Home
/
Investing
/
How to Buy Crypto with Google Pay

How to Buy Crypto with Google Pay

Find out how to buy crypto with Google Pay, featuring tips on selecting exchanges, understanding fees, and making informed trading choices.

Summary: Google Pay is a viable option for purchasing cryptocurrencies through different exchanges, despite not processing crypto transactions directly. Bybit, known for its adherence to international standards, accepts Google Pay for deposits, facilitating the acquisition of a broad range of over 1,000 cryptocurrencies across more than 150 countries.

The procedure involves setting up an account on Bybit, funding it through Google Pay in various currencies such as USD, EUR, HKD, and GBP, and then proceeding to buy your chosen cryptocurrency. It's important to consider the differing fees across platforms, with Bybit offering a notably low trading fee of 0.1%.

Best Platform for Crypto with Google Pay
5.0 out of 5.0 by Datawallet
Bybit stands out as the best platform for Google Pay due to its low fees, a wide range of over 1,000 cryptocurrencies, and a user-friendly interface that aligns with global regulatory standards.
Available Cryptos
1,000+ Cryptocurrencies and Stablecoins.
Trading Fees
0.01% Taker Fee and -0.025 Maker Rebate.
Deposit Methods
Bank Transfer, Google Pay, Debit Card, Credit Card and more.

Content Guide
Daily Newsletter & Research  🗞️

Get the daily newsletter keeping 200,000 investors ahead of the market.

Your email been received!
Please double check your email address.

Can I Buy Crypto with Google Pay?

Yes, you can use Google Pay to buy cryptocurrencies on several exchanges. Start by selecting an exchange that accepts Google Pay. Linking your Google Pay to the exchange allows for straightforward purchases of different cryptocurrencies or adding traditional fiat currencies like US Dollars, Euros or Pounds to your account. Google Pay itself doesn’t process crypto transactions but provides a smooth way to transact on exchanges that support it.

How to Buy Crypto with Google Pay

Acquiring cryptocurrencies like Tether (USDT) through Google Pay is efficient on platforms like Bybit. Known for its compliance with global standards and user-friendly trading environment, Bybit offers a wide selection of over 1,000 cryptocurrencies, including USDT. Google Pay serves as a flexible payment method on Bybit, allowing transactions in various currencies such as USD, EUR, HKD, and GBP.

Here’s how you can start on Bybit:

  1. Account Setup: Visit Bybit's website to create your account.
  2. Fund with Google Pay: Log in and use Google Pay to deposit in your preferred currency, be it USD, EUR, HKD, or GBP.
  3. Locate USDT: Navigate to the trading area and find USDT.
  4. Buy USDT: Choose how much you wish to spend in your selected currency, and follow the prompts to complete your USDT purchase.
Buy Crypto with Google Pay

What are the Fees?

In the process of exchanging currencies such as USD, EUR, and GBP to USDT via Google Pay, users encounter several fees, including for deposits, trading, and withdrawals. These fees vary among different crypto exchanges, with trading fees usually falling between 0.1% and 0.5%.

Bybit stands out for its competitive trading fee of only 0.1%, applicable to all transactions, including USDT trades. This low fee, coupled with Bybit's notable liquidity, makes it an attractive option for investors using Google Pay to exchange currencies like USD, EUR, or GBP into USDT, offering both effective and economical transaction experiences.

Will Google Pay Support Cryptocurrencies?

Currently, Google Pay does not support direct transactions in cryptocurrencies, including popular options like Bitcoin, Ethereum, and others. The primary reason is the evolving nature of these digital assets. Cryptocurrencies are increasingly popular but are still relatively new in the financial world. The regulatory landscape governing cryptocurrencies is under development and lacks the definitive clarity found in traditional financial systems.

For services like Google Pay, which prioritize strict regulatory compliance, the shifting regulatory framework for cryptocurrencies is a critical factor. Until a more definitive and stable set of regulations is established, it remains challenging for platforms like Google Pay to incorporate these digital currencies into their payment systems.

Bottom Line

In summary, Google Pay facilitates the purchase of cryptocurrencies via exchanges like Bybit, which offer a broad range of digital currencies and user-friendly features under strict international compliance. While Google Pay itself doesn’t handle crypto transactions directly due to regulatory considerations, its integration with exchanges provides a streamlined and accessible solution for crypto investors, combining ease of use with competitive fees. This makes it a practical option for engaging in the digital currency market.

Frequently Asked Questions

Got More Questions? We've Got Answers.
A Guide to Commonly Asked FAQs.

No items found.

Recent Guides

Explore the ease of bridging to Sei from Ethereum and Cosmos networks, utilizing the Sei Bridge for safe, efficient asset transfers with popular wallets.
How to Bridge to Sei

Explore the ease of bridging to Sei from Ethereum and Cosmos networks, utilizing the Sei Bridge for safe, efficient asset transfers with popular wallets.

April 18, 2024
Explore how Uniswap revolutionizes DeFi with its secure platform, continuous upgrades, and expansion into NFTs and multi-chain support.
What is Uniswap?

Explore how Uniswap revolutionizes DeFi with its secure platform, continuous upgrades, and expansion into NFTs and multi-chain support.

April 18, 2024
Discover the best crypto exchanges in Canada, ensuring a blend of exceptional security and rigorous regulatory compliance.
Best Crypto Exchanges in Canada

Discover the best crypto exchanges in Canada, ensuring a blend of exceptional security and rigorous regulatory compliance.

April 17, 2024