A Step-by-Step Guide to Buying Crypto With Apple Pay
While the ability to buy crypto with Apple Pay is becoming increasingly available, it’s important to understand the specifics before jumping in. Some platforms now offer this convenient payment option, but be aware that purchase limits might apply, and not all exchanges currently support it.
It’s important to check with your preferred platform for confirmation. As for developments, Binance, the leading cryptocurrency exchange by volume, recently announced the integration of both Apple Pay and Google Pay for crypto purchases, offering users more flexible payment options.
Want to buy Bitcoin using your iPhone or other Apple device? Here’s a step-by-step guide to get you started, focusing on the two popular exchanges: KuCoin (for US users) and Binance (for non-US users).
Things to know
- You’ll need an account on either KuCoin or Binance (depending on your location).
- Both exchanges use a third-party service called Banxa to process Apple Pay payments.
- There may be fees involved, so check the details before buying.
Steps
- Create an account
Sign up for either KuCoin or Binance if you haven’t already.
- Go to “Buy Crypto”
Find the option to buy cryptocurrency on the platform (e.g., “Fast Trade” on KuCoin).
- Enter amount
Choose how much Bitcoin you want to buy (e.g., $100 worth).
- Select payment method
Choose “Apple Pay” and “Banxa” as the payment channel.
- Select Apple Pay from the list of available options
On the next screen, select “Apple Pay” as a payment option on the Banxa page.
- Enter your email address and phone number
Fill out the required fields with your email and phone number. Click “Confirm” to proceed.
- Verify your personal information
Fill out your address, country of residence, zip code, and other personal information required by Banxa. Click “Submit Verification” after completing the form.
- Confirm payment with Apple Pay
Your Apple Pay application will display your payment details and total amount. If everything looks accurate, confirm the payment using your fingerprint or Face ID on your Apple device.
Additional notes
- The process might differ slightly depending on the platform you choose.
- Remember, buying Bitcoin carries risks, so do your research before investing.
Alternatives
- Other exchanges like Kraken and Coinbase also support Apple Pay for crypto purchases.
- Peer-to-peer (P2P) marketplaces offer another way to buy Bitcoin using Apple Pay.
This guide provides step-by-step instructions for both platforms, including the final confirmation with Apple Pay. It emphasizes checking fees beforehand and reminds readers about the inherent risks associated with Bitcoin investment.
Buying Crypto with Apple Pay – Binance Guide (Non-US)
Looking to buy Bitcoin with Apple Pay but not in the US? Binance is your best bet!
Here’s a simplified guide:
1. Create an account
Sign up for a Binance account if you haven’t already.
2. Buy Crypto menu
Find the “Buy Crypto” section on the Binance homepage.
3. Enter amount
Choose how much Bitcoin ($BTC) you want to buy (e.g., enter the USD amount).
4. Select Apple Pay
From the payment methods, choose “Apple Pay” and click “Continue.”
5. Confirm details
Review the order summary (Bitcoin amount and price). If everything looks good, tick the agreement box and click “Confirm.”
6. Apple Pay confirmation
Your Apple Pay app will show the payment details. Verify the information and confirm using your fingerprint or Face ID.
Alternatives to KuCoin and Binance
2. Other exchanges
Kraken, Coinbase, Crypto.com, Gemini, and Bitstamp also support Apple Pay for Bitcoin purchases.
3. Peer-to-peer (P2P) marketplaces
Platforms like Paxful, NoOnes, LocalCoinSwap, and Hodl. Hodl allows sellers to accept Apple Pay for Bitcoin, offering flexibility but potentially higher fees and less convenience.
Can I use Apple Pay on Crypto.com?
Yes, you can use Apple Pay to buy cryptocurrency on the Crypto.com app. This convenient option allows you to quickly and securely purchase crypto using your Apple device.
Additionally, all your Apple Pay transactions will be displayed within the Crypto.com app. This makes it easy to track your crypto purchases and manage your portfolio efficiently.
3 Easy Ways to Buy Crypto with Apple Pay
Looking to buy Bitcoin using your iPhone or Apple Watch? Here are 3 straightforward options:
1. Coinmama
This popular platform is known for its user-friendly interface and support for Apple Pay. However, fees can be higher compared to other options.
Steps:
- Set up a Bitcoin wallet: You’ll need a digital location to store your Bitcoin. Create one before proceeding.
- Visit Coinmama: Head over to their website and choose the amount of Bitcoin you want to buy.
- Complete verification: Provide some basic information to verify your identity.
- Enter your wallet address: This is where your purchased Bitcoin will be sent.
- Choose Apple Pay: Select this as your payment method.
- Finalize the purchase: Confirm the details and complete the transaction using your Apple device.
2. Other Cryptocurrency Exchanges
While Coinmama might be the easiest, several other exchanges also accept Apple Pay. These might offer lower fees or additional features, but the process might be slightly more complex. Explore options like Kraken, Coinbase, or Bitstamp depending on your needs, and research them before committing.
3. Peer-to-Peer Marketplaces
These platforms connect buyers and sellers directly, allowing some sellers to accept Apple Pay. However, these options can be less secure and potentially involve higher fees. Proceed with caution if you choose this method.
Final Thoughts
Remember to do your own research before buying any cryptocurrency, understand the risks and invest responsibly. Compare fees on different platforms that have different fee structures. Compare options to find the best fit for your needs.
