How to Buy Bitcoin With Google Pay | Beginner's Guide | Bankless Times (2024)

Nowadays, Bitcoin trading platforms accept a wide range of fiat payment methods. You can use them to deposit fiat money (such as USD, GBP, or EUR) into your account and buy Bitcoin and other available cryptocurrencies. If you have a Google Pay account and are looking for a quick and easy way to invest in Bitcoin, you’ve come to the right place.

In this guide, we’ll show you some of the top Bitcoin brokers that accept Google Pay. We’ll discuss how these brokers work, and how to use Google Pay to buy Bitcoin and we’ll point out some of the significant advantages and disadvantages of using this payment option while also suggesting the best alternatives to Google Pay.

Top Bitcoin Brokers That Accept Google Pay

Our team of professional Bitcoin traders has made a list of the top Bitcoin brokers that accept Google Pay. Feel free to explore it and pick the one that meets your needs.

What Is a Google Pay Bitcoin Broker?

A Google Pay Bitcoin broker is an online cryptocurrency trading platform that accepts Google Pay as a payment method for deposits and withdrawals.

To buy Bitcoin with Google pay on one of these platforms, you need to open an account and fund it with fiat money (such as USD, GBP or EUR). To do that, it’s essential to use reliable fiat payment options — such as Google Pay.

Google Pay is an online payment system owned by Google. It’s also a type of digital wallet that powers online, in-person, and in-app purchases. It’s available only to people who have Android phones, tablets, or watches. This service was formerly known as Android Pay, but it has merged with Google Wallet to create a unified app branded as Google Pay (or simply, G Pay).

What Crypto Platforms Accept Google Pay to Buy Bitcoin?

To deposit your money to an online cryptocurrency broker, you must find one that accepts Google Pay. Only centralized platforms do, as they can accept fiat-to-crypto (and vice versa) exchanges.

On the other hand, decentralized platforms such as Paxful allow only crypto-to-crypto, which means no fiat payment options are accepted.

Unfortunately, not all centralized brokers take Google Pay as a payment option, as it’s less popular compared to, say, credit cards, PayPal, or bank transfer. Still, we’ve made sure that all brokers on this page accept G Pay deposits.

How to Buy Bitcoin with Google Pay?

If you’ve already used Google Pay before, buying Bitcoin shouldn’t be an issue for you. Even if you’re a first-time G Pay user, it won’t take much to understand the entire process and become a proud owner of the so-called “digital gold.”

Here’s an overview of how you can get started and buy Bitcoin with Google Pay:

How to Deposit and Withdraw via Google Pay

To buy Bitcoin with Google Pay, you need to load your account with fiat money, and that’s where Google Pay comes into play.

Here’s what standard deposit and withdrawal processes look like for online Bitcoin brokers.

Deposit

Every platform has a somewhat unique deposit process so the process might vary depending on the Bitcoin platform you choose. That said, here are some general guidelines that should make the entire procedure clear.

Google Pay is an instant payment method, meaning your deposit should be available seconds after the transaction has been confirmed. It is also worth a note that you don’t need a Google wallet to deposit funds to the Bitcoin exchange.

Withdraw

Google Pay cannot accept cryptocurrencies by itself. Therefore, you can only use Google Pay to withdraw fiat funds from your broker account.

This is a reasonably easy procedure, and it’s similar to most online brokers. Here’s how to get started with funds withdrawal:

If you’ve already connected your Google Pay account once you’ve deposited funds, you probably won’t have to take any additional steps.

Also, please note that some brokers might accept Google Pay deposits but not withdrawals. As well as make sure you have your card or Google wallet connected to your Google Pay so that the funds can land into the appropriate account.

Therefore, if you intend to withdraw fiat money via Google Pay, make sure to check whether that’s possible in the first place.

What Should I Look For When Buying Bitcoin with Google Pay?

We made sure to pick the best Google Pay Bitcoin brokers for you. Still, if you decide to do some research yourself, here’s what you need to pay attention to.

Security: The broker needs to provide maximum security to all users and protect their funds and sensitive data. Moreover, it needs to make sure all its operations are protected from cyberattacks.

Speed: Some brokers are faster than others, and speed is critical in the fast-paced world of online cryptocurrency trading. Therefore, you want your broker to be as fast as possible in every possible sense.

Ease-of-use: You want to select a trading platform that you feel comfortable using. If you’re new to the world of cryptocurrency trading, you should pick a beginner-friendly broker for starters. Feel free to compare the brokers’ features on this page and choose the one that has the interface that suits you.

Fees: Like it or not, all Bitcoin brokers charge for their services. Usually, these are low fees but apart from trading fees, some might charge deposit and withdrawal fees too. Try to find the best price/quality ratio for your budget.

Should I Buy Bitcoin Using Google Pay?

Google Pay is fast, secure, and convenient. However, it also has some downsides, so we’ve decided to list all the advantages and disadvantages of using this payment method.

Pros & Cons

Is Using Google Pay the Best Method to Buy Bitcoin?

Google Pay is an excellent payment method, but we wouldn’t go as far as to call it the best for buying Bitcoin.

The main reason for this is that it’s still not accepted by many Bitcoin brokers, so you’ll have to look for an alternative if the broker of your choice doesn’t offer Google Pay.

The good news is that all platforms listed on this page accept Google Pay.

What to Consider when Buying Bitcoin with Google Pay

Google Pay is one method to buy Bitcoin, even if it is not the most straightforward. You have more options for cryptocurrencies when you pay with a credit card, debit card or bank transfer. But you can still buy BTC with Google Pay.

Even though the Google Pay transaction itself is quick, the registration process will probably take some time. This is because you need to comply with KYC standards. The KYC process requires you to prove your identity and income before you are approved by the platform.

What Are the Alternative Payment Methods to Buy Bitcoin with?

If you want other payment methods for buying BTC, here are some alternatives you should consider:

PayPal: PayPal is the most popular digital wallet in the world, and it’s accepted by several online crypto trading platforms. It offers fast and secure payments and even accepts cryptocurrencies as of recently. Check out our guide to buying Bitcoin with Neteller to see which one you prefer. You can also use other mobile apps to buy crypto.

Apple Pay: Apple is Android’s main competitor. Therefore, Apple Pay is also competing with Google Pay for its share of the market. If you’re an Apple device user, it makes much more sense to use Apple Pay. Check out our guide to buying Bitcoin with Apple Pay to see which one you prefer.

Credit cards: Credit cards are the most popular online payment method, so it’s no wonder that most online cryptocurrency trading sites accept them. The most popular credit cards are Visa and Mastercard, followed by American Express and Discover.

Final Thoughts on Buying Bitcoin with Google Pay

To sum up, Google Pay is a popular payment method used for deposits and withdrawals from online Bitcoin brokers around the world. It’s fast and secure — however, it’s not accepted by some platforms.

If you’re ready to make your first Google Pay deposit and buy Bitcoin, scroll up and check out the list of the best G Pay Bitcoin brokers.

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