Guide: Purchasing Crypto Using Apple Pay Simplified

• Exploring the Utilization of Apple Pay in the Crypto Realm
• Understanding Apple Pay and Its Digital Wallet
• Purchasing Cryptocurrencies using Apple Pay Via Crypto Exchanges
• Alternative Options for Purchasing Crypto with Apple Pay

Exploring the Utilization of Apple Pay in the Crypto Realm

In recent months, a noticeable surge in Bitcoin$42,260 -0.64%'s (BTC) popularity has reverberated across the entire digital asset industry. As the world keenly awaits the approval of a Spot Bitcoin ETF, the question arises; how can one purchase crypto using Apple Pay? In the United States, more than 45 million users have utilized Apple Pay, making it one of the most widely used payment systems. Given the growing interest in digital assets, it seems only fitting to explore the feasibility of investing in this sector through Apple Pay.

Understanding Apple Pay and Its Digital Wallet

Before delving into the mechanics of buying cryptocurrencies via Apple Pay, it is crucial to discuss the service and its digital wallet. Launched in 2014, Apple Pay is a mobile payment service integrated into various Apple devices, including phones and watches, and is powered by Apple's iOS system.

As the demand for contactless payments rises, Apple Pay's usage has seen a commensurate increase, underpinned by the widespread adoption of Near Field Communication (NFC) technology. This, coupled with growing numbers of merchants accepting contactless payments, has propelled Apple Pay into mainstream usage.

The service facilitates payments at numerous locations across the US, both physically and virtually. However, amid the growing popularity of digital assets, the important question remains: Can Bitcoin or other cryptocurrencies be purchased with Apple Pay?

Purchasing Cryptocurrencies using Apple Pay Via Crypto Exchanges

Several methods exist for purchasing crypto through Apple Pay. One particularly popular avenue is through crypto exchanges such as Binance and Coinbase. These platforms allow users to buy, sell, and trade a variety of digital assets.

Moreover, partnerships with major payment corporations like Mastercard and Visa have simplified the process of cryptocurrency trading on these platforms. Notably, in 2021, Coinbase introduced the option to buy Bitcoin through Apple Pay, albeit with certain limitations.

For Coinbase users, the process is straightforward: log into your account on a device linked to Apple Pay, select Bitcoin from the list of crypto options, specify the desired amount, and confirm the purchase using Apple Pay as the payment method.

Binance also accommodates users wishing to purchase crypto with Apple Pay. The steps are similar to those for Coinbase: log into your account on an iOS device, select 'Wallet', and deposit USD. After this, you can select the 'Add a Payment' option, integrate Apple Pay, deposit funds from your Apple Pay account, and finally purchase the desired crypto.

Alternative Options for Purchasing Crypto with Apple Pay

While crypto exchanges provide efficient avenues for buying crypto with Apple Pay, other alternatives exist. Services like BitPay and MetaMask are also viable options.

BitPay, a renowned crypto payment service provider, added Apple Pay to its list of payment options in 2021. Similarly, MetaMask, an Ethereum$2,315 -2.42%-based digital asset wallet provider, implemented Apple Pay as a payment method in 2022. However, as it isn't directly integrated with Apple, users are redirected to Wyre to make payments via Apple Pay.

In summary, there are a variety of ways to purchase crypto using Apple Pay. Each of these services offers unique features, and users are encouraged to choose the one that best suits their transactional needs.

Edited by Jonathan Stoker