Buy Crypto with Alipay

How to Buy Cryptocurrency with Alipay

As mentioned above, one of the only exchanges in the world that offers Alipay deposits is the OKX trading platform. With this method, you can buy BTC, ETH and USDT with an Alipay transfer, then use those funds to trade the 400 other cryptocurrencies on the platform. Their exchange does not require and KYC/AML or identity verification, which means you can onboard in minutes.

Follow this simple guide to get started:

1. Sign up to the OKX platform and verify your identity.
2. Select 'Buy Crypto' in the Navigation Menu and select 'P2P Trading'.
3. Then select the token you want to buy (e.g USDT) and CNY & Alipay as your payment method.
4. Finally, click 'Buy' on the top listing to finalise your purchase of USDT with an Alipay account. Once you buy the USDT, you can then trade it for any of the 300 tokens available on the OKX platform.

Fees to Buy Crypto with Alipay

The fees to buy cryptocurrency with Alipay on the OKX platform are very low. You'll only pay a 0.02% taker fee when you place an order, and there's no deposit fee for using Alipay (most exchanges charge around 0.5%. There is also a 0.05% maker fee if your order is filled immediately.

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Is Alipay Crypto-Friendly?

Alipay, the world's largest mobile and online payment platform, is now allowing users to hold and trade cryptocurrencies through regulated crypto exchanges. This is a big deal for the cryptocurrency industry, as Alipay is one of the most popular payment platforms in the world. The move could encourage more people to use and invest in cryptocurrencies.

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About Alipay

Alipay is a Chinese online payment platform founded in 2004 by Alibaba Group. Alipay overtook PayPal as the world's largest mobile payment platform in 2013, according to iResearch. As of February 2018, Alipay had over 870 million monthly active users. In 2016, two-thirds of China's 477 million Internet users were using Alipay.

Alipay is an escrow service that allows individuals and businesses to make and receive payments online. The company also provides data analysis, marketing, and risk management services for its users. Alipay is the world's largest mobile and online payment platform. The company was founded by Jack Ma and Peng Lei in 2004. The company was originally part of the Alibaba Group, but it became a standalone company in 2011. Alipay is headquartered in Hangzhou, China.

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Final Thoughts

Alipay does not offer any services which enables its customers to buy cryptocurrencies directly through the app. The only option available for users is to use a regulated trading platform that accepts deposits from Alipay, and we recommend OKX as they have the largest selection of coins and minimal fees. With this method, you can easily buy BTC, ETH and USDT with an Alipay transfer, and then use those funds to trade the 400 other cryptocurrencies on the platform.