Bitcoin Forum

At neteller webpage it says that if you deposit via btc you can not withdraw it nor make online shopping. You can only send it to merchants or another member. What happens if you transfer such cash to another member. Can that member withdraw then such cash through atm ? (I mean cash which was firstly deposited via btc option).

I've actually just sent an email to their support, still waiting on their response.

Pretty sure that yes, the members are able to withdraw it through bank transfer or NET+ card there is no issue. Or you could fund your Skrill account with Neteller and then do it back so you get back Neteller funds. Obviously it'll incur fees either way.

They've said to me that any fund sdeposited by BTC can't even be used for bank withdrawals, which is weird because usually they let you do that after you complete verification. But if the Neteller funds deposited by bitcoin when sent to another member cannot be withdrawn by them wouldn't make sense at all - because apparently all they can do is to either hold onto their neteller funds or send it to someone else.

Why load btc to neteller? You can sell btc and make an extra 10% neteller has some serious issues with refunds so you are safe.

No idea what you are talking about , what extra 10%? Also never had any issues with neteller.

As a trader that does 2000$ at least neteller trades daily, I strongly recomand to take care of kind of trades btc-neteller, not so much as with bitcoin, but take care of funds.

And once again no idea what you are talking about. Elaborate. Would be nice if someone answer the op question.

Alright, just received a response from neteller support.

"To follow up on your inquiries, please note that funds deposited with Bitcoin cannot be used for withdrawals, even if you send the funds to another person they would probably not be able to withdraw the funds, just transfer them to a merchant.

We recommend that you use the funds deposited with Bitcoin before you initiate a withdrawal."

Basically they only had this bitcoin deposit thing for the purposes for you to buy from online merchants - not really a good idea to use it at all.

And if you are buying from someone, make sure that the source of their funds are not bitcoin deposits. Apparently, you are unable to cash out these funds with bank withdrawals/net+ plus cards.

But the funds can be sent to another person, in this case they should also allow you to withdraw those funds back to btc.

There is a way to withdraw the money you deposited with BTC . Just find any gambling site ( i prefer poker sites play some 0.10$ sng  there  ) and make a deposite on it then wait a lil and then withdraw it to your neteller . Here you go you can now withdraw  ;) . But as above said you can just sell your BTC for neteller and make 10% more . there is some risk with it but if you make sure that anyone buying from you is legit and have legit neteller money you have nothing to worry about . but to find out if legit or not is not easy  .

so , you mean you could'nt buy bitcoin with neteller ?

From what I know about neteller it's not easy to get a refund unless the funds came from a credit card and someone does a refund directly with the credit card company

What if I received payment in bitcoin to my neteller and I want to withdraw my money in bitcoin, is it going to work?

There isn't such option as withdraw with bitcoin... You can only depo.

Wow.  :o
Thank you guys for those information.
I was planning to buy Netteler card to withdraw BTC, but in this situation I don't see in this any larger sens :)

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