Can I Buy Bitcoin with Alipay? 

Alipay is one of the most widely used digital wallets in China and across Asia. Investors can deposit funds through Alipay onto Asian cryptocurrency exchanges that operate within local and international regulatory frameworks.

When funding your exchange account via Alipay, the process becomes both swift and secure, supporting transparent transfers that comply with Know-Your-Customer (KYC) and Anti-Money Laundering (AML) regulations. 

How to Buy Crypto with Alipay

Crypto investors can easily use Alipay to fund accounts on cryptocurrency exchanges, as it is one of the most popular global payment options and is accepted on most trading platforms.

Bybit is a trusted exchange available in over 160 countries worldwide, supporting Alipay deposits in 5 fiat currencies and enabling users to purchase over 2,000 cryptocurrencies.

Follow these simple steps to purchase crypto using Alipay on Bybit:

1. Open Account: Visit Bybit’s official website and sign up for a new account. Complete the required identity verification (KYC) by providing identification documents.
2. Deposit Funds: Navigate to the ‘Buy Crypto’ section and choose the ‘P2P Trading’ option. Set CNY or HKD as your preferred currency, select Alipay as your payment method, enter the amount you'd like to deposit, and finalize the transaction.
3. Select Your Cryptocurrency: After depositing funds, explore the extensive range of cryptocurrencies. Select the digital asset you'd like to purchase from the available listings.
4. Complete Your Purchase: Enter the desired purchase amount, carefully verify the transaction details, and confirm your order. The cryptocurrency you purchased will promptly appear in your Bybit wallet, ready for secure storage or trading.

Alternative Crypto Exchanges for Alipay Deposits

Crypto investors looking to deposit funds via Alipay have several reliable exchanges. These platforms support straightforward deposits through Alipay:

• Gate.io: Gate.io allows users to deposit CNY via Alipay through peer-to-peer transfers, offering access to over 3,600 cryptocurrencies. Trading fees are set at 0.1% per trade.
• Binance: Binance accepts Alipay through its user-friendly P2P marketplace, providing investors with more than 350 digital assets. Trading fees start at just 0.1%.
• OKX: OKX also supports CNY and HKD deposits via Alipay, giving traders access to over 300 cryptocurrencies, with trading fees starting at 0.1%.

Before selecting a crypto exchange for Alipay deposits, investors should carefully review key factors, including the range of cryptocurrencies offered, ease of deposits, transparency on trading fees, and the platform’s security measures and adherence to regulatory requirements.

About Alipay

Alipay, launched by Alibaba in 2004 and now operated by Ant Group, has become one of the world’s leading mobile and online payment platforms, with over 1.3 billion users and 80 million merchants globally. 

Initially built as an escrow payment method for Alibaba’s platforms, it rapidly expanded beyond e‑commerce into everyday use, handling bill payments, peer-to-peer transfers, in-store purchases via QR codes, and even innovative services like facial‑recognition “Smile to Pay” and AI‑driven risk monitoring.

Final Thoughts

Alipay provides crypto investors with a fast, secure, and reliable payment method, but selecting a regulated exchange like Bybit or Binance is crucial for a safe investing experience. 

Always prioritize platforms that offer clear compliance with KYC and AML standards, competitive fees, and robust security measures. By taking these precautions, investors can confidently leverage Alipay to securely expand their cryptocurrency portfolios.