There’s a 0.9% fee for buying stablecoins like USDT or USDC with USD or any other stablecoin. Buying a stablecoin with another cryptocurrency like BTC attracts a 1.5% fee. For digital wallet payments, the processing fee is 3.75% + $0.25. Users can also enjoy multiple funding options using their favorite fiat currency as well as with digital assets they already own.
- In that case, investors can deposit money into their accounts using their debit or credit card or a third-party payment platform such as PayPal or Skrill.
- There’s a 0.9% fee for buying stablecoins like USDT or USDC with USD or any other stablecoin.
- Like with Coinbase, Crypto.com users will need to pass various KYC requirements.
- For Coinbase, users will only have to log in to their account on a device that is linked to Apple Pay.
Our evaluation identifies Uphold as the top platform Apple Pay users to engage with cryptocurrencies. It offers quick, fee-free deposits across 150+ countries and permits trading and staking in more than 250 cryptocurrencies without additional costs. This method will work for any cryptocurrencies that are listed on the crypto exchange you choose. You will have to check that the coin you want is listed on the platform you choose.
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Wyre allows you to buy Bitcoin and many other cryptocurrencies using a Visa, Mastercard, or Discover credit or debit card. You can link any of these supported cards to Apple Pay and checkout with it for a streamlined experience. After selecting the amount you wish to purchase and entering the wallet address you want your Bitcoin sent to, select Apple Pay from the range of payment options listed. You’ll need to do this on a device with an Apple Pay-compatible card linked. If users choose to buy crypto directly in-platform via one of MetaMask’s partners, they will face daily transaction size limits. These may be more restrictive if users want to buy crypto using Apple pay.
- In addition to Apple Pay, you can buy your Bitcoin with a credit card, debit card, Google Pay and local bank transfer methods (varies by location).
- You will see a screen like the one below, with several payment channels.
- Some of the top platforms include Coinbase, Crypto.com, BitPay, MetaMask, Exodus, and Paxful.
- The process is more streamlined than entering a physical bank card into a machine and then entering the pin.
You can use the desktop extension, or the new and improved version of the extension, for mobile. The new upgrade is meant to be faster, more accessible, and more scalable. If you’re not in the Apple ecosystem, you haven’t been forgotten. The company says that it has plans to add the BitPay card to both Google Pay and Samsung Pay by the end of next month.
Why use Apple Pay to buy crypto?
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It is very convenient to purchase everything using Apple Pay these days, and you are looking for options to do the same with crypto. The great news is that you can easily use Apple Pay to buy Bitcoin or crypto. To ensure the safety of transactions, Paxful enforces KYC and AML (Anti-money laundering) processes for a secure marketplace.
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The exchange also requires ID authentication to ensure that only an account owner can change their payment information. The most commonly accepted forms of identification include a driver’s license, government-issued ID, passport, or National Identity card. For more information, read this article on Coinbase verification speeds. BitPay’s crypto wallet is non-custodial, meaning that access to all private keys and assets is exclusive to one user. The platform also uses adds a layer of protection through multi-signature security. This means that a user needs more than a single signature to complete a transaction.
How to Buy Bitcoin with Apple Pay
Users will need to provide their personal information as well as select a username and password. Although Gemini offers a wide range of methods to buy Bitcoin, its support of Apple Pay makes transactions easier and more accessible for users. Besides Bitcoin, this feature supports over 30 cryptocurrencies. The availability of Apple Pay lowers barriers to entry in the crypto realm while further streamlining the payment process. Many exchanges allow investors to link their Apple Pay accounts to buy digital assets. However, some brokers, such as eToro, will require you to connect the debit or credit card to the platform directly.
How Do You Add BitPay to Apple Pay?
Apple Pay can also be authorized using traditional passwords and pin codes. One of the main reasons people hesitate to invest in cryptocurrency is the restrictions placed upon its usage. Cryptocurrency is not accepted as a form of payment method everywhere, limiting its users. The cryptocurrency that Apple Pay users can now use is Bitcoin, using Bitcoin’s payment service called BitPay. However, BitPay also supports other cryptocurrencies like Ethereum, Bitcoin Cash, Binance, USD Coin, and Pax Standard.
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It is predominantly used as a web browser extension that pops when users need it as they navigate the decentralized web. Setting up a wallet is very easy and only takes a few minutes. Once the wallet is set up, buying crypto, including via Apple the money queen’s guide Pay, is a very straightforward process. The wallet gained significant traction in 2020 as interest in decentralized finance (DeFi) spiked. MetaMask users can easily interact with DeFi applications across numerous blockchains using the wallet.
Buying bitcoin via Coinbase using Apple Pay offers investors a convenient way to get their hands on crypto. It is ideal for retail investors looking to make small, ad hoc crypto purchases. The platform’s mobile app is one of the most user-friendly on the market. Coinbase scores 4.7 out of 5 in Apple’s app store according to 1.7 million ratings. And it ranks as the 27th most popular app in the finance category. That being said, digital wallet purchases have no hidden or additional fees.
Purchasing crypto using Apple Pay on the Crypto.com platform will incur users a 2.99% service charge levied on all card purchases. Crypto.com’s normal trading fees are fairly competitive by industry standards. Crypto.com’s 2.99% processing fee for card purchases includes Apple Pay purchases. Users can avoid these fees if they fund their Crypto.com account via bank transfer. However, this process is more sluggish than a bank card purchase (including via Apple Pay). Crypto.com is a Singapore-based cryptocurrency exchange and financial services platform founded back in 2016.