Bitcoin & Cryptocurrencies | Neteller VIP Program Update

Neteller VIP terms update. Buying Bitcoin & other cryptocurrencies?

April 27th 2019

Neteller VIP terms update. Buying Bitcoin & other cryptocurrencies?

Buying Bitcoin with Neteller? Important VIP terms update

As of 25th April 2019, all cryptocurrency transactions will now count as transfer volume on your account and contribute towards the threshold required to improve or maintain your VIP status.

The transfer volume required to achieve a certain level has not changed in general. The only change we are notifying you about is the fact that when you purchase cryptocurrencies with your Neteller account such as buying Bitcoin with Neteller, this purchase will now count as transfer volume in addition to regular transfers to merchants.

For example, to achieve Bronze VIP, you need to transfer at least $10,000 in a calendar year to guarantee your Bronze VIP period for the current and the next year.

To clearly explain, lets take the following example:

  1. In April 2019, you sign up to Neteller and transfer $10,500 to various sportsbooks and casinos such as Smarkets, Titan Casino, Leo Vegas etc. Your Neteller account would then be upgraded to Bronze VIP and you will have guaranteed the Bronze VIP status until 31st December 2020
  2. In May 2019, you buy $40,000 BTC (Bitcoin) with Neteller. Your total transfer volume would now be $50,500 ($10,500 to sportsbooks/casinos + $40,000 BTC purchase). Your Neteller account would now be upgraded to Bronze Pro VIP status and you would have guaranteed your Bronze Pro VIP period for the current and next year (up until 21st December 2020)
  3. The key difference which has been implemented by Neteller is that previously, the $40,000 BTC purchase would NOT have counted towards your total transfer volume and you would therefore remain Bronze VIP and have a total transfer volume of $10,500 counting towards your VIP level whereas with the new terms implemented, it will count, and you will be upgraded to the next VIP level.

Which transfers contribute to Neteller VIP transfers?

  • Transfers to merchants such as depositing to bookmakers, casinos, poker sites, forex sites etc
  • Buying all cryptocurrencies such as Bitcoin and Ethereum.

Which transfers do not contribute to Neteller VIP volume?

  • P2P transfers – transfers from one Neteller account to another Neteller account
  • Deposits into your Neteller account from your bank account, Visa etc
  • Withdrawals from your Neteller account to your bank account, card etc
  • Purchases made using your prepaid Mastercard

You can find more detailed information about Neteller reward points and more general Neteller VIP program information on our site

Important information
  • You do not receive any cashback from eWalletBooster for buying Bitcoin with Neteller (or any other cryptocurrency)
  • Find our more detailed review of Neteller VIP levels to help you understand how the VIP program works and how you can benefit from being a Neteller VIP.
  • When you buy Bitcoin with Neteller, or any other cryptocurrency, Neteller charge between 1.5 – 3% fee for buying or selling cryptocurrency. The fee depends whether your Neteller base currency is EUR, USD (1.5%) or any other currency (3%).
  • Become an instant Neteller Bronze Pro VIP with $0 transfers required, when you register your Neteller account via eWalletBooster

Please remember that if you register your Neteller account via eWalletBooster you will receive the following benefits:

  • Fast-track verification
  • Free Bronze Pro VIP Upgrade – Including benefits such as multi-currency accounts (allowing you to reduce your crypto fees)
  • Free prepaid Mastercard
  • Average monthly cashback of 0.55%
  • $10 Sign up bonus from us
  • $100 Sign up bonus from us

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