There are more and more methods available to you to buy Bitcoin (BTC) and one of them is Google Pay. 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) through Google Pay?
Google Pay is a simple, fast and secure way to make payments through devices running the Android operating system. So, Google Pay can be used buy almost anything you want, including Bitcoin (BTC), as long as it complies with the terms of use of the credit card associated with them.
There is no denying that solutions such as Google Pay – and Apple Pay, used on Apple-branded devices – have become popular in recent years. Our smartphone goes with us wherever we go and has the ability to use it to pay to save real time.
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
This is non-exhaustive table of centralized crypto exchange platforms that allow buying Bitcoin with Google Pay:
Every platform is different, but the process of buying BTC through Google Pay is still much the same. It will be necessary to hold an account on the exchange, to validate the mandatory Know Your Customer (KYC) identity verification process during registration. Then, select “Google Pay” when you choose the payment method.
Note that Google Pay does not charge any additional fees or platform fees. 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 a non-custodial wallet
It is also possible to buy Bitcoin with Google Pay to receive them directly on your self-hosted wallet. Also known as non-custodial wallets, these are storage tools that imply that the user is completely responsible for managing their own cryptocurrencies and private key.
For example, digital wallets such as MetaMask or Exodus and physical wallets from the Ledger indirectly support Google Pay as a payment method.
Take for example the well-known digital wallet, MetaMask. You can click 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) in not providing any personal information to create an account. However, please note that partners that allow buying BTC through Google Pay are subject to KYC requirements and will therefore ask you to provide identification documents.
In case of MetaMask wallet, more than ten blockchains are supported. However, this is not the case with 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 wallet supports 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. 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 in to your account on the website through any browser or through the mobile application on your Android device. For the Internet, click on the button “Buy cryptos” 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). Select the desired amount and click on the “Continue” button.
Step 2 to Buy Bitcoin (BTC) with Google Pay on Binance
As a payment method, select Google Pay and then click the “Confirm” button. This will validate your order, but you have to do it within a minute, otherwise Binance will automatically recalculate the price. A window should open and you will be asked 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 do my best to distribute every detail related to the exciting world of cryptocurrencies and make it accessible and understandable to as many people as possible.
Lilian Aliaga
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