Paysafe is headquartered in the Isle of Man and is regulated by the UK government.
This deposit method was created in 2000 by four Austrians, including Armin Sageder, who served as the first CEO of the Paysafe Group. With Paysafe, you will be able to make transfers quickly and at low costs. You can get started with this payment method today, and it even has a mobile app. See a top list of the top crypto sites accepting Paysafe for deposits.
There are 2 crypto trading sites supporting Paysafecard and 3 crypto casinos which support Paysafecard as deposit method as seen in the toplists below.
Top 2 sites for buying, selling and trading crypto with Paysafe
This is the toplist with the best sites to buy, sell or trade cryptocurrencies through Paysafe. To learn more why a certain site is ranked the way it is, you can read our review by clicking the review button.
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Top 3 casinos with support for Paysafe
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Summary
Paysafe is known for prioritizing security as it features strong fraud-prevention tools. You will not need to expose your sensitive and personal information when making deposits with this payment method. This lowers the risk of identity theft. This deposit option has also gained popularity because of how simple it is to use. You just need to purchase the Paysafecard with cash, credit cards, money orders, or any other payment methods. You can then enter the code when making payments.
Advantages
+Paysafe makes it unnecessary to share sensitive payment details.
+You can make the transfers using a mobile app.
+This deposit method is extremely secure.
+The Paysafe funding option allows traders to remain anonymous.
Disadvantages
-It is not as widely accepted among crypto sites as you would expect.
-Some features are only available to customers in Europe.
-Paysafe users have to be wary of phishing scams.
-It can be hard to find outlets that sell Paysafe cards.
-Money held in these cards will not earn interest.
-Using these cards will not boost your credit history.
What is Paysafe?
To use this payment method, you will have to first purchase the prepaid card in a physical store. The card you purchase should cover the amount you intend to deposit. From there, you can visit your crypto exchange, where you will choose Paysafe and enter your 16-digit Paysafe PIN. You can then follow the prompts to complete the transaction. This payment method does not have any transfer fees, and you will always be sure of the exact amount you are depositing.
Paysafe Costs
Paysafe does not charge customers for the transfer of funds, and that means traders get to keep more of their profits when they deposit using this funding method. You should note that crypto exchanges may have some deposit fees.
Transaction speed for Paysafe
Aside from the anonymity, people like this payment method because it offers instant transactions. Once you enter the code of your Paysafecard and confirm the payment process, the funds will be added to your account in less than a few seconds.
Paysafe Deposits: How to do it?
Log into your account on the crypto exchange website
Navigate to the deposit page of the website
Pick Paysafe from the list of payment methods
Enter the amount you want to deposit
Use a verification method to complete the transaction
Which are the main countries where Paysafe is used?
This service is primarily used in the USA, Canada, the UK, and other parts of Europe. It is worth noting that many features of this deposit option are limited to Europe, and people in other parts of the world can simply use it as a payment service provider for credit cards. The card isn’t available in a few countries, including Afghanistan and South Sudan.
Can you withdraw with Paysafe?
Yes, customers can request withdrawals to their Paysafe accounts. In this case, you have to enter your registered email address on the crypto exchange withdrawal page, and the funds will be transferred. While this withdrawal method can be convenient, you may find it easier to transfer the funds to your bank account or credit card instead.
Reputation of Paysafe
Paysafe is a highly reputable company, and it currently operates multiple payment methods, including Paysafecard, Neteller, Skrill, and Paysafecash. While it isn’t primarily used in the crypto sector, it has become popular in fields that benefit from anonymity. These include online gambling. At the moment, more than 13 million people use Paysafecard to make transfers online.
FAQ
Below are some of the most frequently asked questions about Paysafe.
Is it safe to use Paysafe for cryptocurrencies?
Yes, this is one of the safest payment methods you can use to make deposits on crypto exchanges. You don’t need to provide any sensitive details when making payments with this banking method.
How do I set up Paysafe?
To set up Paysafe, you should purchase the voucher from a physical outlet. You can then enter the 16-digit prepaid code to the crypto exchange, and the funds will instantly reflect in your account.
Is Paysafe instant?
One of the main reasons for the popularity of Paysafe for deposits is that the payment method offers instant deposits. The funds will reflect in your account within less than a few seconds.
When was Paysafe founded?
Paysafe Group was founded in 2000, and over the years, it has acquired many other payment methods. These include Neteller and Skrill.
Where is the mother company based?
Paysafe is based in Vienna in Austria. This payment method is now available in more than 40 countries.
Does Paysafe only work on Apple devices?
No, if you use crypto sites that accept Paysafe for deposits, you will be able to use Android or iOS devices.
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