Fortunately or unfortunately, there has been a bit of a divide between crypto exchanges and traditional banking. It seems that many platforms – including e-wallets – either go for one or the other.
As consumers, that’s been a little annoying – especially for those who want a one-stop-shop. The good news is that at least in Canada, Neteller and cryptocurrency have formed a harmonious blend where you can still send payments the traditional way, but also buy and use crypto on their platform.
While this is going to make Neteller more popular in the traditional communities, this is particularly useful to online casino and sports players. It really does make your life much easier due to its convenience.
Neteller's Bold Leap into Cryptocurrency - What You Need to Know
Neteller has long been a successful e-wallet, but in North America, it’s mostly been used by those looking for sports betting or playing in a casino. In the traditional e-wallet space, they lost a lot of market share to PayPal over the years and with Skrill.
However, as those two have somewhat dragged their feet with crypto and Neteller saw the opportunity to move in. As a result, those in the casino space have really enjoyed the new product. Not only can you buy, invest and sell cryptocurrency, you can also use Neteller for other purchases and transactions online.
You have the option to put money into your account through traditional banking methods and go in a number of directions. Neteller has morphed from being an on-ramp for the gaming community to an on-ramp for gaming, crypto and much more.
PayPal and Skrill lag behind in Canada
A lot of people are happy with PayPal and use it for online purchases. However, in Canada, they have been really slow to move on cryptocurrency and that’s left a community of users looking for a solution. As for Skrill, they have slowly transitioned to crypto, but they have also been moving at a snail’s pace and now are further behind in terms of what Neteller can offer.
Neteller now competes in the e-wallet space and also in the crypto exchange space. They’re not an exchange themselves, but partner with exchanges to bring you the opportunity. Would you use it over Kraken or Coinbase? Maybe not, if you’re solely focused on cryptocurrency.
Neteller does have some variety – they have over 40 different assets – but it’s a far cry from the nearly 300 that Kraken and Coinbase offer. If you’re looking for a one-stop-shop that does a bit of “column a” and a bit of “column b”, Neteller is one of the best options. Canadian casino players have been really satisfied with the change, and many others will be, as well.
Over 40+ Assets You Can Find on Neteller
Neteller currently has just over 40 different assets and they’re constantly working to add more. You can obviously buy these and use these for crypto gambling sites or simply buy these tokens to use as a method to send (deposit) and receive (withdraw). It can help minimize fees.
Check out the full list of options available to you:
- Aave
- Ankr
- AVAX
- AxieInfinity
- Balancer
- Bitcoin
- Bitcoin Cash
- Cardano
- Celo
- Chainlink
- Compound
- Curve
- Dfinity
- Decentraland
- Dogecoin
- EOS
- Ethereum
- Ethereum Classic
- Graph
- Litecoin
- Loopring
- Maker
- NuCypher
- OMG Network
- Orion Protocol
- Polygon
- Shiba Unu
- Skale
- Solana
- Stellar Lumens
- Synthetix
- Tezos
- Uniswap
Traditional Neteller vs. Crypto
If you’re wondering about the split of features between Neteller’s traditional features and the new crypto offering, here’s a look at what each side brings to the table.
Traditional | Cryptocurrency |
Use Where credit or debit might not work | Buy, sell, send, and receive crypto |
No fee Interac deposits | More than 40+ assets |
Spend your money on thousands of sites | Automate trades |
Withdraw at ATMs worldwide | Manage your portfolio |
Neteller Skyrockets to the Top of the Payment Industry
For many in the crypto casino or just regular online casino space, Neteller is an old school name that had been fading. They’ve given themselves new life by adding this crypto angle and giving players (and just online users in general) a one-stop-shop e-wallet with crypto access. It’s a smart move by them.
If you’re a player, it’s time to fire up your old Neteller account and go see what’s new. They’re now one of the more useful e-wallets whether you’re looking for regular online transactions or something in the crypto space.