More and more methods are available to you to buy Bitcoin (BTC) and Google Pay is one of them. How to buy BTC with Google Pay and what are the best platforms to do it? All the answers in this article.
Is it possible to buy Bitcoin (BTC) via Google Pay?
Google Pay is a simple, fast and secure way to make payments via devices running the Android operating system. So, it is possible to use Google Pay to buy almost anything you want, including Bitcoin (BTC), as long as it complies with the terms of use of the associated credit card.
It is undeniable that solutions such as Google Pay – and Apple Pay, used on Apple-branded devices – have become popular in recent years. Our smartphone accompanies us wherever we go and the ability to use it to pay is a real time saver.
Like many traders, many cryptocurrency trading platforms now support this payment method. Let’s see together how to buy Bitcoin with Google Pay.
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Buy Bitcoin with Google Pay on centralized platforms
Here is a non-exhaustive table of centralized cryptocurrency exchange platforms allowing the purchase of Bitcoin with Google Pay:
Each platform is different, but the process of buying BTC through Google Pay remains much the same. It will be necessary to hold an account on the exchange, to validate the process of verification of your identity Know Your Customer (KYC) obligatory during registration. Then, simply select “Google Pay” when choosing the payment method.
Note that Google Pay does not apply any additional fees than those of the platform. In other words, you will only have to pay the commission charged by the platform.
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Buy Bitcoin with Google Pay on non-custodial wallets
It is also possible to buy Bitcoin with Google Pay in order to receive them directly on your self-hosted wallets. Also called non-custodial wallets, these are storage tools implying that the user is fully responsible for managing its own cryptocurrencies and private key.
For exemple, digital wallets such as MetaMask or Exodus and physical wallets from Ledger indirectly support Google Pay as a means of payment.
Take for example the well-known digital wallet, MetaMask. It is possible to click on the “Buy” button in your browser extension and then go through one of the wallet partners (Coinbase Pay, MoonPay, Transak) to make the purchase by selecting “Google Pay”.
Some will see the advantage of MetaMask (or most other digital wallets) of not having to provide any personal information to create an account. Nevertheless, note that partners allowing the purchase of BTC via Google Pay are subject to KYC requirements and will therefore ask you to provide identity documents.
In the case of the MetaMask wallet, more than ten blockchains are supported. Nevertheless, this is not the case for bitcoin. However, it will be possible to buy Ether (ETH) and then exchange it for BTC on decentralized exchange platforms. This does not apply to Ledger, whose wallets support Bitcoin.
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Tutorial: Buy Bitcoin (BTC) with Google Pay on Binance
Let’s see together how buy Bitcoin with Google Pay on Binance. You don’t have an account on this platform yet? Find our guide to create an account on Binance in a few minutes.
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To do this, simply log into your account on the website via any browser or via the mobile application on your Android device. In the case of the Internet, click on the “Buy cryptos” button and then on “Credit/debit card”:
Step 1 of Buying Bitcoin (BTC) with Google Pay on Binance
Next, select the fiat currency you are using (euro for example) and the cryptocurrency you want to buy, here Bitcoin (BTC). Choose the desired amount and click on the “Continue” button.
Step 2 for Buying Bitcoin (BTC) with Google Pay on Binance
As payment method, select Google Pay then click on the “Confirm” button. This will validate your order, but you will have to do it within a minute, otherwise Binance will recalculate the price automatically. A window should open and will ask you to select the bank card of your choice.
Once the order is confirmed, it should appear in your history and your BTC will be sent to your Binance wallet within hours. So, you bought BTC with Google Pay.
👉 To go further: How to buy Bitcoin with PayPal?
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Journalist for Cryptoast, I strive to dissect every detail of the exciting world of cryptocurrencies and make it accessible and understandable to as many people as possible.
Lilian Aliaga
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