitcoin using Wise and claim bonuses of up to $30,000 after creating an account on Bybit by following simple steps.
Here’s a step-by-step guide for buying Bitcoin and crypto on Bybit using Wise:
- Create a Bybit account and verify your identity through the KYC option in your profile section.
- After that, Click Buy Crypto in the top left corner of your desktop screen and click P2P Trading.
- On the next page, select the type (USDT,USDC, BTC,or ETH) and amount of the crypto you want to buy, as well as the currency you intend to use for the transaction.
- Next, click on All Payment Methods and select Wise.
- Immediately, you will see a list of vendors and their completion rates. Scan through the list and select your most preferred vendor, usually based on the highest number of orders and completion rates.
- Discuss all transaction details with the seller and finalize the deal before completing it. Also, take note of the seller’s preferences in the Remarks section to prevent any hitches in the buying process.
Best Alternatives To Buy Crypto and Bitcoin Using Wise
Apart from our Bybit preference, there are other cryptocurrency exchange platforms that support the Wise P2P payment method for buying and selling Bitcoin and other cryptocurrencies. So, if you are searching for another option instead of Bybit for any reason, you’re in the right place. Below is a list of the best crypto exchanges that are ideal alternatives to Bybit for trading BTC on P2P using Wise.
Bitget
Bitget is among the fastest-growing crypto exchanges today, with millions of users completing numerous trades daily. This platform is known for its speed, stack of comprehensive features, and the friendly and easy-to-use interface the developers opt for. Bitget supports a vast amount of cryptocurrencies, including Bitcoin and Ethereum. Also, the exchange platform offers P2P (peer-to-peer) buying and selling options, allowing you to trade with vendors seamlessly.
Bitget also integrates the Wise payment method, facilitating secure and convenient crypto transactions. With Bitget, you can trade, manage portfolios, and easily utilize advanced trading tools. So, Bitget is an excellent choice to buy Bitcoin through P2P using the Wise payment method.
BingX
BingX is another ideal crypto exchange platform known for its user-friendly and robust trading features. The platform prioritizes ease of access for its users so much that it does not necessarily need you to undergo rigorous User ID Verification before granting you access to most of its features. BingX offers spot trading, derivatives trading, and copy trading, allowing you to copy the strategies of other successful traders.
Additionally, BingX supports Wise (formerly Transferwise) as a payment method for P2P trading of Bitcoin and other crypto assets. This way, you can buy Bitcoin using a secure and fast buyer-vendor mechanism whenever you want.
Fees When Buying Bitcoin With Bybit Using Wise
Buying crypto on Bybit using Wise for P2P is totally free! Simply put, Bybit allows both the buyer and seller free access to utilize its platform for P2P trading for trading crypto. However, you may need to pay transaction fees based on the payment method chosen. For instance, Wise requests about a 0.33% transaction fee for every transaction made—but this value is higher, depending on the currency chosen for the transaction.
About Wise
Wise (formerly TransferWise) is an international payment service that helps you save on hidden fees when sending money and cryptocurrencies worldwide. Whether you’re transferring money or crypto worth £50 or $50,000, Wise offers a cost-effective solution, making P2P transfers nationally or internationally. Wise priorities simplicity, security, and efficiency, moving over £30 billion each quarter.
Bottom Line
This article has briefed us on buying Bitcoin and crypto using Wise as the ideal payment method in simple steps. Wise stands out among the best cost-effective payment methods for buying and selling cryptocurrencies. Likewise, the payment method ensures that transfers involving huge amounts of money are completed in a flash.
Wise’s integration with top crypto exchanges, like Bybit, Bitget, and BingX, makes it a top choice for P2P trading. So, whenever you want to trade Bitcoin or other crypto on your preferred exchange platforms, look out for the Wise payment option for a guaranteed seamless experience. Happy trading!
