Bitcoin Forum

Isn't netteller allowing you to exclusively buy bitcoin from them? I heard this over the beginning of the summer. I opened an account with them but didn't go into it any further as I didn't have any funds to complete a transaction.

Neteller has no Bitcoin cashout option at all. We are the only merchant in the world that offers this service.

Then what was it that Netteller allowed to do with bitcoin? Deposit only? What use is that if can not exchange then cashout? Just a place to hold bitcoin, that is what a wallet does.  :D

Yes you can still sell your Bitcoin to them. then you can use the funds to deposit to webservices. Neteller is a eWallet that is used to deposit to certain stores and services.

Yes you can still sell your Bitcoin to them. then you can use the funds to deposit to webservices. Neteller is a eWallet that is used to deposit to certain stores and services.

How long does it take for the sell process, if one wants to sell Bitcoins and receive Neteller? Is the process automated? And do traders have to provide their ID and stuff?

I know a few people who might be interested in this as they gamble at some sites which doesn't accept Bitcoin yet but they do accept Neteller and other similar e-wallet services. And what these people do now is go to LBC and search for traders but if there is a better/easier way they might just opt for it.

You can sell 1000€ each day withou verifying your account. Its partially automated and only needs one human click per transaction (for safety reasons, will be automated fully soon). Process takes on average 20 minutes including waitng for the BTC confs.

Its an excellent rate too.

PS: check out our tellafriend system to earn some bucks of those guys ;)

And is there any exchange that directly deals with PayPal? That would be very useful for me. for me and a lot of people...

Yes, www.coinimal.com. There you can sell your BTC for PayPal funds.

do you have a plan to buy bitcoin with paypal also and not only selling? just asking

Hello siliconbee,

you can use https://www.coinimal.com to buy Bitcoin with Neteller. It is the only exchange in the world offering this, as the deal is still exclusive with Coinimal.

12. ACCOUNT RESTRICTIONS,
12.1 You agree to use your Account in accordance with the provisions of these Terms of Use and any other instruction we may reasonably give you regarding the use of the NETELLER Service. You agree and acknowledge that you are prohibited from: using the NETELLER Service for any Prohibited Transaction;

“Prohibited Transaction” means any of the following types of transactions: (i) any pyramid selling, ponzi schemes or similar multi-level marketing, or matrix programs or other “get rich quick” schemes or high yield investment programs; (ii) the sale or supply of any illegal items or items which encourage or facilitate illegal activities; (iii) the sale or supply of counterfeit products; (iv) third party processing or payment aggregation products or services; (v) using NETELLER to facilitate the trade, exchange, purchase or sale of Bitcoins, or any other virtual currency. We reserve the right, in our sole discretion, to add categories of prohibited transactions by adding such categories either to these Terms of Use or an acceptable use policy published on the Website;

Because we are working together with Neteller. We have that service for multiple months now. :)

That doesn't explain how you can violate their ToS without problems.


Best regards.

We are a merchant and have other Tos.

Best regards

Well ToS are no laws and if the company that made them aloows it, where is the issue?