How to buy Bitcoin with Google Pay

Nowadays, Bitcoin trading platforms accept a wide range of fiat payment methods. You can use them to deposit fiat money (such as USD, GBP or EUR) into your account and buy Bitcoin and other available cryptocurrencies.

If you have a Google Pay account and are looking for a quick and easy way to buy BTC, you’ve come to the right place.

In this guide, we’ll show you some of the top Bitcoin brokers that accept Google Pay. We’ll discuss how these brokers work, how to use Google Pay to buy Bitcoin and we’ll point out some of the significant advantages and disadvantages of using this payment option while also suggesting the best alternatives to Google Pay.

Top Bitcoin Brokers That Accept Google Pay

Our team of professional Bitcoin traders has made a list of the top Bitcoin brokers that accept Google Pay. Feel free to explore it and pick the one that meets your needs.

1
Minimum Deposit
$50
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
CopyPortfolios: Innovative, fully managed investment strategies
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal
2
Minimum Deposit
$50
Exclusive Promotion
User Score
7.5
Trade and invest in over 25 cryptocurrencies
Extremely simple user interface
Over 68 million customers
3
Minimum Deposit
$50
Exclusive Promotion
User Score
6.5
First transaction fee free
24/7 customer service
Instant payouts

What Is a Google Pay Bitcoin Broker?

A Google Pay Bitcoin broker is an online cryptocurrency trading platform that accepts Google Pay as a payment method for deposits and withdrawals.

To buy Bitcoin with Google pay on one of these platforms, you need to open an account and fund it with fiat money (such as USD, GBP or EUR). To do that, it’s essential to use reliable fiat payment options — such as Google Pay.

Google Pay is an online payment system owned by Google. It’s also a type of digital wallet that powers online, in-person, and in-app purchases. It’s available only to people who have Android phones, tablets, or watches. This service was formerly known as Android Pay, but it has merged with Google Wallet to create a unified app branded as Google Pay (or simply, G Pay).

What Crypto Platforms Accept Google Pay to buy Bitcoin?

To deposit your money to an online cryptocurrency broker, you must find one that accepts Google Pay. Only centralized platforms do, as they can accept fiat-to-crypto (and vice versa) exchanges.

On the other hand, decentralized platforms such as Paxful allow only crypto-to-crypto, which means no fiat payment options are accepted.

Unfortunately, not all centralized brokers take Google Pay as a payment option, as it’s a less popular compared to, say, credit cards, PayPal or bank transfer. Still, we’ve made sure that all brokers on this page accept G Pay deposits.

How to Buy Bitcoin With Google Pay?

If you’ve already used Google Pay before, buying Bitcoin shouldn’t be an issue for you. Even if you’re a first-time G Pay user, it won’t take much to understand the entire process and become a proud owner of the so-called “digital gold.”

Here’s an overview of how you can get started and buy Bitcoin with Google Pay:

  1. Before anything, you need to ensure you have Google Pay installed on your Android phone. If you already have it installed, continue reading, else check out this Google guide on how to install Google Pay.
  2. Select a broker — Pick one of the brokers from our list that meets your needs. All of them accept Google Pay for deposits.
  3. Open an account — Centralized cryptocurrency platforms require you to become a registered user to buy cryptocurrencies. Therefore, the next step is to go through the registration process and enter your username, email, password, and other necessary info.
  4. Deposit fiat money with Google Pay — Select Google Pay as your preferred payment option and proceed to deposit money. Make sure your Google Pay account is connected to your preferred debit card or Google wallet with some funds in it.
  5. Buy Bitcoin — Once your fiat funds have been added to your account balance, you need to select Bitcoin and purchase it. Brokers have made this process fast and straightforward, so you won’t need more than a couple of minutes to become a Bitcoin owner. 

How to Deposit and Withdraw via Google Pay

To buy Bitcoin with Google Pay, you need to load your account with fiat money, and that’s where Google Pay comes into play.

Here’s what standard deposit and withdrawal processes look like for online Bitcoin brokers.

Deposit

Every platform has a somewhat unique deposit process so the process might vary depending on the Bitcoin platform you choose. That said, here are some general guidelines that should make the entire procedure clear.

  1. Log in to your account.
  2. Go to the Payment page and select Google Pay as a preferred deposit option.
  3. Enter the amount of money you’d like to deposit and proceed with the transaction.
  4. Confirm the transaction using your Google Pay app.
  5. Start buying Bitcoin with newly added funds.

Google Pay is an instant payment method, meaning your deposit should be available seconds after the transaction has been confirmed. It is also worth a note that you don’t need a Google wallet to deposit funds to the Bitcoin exchange.

Withdraw

Google Pay cannot accept cryptocurrencies by itself. Therefore, you can only use Google Pay to withdraw fiat funds from your broker account.

This is a reasonably easy procedure, and it’s similar for most online brokers. Here’s how to get started with funds withdrawal:

  1. Log in to the platform.
  2. Go to the Banking page and select Google Pay as your preferred withdrawal option.
  3. Enter the amount of money you’d like to withdraw.
  4. Proceed with the transaction.

If you’ve already connected your Google Pay account once you’ve deposited funds, you probably won’t have to take any additional steps.

Also, please note that some brokers might accept Google Pay deposits but not withdrawals. As well as make sure you have your card or Google wallet connected to your Google Pay so that the funds can land into the appropriate account.

Therefore, if you intend to withdraw fiat money via Google Pay, make sure to check whether that’s possible in the first place.

What Should I Look For When Buying Bitcoin with Google Pay?

We made sure to pick the best Google Pay Bitcoin brokers for you. Still, if you decide to do some research yourself, here’s what you need to pay attention to.

  • Security — The broker needs to provide maximum security to all users and protect their funds and sensitive data. Moreover, it needs to make sure all its operations are protected from cyberattacks.
  • Speed — Some brokers are faster than others, and speed is critical in the fast-paced world of online cryptocurrency trading. Therefore, you want your broker to be as fast as possible in every possible sense.
  • Limits — Every broker has limits as to how much you can deposit, withdraw, and trade. Ideally, you want to find a broker that features low minimum and high maximum limits.
  • Ease-of-use — You want to select a trading platform that you feel comfortable using. If you’re new to the world of cryptocurrency trading, you should pick a beginner-friendly broker for starters. Feel free to compare the brokers’ features on this page and choose the one that has the interface that suits you.
  • Fees — Like it or not, all Bitcoin brokers charge for their services. Usually these are low fees but apart from trading fees, some might charge deposit and withdrawal fees too. Try to find the best price/quality ratio for your budget.

Should I Buy Bitcoin Using Google Pay?

Google Pay is fast, secure, and convenient. However, it also has some downsides, so we’ve decided to list all the advantages and disadvantages of using this payment method.

Pros

  • Fast — All transactions using Google Pay are instant. Once you initiate a deposit, your funds will become available on your broker’s account in no time.
  • Convenient — Google Pay is designed to make payments easy, so you won’t have any trouble understanding how to use Google Pay for online transactions.
  • Secure — Google is one of the most powerful tech companies in the world, so it’s no wonder it has implemented state-of-the-art security protocols to ensure the highest possible level of protection for Google Pay users.

Cons 

  • Not accepted on all brokers — Even though Google Pay is popular, it’s nowhere near some older payment methods, such as credit cards. As a result, there are fewer brokers that accept it for deposits and withdrawals.
  • Only available to Android owners — Google Pay is only available if you have an Android device and a Google account. If you’re not using either of those, you won’t be able to use this service.

Is Using Google Pay the Best Method to Buy Bitcoin?

Google Pay is an excellent payment method, but we wouldn’t go as far as to call it the best for buying Bitcoin.

The main reason for this is that it’s still not accepted by many Bitcoin brokers, so you’ll have to look for an alternative if the broker of your choice doesn’t offer Google Pay.

The good news is that all platforms listed on this page accept Google Pay.

What Are the Alternative Payment Methods to Buy Bitcoin With?

If you want to other payment methods for buying BTC, here are some alternatives you should consider:

  • PayPal — PayPal is the most popular digital wallet in the world, and it’s accepted by several online crypto trading platforms. It offers fast and secure payments and even accepts cryptocurrencies as of recently. Check out our guide to buying Bitcoin with Neteller to see which one you prefer.
  • Apple Pay — Apple is Android’s main competitor. Therefore, Apple Pay is also competing with Google Pay for its share of the market. If you’re an Apple device user, it makes much more sense to use Apple Pay. Check out our guide to buying Bitcoin with Apple Pay to see which one you prefer.
  • Credit cards — Credit cards are the most popular online payment method, so it’s no wonder that most online cryptocurrency trading sites accept them. The most popular credit cards are Visa and Mastercard, followed by American Express and Discover.

Other ways to buy Bitcoin

There are many more ways to buy Bitcoin online, check out these guides to learn more:

Final Thoughts on buying Bitcoin with Google Pay

To sum up, Google Pay is a popular payment method used for deposits and withdrawals from online Bitcoin brokers around the world. It’s fast and secure — however, it’s not accepted by some platforms. 

If you’re ready to make your first Google Pay deposit and buy Bitcoin, scroll up and check out the list of the best G Pay Bitcoin brokers.

FAQ 

Can I buy Bitcoin with Google Pay anonymously?

You cannot. Google Pay requires you to leave personal info and make an account. On top of that, you’ll have to reveal your identity when registering on a centralized cryptocurrency trading platform.

How fast is buying Bitcoin with Google Pay?

Google Pay transactions are usually instant, but buying Bitcoin might take some time (up to 30 minutes). Still, it’s safe to say that it’s pretty fast.

Do I need a crypto wallet to buy Bitcoin with Google Pay?

Yes. To withdraw cryptocurrencies from your balance on the trading platform, you’ll need to use an appropriate crypto wallet, as Google Pay cannot process digital currencies.

Are fees low when using Google Pay to buy Bitcoin?

Yes, Google Pay’s fees are relatively low. However, please note that the broker may impose additional fees for buying Bitcoin.

Can I hold cryptocurrency in my Google Pay account?

Right now, Google Pay doesn’t accept cryptocurrencies. It’s a fiat payment method. So you will have to sell Bitcoin for fiat currency first and then withdraw your funds to Google Pay app.

Can I buy other cryptocurrencies using Google Pay?

Sure. If the broker of your choice features cryptocurrencies other than Bitcoin, you can easily buy them using Google Pay.

Can I buy Bitcoin with Google Pay instantly?

Even though Google Pay is instant, you’ll still need up to half an hour to process Bitcoin payments, so the answer is — you can do it almost instantly.

Is Google Pay the easiest way to buy Bitcoin?

It’s one of the easiest ways, but there are also several other payment methods you can use to buy BTC around the world. These include PayPal, Apple Pay, credit cards, bank transfer and more.

Can I buy Bitcoin with Google Pay on Coinbase? 

Yes you can. Simply signup or login to your account and deposit funds using the Google Pay option. Make sure you have a card connected to your Google Pay to fund the transaction.

Do I need a Google wallet to buy Bitcoin using Google Pay?

No necessarily. You can connect Google Pay to you debit card directly which means your funds will be take out from your debit card instead of Google wallet app.

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