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Last Update May 25th, 2020. Western Union is one of the oldest and most reliable money transfer services available in the world today.

Western Union is also a popular payment method for buying and selling bitcoin in large amounts.

There are two person-to-person marketplaces that accept Western Union as a payment method. They are Paxful and LocalBitcoins.

Where To Buy Bitcoin With Western Union

 CompanyFeesCountries Supported
Paxful Icon Resized
Paxful

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


Free, 1% to advertisersAll countries

2 Ways To Buy Bitcoin With Western Union

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

LocalBitcoins

LocalBitcoins Homepage

Rating:

Website:localbitcoins.com
CEO:Sebastian Sonntag
Headquarters:Helsinki, Finland
Founders:Nicholas Kangas, Jeremias Kangas
Founded:2012
Customer service:Knowledge Base
More information:Read Review

LocalBitcoins is a person-to-person bitcoin trading platform that specializes in connecting buyers and sellers.

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

Pros

  • Available in every country of the world
  • A diverse selection of buyers and sellers
  • Supports many payment methods
  • Buyers get their bitcoins fast
  • Private

Cons

  • Lack of cryptocurrency diversity
  • Both sellers and buyers have a chance of being scammed.

ReputationFeesPrivacyLimits
ExcellentLowHighHigh

What Is Western Union?

Originally a well-known telegraph service company in the 19th century, Western Union is now one of the largest financial services companies in existence. Customers can securely send and receive money in large amounts using a variety of methods through the Western Union payment network.

How Western Union Works

How Does A Western Union Money Transfer Work?

Western Union provides all of the tools needed for you to reliably track your money transfers online or with the mobile app.

  1. Select where you want to send money
  2. Choose how you want to pay
  3. Send money to the desired recipient or individual
  4. Track your money transfer with MTCN number

Where Is Western Union Supported?

Western Union can be used in every corner of Earth to send and receive money. In addition to the mobile app, available on both iOS and Android, customers can also locate a friendly Western Union agent that will accept their local fiat currency on request.

Use the agent locator to find one in your local area: https://www.westernunion.com/us/en/agent-locator.html