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How to buy Bitcoin with Apple Pay in 2023

This introductory guide explains how to buy Bitcoin with Apple Pay. Follow our simple three step guide to make your first purchase.

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Updated: May 12, 2023

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Firstly, the most important question to answer is: can I buy Bitcoin with Apple Pay?

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

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

How to buy Bitcoin with Apple Pay – a step-by-step guide

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

Step 1. Sign up with Nexo

We recommend Nexo as the best platform to use to buy BTC with Apple Pay.

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 Apple Pay

Enter how much you want to deposit and select Apple Pay 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 Apple Pay

1. Nexo. Best for earning interest & rewards

Visit site

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No. assets

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Minimum deposit

Crypto

Platform type

Pros & Cons

Offers excellent rates of interest on crypto and fiat savings Nexo debit card makes it easy to access and spend your funds Access crypto loans and collateral Equipped with top quality security infrastructure and insured

No anonymous option, your identity must be verified to place buy and sell orders Margins calls if the value of your collateral drops between a certain level

Overview

We love Nexo because you earn rewards every time you make a purchase. You can trade 60+ cryptocurrencies and earn rewards of up to 0.5% on every transaction, then store your coins on Nexo to build your wealth through passive interest payments.

You can trade on the go from a mobile app and Nexo is designed for simplicity. Every trade is locked in at the rate you see on your screen, so you won’t suffer from price slippage, and it has the added bonus that any crypto held in your account automatically starts to earn interest.

The fees: Nexo charges a 2% spread on buy and sell transactions. There are no fees for storing coins in your Nexo account. Depending on your loyalty tier, you receive a fixed number of free withdrawals, and any additional withdrawals will be charged a network fee.

Visit Nexo Nexo Review

2. KuCoin. Best social trading altcoin exchange

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No. assets

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Minimum deposit

Crypto

Platform type

Pros & Cons

Anonymous trading with up to 2 BTC withdrawals/24 hours Wide variety of cryptocurrencies No deposit fees

Low trading volumes not suitable for big traders Doesn’t support U.S. customers You might experience delays and lags during high-traffic times.

Overview

We love KuCoin because it;s a great place for beginners to trade more than 700 altcoins. KuCoin is a social trading platform with 20+ million investors worldwide in 200+ countries.

KuCoin’s beginner zone offers up rewards up to $500 for new users. The rest of the platform has plenty of features for the crypto enthusiast: a staking service to earn money on your stored crypto, an NFT marketplace, and margin trading features to buy leveraged tokens.

The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.

Visit KuCoin KuCoin Review

Quick answers to key questions

Can I buy crypto with Apple Pay?

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 Apple Pay as a payment method offer 50+ cryptocurrencies and many offer hundreds more.

Is Apple Pay safe?

Yes, it’s completely safe to use Apple Pay. The only risk to look out for is to make sure you sign up to a regulated Apple Pay 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 Apple Pay?

The fees range from £0 to 2-3% of the total transaction. This is the same as using a debit card to fund your account and buy crypto as there are no additional fees for using Apple Pay.

Can I store Bitcoin in my Apple Pay account?

No, you cannot store cryptocurrency on Apple Pay. You have to use Apple Pay to fund an account with a Bitcoin trading platform and store the crypto you buy on there, or in a dedicated crypto wallet, instead.

Why don’t more crypto platforms support Apple Pay?

Most platforms do support it. Apple Pay is simply a way to use your cards online. Anywhere that accepts a card payment usually accepts Apple Pay as well.

Should I buy Bitcoin using Apple Pay?

If you want an easy way to buy it with a card payment, then Apple Pay is an excellent choice. It offers plenty of flexibility so that you can pay with any card that’s attached to your Apple Pay account.

The only drawbacks are that you can’t hold any crypto on Apple Pay. Here is a quick summary of the other pros and cons.

Pros

Apple Pay is a low fee way to buy and charges no additional fees
Low minimum transaction sizes makes it a beginner-friendly way to pay
Flexibility as you can pay with any of your cards

Cons

Can’t store crypto on Apple Pay

Is there an alternative to buying cryptocurrency with Apple Pay?

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.