How To Buy Bitcoin with Google Pay? A Guide

This guide will walk you through the four easy steps to buy Bitcoin using Google Pay

Nowadays, a variety of fiat payment options are accepted by Bitcoin trading platforms. You can use them to purchase Bitcoin and other readily available cryptocurrencies and deposit fiat currency (such as USD, GBP, or EUR) into your account. You've come to the correct place if you want a quick and straightforward way to invest in Bitcoin and have a Google Pay account. With Google Pay, you can use your smartphone or computer to pay for goods and services online and in physical stores. On some platforms that accept Google Pay as a means of payment, you can also use it to buy Bitcoin and other cryptocurrencies. This guide will walk you through the four easy steps to buy Bitcoin using Google Pay.

1. Pick a website that supports Google Pay.

The first step is selecting a platform that enables Google Pay for Bitcoin purchases is the first step. This option is available on several platforms, including Binance, Coinbase, CEX.IO, and Xcoins. On Finty, you can compare their attributes, charges, and accepted currency. After selecting a platform, you must sign up for an account and confirm your identity. You might need to supply some personal information and a photo ID to comply with the KYC (Know Your Customer) and AML (Anti-Money Laundering) rules.

2. Register your Google Pay account on the official platform.

The following action is to link your Google Pay account to the website. First, linking your debit card or bank account to Google Pay might be necessary. Then, navigate to the platform's deposit page and choose Google Pay as your payment option. After entering your desired deposit amount, you must confirm the transaction. Enter your Google Pay PIN or use biometric authentication to authorize the transaction.

3. Spend your deposited money to purchase Bitcoin.

The third stage involves spending your deferred funds to purchase Bitcoin. Go to the platform's purchasing page and choose Bitcoin as the coin you want to buy. Type in the amount you want to spend or receive in Bitcoin. Review the order information, then confirm the transaction. You might have to reenter your Google Pay PIN or perform biometric authentication to confirm the payment.

4. Keep your bitcoins safe in a wallet.

Keeping your Bitcoin in a wallet is the last step. Keep your Bitcoin in the wallet provided by your platform, or move it to a different wallet of your choice. A wallet is a piece of hardware or software that lets you transfer, receive, and store cryptocurrency safely. Web wallets, mobile wallets, desktop wallets, hardware wallets, and paper wallets are a few examples of the various types of wallets.