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For the last few months, Bitcoin (BTC) has been booming in a development that has seemingly impacted the entire digital asset industry. Indeed, as anticipation for the approval of a Spot Bitcoin ETF reaches a fever pitch, we break down how to buy crypto with Apple Pay.

In the United States alone, Apple Pay has been used by more than 45 million users. Due to the popularity of Apple products, it has catapulted itself into being one of the most popular payment systems. Therefore, it could be a viable option when seeking to invest in the growing digital asset sector.

So, let’s explore a little more about the Apple Pay service, and if it’s possible to buy Bitcoin and other digital assets with it.

Apple Pay and Its Digital Wallet

Also Read: How Many People Use Apple Pay in 2023?

Before we explore the cryptocurrency buying potential of the service, let’s talk a bit about Apple Pay and its digital wallet. Indeed, Apple Pay is a mobile payment offering that first debuted in 2014. Moreover, the service is supported by Apple’s iOS system and is integrated into Apple phones, watches, and other products.

Apple Pay has seen its usage climb with the growing popularity of contactless payments. Specifically, the use of Near Field Communication (NFC) has catapulted the technology. The addition of more merchants accepting contactless payments only did more to propel the service to the mainstream.

The payment service can be used at a host of different locations across the country, both in person and online. Additionally, the combining prevalence of the service and contactless accepting locations increased just what you could buy with your own Apple Pay account.

However, amid the surging popularity of digital assets, knowing if you can buy bitcoin or crypto with Appe {Pay is crucial. So, let’s explore how you could invest in these blockchain-based currencies. Specifically, through the use of your Apple Pay services.

Buying Crypto With Apple Pay Through an Exchange

Also Read: Twitter Founder Questions Why Apple Pay Doesn’t Support Bitcoin

Now, when it comes to buying crypto with Apple Pay, there are a few ways to go about it. Firstly, a popular option is crypto exchanges. Specifically, this includes companies like Binance and Coinbase. The United Statse-based crypto exchange offers different services that allow users to buy, sell, and trade different digital assets.

Additionally, companies like Mastercard and Visa sports partnerships with the exchange. Therefore, trading has become way easier with these payment methods. Moreover, in 2021, Coinbase introduced the ability to purchase Bitcoin with an Apple Pay account. However, this is only possible with a linked debit card and does not allow the user to sell or cash out the digital assets.

For Coinbase, users will only have to log in to their account on a device that is linked to Apple Pay. Then, they will select Bitcoin in cryptocurrency options, before entering the amount they want to acquire in the “Buy BTC” option. Then, select the Apple Pay method, and confirm the purchase.

Alternatively, Binance is an option for users who are seeking to purchase crypto with Apple Pay. for this, you will need to follow similar steps to Coinbase users, by logging into your account on an iOS account. Then, you will select the Wallet option and deposit USD.

From there, you can select the Add a Payment option that will allow you to integrate Apple Pay. From there, you can deposit the selected amount from your Apple Pay account. Then, purchase the desired crypto at the specified amount using those deposited funds.

Other Options

Also Read: Does Kohls Take Apple Pay?

Although cryptocurrency exchanges are ideal ways to buy crypto with Apple Pay, there are others. Specifically, entities like BitPay, and MetaMAsk are good alternatives for using the services.

BitPay is a popular crypto payment service provider. Moreover, it added Apple Pay to its list of payment options in 2021. Additionally, MetaMask, which is an Ethereum-based digital asset wallet provider, also allows the purchase of crypto through Apple Pay. Indeed, it added the system to its offerings in 2022. However, because it is not integrated into Apple directly, users will be redirected to Wyre. From there, they can make a payment through Apple Pay.

Altogether, there are a host of different ways that you can use Apple Pay to purchase crypto. Moreover, you can observe these different services, and decide as to which is best for you and your transactional needs.

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