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Apple Pay offers a seamless way to purchase cryptocurrencies directly from your iPhone or other Apple devices. By utilizing apps that support Apple Pay, users can easily link their accounts to buy various digital currencies. These apps provide a secure and fast method to transact, bypassing traditional banking hassles. Choose a reputable crypto exchange or wallet app that supports Apple Pay, and start your crypto journey with just a few taps. Let’s find out where and how to buy crypto with Apple Pay.

Signing up on a Cex 

Centralized exchanges (Cex) are platforms where users can buy, sell, and trade cryptocurrencies. These exchanges control the trading environment, maintaining custody of users’ funds and overseeing all transactions to ensure security and compliance with regulatory frameworks.

They usually offer user-friendly interfaces, customer support, and various trading options. They operate under a centralized authority that manages the platform’s operations, including account verification processes and other transactions.

Here are some popular Cex that accept Apple Pay as a payment method:

• Binance
• KuCoin
• Coinbase
• Kraken
• Crypto.com
• and others

To buy crypto on a centralized exchange with Apple Pay, you will need to have a verified account. As you may already know, depending on your country of residence, you may be asked to provide some of your details such as your:

• Full name
• Date of birth
• Home address
• Phone number and email address
• Country of citizenship
• Copy of your ID
• And others

They will then verify your account which will take from a few minutes (or hours) to a few days depending on the exchange.

Buying Crypto on a Cex with Apple Pay 

Once verified, you will be able to go to the ‘Buy crypto’ or ‘Deposit’ section. Here are the next steps:

• Choose the cryptocurrency you wish to acquire
• Add the amount in your currency (the equivalent amount will also appear in crypto)
• Select Apple Pay as a payment method
• Confirm transaction

Exploring DeFi Exchanges with Apple Pay

You can also buy, sell, and trade cryptocurrencies on decentralized exchanges (Dex). They are, however, slightly different than centralized exchanges. They do not work with traditional banks or any regulatory framework, and they do not store users’ funds or personal information. Users therefore retain control of their private keys and assets.

Although a few years back, you could not buy crypto directly on a Dex, some Dex now offer the option to add funds from Apple Pay. Here are some of them and their supported networks:

• Pancakeswap (BNB Chain, Ethereum, Polygon, zkSync, Base and others)
• Sushiswap (BNB Chain, Fantom, Avalanche, Base, Ethereum and others)

In order to use these platforms, you simply need to select the right network (or chain) and connect your wallet. Then go to their ‘buy crypto’ section and select the coin you wish to purchase and the amount.

Crypto Wallets and Apple Pay

A crypto wallet is a digital tool that allows users to store, send, and receive cryptocurrency securely. It can be centralized, meaning it is managed by a single entity such as a company, which provides ease of use and customer support. Alternatively, it can be decentralized, offering users full control over their keys and a higher degree of privacy and security.

Here are some popular wallets:

• Metamask
• Trust Wallet

You will have the option to buy crypto with Apple Pay. To buy crypto with Apple Pay on a wallet, click on ‘Buy crypto’, select the coin of your choice, your currency, and the amount of money you want to invest. They will generate a quick quote (from one of their partners) and show you the approximate amount that you will get in the coin. If happy with the amount you can confirm the transaction. The coin will then appear in your wallet.

Peer-to-peer (P2P) Platforms

Peer-to-peer (P2P) platforms facilitate direct exchanges of cryptocurrency between individuals without the need for a centralized intermediary. This decentralized approach allows users to trade directly with each other, using a variety of payment methods. The benefits of using P2P platforms include enhanced privacy, potentially lower transaction fees, and access to a broader range of markets and currencies. These platforms always incorporate solid security measures and reputation systems to ensure the safety and reliability of transactions. They also offer a more personalized and flexible trading experience.

Paxful is a platform that allows users to buy Bitcoin using Apple Pay. On Paxful, transactions are protected with an escrow system, and users can select from a variety of Bitcoin vendors worldwide without additional fees for Apple Pay transactions.

Other type of Platforms

Other platforms can be used to buy crypto with Apple Pay, such as CoinGate.

CoinGate is a blockchain payment processor that allows businesses and individuals to accept various cryptocurrencies as payment methods. It integrates with a merchant’s payment gateway, enabling them to receive payments in Bitcoin, Ethereum, and other cryptocurrencies, which are then either retained as digital currency or converted into fiat money, based on the user’s preference.

To use CoinGate to buy cryptocurrency with Apple Pay, you need to set up a CoinGate account. Once your account is active, navigate the section to buy crypto and select the cryptocurrency you wish to purchase. Then choose Apple Pay as your payment method. After confirming the transaction details, you will need to authenticate and complete the payment using your Apple Pay account. It will securely process your payment and credit the purchased cryptocurrency to your CoinGate wallet.