Buy Bitcoin with OKPay
There are a lot of people that use OKPay to purchase Bitcoin. One main purpose is that they might be using OKPay as a Bitcoin wallet. Originally OKPay was just made as a FIAT e-wallet in which you can store different currencies in and send them to anywhere in the world. This became popular a few years ago because it was an alternative to PayPal.
Bitcoin Exchanges that support OKPay
These websites mentioned above are the websites that support OKPay payments and purchases. As you might have noticed, included are trade websites such as LocalBitcoins, Paxful, and Bitsquare. This is because these websites have a ton of sellers that sell their Bitcoin for different payment methods and one of those options would be OKPay.
Advantages in using OKPay to purchase Bitcoin
One clear advantage would be the use of OKPay as a virtual wallet that people can use from in different FIAT currencies and just recently, crypto currencies. I was really wondering why people would use this payment method as we already have PayPal to act as an e-wallet capable of keeping FIAT money. I made an account with OKPay just to make sure that I was not missing something, and this shocked me!
You can actually deposit three types of major crypto currency with them, this would be Litecoin, Dogecoin and Bitcoin. With the screenshot above, this shows that you can use your OKPay account not just to transfer FIAT money, but you can now use it as an e-wallet for crypto currencies. All you need to do is click on the “Create Address” box and you will be provided with a new address for your OKPay wallet.
This is one of the advantages that people see in using OKPay, they are one of the current e-wallet services that has been around for some time now and their reputation of being stable would be the reason why people would use them as wallets for Bitcoins.
There are exchange websites out there that sell Bitcoin using OKPay accounts. There are also trade websites in which sellers would post Bitcoin for OKPay transactions, it would actually depend on which you would need the services for.
Of course, there are also people that are not convinced on how OKPay operates, you can read more about what they say about the service through this link here.
Fees in using OKPay to buy Bitcoin
Transaction fee for internal money transfers between OKPay account holders would be 0.5% with a maximum charge of 2.99 EUR.
It’s more of an option than a choice that you need to decide if you want to use the services of OKPay. There are a lot of e-wallets out there today that can store your Bitcoin, or your FIAT money. But only a handful of those wallets has been accepting crypto currencies and OKPAy would be one of those websites. There are also a lot of reputable wallets that can store your Bitcoin, may it be a hardware wallet or a website. At the end of the day, it would still be an option for Bitcoin traders to use or not. If you already have an account with OKPay, then that is great! If you haven’t got an account yet, try to look at dozens of options that you can choose from.
- Wallet for FIAT and crypto currency
- Alternative for PayPal
- Not all websites accept OKPay
- It is less popular/trusted than most of its counterparts