This guide will walk you through the four simple tasks to purchase Bitcoin utilizing 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.
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