Bitcoin is the number one cryptocurrency in the world and for good reasons. Stemming from its status as the premier cryptocurrency token, Bitcoin has gained wide acceptance as the global standard for crypto payments. While blockchain technology and cryptocurrencies still have major hurdles to overcome regarding regulation, Bitcoin remains by far the most recognised cryptocurrency and is already legal tender in some jurisdictions.
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Purchasing Bitcoin
Bitcoin can be easily purchased on any major crypto exchange like any other cryptocurrency. While not all cryptocurrency tokens are available on every exchange, Bitcoin’s popularity in the market means that every online broker supports its purchase and exchange. These platforms also allow individuals to purchase BTC in various ways, with credit and debit cards being some of the most popular. While several other methods are supported, such as PayPal, investors are increasingly becoming more diverse in their preferred mode of purchasing cryptocurrencies. With Apple Pay being one of the most popular online payment channels due to its efficiency and seamless integration with iOS and macOS-based devices, it is now one of the payment options supported by crypto brokers, albeit not all.
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How to Purchase Bitcoin with Apple Pay
If you’re a trader looking to purchase Bitcoin, a few major crypto exchanges support payment via Apple Pay.
Coinmama
Coinmama has almost a decade of experience in facilitating crypto transactions. It is also popular for supporting multiple payment options, including buying crypto with Mastercard or Visa credit cards. Thanks to a deal secured with Apple in September 2020, users can purchase BTC on the platform via Apple Pay. Users should note, however, that Coinmama doesn’t facilitate seller-buyer transactions. Rather, all tokens purchased come from Coinmama’s own inventory, so each transaction is between you and the company. As such, you should have a Bitcoin wallet installed on your device before you can successfully complete your purchase. Here’s how to purchase Bitcoin via Apple Pay on Coinmama:
- Sign in to Coinmama via an iOS or macOS device that supports Apple Pay
- Open the menu dashboard and click Buy
- Select the Apple Pay option
- Confirm your payment by authenticating the purchase with a passcode, Touch ID or Face ID
- Confirm your wallet
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Coinbase
Coinbase is one of the largest crypto exchanges, second only to Binance regarding trading volume. It was founded in 2012, is publicly traded, and is based in the USA. With its user-friendly interface and advanced trading tools, Coinbase is one of the top crypto exchange choices for both beginners and veteran investors. Already boasting support for credit and debit cards, Coinbase also allows users to purchase Bitcoin via Apple Pay-compatible devices. Users should note that purchasing BTC on Coinbase incurs a fee of 4.99%, which is the same percentage that applies to purchases made with bank cards. Here’s how to purchase BTC on Coinbase using Apple Pay:
- Sign into Coinbase from your Apple Pay-compatible device
- From the dashboard, select Bitcoin and then click on Trade
- Click on Buy BTC with cash
- Enter the desired purchase amount
- Click on Add Payment Method and choose Apple Pay
- Confirm your purchase
BitPay
BitPay differs from regular crypto brokers in that rather than being merely an exchange platform like Binance or Coinbase, it is a non-custodial crypto app. Similar to how apps like Stripe process credit card payments, BitPay facilitates transactions in crypto, supporting 16 major cryptocurrencies, including Bitcoin. The easiest way to buy Bitcoin via Apple Pay on BitPay is to use the BitPay wallet app. Here’s how to do it:
- Download and launch the BitPay app for your device
- After signing into the platform, select Buy Crypto
- Select your preferred amount
- Choose Apple Pay as your preferred payment method
- Confirm your payment
Conclusion
Using Apple Pay is one of the most secure ways to purchase BTC. Apple Pay’s reliability and seamless synchronisation with iOS and macOS devices make it a more reliable method than via bank cards. Check out the channels recommended in this article to make easy and speedy BTC purchases via Apple Pay!
Frequently Asked Questions
Do All Crypto Brokers Allow Bitcoin Purchases via Apple Pay?
While most major brokers support this payment method, not all of them allow crypto purchases via Apple Pay.
Can I Buy Bitcoin without an Apple Pay-Supported Device?
Other alternative means of purchasing crypto from exchanges include Google Pay, PayPal, and credit and debit cards.
Can I Buy Bitcoin with Altcoins?
Yes, you can seamlessly swap altcoins like Litecoin, Dogecoin and Ripple for their Bitcoin equivalent on various crypto exchanges.