Last Update June 1st, 2020. China UnionPay, also known as UnionPay, is the largest card payments network and mobile banking service in the world.
UnionPay provides secure, cross-border payments to users worldwide and is also a popular method of payment for buying and selling 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
| Company | Fees | Countries Supported | |
|---|---|---|---|
| Free, $5 withdrawal fee Your Capital is at risk. | Worldwide | ||
| Free, 0.1% to 5% for sellers | Every country except for a few (see banned countries) |
Table of Contents
How Can I Buy Bitcoin With UnionPay?
If you want to buy bitcoin using UnionPay then you have to find a reputable exchange or marketplace that will let you do it.
How To Buy Bitcoin With UnionPay On Etoro Summary
- Create an account with Etoro.
- Verify your account.
- Connect your bank account and fund your trading portfolio.
- Go to ‘Bitcoin’ and select the amount you want to buy.
- Bitcoins are added to your Etoro portfolio.
That’s it! You have successfully purchased bitcoin with UnionPay as the payment method.
2 Ways To Buy Bitcoin With UnionPay
Etoro
| 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, e-wallet (PayPal, Skrill, or Neteller), or bank card, 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
| Reputation | Fees | Privacy | Limits |
|---|---|---|---|
| Excellent | Low | High | High |
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 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.
Cryptocurrencies are a highly volatile unregulated investment product. No EU investor protection.
eToro USA, LLC does not offer any CFDs and makes no representations and assumes no liability for the accuracy or completeness of the content of this publication, which was created by our partner using publicly available, non-company specific information about eToro.
Paxful
| 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
| Reputation | Fees | Privacy | Limits |
|---|---|---|---|
| Excellent | Low | High | High |
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. China UnionPay is increasingly accepted by merchants overseas and worldwide.
The UnionPay App is available for both iOS and Android devices.
Where Is UnionPay Available?
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 United States.