Can I buy Cryptocurrency with Apple Pay?
Yes, you can purchase Bitcoin with Apple Pay by going through the peer-to-peer cryptocurrency exchange, Paxful. Paxful has been around since 2015 and is based out of New York, United States. They are one of the leading peer-to-peer Bitcoin, Ethereum and Tether investing marketplaces used by millions around the world.
One of the main reasons for their popularity is due to the available deposit methods they support on their platform. They currently support over 350 different deposit methods which is more than any cryptocurrency exchange in the world.
How to buy Crypto or Bitcoin with Apple Pay
The easiest way to invest in Bitcoin and Cryptocurrencies like Ethereum or Solana with an Apple Pay wallet is with Paxful. Their platform enables secure peer-to-peer investing for users with Apple Pay for hundreds of different cryptocurrency assets.
You can follow the simple 4 step guide below to get started.
- Sign up to Paxful and complete your verification.
- Visit the Dashboard and select the token you want to buy and ApplePay as your payment method.
- Find offers from vendors that accept ApplePay to find the lowest price.
- Finalise funding your account with ApplePay then execute your trade.
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)
Although when using Paxful, it is always free to buy cryptocurrencies so there are no trading fees charged when buying cryptocurrencies. However, there is fees when selling your cryptocurrencies via Paxful.
It is important to note that when buying cryptocurrencies from other users on Paxful, you are buying cryptocurrency at a rate set by the customers themselves. These rates can vary based on multiple factors such as your verification status, payment method, currency pair (such as USD, EUR, CNY), and order size.
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.