In recent months, the world of cryptocurrencies, with particular attention to Bitcoin (BTC), has led more users to use Apple Pay to buy crypto. Attracting the interest of the digital asset industry. While enthusiasm for the approval of a Bitcoin Spot ETF reaches its peak, many wonder how it is possible to buy cryptocurrencies through Apple Pay. With over 45 million users in the United States alone, Apple Pay presents itself as an enticing choice for those looking to invest in the growing digital asset sector.
Discovering Apple Pay and Its Digital Wallet
Before delving into the process of purchasing cryptocurrencies, let’s take a brief overview of Apple Pay and its digital wallet. Launched in 2014, Apple Pay is a mobile payment service integrated into Apple’s iOS ecosystem, compatible with phones, watches, and other devices from the company. Its widespread adoption is linked to the growing trend of contactless payments, especially thanks to Near Field Communication (NFC) technology.
The flexibility of Apple Pay extends to online and in-person transactions, offering users a wide range of payment options. In a context of growing popularity of digital assets, the ability to use Apple Pay for cryptocurrency transactions becomes of vital importance.
Buying Crypto with Apple Pay Through Exchanges
A very practical way to buy cryptocurrencies through Apple Pay is to take advantage of specialized exchanges, such as Binance and Coinbase. Coinbase, a well-known American platform, simplifies the purchase, sale, and trading of various cryptocurrencies. In 2021, it introduced the possibility to buy Bitcoin through Apple Pay, provided you have a linked debit card. It should be noted that this option does not support the sale or withdrawal of digital assets.
Purchasing Process on Coinbase:
- Access Coinbase from a device connected to Apple Pay.
- Select the “Bitcoin” option in the cryptocurrency section.
- Enter the desired amount you wish to purchase.
- Choose the “Buy BTC” option to start the transaction.
- Select Apple Pay as the payment method.
- Confirm the purchase to complete the transaction.
Purchasing Process on Binance:
- Access Binance using an iOS device.
- Go to the “Portfolio” section of the app.
- Make a deposit in USD into your Binance account.
- Add a new payment method to integrate Apple Pay.
- Deposit the desired amount into your Binance account.
- Select the cryptocurrency you want to buy.
- Confirm the purchase to finalize the transaction.
These simplified steps illustrate how to use Coinbase and Binance to purchase cryptocurrencies through Apple Pay. Make sure you have a linked debit card for Coinbase and carefully follow the instructions to integrate Apple Pay as a payment method on Binance.
Explore Alternative Options
In addition to exchanges, there are online alternatives such as BitPay and MetaMask, which even allow cryptocurrency payments through Apple Pay. BitPay introduced support for Apple Pay in 2021, while MetaMask, an Ethereum-based wallet provider, implemented it in 2022. MetaMask users are redirected to Wyre for Apple Pay payment processing.
In conclusion, Apple Pay offers several ways to enter the world of cryptocurrencies. To choose the approach that best suits their preferences and desired transactions, users can explore established exchanges or evaluate alternative services. The use of Apple Pay greatly simplifies the process of purchasing cryptocurrencies, allowing users to move seamlessly between the opportunities offered by digital assets. The growing popularity of Apple Pay and cryptocurrencies highlights the importance of staying informed for those interested in investing in this constantly evolving sector.