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Last Update April 7th, 2020. China UnionPay, also known as UnionPay, is the largest card payments network and mobile banking app in the world. UnionPay provides secure, cross-border payments to users worldwide and is a popular method of payment for purchasing bitcoin.

If you are buying or trading bitcoin in high volumes with China UnionPay our recommendation is to use Etoro or Paxful for your trading needs.

Where To Buy Bitcoin With UnionPay

 CompanyFeesCountries Supported
Etoro Icon Resized
Etoro

Free, $5 withdrawal feeWorldwide
Paxful Icon Resized
Paxful

Free, 0.1% to 5% for sellersEvery country except for a few (see banned countries)

2 Ways To Buy Bitcoin With China UnionPay

Etoro

Etoro Crypto Trading Homepage

Rating:

Website:etoro.com
CEO:Yoni Assia
Headquarters:London, United Kingdom
Founders:David Ring, Ronen Assia, Yoni Assia
Founded:2007
Customer service:Knowledge Base

Etoro is a multi-asset platform that offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Since 2007, Etoro has been democratizing traditional money management in order to open the financial markets to everyone, everywhere.

Deposits may be made via online bank transfer, wire transfer, bank card or e-wallet (Skrill, Neteller, or PayPal) and the minimum deposit amount is $50. Customers may withdraw funds from their Etoro account at any time, and without fees from the platform (though charges from your bank may apply).

Etoro accepts deposits in USD, EUR, GBP, JPY, AUD, RUB, CNH, and CAD.

Pros

  • Diverse selection of markets
  • Excellent reputation
  • User-friendly interface
  • Great customer support
  • Low fees

Cons

  • Bitcoins can only be withdrawn in the form of fiat currency

Disclaimer: 75% of retail investor accounts lose money when trading CFDs


ReputationFeesPrivacyLimits
ExcellentLowHighHigh

Paxful

Paxful Homepage

Rating

Website:paxful.com
CEO:Ray Youssef
Headquarters:New York, New York
Founders:Ray Youssef, Artur Schaback
Founded:2015
Customer service:Knowledge Base
More information:Read Review

Paxful is a person-to-person marketplace that supports over 300 payment methods.

Paxful gives vendors the ability to create offers in all currencies.

Pros

  • Escrow system
  • Security
  • Diverse payment methods
  • Simple user interface (UI)
  • Wide variety of sellers

Cons

  • Buyers and sellers are at risk of being scammed

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

What Is UnionPay?

Founded in 2002, UnionPay offers mobile and online payments for over 200 million users across the globe and is the world’s largest card network with more than 7 billion cards issued. UnionPay is increasingly accepted by merchants overseas and worldwide.

What Countries Does UnionPay Support?

UnionPay is supported in over 178+ countries around the globe including China and major travel destinations like Hong Kong, Macau, Japan, Southeast Asia, United Arab Emirates, Australia, New Zealand, Russia, Europe and the United States.