Originating from Russia, QIWI Wallet has piqued the interest of many, prompting questions like “Is QIWI safe?” and considerations regarding its utility in purchasing cryptocurrencies.
This article aims to explore the functionality of QIWI Wallet, its safety, and how one can seamlessly buy Bitcoin with QIWI, offering insights for both novice and experienced traders in the crypto domain. Whether you’re assessing the security aspects of QIWI or exploring its potential to facilitate your Bitcoin acquisitions, we’ve got you covered with comprehensive insights.
| Topic📱 | Description |
|---|---|
| QIWI Wallet 🇷🇺 | QIWI is a Russian mobile payments app allowing users to make instant transfers and pay bills via text messaging. It offers a free app and a premium version with additional features like international transfers and a loyalty program. It is not a Bitcoin wallet but can be used to purchase Bitcoin. |
| Binance P2P 🔄 | Binance P2P allows secure transactions of six cryptocurrencies using over 150 payment methods, including QIWI. It has seen a rising popularity with $7 billion in transactions in the last year. |
| CEX.IO 🌐 | CEX.IO is a multifunctional cryptocurrency exchange allowing users to buy Bitcoin with various deposit methods, including QIWI. It offers instant deposits and withdrawals with 24-hour customer support. |
| Paxful 💳 | Paxful simplifies the process of purchasing Bitcoin by allowing transactions directly between users. It has partnered with QIWI to provide customers the ability to buy bitcoins with QIWI cards. |
| Buying Process 🛒 | To buy Bitcoin with QIWI, users need to register on a platform like Paxful, verify their identity, pick an offer that lists QIWI as a payment method, and send crypto to the seller once the QIWI payment is made. |
What you'll learn 👉
What Is Qiwi? Is Qiwi safe?
Qiwi is a Russian mobile payments app that allows users to make instant transfers and pay bills via text messaging. Founded in 2017, the company offers a free app and a premium version that includes additional features such as international transfers, bill payments, and a loyalty program. Both versions are available for iOS and Android devices.
As of today, there are more than 20.3 million active customer accounts. Consumers may safely pay more than 10,000 merchants with Qiwi Wallet.
Users of Qiwi Wallet have access to Visa products that are widely accepted and secure. Additionally, a virtual or actual prepaid card can be instantly attached to the Qiwi account. Then, you can use it to make purchases at merchants that accept Visa all over the world.
Where to buy bitcoin (and other cryptos) with Qiwi?
Russian traffic over peer-to-peer markets does not seem to be affected much by “sanctions”. However, that could quickly change and Qiwi and other payments related to Russia could be suspended or banned and anyone who dealt with their institutions could be under investigation.
Binance P2P
Binance P2P, which was launched in late 2018, enables users to conduct secure transactions. Six cryptocurrencies are currently supported for exchange: BTC, ETH, BNB, BUSD, DAI, and USD. Additionally, customers can purchase them using more than 150 payment methods and 55 different local currencies.
The popularity of this Binance sub-platform is rising. Binance P2P alone saw a staggering $7 billion in transactions just last year. Daily volumes of 3.8 million orders have reached a startling $54 million. Since 2019, the number of users on Binance P2P has multiplied seven times. proving once more that it is a pioneer in the crypto exchange sector. Qiwi has partnered with Binance for the same reasons as with Paxful.
CEX.IO
Cex.io is a multifunctional cryptocurrency exchange that is trusted by over one million customers worldwide and allows users to buy Bitcoin with a credit card or Debit Card seamlessly.
The site offers multiple deposit methods, including Qiwi, SWIFT, SEPA, Faster Payments, and ACH. Deposits are processed within minutes, and withdrawals go live instantly.
24-hour customer support is offered via email and phone.
Paxful
Buying BTC directly from exchanges is often complicated and expensive. Paxful simplifies the process of purchasing bitcoin by allowing you to purchase BTC directly from other crypto users. You simply find the best price offered by sellers on the Paxful marketplace, complete the transaction, and Paxful takes care of the rest.
To make transacting even easier, Qiwi partnered with Paxful to provide their customers with the ability to buy bitcoins with Qiwi cards. Now, you can easily buy BTC with a Qiwi card, making it simple to start investing in cryptocurrency.
How to buy bitcoin (and other cryptos) with Qiwi?
The first step is to create an account on the platform you wish to use. You can make it on Paxful, Binance, or CEX.io, and for the purpose of this article, we will explain how to buy it on Paxful.
Register on the chosen platform
You will, first and foremost, need a Paxful account. Sign up process is easy and quick.
Verify your identity
Before continuing, please ensure that your phone number and email address are accurate. Your trade and wallet send-out limits are raised to $10,000 USD each after ID verification. Log into your Paxful account and click the arrow next to your profile image on the right. You will be transported to the verification screen after tapping the “Verify Me” button.
Pick an offer that has Qiwi as a listed payment method
After your account has been verified, go to the Paxful homepage widget and choose “Bitcoin” as the coin you wish to buy. Qiwi should be selected as the payment method. When you click “Find Offers,” a page of reputable Paxful sellers will load. To get more relevant results, you can add other filters like “Location” and “User Type” filters.
When you click the “Buy” button on an offer, the vendor’s offer page with terms and conditions will appear. Repeat this procedure for every request until you find the greatest match for you. Checking if the vendor accepts a third-party account to transmit the payment is one of the details you could want to look into. Some vendors also state whether they buy trades from accounts that are not confirmed.
Send crypto to the seller once your Qiwi payment lands
Then, transfer the necessary funds from your Qiwi account to the seller’s Qiwi wallet after fulfilling all the vendor’s requirements. Take a screenshot of the receipt as verification, and don’t forget to do so. Send the vendor a screenshot, then mark the transaction as “Paid.”
Give the seller enough time to confirm the payment; after that, they’ll release your BTC into your Bitcoin wallet through Paxful’s secure escrow service.
FAQs
Yes, you can buy Bitcoin with Qiwi. The best places are Paxful, Binance P2P, and Cex.io.
No, Qiwi is an online digital wallet for fiat currencies. Launched at the end of 2017, the Qiwi Wallet is a Russian electronic payment system and credit card processor. Despite the fact that Russian banks are hostile to bitcoin, Qiwi intends to create its own cryptocurrency.
Although some US businesses might accept Qiwi as a form of payment, Americans cannot register an account with the company.
