How to buy Bitcoin with Google Pay in 2024

This introductory guide explains how to buy Bitcoin with Google Pay. Follow our simple three step guide to make your first purchase.
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Updated: Jan 25, 2024
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Firstly, the most important question to answer is: can I buy Bitcoin with Google Pay?

Yes, you can buy Bitcoin with Google Pay by selecting it as your payment method with any compatible exchange or broker. 

This guide explains how to buy Bitcoin with Google Pay. Use our step-by-step guide to learn how to buy crypto using this popular payment option. Discover how much it costs to use Google Pay to buy Bitcoin and find the best exchange or broker to use.

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

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

Step 1. Sign up with Plus500

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We recommend Plus500 as the best platform to use to buy BTC with Google Pay.

1
Min. Deposit
$ 100
Best offer
User Score
9.9
CFDs on BTC, ETH, LTC, NEO, XRP, IOTA, EOS, BAB, ADA, TRX, XMR
No need to open a crypto exchange account or use a special wallet
Regulated Broker – FCA, ASIC, CySEC (license number 250/14)
Start Trading
Payment Methods:
American Express, Apple Pay, Bank Transfer, Credit Card, Debit Card, Discover, Google Pay, Mastercard, PayPal, SEPA, Trustly, Visa, , skrill
Full Regulations:
ASIC, FCA, FSA, MAS, cysec-250-14-regulator, isa-regulator

82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Step 2. Create an account

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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 Google Pay

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

Step 4. Use the search box to find Bitcoin

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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

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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 Google Pay

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1. Plus500. Best for international CFD trading*

From 2%

Fees

$100

Minimum deposit

3,000

No. assets

Yes

Demo/virtual account

Pros & Cons

Can get a free demo account A great mobile platform Well regulated in multiple jurisdictions Wide variety of CFDs to trade Several good risk management tools
No support on trading information and education Website isn’t brilliantly designed to help users find answers to their questions No MetaTrader trading platform compatibility

Overview

We love Plus500 because it is one of the industry’s most transparent and reliable brokers. Its fees are clear and you’ll know exactly what you will be paying before you make a trade. Its technology driven platform gives access to over 2800 instruments, including CFDs on stocks, forex, commodities, and cryptocurrencies among several others.

Plus500 has something for all types of traders, no matter what level of experience. It’s zero commission and tight spreads make it a top choice for day traders and its trading academy is packed with educational content, perfect for beginners just starting. 

For accurate instrument availability, visit plus500.com.

The fees: There are no commission fees on any trades with Plus500 and it makes it money through the Bid/Ask spread. Spread starts from 0.01% or 0.9 pips and varies depending on the instrument. Additional fees include overnight funding which is dependant on trade size and guaranteed stop orders, which add a minimum of 10% to the spread. There is an inactivity charge of £10 per month for accounts not logged in for three months. 

*Based on a comparison of 60+ leading brokers and trading platforms.

Highlights

Visit Plus500 Plus500 Review

82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. Bitstamp. Best for professionals & trading with APIs

...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Low trading fees and no spreads Supports multiple fiat currencies Regulated platform
Limited number of coins available Major fees on deposits and withdrawals Liquidity has suffered due to the limited selection of coins and most liquidity is concentrated in top names like Bitcoin and Ether

Overview

We love Bitstamp because it has a proud reputation for top performance over more than decade. Bitstamp offers trading on 75+ cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, while staking is available on Ethereum and Algorand. 

Bitstamp was one of the first crypto platforms to set up shop in 2011 and has built up trust since. It’s designed with institutional traders in mind, so it prides itself on near 100% uptime. It stores 95% of assets in cold storage and offers a sliding scale of fees so that high volume traders get the best rates.

The fees: There are no trading fees if you trade less than $1,000 in a rolling 30-day period. Above that, fees start from 0.4% and decline the higher your trading volume is. There is a 15% charge for staking. Withdrawals are charged a flat €3 fee.

Highlights

Visit Bitstamp Bitstamp Review

3. Kraken: Best for simple, global cryptocurrency trading from your phone

...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Cheap/ free deposits in EUR and cheap deposits for the USA Margin trading and Futures supported Transparency - it was the first exchange to carry out proof of reserves Low fees in comparison to other exchanges
Catered towards professional traders with large trading volumes Slow account verification in comparison to other brokers

Overview

We love Kraken because it’s a beginner-friendly crypto trading platform, one that’s designed to make it quick and convenient to buy and sell crypto on the go. Creating an account is free, then you’re ready to make your first step, with no time-consuming verification periods.

With 200+ crypto tokens at your fingertips, a 24/7 support system, and an extensive educational platform, Kraken is the perfect place to take your first steps into crypto. It’s perfect for international traders outside the US, and is available in 190 countries around the world.

The fees: Kraken charges a fee of between 0-0.26% on every crypto trade. There are no costs to set up an account and no flat trading fees.

Highlights

Visit Kraken Kraken Review

What is a Google Pay Bitcoin broker?

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A Google Pay bitcoin broker is a cryptocurrency exchange or platform that allows you to buy bitcoin and other tokens using a Google Pay account as a payment method. 

Google Pay crypto exchanges integrate with the payment method to provide an easy way for users to purchase crypto using the funds in their Google account. This offers a convenient and secure payment method for crypto purchases.

Quick answers to key questions

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Can I buy crypto with Google Pay?

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Yes, Google Pay is one of the easiest payment methods to use when buying Bitcoin for Android users. Google Pay works similarly to other mobile payment options like Apple Pay. All you need to do is link your credit or debit card to your Google Pay account and you can make quick payments using your mobile device. 

When using the Google Pay online payment platform you’re not just limited to Bitcoin. Most exchanges and brokers that accept Google Pay let you buy a range of cryptos which means you can use Google Pay to buy Ethereum, Litecoin, and many more.

Is Google Pay safe?

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Yes, buying Bitcoin with Google Pay is generally safe when done through reputable platforms. Google Pay is extremely secure, using industry standard encryption and fraud prevention measures, so your fiat currency funds are safe. 

Your crypto purchase and account will be secure as long as you use a major, trustworthy exchange. Enable 2-factor authentication on your Google account and the crypto exchange for optimal safety.

Does Google Pay charge fees?

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No, Google Pay itself does not charge any fees for purchasing or transferring cryptocurrencies through its service. However, there may be fees charged by the cryptocurrency exchange or broker for transactions. Check the fee schedule of any platform you use to buy crypto with GPay.

How much does it cost to buy Bitcoin via Google Pay?

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You have to pay the broker’s trading fees, which range from $0 to 2-3% of the transaction value. There may also be deposit fees, but these are rare. 

There are no extra fees to use Google Pay, the cost is the same as if you paid via a regular card payment.

Can I store Bitcoin in my Google Pay account?

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No, Google Pay does not directly store or hold cryptocurrencies like Bitcoin. When you buy Bitcoin with Google Pay, it is purchased through a third-party broker and held in your account wallet on that platform. Google Pay simply facilitates the fiat currency transaction to complete the crypto purchase.

What countries support Google Pay?

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Google Pay is supported in over 30 countries globally, including the United States, Canada, the UK, France, Germany, Italy, Spain, Poland, Australia, Brazil, Russia, India, Japan, Taiwan and more. 

The full list of supported countries is available on Google Pay’s website. Users must be in a supported country to add a debit/credit card or bank account and use it for crypto purchases.

How does withdrawal work with Google Pay?

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Google Pay itself does not currently support the direct withdrawal of cryptocurrency assets. When you buy Bitcoin with Google Pay app, the BTC is deposited into your account wallet on the crypto exchange you purchased from. 

You must follow the exchange’s standard withdrawal process to withdraw your funds, selecting the external crypto wallet you want to withdraw to. Exchanges usually support withdrawal to various wallet types and addresses. 

If you want funds to be withdrawn back to your G Pay account, you can simply exchange your crypto for fiat on your trading platform and then initiate a withdrawal while selecting the Google Pay payment method.

Why don’t more crypto platforms support Google Pay?

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Most platforms do. Google Pay is merely a vehicle to easily make card payments from your mobile phone, so most crypto platforms with mobile functionality accept it. 

If they don’t, then you just have to use your card directly rather than through Google Pay accounts.

Should I buy Bitcoin using Google Pay?

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If you use Google Pay for most online payments then there’s every reason to use it to buy crypto as well. There are no additional charges for Google Pay users and card payments are the fastest way to get money into your trading account.

Google Pay isn’t accepted everywhere and you can’t transfer any crypto into your account, but those are the only two potential drawbacks. Here is a quick summary of the pros and cons of Android Pay.

Pros

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  • Can use Google Pay to pay with any of your personal cards
  • There are no additional charges when using Google Pay
  • Transaction speeds are fast and it’s simple to use
  • Most top crypto brokers accept Google Pay

Cons

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Is there an alternative to buying cryptocurrency with Google Pay?

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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.

Is buying Bitcoin with Google Pay right for me?

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Buying Bitcoin with Google Pay is a great option if you already use and trust it as your primary digital wallet and payment service. The integration makes crypto purchases quick and convenient compared to linking a traditional bank account. 

Google Pay is also available on mobile, making purchases easy on the go. If you use a reputable exchange, Google Pay offers a simple way to enter the crypto market. Traditional bank transfers may be a better fit if you prefer to keep your crypto assets separate from your primary finances, however.

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FAQs

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Can I buy Bitcoin with Google Pay on Coinbase?
Can I buy Bitcoin with Google Pay on Cash App?
How do I set up Google Pay?
How do I fund my crypto account with Google Pay?
Can I buy Bitcoin with Google Pay instantly?
Can I buy Bitcoin with Google Pay anonymously?
Are Bitcoin transactions using Google Pay instant?
Can I withdraw cryptos into my Google Pay wallet?
Are there low fees when using Google Pay for Bitcoin?
How fast is buying Bitcoin with 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?
Do I need a Google Wallet to buy Bitcoin on Google Pay?
Can I buy Bitcoin with Google Pay gift card codes?
Can I buy Bitcoin with Google Pay without verification?
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Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.
Prash Raval
Financial Writer
Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.