Buy Crypto with Apple Pay
In this guide, we outline the safest and easiest way to buy Bitcoin and Cryptocurrencies with your Apple Pay wallet online. Get started with low fees for over 270 crypto assets.
Summary: Apple Pay does not directly support the purchase of Bitcoin or other cryptocurrencies via its mobile wallet or iOS App. Nevertheless, there are many regulated cryptocurrency exchanges that accept Apple Pay for deposits to enable cryptocurrency transactions.
Our top pick for Apple Pay users is Uphold, which allows investors to deposit over 30 currencies (e.g. USD, EUR, GBP) via Apple Pay to trade over 270 cryptocurrencies. Their platform is licensed and regulated in over 120 countries and offers zero-commission trading and industry-leading spreads.
Can I Buy Crypto with Apple Pay?
Yes, you can purchase Bitcoin and other cryptocurrencies using Apple Pay. However, you'll need to go through an internationally recognized and regulated exchange that accepts Apple Pay as a payment method. Numerous platforms accept Apple Pay and allow transactions in several fiat currencies.
Apple Pay itself doesn't directly enable cryptocurrency transactions, so you'll need to use a reliable and regulatory-compliant exchange. Choosing a regulated global exchange helps secure your transactions and guarantees adherence to consumer protection standards.
How to Buy Crypto with Apple Pay
As previously mentioned, the safest way to buy Bitcoin and digital assets with an Apple Pay account is through a regulated platform. We recommend Uphold as they are regulated in over 120 countries and allows quick, cost-effective deposits and withdrawals through Apple Pay, enabling trading of over 270 cryptocurrencies without trading fees and with minimal spreads. All VISA and Mastercards are accepted.
Follow these five steps to get started or refer to the video guide below for more details:
- Register on the Uphold platform and verify your identity.
- Click on "Transact" at the bottom of the screen, select "Apple Pay," and specify your deposit amount.
- Search for the asset you wish to purchase and specify the investment amount.
- Click on "Preview deposit" and review all the details.
- Choose "Buy with Apple Pay," confirm the card for use, and finalize your transaction.
Deposit Limits for Apple Pay
The current 24 hour deposit limit to buy Cryptocurrencies on the Uphold platform with Apple Pay is $500 USD. This limit is reset at midnight every day and can be increased if you reach out to their support team. The average deposit limit on other platforms like Coinbase and Kraken for Apple Pay deposits is also $500 USD.
What are the Benefits of Buying Crypto with Apple Pay?
Using Apple Pay to buy Cryptocurrencies has a range of benefits:
- Low Fees – Uphold charges zero fees for all crypto purchases and a small spread of 0.5%, making it one of the cheapest crypto brokers.
- Quick – Purchases are quick and easy with no additional wait time for funds to be transferred from your bank account.
- Secure – Apple Pay is protected by your credit card company or bank, so you can rest assured that your money and account are secure.
- Easy to Use – Apple Pay is easy to use and familiar, making it a great option for first-time investors looking to get started.
- Convenience – You don't have to worry about transferring money into an exchange or waiting for funds to be transferred. You can purchase Bitcoin or other cryptocurrencies directly with Apple Pay and they're available in your wallet right away.
Will Apple Support Crypto Purchases in the Future?
As of now, Apple has not made any official announcements about plans to facilitate direct cryptocurrency purchases via their iOS app. However, investors are keenly anticipating such a development. Should Apple decide to support native crypto purchases through iPhones and other iOS apps, it would significantly promote the adoption of digital assets.
What is Apple Pay?
Apple Pay is a mobile payment and digital wallet service by Apple Inc. that allows users to make payments in person, in iOS apps, and on the web. It is available on iPhone, iPad, and Apple Watch devices. Using Apple Pay is simple, and it can be used to make purchases with a tap of the finger or a double-click of the side button on an Apple Watch. To use Apple Pay, you'll need to add a credit or debit card to the Wallet app on your Apple device. Then, you can use Apple Pay to make payments at participating retailers, both online and in person.
Final Thoughts
In conclusion, although Apple Pay does not directly facilitate cryptocurrency transactions, it can be effectively used for crypto purchases via regulated exchange platforms such as Uphold. With its secure, convenient, and user-friendly interface, Apple Pay has emerged as an attractive option for crypto investors.
Remember that while Apple Pay simplifies transactions, it's important to rely on regulated exchanges to ensure the security and regulatory compliance of your crypto investments. Currently, direct crypto purchases aren't supported natively by Apple, but the potential for this feature is eagerly anticipated. Until then, Apple Pay continues to provide a seamless and secure payment option for those venturing into the world of cryptocurrencies.
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