Register with one of our recommended partners now

How to Buy Bitcoin With ZipPay

By Philip Hoey - Updated 22 May 2024
Bitcoin Logo Bitcoin (BTC)
Price
...
24hr ...
7d ...
Market Cap ...
Bitcoin Logo
Fact Checked
While all our writers independently research and evaluate every product that we write about, this post may contain references to products from our partners that we may earn commission from. This in no way affects how we evaluate them. Find out more about how we test and how we fund this site.

If you are wondering if it is possible to purchase Bitcoin with ZipPay, the sad response is that ZipPay doesn’t provide a direct way to buy cryptocurrencies. However, there is another approach you can use to buy Bitcoin with your ZipPay account. You can buy Bitcoin via a crypto exchange that supports deposits via ZipPay to fund a trading account. This piece gives directions and helps you locate such exchanges, which will make using ZipPay to purchase Bitcoin simple.

How To Buy Bitcoin With ZipPay

A cryptocurrency exchange that accepts ZipPay is the most accessible place to buy Bitcoin using this payment method. You can use your ZipPay account on your tablet, laptop, or mobile device to complete your purchase. To do that, simply follow the easy steps described below:

1. Choose A Platform

Select a trustworthy platform (like the ones below) and press the sign-up button. Fill out the online registration form with your information, and if required, use a photo ID and your phone to confirm your details and email address.

1
Min Deposit
$ 100
User Score
5
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
Visit Site
Description:
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. Fund Your Account With ZipPay

Visit the deposit page when your account has been validated. Hit “Deposit” to send the specified amount, and choose ZipPay as your preferred payment method.

3. Buy Bitcoin

Locate the trading pair for BTC and the currency in your account on your platform. Enter the desired purchase amount in the box provided, then press either the “Buy” or “Trade” button. Your account will get your Bitcoin right away.

Table of Contents

Where To Buy Bitcoin With ZipPay

Features like fees paid and services given may determine which crypto platforms you want to patronize. The best and safest crypto platforms to buy Bitcoin are mentioned below, and we have compared them to make things easier. All you have to do is go through the list and make your decision.

1
Min Deposit
$ 100
User Score
5
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker - FCA, ASIC, CySEC (license number 250/14)
Visit Site
Description:
Plus500 is a leading provider of Contracts for Difference (CFDs), delivering Leveraged trading on +2,000 financial instruments, including Forex, Commodities, Indices, Shares, Options and Cryptocurrencies. CySEC license number (#250/14)
Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
2
Min Deposit
$ 100
User Score
4.95
Up to $240 bonus!
Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Open Account
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods:
Bank Transfer, Credit Card, Debit Card, PayPal, Wire Transfer
Full Regulations:
CySEC, FCA
3
Min Deposit
$ 10
Promotion
User Score
4.7
Offers an intuitive and easy-to-navigate platform, making it accessible for both novice and experienced traders
Global audience, providing various deposit options and allowing users to cash out directly to their bank accounts
Cold storage for funds and two-factor authentication to ensure the safety of users’ assets
Visit Site
Description:
Bitstamp, established in 2011, is a pioneer in the cryptocurrency exchange world, offering a secure and straightforward platform for trading a variety of digital currencies. It’s known for its user-friendly design, robust security measures, and global reach, making it a preferred choice for crypto traders worldwide.
Payment Methods:
Apple Pay, Bank Transfer, Credit Card, Cryptocurrencies, Debit Card, Google Pay, SEPA
Full Regulations:
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong

Pros And Cons Of Using ZipPay To Buy Bitcoin?

Pros

  • ZipPay offers a convenient way to buy Bitcoin as it involves no added complexities and can be done with just a few clicks.
  • Compared to other payment methods, such as credit/debit cards, ZipPay fees are relatively low for payments, making it a cheaper option.
  • With ZipPay, you can buy Bitcoin and pay later with no interest charges if paid back within the stipulated period.
  • ZipPay is a secure payment method that uses encryption to ensure safe transfers.

Cons

  • There are limits on the amount of Bitcoin that can be purchased using ZipPay.
  • ZipPay is a third-party service that is subject to outages and glitches, which could lead to losses if it occurs during the Bitcoin purchase.
  • ZipPay is only widely accepted by some Bitcoin apps, exchanges or platforms.
  • Although there is no interest charged if paid back within the stipulated period, the repayment process could be complicated for some users, leading to potential missed payments and added late fees.

When it comes to buying Bitcoin, several payment options are available, with ZipPay being one of them. Like any other payment method to buy BTC and other crypto, ZipPay has its pros and cons.

Is Buying Bitcoin With ZipPay Right For Me?

While ZipPay can be a convenient and affordable option for purchasing Bitcoin, some may have better choices. Here are a few key factors to consider:

Personal Financial Situation:

Before investing in Bitcoin, evaluating your current financial situation and considering whether you have the funds available is essential. Using ZipPay means that you’ll need to repay the amount borrowed within a certain period, so it’s vital to ensure that you’ll be able to do so without incurring additional fees.

Investment Strategy

If you’re considering investing in Bitcoin, having a solid investment strategy is crucial. This involves assessing the risks and rewards of investing in Bitcoin, your investment goals, and your risk tolerance. It’s also important to keep in mind that the value of Bitcoin can be volatile and subject to sudden fluctuations in prices.

ZipPay’s Terms And Conditions

Before deciding to use ZipPay to purchase Bitcoin, it’s essential to review the terms and conditions of the service carefully. This includes understanding the interest rates, repayment requirements, and any potential fees that you may incur.

Availability And Acceptance

While ZipPay is a popular payment method in some areas, it may only be widely accepted by some Bitcoin exchanges or platforms. Before deciding to use ZipPay, ensuring that it’s an accepted payment method at the crypto exchange or platform where you plan to pay for Bitcoin is vital.

Is Buying Bitcoin With ZipPay Safe?

Buying Bitcoin with ZipPay can be a safe option, provided that you exercise proper caution and take the necessary steps to protect your investments. To help you gain confidence in the platform, here are some important considerations to understand why and how ZipPay is safe.

ZipPay is a secure payment method that uses encryption to ensure safe transfers. When you  make a purchase using ZipPay, your payment information is encrypted and stored securely at checkout, protecting it from unauthorized access or theft. ZipPay offers an added layer of security for Bitcoin purchases by allowing you to pay later instead of using your bank account or credit card, visa. This means that as a ZipPay user, you can keep your personal financial information private, which can help reduce the risk of fraud or identity theft.

However, you should note that ZipPay, like any financial service or businesses, is not entirely immune to security risks. To enhance security, you should always use your computer or mobile device to make purchases and not share devices. You should also ensure you use a strong and unique password and take additional steps, such as enabling two-factor authentication, to further protect your money account. 

It’s also essential that you carefully review the terms and conditions of ZipPay to understand and accept the potential risks and fees associated with using its company service. For example, ZipPay limits the amount of Bitcoin purchased using their platform, and you must repay the amount borrowed within a certain period.

Can You Buy Bitcoin With ZipPay?

Yes, as a user, you can buy Bitcoin with ZipPay. ZipPay is an Australian-based payment service that allows users to shop online and pay for their purchases later. While ZipPay is primarily used for online shopping, it can also be used to buy cryptocurrencies such as Bitcoin. 

To purchase Bitcoin with ZipPay, you must first find an exchange or trading platform that accepts ZipPay as a payment method. Once you find a compatible platform, you can then select ZipPay as your payment method in the checkout, enter the required information, and complete the transaction.

Fees For Buying Bitcoin With ZipPay

When purchasing Bitcoin using ZipPay, it’s important to remember that fees are associated with using the payment method. However, compared to other payment methods prices, such as credit cards, Apple Pay and PayPal, ZipPay’s fees are relatively low, making it a cost-effective option for you and a relatively cheap way to buy Bitcoin. Here is a table showing some of the fees associated with buying Bitcoin using ZipPay:

Fee

Amount

Transaction Fee

1.5% of the purchase amount.

Late payment fee

$5 for each missed payment.

Interest rate

None if paid back within the stipulated time.

Withdrawal fee (if any)

Varies depending on the exchange platform used.

It’s important to note that fees you may pay vary depending on the exchange or trading platform used and the amount of Bitcoin being purchased. Additional fees may be assessed for using ZipPay if you fail to make payments on time or otherwise violate the terms and conditions of the service.

What Are The Alternative Methods To Buy Bitcoin?

There are plenty of options, whether you want to use a standard payment method or an online payment source to buy Bitcoin. Here are a few ways to pay for your Bitcoin purchase, listed below:

FAQs

Is it Easy to Buy Bitcoin With ZipPay?
Yes, buying Bitcoin with ZipPay is a relatively simple process.
Can I Buy Other Cryptocurrencies With ZipPay?
Although ZipPay is primarily used for online purchases, it can also purchase other cryptocurrencies through compatible exchanges and trading apps and platforms.
Can I Buy Bitcoin With ZipPay Instantly?
While ZipPay offers a convenient and affordable option for purchasing Bitcoin, the process takes time and effort.
Can I Buy Bitcoin With ZipPay Anonymously?
No, ZipPay requires users to provide personal information and go through a verification process before using the service.