The popularity of cryptocurrencies, particularly Bitcoin, has grown exponentially in recent years. The rise of mobile payment options such as Apple Pay has made it easier than ever before to buy Bitcoin. In this article, we will explore the process of buying Bitcoin using Apple Pay, both with and without Know Your Customer (KYC) verification. Additionally, we will look at some of the best apps for buying Bitcoin with Apple Pay.
KYC verification is essential when buying Bitcoin with Apple Pay. KYC is a legal requirement for many companies in the cryptocurrency industry and is designed to prevent money laundering and fraud. To buy Bitcoin with Apple Pay using a KYC-verified exchange, you need to follow these steps:
- Choose a reputable cryptocurrency exchange that accepts Apple Pay as a payment method. Examples include Coinbase, Binance, and Bitpanda.
- Register an account on the exchange, providing all necessary information for KYC verification.
- Once your account is verified, link your Apple Pay account to the exchange.
- Select the amount of Bitcoin you want to purchase and confirm the transaction using Apple Pay.
- The Bitcoin will be deposited into your exchange account.
If you prefer to buy Bitcoin without going through the KYC verification process, you will need to find a peer-to-peer (P2P) marketplace that accepts Apple Pay as a payment method. These marketplaces allow you to buy Bitcoin directly from other users, without the need for a central authority to facilitate the transaction. To buy Bitcoin with Apple Pay using a P2P marketplace, follow these steps:
- Find a P2P marketplace that accepts Apple Pay as a payment method. Examples include LocalCryptos, Paxful, and HodlHodl.
- Register an account on the P2P marketplace and search for a seller who is willing to accept Apple Pay.
- Agree on the amount of Bitcoin you want to purchase and the exchange rate with the seller.
- Send the payment using Apple Pay.
- Once the payment is confirmed, the seller will release the Bitcoin to your wallet.
Several apps allow you to buy Bitcoin with Apple Pay, including Coinbase, Binance, Bitpanda, LocalCryptos, and Paxful. When selecting an app to buy Bitcoin with Apple Pay, it is important to consider factors such as fees, user-friendliness, and customer support.
Coinbase is a well-known cryptocurrency exchange that accepts Apple Pay as a payment method. It is known for its user-friendly interface and excellent customer support. Binance is a popular cryptocurrency exchange that offers a wide variety of cryptocurrencies, including Bitcoin. It accepts Apple Pay as a payment method and offers low fees. Bitpanda is a European-based cryptocurrency exchange that accepts Apple Pay as a payment method. It offers a variety of payment methods, including credit cards and bank transfers. LocalCryptos is a P2P marketplace that accepts Apple Pay as a payment method. It is known for its privacy-focused approach and offers a wide variety of payment methods. Paxful is a P2P marketplace that accepts Apple Pay as a payment method. It is known for its wide variety of payment methods and excellent customer support.
In conclusion, buying Bitcoin with Apple Pay has become more accessible than ever before, and there are many options available for both KYC-verified exchanges and P2P marketplaces. When choosing an app to buy Bitcoin with Apple Pay, it is important to consider factors such as fees, user-friendliness, and customer support. With the right app, buying Bitcoin with Apple is smooth and easy.