Payza is excited to announce the release of our newest feature Withdraw Funds by Bitcoin!
With the addition of our newest feature, Payza members can now withdraw funds from their Payza account directly to their Bitcoin wallet. Essentially, this feature gives our members an easy way to buy bitcoins using Payza. This is our first step into the exciting space of cryptocurrency, currency that exists solely in the digital world. At Payza, we’re very interested in Bitcoin and cryptocurrency, and we have big plans to expand the way Bitcoin can be used on our platform.
Using Payza to Buy Bitcoin
With a verified Payza account, you can buy Bitcoin in just three simple steps. If your account is not yet verified, this blog post can help you with the verification process: Payza Account Verification: International Members.
Here’s how you buy Bitcoin with Payza:
- In your Payza account select “Withdraw Funds” on the top navigation bar and then select “Bitcoin”.
- Select the currency (Balance) you wish to use, enter the Bitcoin address for your wallet, and enter the amount you wish to withdraw, then click “Next”.
- Verify the details, enter your Payza Transaction PIN and click “Withdraw” to complete the transaction.
Even though a Bitcoin withdrawal takes 1-3 business days to process, your exchange rate will be locked in at the moment your transaction is created so you don’t need to worry about price fluctuations changing the amount of bitcoins you’ll receive. Note that currently you cannot buy Bitcoin with funds added directly to your Payza account by credit card.
If you are new to Bitcoin, the Coinapult Bitcoin wallet let’s you easily store, send and receive bitcoins using your email address making it a good choice for a first wallet. You can also visit Bitcoin.org for a great tool to help you choose the right Bitcoin wallet.
Update: It is now also possible to sell Bitcoin with Payza. In October, Payza added a Bitcoin Deposit feature making it possible to sell bitcoins and fund your Payza account.