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How to Buy Crypto with Google Pay
If you’re wondering how to buy crypto assets such as Bitcoin with Google Pay, then you’re in the right place. We’ve assembled a step by step guide to show you how to buy crypto with Google Pay.
Using Google Pay is a great way to buy Bitcoin and other digital assets using one of the most secure payment method options. The process is similar to buying crypto using Apple Pay, with the difference essentially being what type of device you have. Let’s jump in.
Google Pay Pros & Cons
Pros
Near instant crypto purchases using local fiat currency
Fast and reliable payment service provider
Can buy Bitcoin directly using your bank account
Don’t have to enter personal details to make purchase
Cons
There may be additional fees charged by your bank, or for an exchange rate
If using a credit card there will be cash advance fees
Cannot sell crypto and send back to Google Pay payment method (such as bank account)
Not all countries support Google Pay
Step by Step Guide to Buying Bitcoin with Google Pay on Coinbase
Below you’ll find a step by step guide to buying Bitcoin with Google Pay using Coinbase Exchange. There are other exchanges that allow you to use Google Pay to buy crypto including Uphold and Kraken, while eToro allows you to add your eToro Money Card to Google Pay in order to use crypto for regular purchases. Double check if your preferred exchange accepts Google Pay as a payment method before proceeding.
Step 1: Download the Google Pay App
Before you can start using Google Pay to purchase Bitcoin or other digital assets, you’ll need the Google Pay app. In order to get the app, go to the Google Play Store and download it. This is much easier to do if using a mobile device.
Step 2: Set Up Your Google Pay Account and Add Your Payment Method
Once you’ve download the app, you’ll have to set up your Google Pay account. This includes setting up your billing address and other personal details. Then you can add your preferred payment method and other payment methods to the Google Pay account. You can add a credit or debit card to the Google Pay app.
Step 3: Go to Trading Platform such as Coinbase
After you’ve set up your Google Pay account and added a payment method to it, you can then go to your preferred crypto exchange that supports Google Pay purchases, such as Coinbase. There is no Google Pay Bitcoin broker, so you have to use an exchange.
Once you’re logged into your account, click “Buy & Sell”.
Step 4: Choose Crypto Assets and Amount
You’ll then see the below pop-up, you can choose to buy Bitcoin or another cryptocurrency by clicking the “Buy Bitcoin” tab. You can purchase crypto as a one-time buy, or as a recurring buy, and use the same payment method for either.
Step 5: Select Google Pay as Payment Method
Once you’re satisfied with the amount of Bitcoin or other cryptocurrencies, you can then select Google Pay as the payment method by tapping the “Pay with” tab and selecting Google Pay. Then click “Preview Buy” (will be where “Top up CAD Wallet is located in image).
Step 6: Complete Purchase
Once you have clicked “Preview Buy”, you’ll see the below. You can verify what payment method you’re using to buy Bitcoin with Google Pay. You will also see the cost to buy Bitcoin, including any additional fees charged by Coinbase (your credit or debit card provider may charge more fees). You can also choose to buy Bitcoin with Google Pay once, or on a recurring buy.
Once you’re satisfied, click “Buy now” to buy Bitcoin with Google Pay.
Step 7: Done!
You’ve now successfully used Google Pay to buy Bitcoin or another cryptocurrency. The assets will be deposited directly into your cryptocurrency exchange account for you to hold, buy, trade, or sell.
Google Pay Frequently Asked Questions
Though you can use Google Pay to purchase Bitcoin and other crypto assets in the US using Coinbase, not all countries support Google Pay for crypto purchases. Check with the trading platform to see if it accepts Google Pay from your location.
No, you can only purchase crypto using the Google Pay option, you cannot sell Bitcoin at this time. Same goes for Apple Pay. You will have to sell your crypto, then cash out to your bank account.
The exchange won’t charge fees when you buy Bitcoin with Google Pay, however, your credit or debit card provider might charge additional fees. Google Pay is just a payment service provider.
You can buy Bitcoin or other digital assets with Google Pay instantly. The crypto purchases should be deposited to your crypto exchange account after you select Google Pay as your secure payment method and complete the transaction.
No, there is no way for Google Pay users to stay anonymous when making a purchase using their G Pay account.
Generally, you can only use fiat currency with your Google Pay account. However, eToro allows you to add their eToro Money Visa debit card to Google Pay, which let’s you spend your crypto that way since it can be loaded using any asset in your eToro account.
