Converting Neteller to BTC With Exchanges?

[jerry0]

Hi.  Looking for a bit of advice here.  I have neteller USD funds... these are gambling non US funds.  I would like to convert or swap it for btc or any crypto or zelle/boa.  Reason being I'm American from the US but I'm abroad a lot during the year so when i use neteller outside the US, I would deposit it on other gambling sites and play on those sites.



Then on those sites that I deposit into and play on, I either trade it for zelle/boa with some old contacts of mine who are contacts for many years who do trades or withdraw it back to neteller.  Thus imagine trading your neteller funds online with someone for their boa/zelle etc.  The thing is at the moment, none of my contacts seem to need neteller or online poker funds at the moment.  The reason why I cannot just cashout straight to my US bank account is because its not allowed since I do not have a foreign bank account active at the moment.  But even if I did, I know the fees to transfer it to that bank account and then back to my US bank account would incur lot of fees due to the currency exchange.  



At first I saw neteller allows you to buy/sell crypto with neteller funds so I though great.  Because that way I just convert all my neteller funds to btc.  Then withdraw the btc to my own btc wallet.  Until I found out on neteller you can't even send btc to any wallet.  The btc stays in your neteller account... which just seem ridiculous.  



My question is, does anyone know how I can convert my neteller USD funds into btc or any crypto in my situation?  Or into zelle or bank of america?



I know there are sites like localbitcoin and paxful but they charge a very high fee.  But are there any other alternatives?  I don't know anything about forex and exchanges like that... but do any sites allow you to deposit with neteller USD funds and buy crypto... then you can withdraw it to your own wallet?  If so, can anyone name them and what fees they charge?  Also I'm American so that might be possibly another issue if they ask for non US documents?  I have no issue playing on the nonUS sites because I got verified with them years ago with my nonUS utility bill etc.  And I only access these sites when I'm outside the US.

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[BitMaxz]

What do you mean that you can't withdraw BTC from neteller?

It seems that you can able to convert them directly from FIAT to Bitcoin so it requires a BTC address.
So it's directly converted and sent to your BTC address read it here https://www.neteller.com/en/crypto-withdrawals

Unless if your account is registered in non supported country based on what they said.

I think is p2p is the only way if you want to convert your Neteller to BTC did you tried bisq?
Also, check this list here https://bitcointalk.org/index.php?topic=5270416.0

[jerry0]

I meant if i convert my neteller to btc on neteller site... I cannot send that btc to my own wallet.  Apparently any btc you have on neteller... is kept on neteller.  Thus you could only trade it back to neteller funds and cannot send that btc to another btc address.  Apparently neteller only allows you to trade... without being able to withdraw the crypto.


Or am i making a mistake here?  Someone mentioned you can't withdraw your btc or any crypto on neteller to your own crypto wallet.  My neteller account is registered in a nonUS country as Im abroad most of the time and only use it abroad as I cannot use it while in the US.


I never heard of bisq.  Is that an exchange?  Again, I want to convert my neteller USD funds to either btc/crypto or zelle/boa.  Thing is previously I would always just trade my neteller with a few guys who would swap their zelle/boa with me.  But they don't need neteller at the moment.  So I want to know if there is a way to swap my neteller for btc/crypto or zelle/boa.  The thing is I want funds in my US bank account... but if can't... then I don't have getting btc/crypto instead.

[jackg]

I think I remember neteller looking problematic (I haven't used it so can't really say for sure though).

And yes bisq is another p2p exchange like localbitcoins. You might have a fee issue again though as I think neteller is a bit of a weird asset when it gets traded p2p (some of the exchange rates look high, especially compared with things like cash deposits too).

[LeGaulois]

Yeah, Neteller has always been "problematic", it's like with Revolut, people are limited. The problem with Bisq is it doesn't have Neteller as a payment option. And with this payment processor, you can't send money to someone else outside the system. You can only send money either to another Neteller user or to your own bank account (IIRC).

As for converting your Neteller funds to bitcoins, you can use Paybis or BtcBit. While I know the first and I don't know the second. So don't forget to make your own due diligence. Both use USD & EUR.
Or if you know someone using BTC with Neteller, you could convert your USD/EUR to BTC and then send BTC to another Neteller user.

[Mahiyammahi]

Well you can trade it with p2p in binance exchange. There you will found p2p section and you can trade you Neteller balance to crypto.

You just need kyc and it's very simple. Aftter creating account and done kyc Go Trade>P2p Section. You will see there buy and sell option you wanna trade your Neteller to Crypto then go buy option you will see there's a lot buyer who's willing to buy you Neteller exchange of crypto.

Be careful to read terms and condition and your exchange rate also.

Binance don't take any fees .
I hope you can exchange your Neteller. Trade in binance p2p it's safe.

N.B : For your extra security you can record you trasaction moment

Happy Trading😇

[Wind_FURY]

I think is p2p is the only way if you want to convert your Neteller to BTC did you tried bisq?
Also, check this list here https://bitcointalk.org/index.php?topic=5270416.0

Plus BISQ is one of the best ways to trade without KYC, especially if you don’t want to be tracked, you can use it to trade to a “privacy coin”, then trade back to Bitcoin somewhere else for cold storage.

[The Cryptovator]

I think Best_Change would help you here. I am not sharing because I am wearing their signature. I am suggesting you because a few of my known people have been using Best_Change for such as exchange like Neteller or skrill. As far as I know, they hadn't faced any issue yet and they are using Best_Change for a long time. A lot of options you can find there. Choose who offers the lowest fee. Just be careful if you deal peer-to-peer, perhaps there is a dispute that would happen in Neteller.

[jrrsparkles]

Well you can trade it with p2p in binance exchange. There you will found p2p section and you can trade you Neteller balance to crypto.

You just need kyc and it's very simple. Aftter creating account and done kyc Go Trade>P2p Section. You will see there buy and sell option you wanna trade your Neteller to Crypto then go buy option you will see there's a lot buyer who's willing to buy you Neteller exchange of crypto.

Be careful to read terms and condition and your exchange rate also.

Binance don't take any fees .
I hope you can exchange your Neteller. Trade in binance p2p it's safe.

N.B : For your extra security you can record you trasaction moment

Happy Trading😇

But you can only move funds from Binance p2p to your Binance main wallet then only you can opt for withdrawal so still the withdrawal fee is going to be high in that case but he can convert into other altcoins with cheaper withdrawal price.

But I have a question Binance p2p does have Neteller in their payment modes?

[BitMaxz]

But I have a question Binance p2p does have Neteller in their payment modes?

They have but the problem is you can't sell neteller funds instead you will receive the payment through Neteller if you sold crypto on Binance p2p.
Look at the image below as my screenshot found it there on p2p payment settings.


That's the only option that I saw on their app but if you change your local FIAT to USD you have the option to find the Neteller sellers but the problem is the current rate is pretty high it's around $67k.

What I think is if he doesn't want to exchange the Neteller funds at that rate his best option is to buy USDT instead of bitcoin.
Look:


The best thing is it's zero fee.

[jerry0]

Okay so the thing is I cannot use binance anymore due to them requiring KYC.  Thus last time I had funds in binance and I had to sell my altcoin for btc and then withdraw to my own btc wallet.


Reason I cannot do KYC to keep using binance is because I'm a US citizen that was basically living abroad all the time.  So back then when I used binance, I only logged in and used it while abroad and thus always with a non US ip address.  I never had to use a vpn since I was abroad.  But since they require KYC not long ago, I had to withdraw my funds.


So based on that, I can't use binance anymore since I can't trade anymore right?  Im confused because people here said you could actually convert neteller USD to btc and then withdraw to your own wallet?


The bisq... can I do that in my situation?


Again i want to convert my neteller USD funds into crypto.  Doesn't matter if its btc or whichever crypto it is.  I also do not want to pay a huge fee... like imagine a 10% fee which would be ridiculous.  Is there a way to pay like 3% or so or even less or is that not possible in my situation?

[SquirrelJulietGarden]

You can use filter from BestChange and find the one you can use
https://www.bestchange.com/

Neteller is one of payment methods on BestChange and there are some fiat currencies for you to choose. BestChange is not an exchange but it gives you filter and list of available exchanges with best rates for you to check and save your research time.

[jerry0]

So I have access to neteller at the moment.  I do see option to buy/sell crypto in neteller.  But I cannot send the crypto I buy to my own btc address?


I heard some countries do allow you to withdraw the crypto to your own wallet.  But I can't do this?  Does anyone have the full list of countries where you could actually withdraw crypto to your own wallet?  Otherwise this would be useless as it would be similar to like paypal.

[Maus0728]

@jerry0

Based on a quick search, you can only send crypto to other people who is also using Neteller and not the way around, which means that withdrawing your BTC to an external wallet like Electrum or any other wallet outside Neteller isn't doable.

You can still send crypto to an external wallet though, but you must have your FIAT ready on your Skrill account, which may be cumbersome to do given that you already purchased your BTC with FIAT.
- https://www.youtube.com/watch?v=B-C95_ljzlk

[wtsimis]

My question is, does anyone know how I can convert my Neteller USD funds into BTC or any crypto in my situation?  Or into Zelle or bank of America?

You can convert your Neteller funds into crypto in the Binance p2p market, although there need high fees. As far I know their rate ratio is like 1:1.03. You can use bestchanger to see the site list of 3rd party exchanger sites where rates are high. You need to pay like 1.03/05 to get 1$ of crypto. You can also exchange them through the marketplace section of Bitcointalk. You can find many vendors who exchange Neteller from crypto. From my view, use Paxful and LocalBitcoins, as you mentioned. These two will provide the best rates. But if you looking for a safe transaction then go for binance p2p.

[jerry0]

Hi.  I can't use binance because I'm American.  Even though I'm outside the US, my documents would be US and they won't accept it.


So is there any other options?  Paxful and localbitcoins charges a huge fee for this.  The thing that has me confused is why are fees this high?  I mean if I have neteller and want btc, why is the fees even more than 3 percent.  I find that even high since if you look at sites like coinbase, they charge one percent or so.

[jerry0]

I found out that I cannot withdraw any btc from neteller to my own crypto wallet.  Neteller support tells me the country that I'm located in and thus registered with... does not allow this option.  I think very few countries allow this option as I read online, its not many countries that support it.  Basically you can buy btc with neteller funds... but the issue is you cannot withdraw the btc to your own crypto wallet... which makes it pointless.



Does anyone have any other options?  The only one seems to be paybis?  But when you factor in the fees... its around 8% total?  That is a lot of fee to pay to convert neteller usd funds to btc.  Certainly there has to be places that allow you to convert for less?  This makes zero sense why it cost this much to convert neteller to btc?



Is there any other options?  Again I'm an American that relocated outside the US years ago and thus have a non US neteller registered account for years that I been using for mainly depositing/withdrawing into gambling sites.  I cannot use binance because I'm an American.  So what options do I have here?  Again I have neteller USD and want to swap it for either boa/zelle or crypto.  I would prefer crypto more.  Now if I could withdraw crypto from neteller, then this would be very simple but I cannot.

[OmegaStarScream]

Do you happen to know how much it costs to withdraw from Neteller to a  Visa card? I can see that it says somewhere between 0 - 7.5% on their website so assuming it's low for you (again, I'm not sure what are the fees based on). I would advise you to order a TransferWise card, withdraw your Neteller funds to that card and then exchange your Wise funds to BTC using a P2P platform. You don't necessarily need someone with a Wise account to trade with, since you'll automatically get a US, EU (SEPA), and UK bank account with Wise.

[jerry0]

What do you mean by visa card?  Any visa card I have whether debit or credit is with my US bank account... thus this would not work.


I heard of transferwise.  Anyone can get that account regardless right?  Again I'm American in another country.  But the issue is I don't think i could withdraw those neteller funds to the transferwise account?


Well if I have a wise account, couldn't i just wire the money to my US bank account then?  Again my issue here is converting the neteller USD funds... into either crypto or US bank account funds.

[OmegaStarScream]

Yes, everyone can create an account and if you want to order the card, you will have to be from the U.S, UK, or EU so you should be fine. Even if you're not currently residing in these countries, you could just send it from someone there, because you just need an address for the card shipping, and AFAIK, proof of residency is not required.

You can then simply link that Visa card to your Neteller card. Withdraw the funds as I said, and then transfer them to your U.S or any other bank account. I can't think of any reason why this wouldn't work for you.