How to Buy Crypto with Apple Pay
As outlined above, the best way to buy cryptocurrencies with Apple Pay in the USA, UK, Europe, Australia and 120 other countries is Uphold. Their exchange offers instant and cheap Apple Pay deposits in over 30 currencies to trade 200 cryptos and hundreds of stocks, ETFs and commodities like Gold and Silver.
You can get started in 4 simple steps with this guide;
- Create a free account on Uphold with your email and complete the verification requirements.
- Connect your Apple Pay account to Uphold by selecting the '+' button next to 'My Cards'.
- You can then select the fiat and amount you want to deposit to your account on Uphold.
- Find the cryptocurrency you want to buy and execute your trade.
Video Guide - Buying with Apple Pay on Uphold
For visual learners, you can watch the video guide below from the official Uphold team on how to buy Cryptocurrencies with Apple Pay.
Apple Pay Crypto Policy
Apple Pay has announced it will soon expand to include support for cryptocurrencies, allowing users to buy, hold, and sell digital assets directly in the Apple Wallet app. This move makes Apple one of the most cryptocurrency-friendly major corporations in the world, and could bring more mainstream attention and adoption to the asset class.
To date, Apple Pay has been used to purchase goods and services online, in apps, and in physical stores with a iPhone or Apple Watch. Now, with support for cryptocurrencies, users will be able to use Apple Pay to buy, sell, and hold digital assets directly in the Wallet app.
Apple Pay Crypto Fees
When investing in Bitcoin and other cryptocurrencies, there are two fees one should consider.
- Deposit Fee - This fee is charged when you deposit USD into your exchange account
- Trading Fee - This is the fee you will incur when trading your USD for Bitcoin (BTC)
Fortunately for users of Uphold - the fee to deposit funds with Uphold is 2%, which is cheaper than alternatives like Coinbase who charge up to 3%. When it comes to trading fees, you will be subject to the normal trading fee on the crypto brokerage platform you decide to use.
About Apple Pay
Apple Pay is a contactless payment system for iOS devices that allows users to make payments in stores, apps, and on the web. It was introduced in 2014 and is available in the United States, UK, Canada, Australia, Singapore, Taiwan, and China.
Apple Pay is one of the most secure payment options because it uses industry-leading security features to keep your information safe. When you use Apple Pay, your credit or debit card number is not stored on your device or shared with the merchant. Instead, a unique Device Account Number is assigned, encrypted, and securely stored in the Secure Element of your device. Each transaction is authorized with a one-time unique dynamic security code.
This payment method can be used to make purchases in stores, apps, and on the web. In-store, Apple Pay can be used with iPhone 6 or later and Apple Watch. When making a purchase online or in an app, Apple Pay can be used on any device with iOS 11 or later.
Apple Pay is an incredibly secure and convenient payment option for buying cryptocurrencies. The best way to do this is through Uphold, who offer instant and cheap Apple Pay deposits in over 30 currencies to trade 200 cryptos and hundreds of stocks, ETFs and commodities like Gold and Silver. To get started, simply create a free account on Uphold and connect your Apple Pay account. From there you’ll be able to execute trades and buy cryptocurrencies with ease.
If you need help getting started, check out the video guide above from the official Uphold team.