How to buy Bitcoin with Paysafecard: 16-digit PIN & exchanges

Among all cash vouchers sold in Europe, the United Kingdom, North America and Australia, Paysafecard (part of the Paysafe Group, alongside Skrill and Neteller) is the giant of the industry, with more than 650,000 retail sales outlets. Unlike Neosurf or Flexepin—which have almost zero direct integrations at regulated crypto brokers—Paysafecard actually has an official, documented integration at Paybis. At the same time, major exchanges like CEX.IO, Coinbase, Kraken and Binance do not accept 16-digit Paysafecard PINs at all. This guide explains the three different ways Paysafecard works, where you can legitimately use it to buy Bitcoin, why it is never a no-KYC loophole, and how its fees compare with ordinary debit cards and bank transfers.

The short answer on buying Bitcoin with Paysafecard

Yes, you can buy Bitcoin with Paysafecard in supported countries, but only if you understand three strict rules:

1. Only specific brokers integrate Paysafecard directly: Paybis is the primary regulated crypto platform we verified that publishes a dedicated Paysafecard checkout guide. Mainstream order-book exchanges (CEX.IO, Coinbase, Kraken, Binance) do not accept Paysafecard PINs.
2. Identity verification (KYC) is mandatory: You cannot buy Bitcoin anonymously with a paper Paysafecard slip on a regulated platform. Both the crypto broker and (for higher amounts) your `myPaysafecard` account require government ID verification.
3. Voucher fees are much higher than bank or debit rails: Because Paysafe charges merchants a steep processing fee on cash vouchers, buying Bitcoin with Paysafecard typically costs 8% to 15%+ in combined fees and spread, compared with 0% to 3.99% via SEPA, Faster Payments, ACH or a personal debit card.

Three different Paysafecard products: PIN vs myPaysafecard vs Paysafecard Mastercard

Before trying a checkout, distinguish between the three tiers of Paysafecard:

If you hold the third option—the reloadable Paysafecard Prepaid Mastercard in Europe—it runs on standard Mastercard rails rather than 16-digit voucher rails, meaning it follows the rules in our prepaid Mastercard Bitcoin guide.

How the official Paysafecard checkout works on Paybis

As we noted in our main Visa gift card guide and our exchange policy tracker, Paybis’s help center documents a direct integration for Paysafecard:

Keep two practical points in mind before buying a Paysafecard slip at a shop for this purpose:

• Check country availability inside your account first: Paysafecard availability for crypto merchants varies by country and local regulation (for instance, US Paysafecard tickets issued by The Bancorp Bank, N.A. are closed-loop gaming/entertainment tickets that are much more restricted than European Paysafecard e-money vouchers). Always log in to the broker and check whether “Paysafecard” appears on the payment method drop-down for your country before you spend cash on a non-refundable paper voucher.
• Leave room for fees: Your voucher balance must cover the Bitcoin purchase amount, the broker’s service fee, the Paysafecard payment processing fee, and the Bitcoin network delivery fee.

Why a cash voucher still requires ID verification for Bitcoin

Buying a Paysafecard with cash at a supermarket is anonymous, but converting that voucher into Bitcoin on a regulated broker triggers mandatory anti-money-laundering KYC checks.

How major crypto exchanges treat Paysafecard

Why Paysafecard is not a “no-KYC Bitcoin” loophole

Many people search for Paysafecard because they hope to turn physical cash into Bitcoin without verifying their identity. Under the European Union’s Fifth Anti-Money Laundering Directive (AMLD5) and UK Electronic Money Regulations, anonymous prepaid e-money instruments are capped at €150 maximum stored value and €50 per online remote payment transaction—and regulated Crypto-Asset Service Providers (CASPs) must verify every customer’s identity regardless of payment amount. Read our no-KYC crypto cards page for the full legal breakdown.

Step by step: the smart way to buy Bitcoin if you use Paysafecard

1. 01
   1. Check if Paysafecard is listed for your country BEFORE buying a voucher

   Log in to your verified Paybis account first and confirm Paysafecard appears as an active payment option in your jurisdiction.

2. 02
   2. Compare the total voucher fee against a debit card or bank transfer

   Look at the final BTC amount quoted for Paysafecard versus a personal Visa/Mastercard debit card or SEPA/bank transfer. Voucher rails almost always cost 2x to 4x more in processing fees.

3. 03
   3. If you haven’t bought the voucher yet, deposit cash into your bank instead

   Put the cash into your personal checking account (or a free neobank debit card) and buy Bitcoin via SEPA (Europe), Faster Payments/Open Banking (UK), or ACH/debit card (US).

Cheaper alternatives to Paysafecard by region

If you want more Bitcoin for your money, use a regulated exchange that supports direct card and bank rails:

• United Kingdom: Use a GBP Visa/Mastercard debit card, Apple Pay, Google Pay or Open Banking. See our UK crypto cards guide.
• Europe (EU / EEA): Use SEPA bank transfers or an EEA bank debit card. See our Europe and Germany guides.
• United States: Use a personal debit card (Chime, Varo, OnePay, Upgrade) or domestic ACH. See our USA guide.

For buyers using a personal Visa or Mastercard debit or credit card, Apple Pay, Google Pay or bank transfer, CEX.IO has operated since 2013, is registered with the UK FCA under the Money Laundering Regulations (FRN 1007192) and with FinCEN in the US (MSB NMLS 1804170, licensed in ~39 US jurisdictions excluding NY and CA). Note that CEX.IO does not serve Canada or India, and EEA visitors currently see a MiCA service notice. Also see how you can buy a prepaid card or voucher with crypto.

Frequently asked questions

Sources and official pages

1. Paysafecard UK — Official Prepaid Code Overview
2. Paysafecard US — PIN Balance Check & Bancorp Disclosures
3. Paybis Help — How to pay with Paysafe Card
4. Paybis Help — Credit and debit card policies
5. CEX.IO Support — Payment Methods at CEX.IO
6. Kraken Support — Debit or credit card purchases with Visa and Mastercard

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