If you’re reading this, chances are, you’ve decided to take the plunge and purchase crypto. Crypto is fascinating largely due to its underlying technology, which enables it to work without being overseen by governments or authorities. Because crypto is still an innovation, some people are drawn to them because they enjoy being ahead of the curve and want to participate in this technological development. Then, there’s also the fact that cryptocurrencies are still relatively new, and because of this, no one genuinely knows how much they should be worth.
Imagine this scenario: scientists have just discovered a new type of apples, which are juicy, delicious and super-healthy, and on top of that, can stay fresh for a long time. How much would these apples be worth? Well, it would be a mystery, really. In the end, no one can know whether these apples have any downsides, if they are difficult to grow and rare, or whether everyone will have this type of apple tree in their garden in a year or so. There’s a lot of speculation around them, and so, the apple’s price might sway due to this. It’s pretty much the same with cryptocurrencies: you cannot know which digital assets will grow in price, which will fall, nor when it will happen.
But what historical data has shown so far is that they do have huge potential. So, that’s why you might be here. You’re interested in building wealth with crypto to pursue whatever financial goal you have. Not only is it easy nowadays to access the top cryptocurrency on exchanges like Binance, and the modern market even provides a new level of convenience: buying crypto with Apple Pay. For iOS users, this means fewer steps, simplicity and an extra layer of security, reshaping how everyone invests in crypto, whether a newcomer or an expert.
Where can you buy crypto using Apple Pay?
How you purchase crypto via Apple Pay depends on your level of experience with crypto as well as your goals. Thankfully, there are plenty of modern options available, including major exchanges providing flexible network support, and mobile wallets and independent services developed for quick transactions. Today, for crypto, Apple pay support is standard for many platforms, and purchasing crypto is straightforward even for those who’re only beginning their journey in this fascinating space. There are three primary options with their own features when it comes to buying crypto with Apple Pay:
- Crypto exchanges. The most popular way to buy crypto via Apple Pay is using a crypto platform. Here, you can top up your balance but also exchange various coins or buy them, manage your portfolio, get started with trading, and store your assets securely. This option is ideal for those who want access to a wide range of cryptocurrencies, and value a modern interface as well as the broad internet’s capabilities.
- Wallet apps. Another option to buy crypto with Apple Pay is using mobile wallets. This allows you to purchase directly from your smartphone, and you also get full control over your assets wherever you are and at any moment. Wallet apps come with a limited selection of currencies, and purchase fee is around 3-5%, so this is something to keep in mind when considering whether to use them. Also, Apple Pay may not be accessible in all countries.
- Third-party services. If you don’t want to deal with forms and waiting at all, it’s possible to get crypto with zero bureaucracy in only a few clicks. The process is simple and fast, making it ideal for gifts or one-time purchases, although you should keep in mind that not all of these services make it seamless to convert vouchers back to fiat.
The easiest and most popular way to buy crypto via Apple Pay: Crypto exchanges
Exchanges offer simplicity, speed, and security, which is what makes them ideal for buying crypto through Apple Pay. Here’s how to proceed with the purchase:
- Selecting a crypto platform: First, you’ll have to choose a suitable crypto platform, but keep in mind that they aren’t all created the same, and you need to consider several factors to make the best choice. Beyond the available payment options, there are other questions you need to ask yourself, such as: What are the number of supported cryptocurrencies on the exchange? What’s the regulatory stance? What about the applicable fees and user interface? And most importantly, does the platform prioritize security?
- Creating and verifying your account: Once you’ve chosen an exchange, the next step is to create and verify your account, which involves undergoing a KYC assessment, where you’re basically required to submit documents that allow you to prove your location and identity.
- Navigate to the buy crypto section: On both the desktop interface and mobile interface, the “buy crypto” section is generally located in the home screen of the platform, and it’s where you’ll find listed all the cryptocurrencies that the exchange supports.
- Choose the crypto you want to buy: The next thing is to select the crypto you wish to buy, and afterwards, you will be prompted to input the amount of this asset. It can be helpful to have it denominated in GBP.
- Select “Apple Pay” as your preferred payment option: Once you’ve entered the amount you wish to pay, you’ll be prompted to continue with the payment by choosing the preferred option, and here, all you have to do is to select Apple Pay.
- Review the transaction details. Before you proceed with the payment, it’s very important to check the transaction details. At this step, you should also be able to see on the screen the applicable fees for the trade, and you may be required to complete the transaction through Touch ID or Face ID.
- Receive cryptocurrency. Once you’ve hit the “Pay” option, you will receive the crypto asset you paid for, and then, you will be able to navigate to your crypto balance where you can access your holdings.
The bottom line
Apple Pay makes it as effortless to buy crypto as it is to pay for goods at an e-commerce store. There are quite a sizable crypto exchange that support it as one of the payment methods ( as well as wallets), so you’ll have trouble-free purchases, and acquire BTC, ETH or any other coin of your choice instantly.
