Google Pay (G-Pay) is a quick and secure way to purchase goods online, in stores, or send money to friends and family. In this guide, we take you through the process of how to buy bitcoin with Google Pay. Plus, some important things to consider so you can use the app with confidence.
Buy crypto with ease using Google Pay
KuCoin
Best for low fees
Coinbase
Best for begginers
Kraken
Best for experienced traders
Can I buy bitcoin with Google Pay?
Yes, Google Pay can now be used to buy bitcoin on any crypto trading platform that accepts G-Pay as a payment method. Just check if the crypto exchange you are using supports Google Pay and purchase bitcoin as you normally would. Google Pay may not be the most secure payment method for buying bitcoin. However, it is one of the fastest, easiest, and most convenient ways.
Since Google Pay is just a payment service, you cannot purchase crypto directly; the app does not work like an exchange. However, since Google Pay has developed features including saving IDs, company IDs, private documents, and messages, its user growth has continued to expand. The platform is estimated to reach 45 million users by 2027, as shown below.
Which crypto app accepts Google Pay?
You can buy crypto using Google Pay as a payment service. However, not all crypto exchanges support the G-Pay app. Some major exchanges that do include Binance, eToro, Coinbase, Kraken, Uphold, and CEX. There is no right or wrong choice here; you should decide based on your personal needs.
For example, some platforms may have higher transaction fees, and some have stricter KYC protocols. Note that although Binance now supports payment services such as Google Pay and Apple Pay, Binance.US only accepts Apple Pay as of August 2023.
How to buy bitcoin with Google Pay
Buying bitcoin with Google Play is actually very straightforward, so long as you have an account set up with both platforms. You will need to choose the best crypto exchange that offers a Google Pay option. In this guide, we will use Binance as an example.
Step 1: Set up Google Pay
The first thing you need to do is register an account with Google if you don’t already have one. If you already have an account, you need to set up your payment methods on the Google Pay page. Alternatively, you can download the Google Pay app on your mobile device or desktop in the Google Play store.
Step 2: Link a payment method
To buy bitcoin, you’ll need to link a payment method to your Google Pay account. You can add credit or debit cards, bank accounts, or other supported payment methods. In this guide, we will set up a payment method directly from the Google Pay page as an example.
First, click on “Manage Payment Methods.” You will be prompted to verify your identity, and then you will be asked to choose a method ranging from PayPal, a credit card, or a bank account.
Step 3: Buy bitcoin on Binance
You can now buy bitcoin using Google Play on any cryptocurrency exchange that supports it. Since we are using Binance as an example, you must register an account if you don’t currently have one. Note that you must complete the KYC process. After you have done so, click on “Buy Crypto” on the top menu and select Credit/Debit card.
Step 4: Select Google Pay payment method
You will be directed to the Binance buy page, where you will be prompted to select the cryptocurrency you wish to buy. Select the currency you are buying in, and then select bitcoin from the drop-down menu.
Next, select “Google Pay” in the “Other Payment Methods” section below the bank card info. When you’re done, click “Continue.” You will see a list of the cards you have added to your Google Pay account, so select the one you wish to use and click “Pay.” Your payment should already be processed, and your bitcoin will show up in your spot wallet.
Things to consider when buying bitcoin with Google Pay
Before using an exchange with Google Play, always consider any bitcoin transaction fees associated with the buying process. For example, Binance will charge a 0.5% fee when using the Instant Buy/Sell feature. If you use the trading section, there’s a 0.1% fee, and fees will always depend on how much you buy. Google Play does not charge you any additional fees beyond what you incur from your service provider.
Always remember the cryptocurrency market is extremely volatile, so make sure you’re mastering crypto trading emotions and not getting carried away and making risky trades. It’s possible you can lose your crypto just as quickly as you buy it. In addition, prioritize security by enabling two-factor authentication (2FA) on both your Google Pay account and the cryptocurrency exchange. Keeping these factors in mind should make buying crypto an easy process.
The ability to easily buy and sell Bitcoin has been a really key factor in accelerating Bitcoin adoption. This opens up the entire network to a larger degree.
Fred Ehrsam: New York Times
How do I buy crypto on Coinbase with Google Pay?
Although we have used Binance as an example, those who prefer to use Coinbase can also use Google Pay to buy crypto. And the process works just the same.
Select the cryptocurrency you wish to buy from your Coinbase exchange and simply enter the amount you want. A list of available payments will show up, so just select Google Pay. If you already have a credit or debit card linked to your Google Wallet, Google Pay will automatically appear as a payment method when you’re buying crypto with Coinbase on either a Google Pay-supported Android device or using a browser that supports it.
The Google Pay-supported web browsers include:
- Google Chrome
- Mozilla Firefox
- Safari
- Microsoft Edge
- Opera
- UC Browser
There are also a number of Coinbase alternatives you can use to buy crypto with Google Pay as well. You are bound to find an exchange that better fits your needs.
Buying bitcoin with Google Pay is safe
In general, buying bitcoin with Google Pay is not only convenient and quick, but it’s also a safe payment method on exchanges. Through the Google Pay app, users are offered a high level of security, thanks to Google’s robust safety protocols. In addition, your financial details are shielded from merchants, minimizing breach risks. For example, the app doesn’t expose your card or account personal details. Yet, despite all this, always practice caution as there are other ways in which your personal information can be exposed, whether it be through a hacker or other common cryptocurrency scams.
Frequently asked questions
Does Google Pay allow crypto?
Can I buy ETH with Google Pay?
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