Summary: Apple Pay can be used to purchase Bitcoin and other cryptocurrencies through regulated exchanges, offering a secure method for digital asset investments. This post provides a guide to buying crypto with Apple Pay on popular platforms like Binance, where users can invest in over 350 cryptocurrencies.
The standard deposit fee is 3.75%, although some platforms may charge additional fees. Apple Pay's policy supports cryptocurrency transactions, but users are advised to transact with regulated and reputable platforms for a secure trading experience.
- Instant Apple Pay deposits in over 50 currencies in 180+ countries.
- Trade 350+ crypto assets with low fees starting at 0.1% per trade.
- Largest and most trusted exchange in the world with 100 million users.
Can You Buy Crypto with Apple Pay?
Apple Pay provides a secure way to purchase Bitcoin and other digital assets via compatible cryptocurrency exchanges. This service enables the direct conversion of fiat currency from your Apple Pay wallet into digital assets. Platforms recognized by the financial markets authority in your jurisdiction offer a regulated, reliable environment for buying cryptocurrencies, making digital asset investments a smooth process with Apple Pay.
How to Buy Bitcoin and Crypto with Apple Pay
As stated earlier, the most efficient method to purchase Bitcoin and other digital currencies with Apple Pay is through a regulated crypto exchange. With this approach, users can deposit USD, Euros, or other fiat currencies directly from their Apple Wallet to securely invest in digital assets. We recommend Binance as the platform due to its broad acceptance and trust from over 60 million users globally.
You can start investing in a wide array of over 350 cryptocurrencies with competitive fees by following this simple guide:
- Sign up to Binance and verify your identity.
- Select the ‘Buy Crypto’ tab and select the currency you want to deposit.
- Select ‘Apple Pay’ as your payment method and input the amount you want to deposit.
- Finalize your transfer and the funds will be deposited instantly for you to buy any crypto asset on the platform.
What are the Fees?
When purchasing cryptocurrency using Apple Pay, a fee of 3.75% is charged on all deposits made to crypto platforms. This fee is a standard part of utilizing Apple Pay's secure and convenient services for digital asset investment. Additionally, certain exchanges, such as Uphold, impose an extra 0.5% fee on top of the standard Apple Pay charge, resulting in a total fee of 4.25%. As such, investors should consider the fee structure of their chosen platform carefully. On a more positive note, some platforms like Binance do not charge any additional fees beyond the Apple Pay deposit fee, making them a more cost-effective choice for some users.
Apple Pay Cryptocurrency Policy
As a leading figure in the digital banking sector, Apple Pay does not enforce stringent rules that could hinder or block its users from buying or trading cryptocurrencies. This policy enables customers worldwide to confidently conduct cryptocurrency transactions using Apple Pay.
However, when making deposits to off-shore and unlicensed cryptocurrency exchanges, users should exercise caution. While Apple Pay ensures the secure transmission of funds, potential red flags at the exchange level could result in frozen funds. For a secure and reliable trading experience, it's advisable that users transact with platforms regulated by credible financial institutions and recognized by international financial regulatory bodies.
What is Apple Pay?
Apple Pay is a mobile payment and digital wallet service by Apple Inc. that allows users to make payments in person, in iOS apps, and on the web. It digitizes and can replace a credit or debit card chip and PIN or magnetic stripe transaction at a contactless-capable point-of-sale terminal. Apple Pay is compatible with the iPhone 6 and later, certain iPads, Apple Watch, and Macs with the appropriate hardware. It uses NFC technology for contactless payments and requires Touch ID, Face ID, or passcode for authentication.
Final Thoughts
In conclusion, Apple Pay provides a secure and convenient way to buy Bitcoin and other cryptocurrencies. The most effective approach is to use a regulated exchange like Binance, which has a large user base and a wide selection of digital assets. It's important to factor in the standard Apple Pay deposit fee of 3.75%, as well as potential extra fees imposed by some platforms. While Apple Pay's policy is favorable towards cryptocurrency transactions, it's crucial to conduct transactions with reputable, regulated platforms to ensure a secure trading experience.
Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.
