How to Buy Bitcoin with Google Pay
You can purchase Bitcoin with Google Pay online using a cryptocurrency exchange. This is the easiest way to buy and sell cryptocurrencies—all you need is a computer or mobile device. See below for our top picks of platforms that offer Bitcoin and simple steps to buy Bitcoin with Google Pay.
1. Choose a platform
Create an account with a platform that supports Google Pay. You may need to provide a photo ID to complete the KYC process. A regulated and reputable platform is the safest place to buy Bitcoin and some of our top choices are linked below.
2. Make a deposit using Google Pay
Once you have set up Google Pay, head to the deposit page on your chosen platform. Choose Google Pay as your payment method and enter how much you want to deposit in order to fund your account.
3. Buy Bitcoin
Find the trading pair for BTC and your newly deposited currency. Create a limit order to specify a future price to buy Bitcoin at, or use a market order to buy immediately. Now just enter how much you want and click “Buy”.
Where to Buy Bitcoin with Google Pay?
Each Bitcoin platform has its own set of features and fee structure, so find the one that fits your personal preferences. The safest platforms are regulated platforms and we’ve shortlisted the best ones that support Google Pay below.
Pros & Cons of Buying Bitcoin with Google Pay
To help you decide whether to use Google Pay, we’ve listed its pros and cons below.
Speed. Your card details are already stored in Google Pay so you can check out quickly without entering your details each time.
Security. Google Pay uses multiple layers of industry-leading security technologies to protect your payment information so you can pay with peace of mind.
Easy to set up. If you’ve bought a Google product or service before, your payment method will already be available in Google Pay. Otherwise, just enter your card details.
Limitless transactions. There is no maximum transaction limit when using Google Pay (although exchanges may apply their own limits).
Limited acceptance. Although more exchanges are starting to accept Google Pay, there are still many that don’t. See the section above for platforms that accept Google Pay.
Fees When Buying Bitcoin with Google Pay
Google Pay is free to use but your usual credit card charges may apply. Crypto platforms may charge their own fees, such as commission, spreads, and trading fees, which are worth taking into account before making your Bitcoin purchase.
Is Buying Bitcoin with Google Pay Right for Me?
To sum up, this is a beneficial payment method for users of platforms that accept Google Pay. It provides a user-friendly way to purchase Bitcoin quickly and securely.
Frequently Asked Questions
Download the Google Pay app or go to pay.google.com. If you don’t already have a payment method set up, click “Add payment method”, enter your card details, and verify it if prompted.
Yes. Google Pay sends the merchant a virtual card number instead of your actual one to protect your payment information. You can also set up a screen lock to provide an extra layer of security.
No. Google Pay accounts cannot hold cryptocurrency. You can keep your Bitcoin on the platform where you bought it or transfer it to a private wallet.