How to Buy Crypto with Google Pay [2024] (2024)

Summary:Google Pay doesn’t offer crypto trading on their platform directly. However, investors can use Google Pay to buy Bitcoin and other cryptocurrencies through a third-party crypto broker by depositing their chosen fiat currency from the debit or credit card connected to Google Pay.

To buy crypto with Google Pay, we recommend signing up with a trusted multi-asset investing platform eToro. After testing several other crypto trading platforms, we found eToro to be the best option, as it offers low fees, a wide selection of assets, and has a customer base of over 30 million.

Can you buy crypto with Google Pay?

Some exchanges accept Google Pay as a payment method, while others do not. That said, a simple and quick workaround to using Google Pay as a deposit method is to link the card connected to your Google Pay directly with the cryptocurrency exchange.

How to buy crypto with Google Pay?

The best way to buy cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) with Google Pay is through a reputable broker like eToro, which is a widely trusted multi-asset investing platform with over 70 cryptocurrencies and unique features such as “Copy Trading” (enables users to imitate top-performing crypto traders), a custom watchlist, as well as advanced charts and technical analysis tools.

Although eToro doesn’t support Google Pay deposits, there are alternative methods to fund your account, such as PayPal. In short, to add money to your eToro account, simply use your active PayPal account.

How to buy crypto with Google Pay: Step-by-Step

You can get started in minutes with four simple steps:

• Step 1: Create an account on eToro and complete your verification (personal or company);
• Step 2: Enter the cash amount you want to deposit on the eToro platform;
• Step 3: Connect your PayPal to deposit your selected fiat currency;
• Step 4: The final step is to find the cryptocurrency you want to purchase and execute your trade.

Disclaimer: Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

About Google Pay

Google Pay is a mobile payment and digital wallet service developed by Google (NASDAQ: GOOG/GOOGL). It enables users to make contactless purchases in-app, online, and in-person using their mobile devices, including Android phones, tablets, and watches. It also supports peer-to-peer payments, allowing users to send and receive money from friends and family.

Google Pay’s crypto policy

Google Pay has no policies prohibiting users from depositing funds into regulated crypto-friendly multi-asset investing platforms. That said, not all exchanges will accept Google Pay. In that case, investors can deposit money into their accounts using their debit or credit card or a third-party payment platform such as PayPal or Skrill.

How to buy crypto safely

Though cryptocurrencies have experienced a meteoric rise in popularity over the past few years, they are still highly speculative investments, much more volatile than traditional financial instruments such as stocks or bonds. Moreover, the crypto world is inundated with fraudulent actors preying on the unsuspectinginvestors through scams such as rug pulls or pump-and-dump schemes, exacerbating the already risky endeavor.

Thankfully, there are steps you can take to protect yourself when venturing into the world of digital assets. With that said, here are a few suggestions on how to safely begin your crypto investment journey and safeguard your hard-earned cash.

How to buy crypto safely – tips

• Research the cryptocurrency you want to buy: Make sure you understand how crypto works and what the risks of are for each specific cryptocurrency;
• Only use a safe device: Avoid public computers and Wi-Fi networks. Always use your personal computer with a VPN, which helps establish a secure connection between you and the web, keeping your sensitive information safe;
• Choose a reputable exchange: Ensure the exchange is licensed by the appropriate regulators in your country and has a solid track record. Study the exchange’s user terms and agreements carefully to learn more about where your money is kept and what happens to your funds if the business goes bankrupt. You may also want to scour through user reviews to catch any red flags;
• Secure your account: Use two-factor authentication and a strong password to protect your account;
• Use a secure wallet: Store your cryptocurrency in a secure wallet to protect it from hackers. You can opt for either a hot (online) or cold (offline) wallet. To choose the right one for you, make sure to check out our in-depth guide on crypto wallets;
• Don’t invest money you can’t afford to lose: Because the crypto market can be so volatile, you need to be conservative with your investments, particularly when starting out. For more investing tips, have a look at our guide on investing mistakes to avoid;
• Monitor your investments: Keep an eye on the market and be aware of any changes in the price of the cryptocurrency you’re investing in.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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