How to buy Bitcoin with Zippay

This introductory guide explains how to buy Bitcoin with Zippay. Follow our simple three step guide to make your first purchase.
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Updated: Jan 25, 2023
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Firstly, the most important question to answer is: can I buy Bitcoin with Zippay?

No, Zippay doesn’t allow you to purchase cryptocurrency. However, you can use Zippay to fund a trading account and buy Bitcoin that way.

You just need a crypto exchange that accepts Zippay deposits. And we’re here to help.

How to buy Bitcoin with Zippay – a step-by-step guide

It takes about 15 minutes to buy BTC with Zippay. Have a copy of your photo ID to hand and follow this guide to get started.

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Step 2. Create an account

You need an account before you can buy anything. Sign up with your contact details and a form of ID for verification.

Step 3. Make a deposit via Zippay

Enter how much you want to deposit and select Zippay as your payment method from the list of options.

Step 4. Use the search box to find Bitcoin

Use the search box on the home page to search for Bitcoin and the currency you want to pay in (such as GBP).

Step 5. Make your purchase

Enter how much Bitcoin you want to buy, check the details and process the transaction. Once the payment goes through, your new Bitcoin will show up in your exchange account.

Top Bitcoin platforms that accept Zippay

Quick answers to key questions

Can I buy crypto with Zippay?

Yes, you aren’t limited to buying Bitcoin alone. The only limit is which coins are available on the exchange you’ve chosen. Most crypto exchanges that support Zippay as a payment method offer 50+ cryptocurrencies and many offer hundreds more.

Is Zippay safe?

Yes, it’s completely safe to use Zippay. The only risk to look out for is to make sure you sign up to a regulated Zippay Bitcoin broker when buying Bitcoin. Using an unregulated broker platform can put your money at risk.

How much does it cost to buy Bitcoin via Zippay?

Expect to pay a fee of between 1-2% on every trade. There may also be a deposit fee, but that’s quite unusual.

Those are the broker fees. There will be additional fees from Zippay if you fail to pay each instalment in time. Late fees are a flat $5, charged 21 days after your due date.

Can I store Bitcoin in my Zippay account?

No, it’s impossible to store Bitcoin on Zippay at the moment. It’s a BNPL platform, not a crypto exchange or wallet.

Your best option for maximum security is to transfer your Bitcoin to a dedicated crypto wallet. An alternative is to leave it in your trading account, which is more convenient, but not quite as secure.

Why don’t more crypto platforms support Zippay?

Zippay is only available to users in Australia, Canada, and the US. As a result, few platforms accept it directly.

However, it’s possible to get around this by adding your Zippay card to your Google Pay or Apple Pay wallet. Most crypto platforms accept deposits made through these methods.

Should I buy Bitcoin using Zippay?

It’s an ideal way to spread the cost of your Bitcoin out over a few weeks. However, buy now, pay later schemes can become expensive and damage your credit score if you don’t make the payments.

As long as you consistently meet the payment dates, then Zippay can help you time your entry into the Bitcoin market. The best bet is to link Zippay to your Apple/Google Pay wallet and make your deposit that way.

Here are some pros and cons of using Zippay to buy Bitcoin.

Pros

  • Spread the cost of your Bitcoin purchase out over a few weeks
  • Link Zippay to Apple Pay or Google Pay to make a deposit with a Bitcoin broker
  • Zippay plans to add crypto purchases and wallets to the app in future

Cons

Is there an alternative to buying cryptocurrency with Zippay?

There are plenty of alternatives, whether you want to pay through an online payment provider or go down a more traditional route. Here are some of the different ways to pay for your Bitcoin purchase.

FAQs

Can I buy Bitcoin with Zippay on Coinbase?
Can I buy Bitcoin with Zippay on Cash App?
How do I fund my crypto account with Zippay?
Can I buy Bitcoin with Zippay instantly?
Can I buy Bitcoin with Zippay anonymously?
Can I buy Bitcoin with Zippay in the UK?

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 >

James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.