Buy Bitcoin with Payz

How to buy Bitcoin & Brypto with Payz

Buying Bitcoin does not have to be complicated. With CEX.IO, you can buy Bitcoin and other cryptocurrencies using trusted payment methods, including a Payz-issued Mastercard.

In this guide, we explain how Payz works, how to buy crypto with Payz on CEX.IO, and which payment routes are available. Whether you are new to buying, selling, and trading crypto or already familiar with digital assets, this walkthrough shows how to use Instant Buy with your Payz card, manage your crypto in a free CEX.IO Wallet, and explore alternative payment methods such as bank transfers, Google Pay, and Apple Pay.

What is Payz?

Payz is a regulated digital payment service that enables users to store, send, receive, and spend funds through a multi-currency online account. Founded in 2000 and regulated by the UK Financial Conduct Authority, Payz supports bank transfers and card-based payments, including a Payz-issued Mastercard. Its primary focus is to provide secure transactions, flexible account tiers, and global usability for online payments.

How does Payz work?

Payz operates as a digital wallet that allows users to hold funds, make payments, and use prepaid cards linked to their account. After creating and verifying an account, users can add money via bank transfers or cards and manage balances through the Payz app or web platform. Funds can be spent online or in-store using a Payz-issued Mastercard. 

How to Buy Bitcoin & Crypto with Payz

You can buy crypto with Payz on CEX.IO by paying with a Payz-issued Mastercard. Payz offers both physical Mastercard cards and online cards for internet purchases. On CEX.IO, we support Payz physical Mastercard payments, processed as a standard card transaction at checkout.

Although we allow users to buy crypto with a prepaid card, which could technically include a Payz online card, we generally don’t recommend this pathway. 

In practice, online cards can cause transaction confirmation issues during card checks, resulting in declines or failed payments. For the smoothest experience, use your Payz physical Mastercard and make sure it is enabled for online payments and 3D Secure with your card issuer.

How to Buy Bitcoin at CEX.IO: a Step-by-Step Guide

You can buy Bitcoin on CEX.IO using your Payz physical Mastercard, alongside other supported payment routes. While CEX.IO offers several ways to acquire crypto, the most intuitive for new and experienced users is Instant Buy. 

This feature lets you purchase crypto quickly using your preferred payment method, whether that is a Payz Mastercard or card-based wallets like Apple Pay or Google Pay, without navigating trading interfaces.

Step 1: Register and Verify an Account

Start by creating a CEX.IO account with your email address and a secure password. After registration, complete identity verification. This step is required to unlock Instant Buy and card payments. Verification usually involves confirming your identity and address and helps ensure account security and regulatory compliance.

Step 2: Access Instant Buy and Choose BTC

Once verified, sign in to your CEX.IO account. From the dashboard, open the Buy Cryptocurrency section and follow these steps:

1. Select your fiat currency, such as USD, GBP, or EUR.
2. Enter the amount you want to spend.
3. Choose BTC from the list of available assets.
4. Click Buy Crypto Instantly.
5. Then click Select Payment Method.
6. Choose credit/debit card.
7. Enter your Payz physical Mastercard details, including card number, expiration date, and CVV.
8. Review the order details and confirm your purchase.

Receive BTC in Your Wallet

After you confirm the transaction, Bitcoin is credited to your CEX.IO Wallet. In most cases, this happens within seconds. You can view your balance at any time in the Assets section (under the Wallet tab) of your account and manage your BTC directly from there.

What other Payment Methods can be used to buy Bitcoin on CEX.IO?

In addition to card payments, CEX.IO offers several flexible ways to acquire Bitcoin and other cryptocurrencies. Each method supports a different buying style, whether you prefer instant mobile payments or a more structured bank-based approach with higher limits and lower fixed fees.

Buy Crypto with a Bank Account

Users who buy crypto with a bank account start by topping up their CEX.IO account with fiat currency using SEPA, Faster Payments, SWIFT, or Domestic Wire. Once the funds arrive, they can exchange fiat for Bitcoin or other cryptocurrencies. 

Beginners often choose CEX.IO Convert, which instantly swaps fiat for crypto, while more experienced users can trade on spot markets. SEPA deposits start at €20, with a €2.99 fee, while Faster Payments start at £20, also with a £2.99 fee.

Buy Crypto with Google Pay

If you prefer e-wallets, it’s good to know you can buy crypto with Google Pay by completing a card-based purchase through your Google Pay wallet.  This method is suitable for quick, smaller transactions and does not require pre-funding a fiat balance. 

Daily deposits range from $20 to $1,000 and are processed instantly. Fees follow card pricing, from 0.49% to 4.99%, plus a service charge. Also, you should keep in mind that Google Pay supports only deposits, not withdrawals.

Buy crypto with Apple Pay

If you use iOS devices, you can buy crypto with Apple Pay by following a similar process using a supported card stored in Apple Wallet. Like its counterpart mentioned above, Apple Pay also focuses on delivering speed and simplicity when transacting, which makes it suitable for fast Bitcoin purchases on mobile devices. Daily deposit limits range from $20 to $1,000, and fees mirror standard card charges, ranging from 0.49% to 4.99%, plus a service charge.

Popular markets

FAQ