Cryptocurrencies remain a viable asset that attracts people, especially with the realization of crypto trading as one of the best ways to make money online. But, one crypto asset that is making a significant impact in the market is Bitcoin – due to its steady potential for a moonshot. While there are different ways to acquire this coin, you may want to know how to buy Bitcoin with Apple Pay.
What Is Apple Pay?
Apple Pay is a mobile payment service launched in 2014 for web payments on all Apple devices, as it works with iPhone, iPad, Mac, and Apple Watch – enabling users to pay for movies, music, and apps at a go.
Many apps and offline stores across the world support this digital payment wallet. It allows you to buy a range of products, including Bitcoin, with your iPhone or Apple Watch using near-field communication (NFC).
Therefore, it is noteworthy that the ability to integrate and buy Bitcoin with Apple Pay has charted a new course of crypto opportunities for Apple users.
Ways To Buy Bitcoin With Apple Pay
You can complete your transaction on acquiring Bitcoin using Apple Pay on different platforms. Apple does not directly support Bitcoin or crypto integration on its devices, hence the need for a crypto exchange.
1. Buy Bitcoin With Apple Pay On Binance
Binance is the world’s largest crypto exchange by daily trading volume and started supporting its users to buy Bitcoin with Apple Pay in 2022. Therefore, you can purchase BTC and also make other crypto investments using Apple Pay on the exchange.
Steps To Buy Bitcoin With Apple Pay On Binance
- Log in to the Binance app on your iOS device.
- Click “Buy Crypto.”
- Choose Bitcoin and the currency you want to use to buy the crypto. Click “Buy BTC.”
- Choose Apple Pay as your preferred payment method and confirm the transaction.
- You will receive the BTC in your account after the confirmation of the transaction.
Note: Deposit fee varies with countries – hence the need to check the fees and possible changes before proceeding with the transaction.
2. Buy Bitcoin With Apple Pay On Coinbase
Coinbase is a crypto exchange that offers a range of services that allow users to buy, sell, store, and exchange cryptocurrencies. This platform introduced the purchase of Bitcoin with Apple Pay in 2021, which is linked to a debit card.
Steps To Buy Bitcoin With Apple Pay On Coinbase
- Log into your Coinbase account on the website or its app on Apple devices.
- Click “Buy & Sell.”
- Enter the amount of Bitcoin you want in the “Buy BTC” option.
- Choose Apple Pay as your preferred payment method.
- Confirm your Bitcoin purchase with Apple Pay.
Note: Apple Pay will be automatically displayed as a payment option if a Visa or Mastercard debit card is linked to the available Apple Pay digital wallet. That is why you must check the syncing before using the above steps.
3. Buy Bitcoin With Apple Pay Using MetaMask
MetaMask is an Ethereum crypto wallet provider that facilitates the purchase of cryptocurrencies through Apple Pay. Since its start of supporting Apple Pay in 2022, MetaMask users have been redirected to Wyre to enable them to make card payments via Apple Pay.
Steps To Buy Bitcoin With Apple Pay Through MetaMask
- Log into your MetaMask account on its web or the app.
- Set up Apple Pay on the app.
- Ensure the know-your-customer (KYC) on the card is connected to the Apple Pay.
- Click “Add Funds” and choose “Buy BTC” to enter your amount.
- Choose Apple Pay as your preferred payment method and complete the transaction.
Frequently Asked Questions (FAQs)
Should I Buy Bitcoin With Apple Pay?
There is no direct answer to this question as it is essentially relative. This is because there are both positive and negative sides to using this method.
One of the main advantages of purchasing Bitcoin with Apple Pay is its efficient transactions, as it is a contactless payment method with a quick Bitcoin transaction confirmation. But its drawback is the vulnerability to scams and hacks, including the broader crypto volatility that may affect your purchase.
Can I Purchase Bitcoin With Apple Pay Without ID?
Yes, you can buy BTC without completing the ID verification. But your account spending limit will be relatively low, renewable every month. You can exceed the low limit by completing all verification tiers.
What Are The Best Apps To Buy Bitcoin With Apple Pay According To Reddit?
Some of the best apps to purchase BTC with Apple Pay, as suggested by Reddit users, are Exodus and Gemini.
How Can I Choose A Bitcoin Exchange That Supports Apple Pay?
You can choose a preferred Bitcoin exchange that accepts Apple Pay by considering security, credibility, and fees. These would guide you in buying BTC safely and at better rates.
Does Apple Pay Charge Fee?
Apple Pay stores your credit or debit card information in your Apple device, but there are no additional fees that your payment provider may impose. Therefore, it is important to note that you will not be charged a fee for using Apple Pay to buy Bitcoin or other cryptocurrencies.
Conclusion
While there are limited options for buying Bitcoin with Apple Pay, some other wallets and exchanges that allow you to achieve the trade are Paxful, CEX.io, Crypto.com, and Exodus. However, you must consider security, fees, terms, conditions, and other factors before choosing your preferred method to purchase Bitcoin.
