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Buy Crypto with Alipay

Buy Crypto with Alipay

Karen Tren
Fact Checked
Nov 12, 2022

Summary: Alipay does not directly offer any services which enable its customers to buy cryptocurrencies through the app. The only method available for users to buy Bitcoin, Ethereum and other crypto assets is through a regulated trading platform that accepts deposits from Alipay.

We recommend the Bybit exchange as the only known crypto platform that accepts Alipay deposits with multiple currencies. Their exchange offers over 400 crypto with low fees starting at 0.02% per trade. They also do not require KYC or verification, which means you can sign up with an email and password only.

Table of Contents

Best Crypto Exchange for Alipay Deposits

Platform Highlights

  • Instant and cheap Alipay deposits in over 10 different currencies.
  • Buy and sell 400+ cryptos with futures and spot trading from Alipay.
  • NFT Marketplace, IDO Launchpad & other features.

How to Buy Cryptocurrency with Alipay

As mentioned above, one of the only exchanges in the world that offers Alipay deposits is the Bybit 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 Bybit (use this link to get 5% off fees).
  2. Select 'Buy Crypto' in the navigation menu and P2P trading.
  3. Select 'Alipay' in the Payment Methods selector and select the coin you want to buy.
  4. Follow the prompts to buy your cryptocurrency with an Alipay account.
Buy Crypto with Alipay on Bybit
Deposit Funds with Alipay on Bybit.

Fees to Buy Crypto with Alipay

The fees to buy cryptocurrency with Alipay on the Bybit 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.

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.

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 App

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.

Karen Tren

Full-time writer and cryptocurrency newbie! Learning about NFTs, DeFi and GameFi with my research and writing for BuyBitcoinBank.

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