Buy Bitcoin with Wise – Where & How To Buy Crypto With Wise

Wise doesn’t allow sending money to any crypto related business.

“You can’t send money to a cryptocurrency platform. 
You can receive money to your Wise account from a platform that deals with cryptocurrencies — as long as the platform is regulated and/or supervised in the EU or UK.”

This means you can cash out from any of the exchanges like Kraken, eToro, Uphold or Coinbase. But you can’t currently buy directly from the crypto exchanges only (Kraken or Coinbase); but you can deposit into multi-asset brokerages eToro or Uphold from Wise. The account, however, needs to be in your name on the brokerage platform.

There is another workaround; by trying to use one of the P2P platforms listed below (most popular are Noones P2P or Kucoin P2P). Depending on what the sender puts into the payment description, the payment might not go through. So, make sure to put something non-crypto related as a payment reference in your Wise app (for example gaming codes). This way, you can navigate the Wise to Binance or Wise to crypto process more effectively.

The most secure to keep your cryptos is by using cold storage wallet.

Can I buy crypto with Wise?

Let’s have a quick look at the 3 best options to buy digital currency with Wise and then we will have a more thorough look at these and some of its competitors.


Paxful replacement, former Paxful users integrated directly into the platform
No fees for buyers, 1% fee for sellers
More than 400 payment methods
Safe escrow service with fast customer support
Disclaimer text….

Kucoin P2P

Low fees (no fees for buyer and 0.1% fee for seller)
No transaction limits
No minimum deposit
Safe and fast transactions

Binance P2P

Support for more than 70 local fiat currencies
Low fees (0% for takers and 0%-0.35% for makers)
More than 700 payment methods

How to Buy Bitcoin with Wise?

1. Open an Account with Wise

Institutional Investors are also welcomed to Wise if they are into blockchain technology.

2. Choose a Bitcoin Platform

But always make sure the platform lists Wise as the payment option. Fortunately, most do.

3. Type the Amount of Bitcoin to Buy

4. Select a Bitcoin Dealer

5. Ask for the Dealer’s IBAN

Now that you’ve made sure the sellers accept Wise, ask for his IBAN so you can transfer the amount to their bank account.

6. Go to Transferwise Website or Application

Now go back to your Wise account and set up your payment by entering the amount and the seller’s IBAN

7. Send the Amount

First, enter the seller’s details. So their name, address, bank account details,  how they want to pick their money, and other information. And choose how to fund the purchase, be it credit, debit card, or bank transfer.

Where to Buy Bitcoin with Transferwise?

KuCoin’s P2P marketplace allows users to purchase and sell cryptos, including BTC, ETH, LTC, and more. Just like other P2P exchanges, KuCoin P2P also accepts a wide variety of payment methods. Using fiat currencies like USD, EUR, GBP CAD, IDR, AUD, etc., customers can acquire crypto on the platform from other users. There are a bunch of payment options to choose from, including PayPal and Payoneer, as well as bank transfer and other options.

In order to use Kucoin P2P marketplace, you need to bind a phone number and do a KYC process.


  • No fees
  • Exchange crypto with fiat, credit/debit card, or digital asset
  • A lot of listed coins
  • Beginner-friendly


  • The exchange is centralized.
  • Not regulated

Visit Kucoin Now

Binance P2P

Binance is one of the biggest crypto exchanges on the market. Made for experienced traders and rookies alike. In 2021, they launched their own P2P marketplace where you can trade digital assets directly with other Binance users.


  • Among the most trustworthy crypto exchanges
  • High volume exchange
  • Very low fees
  • A wide array of crypto pairs


  • Binance is not regulated, consequently its P2P marketplace is neither
  • Lack of riskier small-cap gems
  • The exchange is centralized

Visit Binance Now

Regulated & high liquidity
Buy Bitcoin with Wise – Where & How To Buy Crypto With Wise


👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, EUR, GBP + more

eToro is a versatile trading platform that provides users with access to a range of financial instruments, including stocks, ETFs, cryptocurrencies, and CFDs. The platform charges a transparent 1% fee for cryptocurrency transactions, with no fees for ETFs and stocks, although ETFs may have their own internal costs. Forex and CFD fees are competitive, and eToro offers free stock and ETF trading.
More info +
Regulated & high liquidity
uphold exchanges


👛 Ease of Use – Easy
👛 Fees – Low
👛 Verification – 1 Day
👛 Reputation – Trusted
👛 Supported fiat – USD, GBP, EUR + more

Launched in 2015 in New York, Uphold represents an exchange platform that supports crypto, precious metal, US equities, Forex trading, and commodity trading.
Uphold has gained popularity through its Anything-to-Anything feature that enables users to trade different types of assets. There are more than 50 cryptos supported, including majors, alt-coins, stablecoins, and emerging tokens.
More info +


Paxful Website Homepage

The platform is used to buy and offer Bitcoin at a specific price not bound to market fluctuations.


  • Top-notch Security
  • A lot of payment methods
  • Simple user interface (UI)
  • Wide variety of sellers


  • Sometimes fees are very high
  • If you’re not careful, you risk getting scammed

Visit Paxful Now

LocalBitcoins Website Homepage

LocalBitcoins is a P2P bitcoin trading platform where buyers of sellers can list their Bitcoin offerings.

Like Paxful, on LocalBitcoins, vendors can create offers in all digital currencies and enjoy the benefits of a P2P exchange.


  • Available all around the world
  • A diverse selection of buyers and sellers
  • Has many payment methods
  • Buyers receive bitcoins fast
  • All transactions are private


  • There isn’t much diversity as the only Bitcoin is offered
  • Both sellers and buyers have a chance of being scammed.

Visit LocalBitcoin Now



  • Completely decentralized
  • Anonymous
  • It does not require identity verification
  • Accepts Fiat payment method


  • It’s only been on the market since 2016

Currencies Supported For Sending And Receiving Money

Clients can use the following FIAT currencies for sending and receiving money on Wise:


Countries You Can Send Money To With Transferwise

TransferWise customers can send and receive money to bank accounts in the following countries: Argentina, Australia, Bangladesh, Benin, Brazil, Bulgaria, Burkina Faso, Canada, Chile, China, Colombia, Croatia, Czech Republic, Denmark, Egypt, Europe, Georgia, Ghana, Guinea-Bissau, Hong Kong, Hungary, India, Indonesia, Israel, Ivory Coast, Japan, Kenya, Liechtenstein, Malaysia, Mali, Mexico, Morocco, Nepal, New Zealand, Niger, Nigeria, Norway, Pakistan, Peru, Philippines, Poland, Romania, Russia, Senegal, Singapore, South Africa, South Korea, Sri Lanka, Sweden, Switzerland, Thailand, Togo, Turkey, Ukraine, United Arab Emirates, United Kingdom, United States (Bank of America), Uruguay, Vietnam, and Zambia.


If you invest with Transferwise, please remember to always trade responsibly. And don’t invest more than what you are willing to lose. Now, good luck!

In case you are looking for different ways to buy Bitcoin, read the guide below:

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Felix Küster
Felix Küster

Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.

  1. Well,

    I have opened an account with Wise and they have stated in no uncertain terms they DO NOT allow any transfers to any crypto exchange.
    They will however accept money from an exchange
    So now what?
    Any other advice? A work around??

  2. Hi Sassandra, Wise say that if you want to receive any money from an exchange that the Exchange has to be regulated.
    The P2P approach may be a work around going by the excerpt from the Wise docs: This is the part of the doc where they say what you can’t send money to: “Companies involved in the exchange or trading of cryptocurrencies, or any other virtual currencies.
    Including payments for the purpose of purchasing cryptocurrencies”
    If the P2P service is offering an intermediary for the funds like I think LocalCoinSwap does then I wonder if that will show as the receiver rather than the seller…

  3. Can you create one of these on how to receive crypto to Wise?

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