Buy btc with apple pay

How to Buy Bitcoins with Apple Pay

The companies below let you buy bitcoin via Apple Pay.

We may receive advertising compensation when you click certain products. Before jumping into this page, an important disclosure.

Coinbase is the world’s largest bitcoin broker. Customers can use ApplePay to buy crypto like Bitcoin and Ethereum as well as other coins on the platform. Coinbase charges a flat 1.49% fee on all transactions. If you want to cash out, though, you will need to use a method other than ApplePay.

• High liquidity and buying limits
• Easy way for newcomers to get bitcoins
• «Instant Buy» option available with debit card

• Purchases made with bank transfer can take up to 5 days to complete
• Coinbase may track how and where you spend your bitcoins

With Coinmama, its easy to use your preferred payments methods you’ve set up in your ApplePay account. Coinmama charges a 4.9%-5.9% (depends on volume) fee on each purchase.

• Works in almost all countries
• Highest limits for buying bitcoins with a credit card
• Reliable and trusted broker

• Some of the highest fees among credit/debit card bitcoin brokers

Lumi is a multicurrency cryptocurrency wallet that has a built in exchange. The Lumi exchange offers fiat crypto buys via ApplePay. As with most exchanges integreated into wallets, you will need to download the wallet to access the exchange. And like most wallet exchanges, fees are also high.

• Easy to use for existing Lumi users
• Supports ApplePay
• Supports many cryptos

• High fees
• Must download wallet

Exodus is a multicurrency cryptocurrency wallet that has a built in exchange. This exchange supports several payment methods, and ApplePay is one of the easiest to use. You will need to download the wallet to access the exchange though. And like most wallet exchanges, fees are also high.

• Easy to use for existing Exodus users
• Supports ApplePay
• Supports many cryptos

• High fees
• Must download wallet

Buying Bitcoin has a reputation for being difficult and intimidating, but in reality it really doesn’t have to be so complicated.

These days, it can be as simple as picking up your phone, tapping a few times, authenticating the purchase, and receiving your Bitcoin.

If you’re looking to learn how to buy Bitcoin using Apple Pay — one of the most convenient ways to purchase the cryptocurrency — you’ve come to the right place. But first, let’s take a look at what exactly Apple Pay is.

Chapter 1

Buying Bitcoin with Apple Pay

There are a number of services that support buying Bitcoin with Apple Pay. Coinmama, Wyre, and Banxa all support many U.S. states and dozens of countries worldwide, with some notable differences between their offerings. Additionally, there is always the option of peer-to-peer markets, which offer the widest range of payment methods.

Buying Bitcoin With Apple Pay on Coinmama

Coinmama is one of the largest cryptocurrency exchanges to support Apple Pay. They unveiled this feature in a blogpost that touched on recent trends toward mass adoption of crypto, such as PayPal allowing users to purchase Bitcoin on their platform.

Buying Bitcoin with Apple Pay on Coinmama is simple. After creating and verifying an account, head to the Buy page, where you’ll see options for buying amount of Bitcoin ranging from $100 to $1000. You can also select a custom amount to purchase.

After selecting the amount you wish to purchase and entering the wallet address you want your Bitcoin sent to, select Apple Pay from the range of payment options listed. You’ll need to do this on a device with an Apple Pay-compatible card linked.

As you can see, there is a 5% fee applied for the convenience of using Apple Pay to buy Bitcoin in a matter of minutes. Coinmama makes it easy to see exactly how much Bitcoin you’ll be receiving and how much you’ll pay in fees.

Buying Bitcoin With Apple Pay Using Wyre

Wyre allows you to buy Bitcoin and many other cryptocurrencies using a Visa, Mastercard, or Discover credit or debit card. You can link any of these supported cards to Apple Pay and checkout with it for a streamlined experience.

One of Wyre’s best features is that it doesn’t require you to create an account or undergo KYC verification in order to purchase Bitcoin, meaning your personal information isn’t at risk in the event of a potential data breach.

Purchasing Bitcoin using Apple Pay with Wyre is available to residents of all U.S. states excluding Connecticut, Hawaii, New York, New Hampshire, Texas, Vermont, and Virginia.

Internationally, residents of Algeria, Argentina, Australia, Austria, Belarus, Belgium, Bolivia, Brazil, Canada, Chile, Colombia, Costa Rica, Cyprus, Czech Republic, Denmark, Dominican Republic, Estonia, Finland, France, Germany, Greece, France, Hong Kong, Iceland, India, Indonesia, Israel, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Malaysia, Mexico, Nepal, The Netherlands, New Zealand, Norway, Paraguay, Peru, Philippines, Poland, Portugal, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, Tanzania, Thailand, Turkey, and Vietnam can use the service.

Users can link Visa, Mastercard, or Discover debit or credit cards, making it one of the few platforms to support credit cards. Some card providers categorize cryptocurrency purchases differently to regular transactions and impose a cash advance fee. It’s worth checking with your provider to confirm what fees, if any, they will apply.

There is a minimum purchase amount of $1.00. U.S. residents can buy $500 per week, up to a maximum of $5,000 per year. Residents of other supported countries can purchase $1,000 weekly up to $7,500 yearly.

Fees are more competitive than CoinMama, with a $5 minimum fee or 2.9% + $0.30, whichever is greater.

Wyre does not have its own standalone app. Instead, it partners with platforms such as Redeeem and BRD to power in-app crypto purchases.

Buying Bitcoin With Apple Pay Using Banxa

Banxa is very similar to Wyre in that it provides fiat on-ramp services to third-party platforms such as Shapeshift and Changelly. It has the added benefit of having a standalone web interface, meaning you can purchase Bitcoin directly through Banxa’s website.

You will, however, have to provide documents to satisfy Know Your Customer and Anti-Money Laundering (KYC/AML) laws.

Buying Bitcoin With Apple Cash

Another way to purchase Bitcoin using Apple Pay is by using Apple Cash. Apple Cash allows you to send money from any linked card to a recipient. This can be anyone, all you need is their iMessage details. iMessages are end-to-end encrypted, so you’re not sending any payment details in the clear.

You can use Apple Cash to buy Bitcoin on a number of peer-to-peer (P2P) exchanges. Paxful has a decent amount of sellers who accept Apple Cash.

LocalBitcoins is another option.

Be aware that many sellers have quite stringent identity verification policies.

As always, be sure to conduct trades only through the P2P platform where you are protected by the escrow and dispute arbitration services.

Chapter 2

What is Apple Pay?

Apple Pay is Apple’s iOS native payment service and digital wallet. Apple Pay improves on traditional payment methods in many ways, especially when it comes to security.

Your card number is never shared with the merchant you’re purchasing from. Neither does Apple keep track of your transactions, meaning your purchases can’t be used to build a profile that can then be sold to advertisers — as MasterCard, Amex, and potentially many more card providers do.

Not content with merely acting as the middleman for other payment providers, Apple Card is the tech giant’s answer to complicated credit card fee schedules and lack of customer privacy. There are no annual fees, and Apple doesn’t print any number on the physical card. This means that if it falls into the wrong hands, the potential thief would not be able to use your card details to purchase anything — even online, which typically only requires the information immediately visible on the card. It integrates easily with the iOS Wallet app and Apple Pay.

Apple Pay’s software takes advantage of a special chip that all models since the iPhone 6 have built in. This chip, called an embedded Secure Element (eSE), is a specially-designed, tamperproof piece of hardware that can securely host applications and their sensitive data. This can include cryptographic keys, the same keys that secure cryptocurrency wallets. This means that these function a lot like a crypto hardware wallet.

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3 Ways to Buy Bitcoin with Apple Pay

By: Alex Miguel | Last updated: 5/2/21

Popular Bitcoin exchanges are starting to open up to the increasingly-popular Apple Pay payment method. In this post, I’ll be reviewing some of the best options users currently have for buying Bitcoin with Apple Pay.

Buy Bitcoin with Apple Pay Summary

The easiest way to buy Bitcoin with Apple Pay would probably be Coinmama. Here are the steps:

1. Get your own Bitcoin wallet.
2. Visit Coinmama, select the amount of Bitcoin you wish to buy and click “Buy Now”.
3. Complete the KYC process.
4. Paste your Bitcoin wallet address.
5. Select Apple Pay as your purchase method.
6. Complete the purchase.

That’s it! If you want to read in depth about additional exchanges that accept credit cards keep on reading. Here’s what I’ll cover:

1. Buy Bitcoin with Apple Pay through Coinbase

Pros: User-friendly interface, established reputation

Cons: Some US states not supported, high fees

Founded in 2012, Coinbase is one of the most popular and well-known cryptocurrency exchanges in the world. Publicly traded and based in the US, Coinbase is a beginner-friendly platform that makes it easy to buy crypto.

Coinbase already supported instant purchases with debit or credit card, but has now added Apple Pay as a highly convenient option for iOS users. This will automatically appear as a payment option when using the Coinbase website on an Apple Pay-compatible device, making the process super-simple. Fees work out to be the same as bank card purchases, for a total of charge of 4.99%.

How to Use Coinbase

1. Sign into Coinbase on an iOS device that supports Apple Pay.
2. Click on Bitcoin on the dashboard, then select “Trade”.
3. Select “Buy BTC with cash”.
4. Enter the amount that you wish to purchase, then select “Add payment method”.
5. Select “Apple Pay”.
6. Confirm the purchase via Apple Pay on your device.

2. Buy Bitcoin with Apple Pay through Coinmama

Pros: Well-respected company, great customer support, available worldwide

Cons: Some US states not supported, high fees

Coinmama is a cryptocurrency exchange that has been around since 2013 and is available in 188 countries. Coinmama is well-known for enabling users to buy Bitcoins using a credit card and now also accepts Apple Pay. The platform is easy to use and sends coins immediately following payment.

Although fees are relatively high, they are still competitive when using Apple Pay as a payment method when considering other factors such as market premiums.

How to Use Coinmama

1. Get your own Bitcoin wallet – (you can read our complete Bitcoin wallet guide here)
2. Select the amount of Bitcoin you wish to buy on the homepage.
3. Click “Buy”
4. Fill out your details and confirm your identity with a photo ID. This should take Coinmama only a couple of hours to verify .
5. Paste your Bitcoin address into the form.
6. Select Apple Pay as your purchase method.
7. Complete the purchase.

3. Buy Bitcoin with Apple Pay through Paxful

Pros: No buying fees

Cons: Seller premiums are high, purchase limits are low

Paxful is a peer-to-peer (p2p) cryptocurrency exchange that was founded in 2015. Paxful connects buyers and sellers of Bitcoin and other cryptocurrencies through a variety of payment methods, including Apple Pay. Paxful doesn’t charge fees for cryptocurrency purchases, however there can sometimes be a substantial premium charged by the seller over the current market price.

It’s also worth noting that as with all p2p services, it is important to evaluate the individual seller’s credibility – not just the credibility of the platform itself.

How to Use Paxful

1. Create an account and verify your details.
2. Select Apple Pay as your payment option.
3. Choose the currency you want the exchange rate to be in.
4. Search for offers, pick a seller and click “Buy”.
5. Enter the amount that you wish to purchase.
6. Follow the instructions for payment, then click “Mark as paid”.
7. The seller will release the Bitcoins to your Paxful wallet.

4. Buy Bitcoin with Apple Pay through Exodus Wallet

Pros: Easy to use, purchases can be made in-app

Cons: Maximum purchase limit is low, not available to many countries

Exodus is an extremely user-friendly wallet which is perfect for beginners. It’s been around since 2015 and supports Apple Pay purchases on the latest version of their iOS app, with a limit of $250. Buying Bitcoin with fiat currency on Exodus is only available to around 40 countries around the world.

How to Use Exodus

1. Download and install the Exodus app.
2. Run the app and go to the “Profile” tab.
3. Tap on “Buy Bitcoin”.
4. Select the amount of Bitcoin that you wish to buy.
5. Double check the amount of Bitcoin you have selected and then tap “Pay”.
6. Confirm the purchase via Apple Pay.
7. The Bitcoin should appear shortly in your Exodus wallet.

5. Buy Bitcoin with Apple Pay through BitPay

Pros : Well-established company, also supports shopping with crypto

Cons : Custodial wallet, low maximum purchase limits for US customers

BitPay is one of the largest cryptocurrency payment processors in the world. Based in Atlanta, USA, it is well known for helping merchants accept crypto payments and convert them to fiat currency at the point of sale.

The company provides a mobile app which allows users to buy, exchange and shop with crypto. Like some of the other wallets, BitPay facilitates Bitcoin purchases via Apple Pay, in a partnership with Simplex and Wyre. Maximum purchase amounts are the standard Simplex limits, which include $500 for US users and $1000 for other countries. Around 45 countries are supported for Apple Pay purchases via BitPay.

How to Use Apple Pay with BitPay

1. Download and install the BitPay app

2. Open the app and set up a wallet

3. Tap the “Buy Crypto” tab
4. Enter the amount that you wish to spend on Bitcoin
5. Confirm your payment method and country
6. Confirm the purchase using Apple Pay.

6. Conclusion: How do I choose which exchange to use?

Since there still aren’t too many options for buying Bitcoins with Apple Pay, it’s quite easy to pick an exchange to use. If you’re in the United States and want to buy large amounts of Bitcoins quickly and securely, Coinmama is your best option. Exodus is the best option for US users looking to buy smaller amounts and easier transactions. If you’re anywhere else in the world Paxful works great.

Have you used Apple Pay to buy Bitcoins? Let me know how your experience went in the comment section below.

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