How to Buy Crypto with Payoneer? (4 Ways)

How to Buy Crypto with Payoneer

Founded in 2005, Payoneer has been one of the most reliable go-to platforms for payment and remittance globally. It allows businesses and SMEs to send and receive payments globally.

Like many electronic payment platforms, Payoneer features many exquisite payment options to make transferring funds and remittances easier and better. However, unlike many payment platforms, it allows businesses to request payments instead of direct billing.

Today, Payoneer is used by over 5 million people in more than 51 countries globally. However, its low support for crypto trading remains one of its biggest caveats.

Fortunately, buying cryptocurrency with Payoneer is possible. This article will dig deeper into how Payoneer works, how to buy cryptocurrencies with Payoneer, and its pros and cons. Let’s dive into it.

Buying Crypto With Payoneer

Payoneer is popular because of its secure, seamless, and fee-free in-platform transfers. With Payoneer, businesses can seamlessly request payment from their consumers and customers online.

This way, customers can complete payment via their fiat bank details, credit cards, or Payoneer account. Afterward, owners can move funds into their local bank account or spend via Payoneer debit card.

Payoneer users can also use the MAKE A PAYMENT option to send money to other Payoneer users globally for free.

As mentioned earlier, buying crypto with Payoneer can be complicated as the platform provides little to no support for crypto trading. This is because Payoneer was primarily designed for cross-border remittance and business-to-business (B2B) transactions.

Consequently, many crypto exchanges do not integrate Payoneer as a supported payment option. However, buying crypto with Payoneer via peer-to-peer (P2P) brokers is possible.

Therefore, anyone can buy crypto with Payoneer seamlessly by using the P2P marketplace option of popular crypto exchange platforms. This way, you can buy crypto from trusted P2P users and transfer the equivalent to the other party via Payoneer.

4 Ways to Buy Crypto With Payoneer

A peer-to-peer exchange or crypto broker allows the direct trading of cryptocurrencies between its registered users. A P2P works like a typical marketplace where users meet without intermediaries to complete a crypto exchange.

A good P2P exchange supports a wide variety of payment methods, including fiat and electronic payment methods. Another advantage is its reliable escrow system. This promotes fairness, safe transactions, and transparency.

P2P trading also facilitates cross-border crypto trading. Therefore, regardless of your native country, you can buy and sell crypto with Payoneer on P2P exchanges.

Some of the best P2P exchanges include:

Binance P2P

Binance is undoubtedly a leader in crypto trading globally. Known for its exceptional support for spot and futures trading, Binance also has one of the most exceptional P2P crypto exchanges worldwide.

At its core, Binance P2P supports over 100 payment methods with 8 crypto assets, including Bitcoin, USDT, BNB, BUSD, Cardano, Shiba Inu, Solana, and Ethereum. Overall, it is intuitive, user-friendly, and suitable for every user.

Buying crypto with Payoneer on Binance P2P is easy. All you have to do is filter the ads according to your payment preference and price. Select an ad with a good completion rate and input your preferred amount.

Complete payment to the recipient Payoneer address and send proof of transaction. Once the seller confirms it, the crypto assets will be released for Escrow Service. What makes Binance P2P attractive is that there is no trading fee on standard P2P trades – although there is a steep fee of 0.35% on customized P2P ads for market makers.

Here’s a step-by-step guide on buying crypto with Payoneer on Binance P2P:

  1. Sign up/Log in to Binance
  2. Go to Binance P2P
  3. Complete Payoneer Transfer
  4. Confirm Transfer on Binance P2P

Step 1: Sign up/Log in to Binance

To buy cryptocurrency with Payoneer on Binance, you must create a new account with Binance by going to

Click GET STARTED/REGISTER on the homepage to sign up for a new account. On the registration page, enter your email address or phone number and a strong password.

Continue registration by verifying your email address with the six-digit verification code sent to your email address or phone number.

Once the registration is complete, complete KYC verification by clicking on the round-shaped profile icon in the top right corner of the top navigation bar.

Binance Identification

Click on PROFILE > IDENTIFICATION. On the identification page, click GET STARTED and submit a clear copy of a government-issued ID card and utility documents.

Binance Login

If you have a verified account, simply log in by clicking the LOG IN button from the homepage.

Step 2: Go to Binance P2P

Binance P2P

After logging into your account, go to TRADE > P2P. In Binance P2P, you can use the EXPRESS ZONE, where your buy/sell orders are automatically matched with a vetted trader.

Alternatively, you can use the P2P ZONE, where you can choose any trader with the best exchange rate. Also, the P2P ZONE supports a wider variety of payment methods, including Payoneer.

Binance P2P Details

To use P2P ZONE, switch to P2P > BUY and select the cryptocurrency you want to buy.

Using the available filters, input the amount of cryptocurrency you want to buy. Select FIAT CURRENCY as USD or EUR. Then, select PAYONEER from the PAYMENT filter.

Instantaneously, the system will match your preferences with the best rates and most trusted traders. Also, a completion rate of over 90% reflects the traders’ overall integrity and reliability in the P2P marketplace.

Binance P2P Marketplace

Select any preferred trader, and input the amount of cryptocurrency you want to buy again. Finally, click on BUY.

Binance P2P Buy Crypto

Step 3: Complete Payoneer Transfer

After initiating the order, the seller’s PAYONEER details will automatically pop up. All you have to do is simply copy the details and send the corresponding transaction amount to it.

Sign in to Payoneer

To do this, go to Payoneer at On the homepage, click on SIGN IN from the side menu.

Payoneer Sign in

Input your email address and password, then complete CAPTCHA VERIFICATION before tapping the SIGN IN button. Finally, complete sign-in with the verification code sent to your email address.

Paying Recipient on Payoneer

Once you are in, click on PAY > PAY TO A RECIPIENT PAYONEER ACCOUNT.

Make Payment on Payoneer

On the payment page, paste the recipient’s email address. Continue to the payment details by selecting the appropriate FIAT. Input the transaction amount and indicate the purpose of payment.

Double-check the transaction details before clicking REVIEW. Once the transaction has been completed, you will receive mail.

Step 4: Confirm Transfer on Binance P2P

After completing the transfer, return to Binance and click TRANSFERRED, NOTIFY SELLER.

Notify Seller on Binance P2P

This will automatically notify the seller to confirm payment receipt and release the coin from escrow.

Meanwhile, do not click the TRANSFERRED button until you’ve completed the transfer.

Confirm Payment on Binance P2P

After the seller confirms the payment, the transaction will be closed, and the coin will be released to your FUNDING WALLET.

If you did not receive the cryptocurrency within 15-30 minutes, you can click on APPEAL to report the delay to Binance P2P Customer Support.

Kucoin P2P

Kucoin is another great option for traders due to its great support for wider crypto adoption and trading. Therefore, Kucoin provides unwavering crypto trading support regardless of location-based restrictions.

Unlike Binance, Kucoin P2P users enjoy a fee-free trading experience in a user-friendly marketplace. However, it only supports USDT, Ethereum, Bitcoin, USDC, and Kucoin tokens.

Here’s how to buy crypto with Payoneer on Kucoin P2P:

  1. Sign up/ Log in to Kucoin Account
  2. Update P2P Payment Settings
  3. Initiate Order
  4. Complete Payment

Step 1: Sign up/ Log in to Kucoin Account

Create Kucoin account

Like in Binance, you must also sign up for a Kucoin account at Register a new account with your email address and password.

On the homepage, click on SIGN UP to get started. On the registration page, input your email address in the field provided, then verify your address by tapping SEND CODE.

Continue by setting the preferred password, and finally, click on SIGN UP.

After completing account registration, you can verify your account by clicking on the round-shaped profile icon on the top right corner of the homepage.

Kucoin Identity Verification

Go to PROFILE > IDENTITY VERIFICATION. Here, submit a clear copy of your government-issued identity and utility documents.

Step 2: Update P2P Payment Settings

Kucoin P2P

After setting up your account, you must add payment methods before using Kucoin P2P. Go to BUY CRYPTO > P2P from the top navigation bar.

Kucoin P2P Options

In the P2P marketplace, click on MORE > PAYMENT SETTINGS. Here, you can add over 15 electronic payment methods, including Zelle, Skrill, PayPal, Wise, Payoneer, etc.

In the payment settings page, click + (ADD) and select preferred payment options from the available options.

Input your payment details and click on COMPLETE to submit.

Step 3: Initiate Order

Kucoin P2P has two marketplace zones. The FAST TRADE automatically matches your order with an expert-vetted trader, while the P2P ZONE allows you to select available traders and compare their rates.

Fast Trade

Kucoin P2P Fast Trade

To use the FAST TRADE, click on BUY CRYPTO > P2P. Within the P2P marketplace, switch to the FAST TRADE tab.

Select the cryptocurrency you want to buy, input the amount, and select your preferred payment method. Finally, click on BUY.

P2P Zone

Kucoin P2P Options

In the P2P Zone, select any cryptocurrency you want to buy and filter out the advertisements by selecting your preferred payment method and transaction amount.

Kucoin P2P Place Order

From the available results, select any trader with an excellent trade record. Enter the amount of crypto you’d like to buy and click on PLACE ORDER.

Step 3: Complete Payment

Kucoin P2P Transfer Assets

The seller’s details will automatically pop up. Copy the email address and complete a Payoneer transfer as illustrated in the Binance P2P guide above.

Ensure you do not click on CANCEL at any moment unless you want to cancel the transaction. Meanwhile, you can send proof of payment through the CHAT option.

After completing the payment to the seller’s email, click on CONFIRM PAYMENT. This way, the seller will confirm payment and release the crypto assets from escrow.


With over 900 listed cryptocurrencies, OKX remains one of the top emerging crypto exchanges globally. OKX P2P marketplace supports over 900 payment methods and access to trade Bitcoin, Ethereum, USDT, USDC, True USD, and Dai.

With OKX, you only need to register an account and complete KYC verification. Afterward, search for your preferred fiat currency and payment methods and choose from the most competitive rates.

Once you find a good deal, the crypto asset is locked in escrow till the other party confirms payment. Therefore, aside from being fee-free, OKX P2P is easy to use.

Here’s how to buy crypto with Payoneer on OKX P2P:

  1. Sign Up/Log in to OKX
  2. Go to OKX P2P
  3. Complete Order

Step 1: Sign Up/Log in to OKX

Using OKX P2P is pretty similar to Binance P2P and Kucoin P2P.

All you have to do is log in to your existing OKX account or sign up for a new one with your email address and password.

Complete account verification by clicking on PROFILE > VERIFICATION. Here, you will submit your basic info, including your name and address.

Continue KYC by verifying identity with your Driver’s Licence, National ID Card, International Passport, Resident Card, or any accepted government-issued identity document.

Finally, take a selfie in a well-lit environment, ensuring every area of your face is exposed and well-fitted within the designated frame.

Step 2: Go to OKX P2P


After signing into your OKX account, navigate to BUY CRYPTO > P2P TRADING from the homepage.

OKX P2P Trading

In the P2P marketplace, select the BUY tab and filter your order by specifying the cryptocurrency you want to buy, the amount, and PAYONEER as the preferred payment method. Then, tap the filter icon to bring out available traders.

Go through the result and select any seller with a good completion rate. Select any order by clicking on BUY.

Step 3: Complete Order

Input the amount of cryptocurrency you’d like to buy and click on BUY again to initiate the order.

At this point, OKX will hold the asset in its P2P escrow service until you make payment.

As illustrated above, copy the seller’s payment details and make a PAYONEER transfer.

After making the payment, click on PAYMENT COMPLETED. Once the seller confirms receipt of payment, the crypto set will be released from escrow to your OKX wallet.

Huobi P2P

Huobi’s focus on a safe and secure P2P environment makes it one of the top choices for many traders lately. The platform features an Anti-Fraud Practitioner that filters out suspicious P2P listings. There is also a rewarding bounty program for anyone who reports suspicious/fraudulent traders and any vulnerabilities within the marketplace.

Although Huobi supports only 59 payment methods, its ease of use and excellent customer service make it a top pick. Currently, Huobi P2P allows trading of Bitcoin, Ethereum, USDT, Tron, Huobi Token, and USDD.

Huobi P2P is simple and easy to use. It works closely with Binance and Kucoin P2P, where you must create a verified account, match your order description with any trader, and complete the transaction.


Although Payoneer is not one of the conventional payment solutions for buying cryptocurrencies, it certainly offers a unique and secure route. Its growing presence, zero user-to-user transaction fee, swift transfer, and focus on user security make it a trustworthy option.

Is Payoneer the best method to buy cryptocurrencies? Maybe. Payoneer’s support for cryptocurrencies is limited since it fosters business development. Also, its sign-up process is usually seen as a hurdle compared to other payment methods.

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