Note: This method no longer works. Because Coinbase in not in the white list of approved partners in Payoneer’s system. Sorry about that. Still you can get a US Prepaid Mastercard that you can use world-wide wherever you wish to.
Buying and selling Bitcoins is getting common these days as you may realize that Bitcoin will change the way of banking system near in future. On internet, there are some uncertain rumors about Bitcoin is going to replace banking system.
But many people are having problems about how to buy Bitcoins who are located in US country side. In this way, I thought to write this article about buying Bitcoins from Coinbase by using Payoneer Debit Card.
Reason why Using Payoneer Debit Card?
Why someone will try to use Payoneer debit card to deposit funds in his Coinbase account, the reason is pretty simple that Coinbase doesn’t offer simple and reasonable payment methods to deposit funds from, it only supports a couple of payment methods, click here to see.
Payoneer’s US payment Service allows Payoneer account holders to receive commercial payments from US based companies, just like anyone with a US bank account.
Here is the details that Payoneer will provide you as your US Payment Service information (Go to Receive Payments → My US Payment Service Profile):
- BANK NAME: Bank Of America
- ACCOUNT TYPE: CHECKING
- ACCOUNT #:0000********4746
- ABA # (Bank Routing Number):0********214
Adding a Bank Account in Coinbase (Payoneer US payment Service)
Follow the steps below:
So, now being any where we can have a US bank account using Payoneer as you can see the information above that can be used to deposit funds in Coinbase account using the first payment method +Add a Bank Account which is only for US resident but since we have Payoneer US payment service we can use it just like anyone with a US bank account.
Now, to link a bank account, you will need to add your US payment service details ( (Go to Receive Payments → My US Payment Service Profile)) and click the button Next.
Maybe you will get an error about routing number could not find. Just tick the box (Yes, I’m sure it is correct, Please continue). A screenshot about the error is given:
Once you done this process, your American bank account will be added to your Coinbase account here is the screenshot for more elaborative guide (Just click the Verify button):
Now, on clicking the Start Deposit Verification button, Coinbase will make two small deposits between $0.01 and $0.99 into your bank account (and one debit for the combined amount). In 2-3 days these amounts will appear on your transaction history. You will need to come back to Coinbase and verify the amounts of two deposits (from transaction history) to complete verification.
Coinbase will send you a reminder email in two days to check your account.
Once you done all above steps carefully, just wait for 2-3 business days to update your Payoneer transaction history. Once your account got verified start adding funds from Payoneer to Coinbase account and buy Bitcoins so easily.
Final thoughts, I did this process to add up a bank account in Coinbase without living in US after all Payoneer card provides US payment service to all around the world.