How to Buy Bitcoin with Apple Pay in 2022: Five Top Methods

As cryptocurrency exchanges continue to add cardless and cashless payment options for Bitcoin purchases, these choices are becoming more accessible. Apple Pay may now be used to purchase Bitcoin and other cryptocurrencies on exchanges.

This article will explain how to buy Bitcoin with Apple Pay and which exchanges permit Bitcoin purchases with Apple Pay.

Can Bitcoin be Purchased Using Apple Pay?

Apple Pay is supported by a small number of cryptocurrency exchanges as a way to fund an account with fiat currency. For instance, the popular cryptocurrency exchange Coinbase accepts Apple Pay as a deposit mechanism for Bitcoin-buying accounts. Apple Pay can be more convenient and secure than using a traditional credit card. Using Apple Pay and the card information stored in the Apple mobile wallet app, consumers may make a safe Bitcoin purchase through supported exchanges.

How to Purchase Bitcoin Using Apple Pay – A Guide

Here are some quick instructions for purchasing Bitcoin with Apple Pay:

1. Create an Apple Pay account: If they do not already have one, users must create an Apple Pay account. Apple Pay is exclusive to the iOS ecosystem, therefore users must possess an iOS-powered device. To finish the setup process, you must add a credit card to the Apple Pay wallet app.

2. Register on a cryptocurrency exchange: Locate and evaluate cryptocurrency exchanges and platforms that accept Apple Pay for Bitcoin purchases. Coinbase is one such exchange that supports Apple Pay.

3. Before purchasing Bitcoin, the majority of exchanges implement severe KYC (Know Your Customer) standards. To complete the KYC procedure, users must present a photo ID and verify their residence.

4. Deposit funds using Apple Pay: Automatically fund the account using Apple Pay on an iOS-supported device or Safari web browser. If the wallet is already linked to a Visa or Mastercard debit card, the process is simplified.

5. Buy Bitcoin by selecting Bitcoin from the list of digital currency, entering the desired purchase amount in dollars, and validating the BTC purchase.

Where to Purchase Bitcoin Using Apple Pay

Apple Pay is supported by a number of leading cryptocurrency exchanges for the purchase of Bitcoin. The exchanges that accept Apple Pay as a payment option are listed below.

1. Coinbase Is the Most User-Friendly

With over 98 million verified users in over 100 countries, Coinbase is one of the largest cryptocurrency exchanges. Coinbase is one of the simplest ways to get started with cryptocurrency ownership. A user need only submit their email address to begin immediately. With mobile apps for Android and iOS, you can manage your cryptocurrency portfolio while on the road.

The intuitive, user-friendly interface, which is probably Coinbase’s defining characteristic, makes utilizing the platform a breeze for beginners. Coinbase utilizes best-in-class security procedures to guarantee the safety of your cryptocurrency. Over 98% of the exchange’s deposits are strategically stored in offline cold storage facilities. Additionally, all accounts must have multifactor authentication.

A user can link a variety of payment methods to their Coinbase account. Bank account (ACH), debit card, wire transfer, PayPal, Google Pay, and Apple Pay are common payment options.

Apple Pay users can purchase Bitcoin on Coinbase using a linked debit card. Apple Pay’s cryptocurrency purchase limit is equal to the sum of your debit card’s limit and Coinbase’s limits. Therefore, if the transaction limit for a debit card is $2,000, a user can only purchase up to $2,000 worth of Bitcoin in a 24-hour period. The restrictions can be viewed in the Account Limits section of the ‘Settings’ page. Apple Pay does not support adding cash, cashing out, or selling cryptocurrency at this time.

Follow these procedures to fund a Coinbase account using Apple Pay:

1. Navigate to Payment Methods online (on the app, select Settings then Payment Methods)

2. Select Add Method of Payment

3. Select the account you wish to link

4. Comply with the directions and finish verification

2. Coinmama Is the Most Secure

Coinmama offers a simple, secure, and global way to purchase Bitcoin using a range of payment options, including Fedwire, SEPA Instant, Swift, bankcard (Debit or Credit card), Skrill, prepaid cards, Google Pay, and Apple Pay. With the majority of payment methods, consumers obtain their coins within ten minutes. Coinmama provides larger spending limitations for individuals purchasing cryptocurrencies using bank accounts. This includes the purchase of up to $30,000 in Bitcoin at a time.

Coinmama places a premium on the security of its users’ assets. The exchange validates all of its users to prevent fraud and maintain account security. Coinmama does not store Bitcoin on its servers, nor does it save your credit card or bank account details. There is the option of using a third-party wallet to maintain full control over the currencies.

Apple Pay makes purchasing Bitcoin on Coinmama exceedingly convenient and quick. To utilise this type of payment, consumers must first select the Apple Pay option. To finalise the payment, the user must authenticate with Apple using Touch ID, Face ID, or a passcode. The order status is then updated to In Process, indicating that one of the associated card processors is currently working on it. This takes only a few seconds.

If 2FA (2 Factor Authentication) is not activated, Coinmama will send an email containing confirmation instructions. Within an hour of validating their wallet, users can anticipate receiving their bitcoin. Note that Coinmama will not send digital currency unless the wallet address is confirmed by 2FA or email.

Depending on the loyalty level, Coinmama charges a commission ranging from 2.93 percent to 3.90 percent for crypto purchase transactions. Additionally, a 5% momentum fee may be assessed when using Apple Pay. Coinmama accepts a variety of native fiat currencies.

3. BitPay Is Ideal for Crypto Asset Transfers

BitPay, which was founded in 2011 as Copay by Jim Aviles and Stephen Pair, is currently a bitcoin payment service that enables customers to take cryptocurrencies and handle transactions. BitPay supports Bitcoin, prominent altcoins, tokens, and stable coins, and is continuously introducing new crypto assets. Individuals can transfer assets from any wallet or purchase them directly via the BitPay Wallet application. BitPay collaborates with Changelly, Simplex, and 1inch to facilitate the purchase and exchange of cryptocurrencies.

BitPay’s crypto wallet is non-custodial, meaning that only one user has access to all private keys and assets. Multi-signature security provides an additional degree of security for the platform. This indicates that many signatures are required to complete a transaction. Users can also exchange Bitcoin for other cryptocurrencies, like Ethereum, Dogecoin, and others.

Buying Bitcoin using Apple Pay via BitPay is quick, simple, and secure, especially when using the BitPay app. Users can import their preferred wallets from Coinbase, Kraken, Exodus, Trezor, KuCoin, and numerous more. Follow these steps to purchase Bitcoin using Apple Pay:

1. Download the BitPay application on your iPhone, iPad, or Mac.

2. To purchase cryptocurrencies through the app, tap “Buy Crypto”

3. Enter the amount to convert to Bitcoin from fiat currency (e.g. AUD, USD, EUR, GPB, and 36 others)

4. Choose Apple Pay as the method of payment

5. View and select a desired offer. BitPay collaborates with Simplex and Wyre to provide the lowest pricing possible and finish the transaction.

4. Kraken – Best for Low Fees

Kraken was established in 2011 and is one of the world’s oldest exchanges. Users can begin their adventure to possess 65+ cryptocurrencies, including Bitcoin, with as little as $10. Kraken’s strong liquidity makes it simple for users to execute buy and sell orders at the appropriate price and in a timely manner. The exchange’s large trading volumes and cheap marker costs allow you to optimise profits by quickly entering and exiting positions. Maker fees range from 0.16 percent to 0.00 percent. Order spreads are 1 pip or less (Point in Percentage).

Kraken’s cost structure is likewise competitive and investor-friendly, meeting the needs of both novice and seasoned crypto traders. The fee for purchasing stablecoins such as USDT or USDC using USD or another stablecoin is 0.9%. The fee for purchasing a stablecoin with another cryptocurrency, such as Bitcoin, is 1.5%. The processing cost for digital wallet payments is 3.75 percent plus $0.25. Users can finance their accounts using their preferred fiat currency as well as digital assets they currently possess.

In September 2021, Kraken implemented support for Apple Pay to its exchange. To utilise the payment option, users must download the Kraken app. The Kraken App will instantly link with a user’s existing account for smooth Apple Pay integration. Apple Pay offers a minimum and maximum purchase limit of $10 and $7,500 over a rolling seven-day period.

Follow these steps to acquire Bitcoin with Apple Pay on Kraken:

1. Open the Kraken app, tap the “Buy” button, and select Bitcoin.

2. Enter the amount to buy in Bitcoin

3. Choose Apple Pay from the ‘Pay With’ menu.

4. Examine and confirm the order.

5. Gemini – Ideal for Attracting Investors

Gemini was created by Cameron and Tyler Winklevoss, two early bitcoin investors who desired a secure platform to handle their digital asset portfolio. Gemini is a regulated cryptocurrency exchange, wallet, and custodian in the United States that provides access to eight blockchains and more than eighty cryptocurrencies. Gemini provides robust security and compliance procedures in addition to its portfolio of crypto assets. The Gemini Wallet enables customers to store their digital assets safely and securely in the platform’s insured hot wallet or institutional-grade cold storage system.

Gemini distinguishes itself by allowing users to earn daily compound interest on cryptocurrency holdings. Up to 8.05% APY is available, which is approximately 100 times the national average. Additionally, users have access to a variety of products and services, such as a crypto-rewards credit card and the possibility to pay their favourite shops with cryptocurrency. Both the Gemini mobile application and website offer an intuitive trading experience. Beginners can utilise the simple buy and sell option, while more experienced traders have access to advanced charting tools and several order types for swift trade execution.

Gemini offers a variety of methods for purchasing Bitcoin, but its integration of Apple Pay makes transactions simpler and more accessible for consumers. This feature supports around 30 coins in addition to Bitcoin. The existence of Apple Pay reduces entrance barriers into the cryptosphere and streamlines the payment procedure.

To buy Bitcoin on Gemini with Apple Pay, a customer must first link their debit card to the payment service. After that, they can proceed as follows:

1. Launch the Gemini mobile application and tap Bitcoin to acquire Bitcoin.

2. Click the buy button and select a one-time Bitcoin purchase or a regular deposit schedule. Enter the amount to be spent

3. Select Apple Pay and then click Pay

The best P2P exchange is Paxful.

Peer-to-peer (P2P) exchange Paxful offers digital wallets that accept over 350 different payment methods, including prepaid cards, Neteller, AirPAy, Abra, PayPal, Amazon gift cards, and many more. The platform connects buyers and sellers who can conduct business directly with one another as a peer-to-peer marketplace.

Any of Paxful’s payment options are used by the buyer to make a cash deposit to the seller’s account. The money is kept in the escrow account of Paxful. The seller releases the specified quantity of Bitcoin to the buyer after receiving payment confirmation from the escrow company. Users can start using Paxful with a $10 minimum purchase quantity and it is accessible worldwide. Users of Paxful simply need their email addresses to access the market, which gives it an edge over centralised exchanges.

Paxful implements KYC and AML (Anti-money laundering) protocols for a secure marketplace to guarantee the security of transactions. Additionally, every time a user deposits money or withdraws money, Paxful creates a new wallet.

Since Paxful connects consumers with thousands of Bitcoin retailers worldwide, purchasing bitcoin using Apple Pay is relatively straightforward. Users must first create an account or connect in to an existing one in order to purchase Bitcoin using Apple Pay. Once it has been created, select Apple Pay as the desired method and click Buy Bitcoin.

Look through seller profiles to find merchants with a solid reputation for selling Bitcoin and attractive offers. A user can click Buy to read the seller’s offer terms after finding a great price. The terms of engagement vary depending on the merchant, but the majority call for a government-issued ID and a screenshot of the Apple Pay balance.

To start a chat after accepting the seller’s terms, click Accept Terms and Buy Bitcoins Now. When the seller gets the go-ahead, send the payment, and once the transfer from the Apple Pay Account is complete, mark it as paid. The seller releases the Bitcoin to the buyer’s Paxful wallet when the transaction has been approved.

7. The Best for Businesses is CoinGate

For dealers, merchants, and companies of all sizes, CoinGate is the leading Bitcoin payment processor and gateway. Businesses can set up Bitcoin payments for any physical business or website using a variety of methods, such as API integration, point-of-sale applications, and official plugins for the bigger e-commerce platforms.

For individuals wishing to buy Bitcoin and other cryptocurrencies, CoinGate offers a variety of payment alternatives. To use any of the various payment alternatives, users must first register an account and authenticate their identity. Since the platform uses a short KYC process to ensure full compliance, CoinGate notes that not all payment choices require an account. SEPA bank transfers, debit and credit cards, and Apple Pay are a few of the most popular ways to purchase bitcoin.

To make Apple Pay a payment option for purchasing Bitcoin and other cryptocurrencies, CoinGate collaborates with Simplex. The following are the procedures to purchase bitcoin on CoinGate using Apple Pay:

Visit the Coingate website first.

2. Type the currency and desired spending amount.

3. Choose Bitcoin and type your BTC wallet address.

4. Select “Go to Checkout” from the menu.

5. Click Continue after selecting the Apple Pay payment method.

Your order will be handled by Simplex and processed in 24 hours or less. The acquired Bitcoin will be delivered right to the user’s BTC wallet, much as Coinmama and BitPay.

Pros of Using Apple Pay to Purchase Bitcoin

Choosing to purchase Bitcoin using Apple Pay has a number of advantages over other payment options. Several of these benefits include:

• Safe and secure: Since Apple Pay users don’t really use physical debit or credit cards, there is less risk of card information being compromised. Since transactions are performed via a token known as a “device account number,” users won’t divulge their card numbers.

• Payments are made more easily: In order to utilise Apple Pay, consumers must link their debit or credit card to the Apple Wallet. They can utilise Touch ID or put their phone close to an NFC scanner when using a mobile device. Since the information is saved in the digital wallet, there is no need to switch between cards.

• Control transactions and assets from a single location: In addition to purchasing Bitcoin using Apple Pay, users can store, use, and trade their virtual currency without ever leaving the app. An app is used to manage all of their cryptocurrency assets and associated transactions.

• No hidden fees: Apple collaborates with major financial institutions to offer its customers a smooth transaction. Users pay what they see; there are no additional markups, yearly fees, or hidden expenses.

• Pay offline: To use Apple Pay, users don’t require a WiFi or cellular data connection of any kind.

• Operate within the iOS ecosystem: Apple Pay operates within the iOS ecosystem, allowing customers to purchase Bitcoin from their iPad, Mac, and Apple Watch in addition to their iPhones.

Cons of Using Apple Pay to Buy Bitcoin

There are a few disadvantages to be aware of before using Apple Pay to buy Bitcoin:

• Not widely accepted: Despite Apple Pay’s current popularity as a payment mechanism, many crypto exchanges still do not accept it. Additionally, Apple Pay is not available to those without an iOS smartphone.

• Limited purchase: Apple Pay customers are limited in the amount they can spend. Users must consider alternative payment methods, such as bank transfers, in order to purchase Bitcoin worth several thousand dollars.

Coinbase Tutorial: How To Purchase Bitcoin Using Apple Pay

Step 1 is to register for Apple Pay.

Using an iOS smart device, create an Apple Pay account. To use the Apple Pay wallet app, connect the digital wallet to a credit or debit card.

Step 2: Sign up for a cryptocurrency exchange

To begin setting up an account with a cryptocurrency exchange that accepts Apple Pay as a payment option, go to the official Coinbase website. Users will have to choose a username and password as well as supply their personal information.

Step 3:Complete ID verification

Users of Coinbase must prove their identification in order to access all account-related features and prevent fraud. To ensure that only the account owner may modify payment information, the exchange additionally uses ID authentication. A driver’s licence, government-issued ID, passport, or National Identity card are the most frequently accepted forms of identity.

Step 4: Use Apple Pay to make a deposit.

Coinbase will immediately suggest using Apple Pay as a payment method if an Apple Wallet is already connected to a Visa or Mastercard debit card. An Apple Pay-compatible smartphone or the Safari web browser must be used to log into Coinbase. The Coinbase Card can be used by users who have not connected a debit card to their Apple Wallet. Since Apple Pay uses tokenization for all transactions, all user information is protected.

Deposits on Coinbase can be made using fiat money or cryptocurrency and cost nothing. Additionally, users can freely move money between wallets. Transaction costs for using the Coinbase Card are nonexistent.

Step 5: Purchase Bitcoin

Users can now look for Bitcoin among the various cryptocurrencies with a paid Coinbase account. Users should be able to click “Trade” after Bitcoin appears in search results.

Enter the amount in dollars you wish to spend on Bitcoin using Apple Pay. Before completing the purchase, users must check and confirm the transaction fees. Users who migrate to Coinbase Pro will pay cheaper transaction costs.

FAQ

Can I use Apple Pay to buy Bitcoin anonymously?

In order to purchase Bitcoin using Apple Pay, users must register and submit personal information.

Is Apple Pay Acceptable for Other Crypto Purchases?

Users can probably purchase additional cryptocurrencies besides Bitcoin with their Apple Pay deposit if an exchange or platform offers them.

Conclusion

Apple Pay offers users a quick, easy, and secure way to buy and sell Bitcoin. On the other hand, not all cryptocurrency exchanges accept this payment method, and only iOS users can use it. Fortunately, creating an Apple Pay account and tying your wallet to a debit or credit card complete the setup process.