Payza and cryptocurrencies have had an exciting ride together. Earlier this year, we unveiled new Bitcoin options including full Bitcoin e-wallet support, allowing you to send, receive and hold Bitcoins with Payza. We also introduced our first altcoin feature that allowed you to sell altcoins to Payza. Today we are excited to announce the next step on our journey by introducing our newest feature: Altcoin Withdrawals.
In June, we announced that members in most countries can sell dozens of altcoins to Payza, such as Ethereum, Ripple, Litecoin, Dash, Zcash, and many more. Now we are taking this one step further – you can now also buy altcoins with Payza, which completes the altcoin exchange. Dozens of different altcoins can be exchanged with Payza. Find the full list under the altcoin deposit option within your Payza Account.
This new option lets you use your Payza account as an intermediary when you want to exchange one altcoin for another. In this first release, you will still need to convert to USD when selling altcoins, but our team is already working on options that will allow you to convert directly from one cryptocurrency to another!
While Payza members are already able to hold Bitcoin in their e-wallet, you will need your own external wallet to hold your altcoins purchased through Payza. However, we are developing products to allow you to hold altcoins within your account. Our team of developers is already working on an option that will allow Payza members to hold the popular altcoin Dash within their Payza e-wallets.
Payza’s goal is to provide our members with a simple and affordable way to interact with cryptocurrencies. We’re excited about the potential of this new technology and want to share our excitement with as many people in as many places as possible, by providing a service that’s easy to use for people who are just getting started with cryptocurrencies. That doesn’t that mean our services are just for beginners though, experienced cryptocurrency enthusiasts will also appreciate our range of services and competitive pricing.
If you’re ready to buy altcoins with Payza, here are the instructions to help you get started:
Using Payza to Buy Altcoins
How to buy altcoins with Payza
- In your Payza account, click “Withdraw Funds” in the top menu.
- Select “Altcoin”.
- Select the currency balance to withdraw from, and select the altcoin you’d like to buy.
- Enter the amount to withdraw and the Altcoin Wallet address in the appropriate fields.
- Click “Next”.
- Enter your Transaction PIN, review the transaction details, and click “Withdraw”.
Note: Because of the irreversible nature of cryptocurrency transactions, it is very important to ensure that you have entered the correct wallet address. It may not be possible to recover altcoins sent to an incorrect wallet address.
If you enter an invalid address, our system will detect it and an error message will appear.
There is no extra fee to make an altcoin withdrawal. The exchange rate we show is an estimate and the final price will be settled once the withdrawal is completed. These withdrawals may take up to 3 business days to process, but in many cases, they will be completed in less than an hour.
Note that you cannot buy altcoins with funds added directly to your Payza account by credit card, as this would equal a cash advance which is against Payza’s User Agreement.
Here is the current list of altcoins available to buy and sell using Payza:
*This list has been updated on February 20, 2018.
Altcoins Available for Payza Exchange
As the popularity of cryptocurrencies grows, so are Payza’s cryptocurrency features and services. At Payza, we are committed to giving our members a complete online payments solution, which means incorporating Bitcoin and other popular cryptocurrencies into our platform.
By providing our members with a way to not only sell but also buy altcoins with Payza, we’ve taken one more step in the direction of complete Bitcoin and altcoin support within the Payza platform.
Here are the other cryptocurrency services and features already offered by Payza:
- Buy, sell, and hold Bitcoin: How to Use Payza’s New Bitcoin Features: Exchange, Add, Withdraw, and Send Bitcoin with Payza
- Bitcoin payment option, that lets merchants accept Bitcoin as payment for their products or services: Payza Now Lets You Pay And Get Paid Using Bitcoin!
- Altcoin deposits: Exchange Ethereum, Ripple, Litecoin and More: Sell Altcoins to Payza
- The Cryptocurrency Address Manager, that lets you generate multi-use Bitcoin addresses: Payza Introduces Cryptocurrency Address Manager for Easy Bitcoin Transfers.