Bankless Times

How to Buy Bitcoin With Google Pay

Khashayar Abbasi
Khashayar Abbasi
February 14th, 2024
Why trust us
Advertiser Disclosure

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 invest in Bitcoin, 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 and how to use Google Pay to buy Bitcoin. We’ll also point out some of the significant advantages and disadvantages of using this payment option while suggesting the best alternatives to Google Pay as well.

In-app, online and in-person contactless purchases on mobile devices are supported by Google Pay, which allows customers to make payments using Android phones, tablets or watches.

Top Bitcoin Brokers That Accept Google Pay

Our experts have compiled this list of the top Bitcoin brokers that accept Google Pay. Feel free to explore it and pick the one that meets your needs.

Sort by
eToro8.7Visitetoro.com

Don’t invest unless you’re prepared to lose all the money you invest.

Plus500 CFD Broker9.8Visitplus500.com

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.

Coinbase8.4Visitcoinbase.com
Kraken7.6Visitkraken.com
Uphold8.4Visituphold.com
Changelly7.4VisitChangelly.com
Trading 2128.4Visittrading212.com

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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?

A growing number of crypto platforms have started accepting Google Pay in recent years. Here are some of the best places to buy Bitcoin with Google Pay in terms of important factors such as features, fees, and security.

eToro - Reputable Platform With Unique Features

eToro8.7Visitetoro.com

Don’t invest unless you’re prepared to lose all the money you invest.

eToro has been around much longer than most crypto platforms and has gained a reputation for quality and reliability in that time. As well as crypto, eToro offers traditional instruments like stocks and ETFs. Users also get access to unique features such as Smart Portfolios, copy trading, and social trading.

The main downsides of eToro is the the trading fee is higher than many crypto platforms and it doesn't offer as many cryptocurrencies as other platforms. eToro partnered with Google Pay in 2023, so customers can add their eToro card to Google Pay for easier checkout.

Coinbase - Easiest Way to Buy Bitcoin With Google Pay

Coinbase8.4Visitcoinbase.com

Coinbase bills itself as the easiest way to buy crypto, and this is hard to argue with given its simple, intuitive interface and educational resources. Google Pay is available to US and European customers for making simple purchases, though they will need to use another method for depositing and cashing out.

Other accepted payment methods include cards, bank transfer, and PayPal. Although, the simple purchase fees can be a bit high, the Advanced Trade fees are pretty competitive, and Coinbase provides a range of innovative features such as Learning Rewards, Web3 access, and NFT support.

Kraken - Top Choice For Advanced Trading Features

Kraken7.6Visitkraken.com

Kraken provides an easy way to buy Bitcoin and over 200 other coins with Google Pay. But if you want to move beyond simple purchases, you'll find everything you need on the Kraken Pro platform, from customizable charts and indicators to real-time performance monitoring. You can also easily switch between spot, margin, futures, and staking.

Uphold - A Transparent Way to Buy Bitcoin

Uphold8.4Visituphold.com

Uphold stands out for its security and transparency. The platform is upfront about its fees and spreads when you buy and sell its 250+ available coins. It is also fully reserved, publishes all its transactions and holdings in real time, and is regulated by the FCA and FinCEN.

It only takes a few taps to buy Bitcoin with Google Pay, and if you choose to purchase any of the 32 cryptocurrencies available for staking, you'll be able to earn up to 16% on your idle crypto holdings.

Changelly - An Instant Crypto Exchange With A Wide Variety of Coins

Changelly7.4VisitChangelly.comEmail, Live ChatAndroid, iOS, Web App2FA, Biometrics0%

Changelly provides a simple way to buy, sell, and exchange more than 500 cryptocurrencies with just a few clicks. In most cases, you don't even need to complete a KYC process first. The platform searches for the best rates on the market and provides a non-custodial service - so you'll need to set up your own wallet first.

Trading 212 - Best Place to Trade Bitcoin CFDs

Trading 2128.4Visittrading212.com

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Although you can't actually buy BTC on Trading 212, you can trade Bitcoin contracts for difference (CFDs). These are derivative contracts that enable you to speculate on the future price of BTC without owning it, but they are complex instruments that should only be used by confident traders.

Depositing to your Trading 212 account via Google Pay is free up to 2,000 GBP/EUR, and after that, you'll be charged just 0.7%.

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:

Step 1: Make sure that you have Google Pay installed on your Android phone
Step 2: Select a broker
Step 3: Open an account
Step 4: Deposit fiat money with Google Pay
Step 5: Buy Bitcoin

Use Google Pay with eToro

eToro8.7Visitetoro.com

Don’t invest unless you’re prepared to lose all the money you invest.

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.

Step 1: Sign in
Step 2: Select Google Pay as a preferred deposit option
Step 3: Proceed with the transaction
Step 4: Confirm the transaction
Step 5: Buy Bitcoin

Google Pay is an instant payment method, meaning your deposit should be available seconds after the transaction has been confirmed. It is also worth noting 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 on most online brokers. Here’s how to get started with funds withdrawal:

Step 1: Logging in
Step 2: Select Google Pay
Step 3: Enter the amount
Step 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. Make sure you have your card or Google wallet connected to your Google Pay so that the funds can land in 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.

How do I Redeem my Google Play Balance?

Open the menu by tapping the three horizontal lines in the top-left corner, then select "Payment methods." Locate your available balance under "Google Play balance." To make a purchase using your balance, choose the desired item, and proceed to checkout.

Can I Convert My Google Play Balance to Cash?

Access "Google Play balance," tap "Withdraw funds," and choose the desired transfer amount. Pick your bank account from the available options or add a new account if it's your initial transaction. Follow the provided prompts to finalize the withdrawal process.

Can I Buy USDT With Google Play Card?

To purchase USDT with your Google Play balance, you will need to use a P2P (peer-to-peer) cryptocurrency marketplace that allows sellers to accept a Google Play Gift Card as a payment method.

How Do I Buy Bitcoins With Google Pay on Binance?

Once logged into your Binance account, navigate to Buy Crypto, choose Credit/Debit Card, specify the cryptocurrency and fiat currency, enter the purchase amount, and click Continue. Opt for Google Pay as your payment method and proceed by clicking Continue.

What Can I Use Google Pay to Buy?

Google Pay is accepted at numerous locations, more than you might imagine—millions, to be precise. It works in select supermarkets, pharmacies, restaurants, clothing stores, gas stations, beauty shops, and other retailers that accept mobile payments.

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. Top security features to look out for include 2FA, cold storage, address whitelisting, and insurance.

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.

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.

Remember, 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.

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 & Cons

  • Fast — All transactions using Google Pay are instant. Once you initiate a deposit, your funds will become available in 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.

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 to Consider when Buying Bitcoin with Google Pay

Google Pay is one method to buy Bitcoin, even if it is not the most straightforward. You have more options for cryptocurrencies when you pay with a credit card, debit card or bank transfer. But you can still buy BTC with Google Pay.

Even though the Google Pay transaction itself is quick, the registration process will probably take some time. This is because you need to comply with KYC standards. The KYC process requires you to prove your identity and address before you are approved by the platform.

What Are the Alternative Payment Methods to Buy Bitcoin with?

If you want 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 money transfer service you prefer. You can also use other mobile apps to buy crypto.

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.

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. You can also buy BTC with your debit card.

Final Thoughts on Buying Bitcoin with Google Pay

To sum up, Google Pay is a popular payment method used for deposits and withdrawals on 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, check out our list of the best G Pay Bitcoin brokers.

Trading crypto assets is high risk and speculative

Visit etoro now

eToro8.7Visitetoro.com

Don’t invest unless you’re prepared to lose all the money you invest.

FAQs

Can I buy Bitcoin with Google Pay anonymously?
How fast is buying Bitcoin with Google Pay?
Do I need a crypto wallet to buy Bitcoin with Google Pay?
Are fees low when using Google Pay to buy Bitcoin?
Can I hold cryptocurrency in my Google Pay account?
Can I buy other cryptocurrencies using Google Pay?
Can I buy Bitcoin with Google Pay instantly?
Is Google Pay the easiest way to buy Bitcoin?
Can I buy Bitcoin with Google Pay on Coinbase?
Do I need a Google wallet to buy Bitcoin using Google Pay?

Here are some more ways to buy Bitcoin

Contributors

Khashayar Abbasi
Khashayar discovered Bitcoin back in 2014 and has since spent countless hours researching the different use cases of cryptocurrencies. He has a bachelor's degree in International Relations and has been a writer in the financial services industry for nearly half a decade. In his spare time, Khashayar enjoys photography, cycling, and ice skating.