How to buy Bitcoin with Google Pay in 2022

Google Pay is becoming more and more popular as a payment method, and now you can use it for cryptocurrencies like Bitcoin as well. This guide explains how.
Updated: Sep 20, 2022
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An increasing number of cryptocurrency brokers and exchanges are accepting Google Pay as a payment method. Read this guide to learn about the pluses and minuses of using Google Pay as a payment method to buy Bitcoin and other crypto, and the best platforms on which to do so.

Where can you buy Bitcoin with Google Pay?

We’ve compiled a list of the best crypto exchanges and brokers that accept Google Pay, so if you’re just looking for a platform then you can go ahead and pick one below to get started. Otherwise, keep reading to learn more about what to look for what makes a good broker.

What is a Google Pay Bitcoin broker?

A service that lets you buy and sell cryptocurrency while also accepting Google Pay as a payment method. More broadly, a Bitcoin broker is a platform that acts as a middle man to execute Bitcoin trades for you. If you’ve already linked your credit and/or debit card to Google Pay, a Google Pay broker can be a quick and easy way to transfer money into your account.

How to deposit and withdraw via Google Pay

Deposit

Different Bitcoin brokers and exchanges may have different procedures for making deposits. That said, these broad strokes offer some guidelines on how to deposit money using Google Pay:

  1. Open an account and then verify it with a form of photo ID.
  2. Go to your broker’s website, and select the Google Pay option on the “Add money” screen. 
  3. After that, you’ll be prompted to link your Google Pay account to your brokerage account.
  4. Enter the amount of Bitcoin you want to own and select Google Pay as the payment method.

Withdraw

You have two options. If you’ve already used Google Pay to make a deposit in your brokerage account, you can simply click withdraw on your broker’s website and the process will be done in a flash. Or even if you haven’t used Google Pay for deposits, as long as your broker accepts it, you can set up withdrawals by following the process outlined above.

What should I look for in a broker?

When looking for a broker you want to make sure that it offers quality service and best-in-class features as well as the ability to use Google Pay. Here are some key traits to look for.

  • Low withdrawal and deposit charges. The fees you’ll have to pay are generally lower than what you’ll find by transacting with, say, cash. Still, deposit and withdrawal fee amounts can vary. Our guides will help you find the most reasonable fees.
  • Speed. Your broker should let you find the coins you want and execute the trades within minutes. In some cases you can even do this instantly. 
  • Ease of use. The best brokers make the process a breeze. Don’t waste time with brokers that are confusing, have a complicated interface, or require you to jump through hoops before you can do anything.
  • A strong reputation. Positive reviews and industry awards are two of the most positive indicators for a broker’s reputation. Take the extra time to read up on the accolades of the platform you plan to choose.
  • A verifiable track record. Ideally the trading platform you choose will have been in business for a while, so you can ensure it carries a track record of reliability.

Should I buy BTC with Google Pay?

Pros

  • Fast and easy. Google Pay is one of the fastest and easiest contactless ways to make purchases around the world. 
  • Partnerships with numerous major banks. Google Pay is supported by the four biggest banks in the US, as well as numerous major financial institutions around the world. So you can link to a number of different payment cards all at once.
  • Increasingly accepted by Bitcoin brokers. In 2019, blockchain company Coin Ninja and crypto remittance company Wyre struck a deal to accept Google Pay as a payment method for any transaction with an intermediary. 

Cons

FAQs

Can I remain anonymous while using Google Pay?
Do I need a crypto wallet?
How fast is buying Bitcoin with Google Pay?
Are Bitcoin transactions using Google Pay instant?
Are there low fees when using Google Pay for Bitcoin?
Can I hold cryptocurrency in my Google Pay account?
Does Coinbase accept Google Pay?
Can I get other cryptos using Google Pay?
Is Google Pay the easiest way to get Bitcoin?
What’s the biggest pro and con of using Google Pay on a peer-to-peer exchange?
How easy is it to find a peer-to-peer exchange that accepts Google Pay?
Is using Google Pay recommended for beginners?
Is using Google Pay a more viable strategy if you plan to hold Bitcoin for the long term?

Sources & references
Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Jonah Keri
Financial Writer
Jonah Keri was a reporter for Invezz, wrote about stocks, cryptocurrencies, and other investments. He also covered emerging technologies for private clients. He is a trader… read more.