How To Buy Bitcoin (BTC) With Google Pay on CEX.IO

Google Pay is a digital wallet from Google. It stores your Visa or Mastercard and pays with a tokenized card number, so the merchant never sees your real 16-digit card number. CEX.IO accepts Google Pay at Instant Buy in the CEX.IO mobile app and the CEX.IO Wallet, so you can buy Bitcoin in minutes and confirm each payment with a fingerprint, face unlock, or PIN.

CEX.IO is a regulated crypto exchange. The US entity, CEX.IO Corp, holds a FinCEN registration (MSB number 31000061475486) and money transmitter licenses in 36 US states and Washington, D.C. (NMLS ID 1804170). USD is the default currency for US customers. Over 15 million registered users globally use CEX.IO to buy Bitcoin.

How to buy Bitcoin (BTC) with Google Pay

To buy and sell crypto on CEX.IO, you need an account. Register with an active email address and confirm it with the code or link CEX.IO sends during registration. After you open the account, CEX.IO sends you emails about your transactions and important actions on your profile, such as a password change.

How to register an account in 3 simple steps?

1. Open the official CEX.IO website or download the CEX.IO App from Google Play or the App Store. Then click Register.
2. Enter your email address and create a password.
3. Add some information about yourself: your first and last name and your country of residence.

Here is a detailed guide on how to create an account in the CEX.IO mobile app. 

Why does CEX.IO need your personal information?

CEX.IO is a global crypto exchange with licenses in numerous jurisdictions. The platform serves over 15 million customers in more than 190 countries. Some governments require crypto platforms to hold special licenses before they serve local citizens. These licenses oblige CEX.IO to identify every customer and protect customer funds and data.

CEX.IO also follows international anti-money laundering (AML) rules. Under these rules, a crypto exchange meets the same standards as a traditional financial institution. That means Know Your Customer (KYC) checks at onboarding and regular transaction monitoring.

KYC protects you too. It stops fraudsters from opening accounts with stolen identities, and it keeps funds linked to terrorism financing or corruption off the platform.

How to start using Google Pay for crypto purchases on CEX.IO?

Google Pay works on CEX.IO once two things are ready. First, set up Google Pay on your phone and add a Visa or Mastercard to Google Wallet. Second, verify your identity in the CEX.IO App. Verification usually takes a few minutes. CEX.IO asks for your country, ZIP code, address, phone number, a face scan, and a photo of a valid ID, passport, or driver's license.

You do not type card details on CEX.IO. Google Pay passes a tokenized card number to the exchange at checkout. Your phone confirms each payment with a fingerprint, face unlock, or PIN, and your card issuer approves the charge.

How to buy crypto instantly with Google Pay?

First of all, decide what crypto you want to buy. It can be a popular coin like Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), or any other of the 200+ crypto assets on CEX.IO. The CEX.IO App offers two routes to a Google Pay purchase.

Through Wallet: tap Wallet in the bottom menu, then tap Buy. Choose BTC, enter the fiat amount, and tap Buy with Google Pay. If Google Pay does not appear by default, tap Change Payment Method and select it.

Through Buy: tap Buy in the bottom menu next to Wallet. Choose BTC from the dropdown list, enter the amount, and tap Buy with Google Pay. CEX.IO calculates the fiat total from the current market rate of the coin. The next screen shows the amount, the price, the total you pay, and the processing fee.

Confirm the payment on your phone. BTC (or the other asset you chose) lands in your CEX.IO Wallet in seconds.

 What card to link to Google Pay for buying Bitcoin?

Google Pay charges the card you store in Google Wallet. Your card issuer decides whether a crypto purchase goes through. Some banks block card payments to crypto exchanges, so check with your issuer before you buy.

Here are some tips on the cards that work behind Google Pay on CEX.IO.

Buying Bitcoin (BTC) with a Visa card in Google Pay

Visa recognizes cryptocurrencies as an innovative technology and part of the financial system. The company allows transactions with crypto platforms. A Visa debit or credit card in Google Wallet works at CEX.IO checkout.

Using Mastercard in Google Pay for crypto purchases

Mastercard announced support for selected digital currencies on its network in 2021. Mastercard debit, credit, and prepaid cards in Google Wallet work on CEX.IO for deposits and crypto purchases.

What to know before buying crypto with Google Pay?

• Google Pay adds device authentication to every payment on top of the standard CEX.IO checks.
• Google Pay charges no fee of its own. Your card issuer may still add currency conversion or international fees.
• The CEX.IO App supports Google Pay. Many crypto exchanges do not offer it.
• Google Pay handles deposits only. CEX.IO does not send withdrawals to Google Pay.
• Daily Google Pay deposits on CEX.IO run from $20 to $1,000.

Google Pay vs Apple Pay: pros and cons

Google Pay and Apple Pay work the same way on CEX.IO. Both tokenize your card, both confirm each payment on the device, and both carry the same fee and limits. The platform sets them apart. Google Pay runs on Android phones and in Chrome. Apple Pay runs on iPhone and in Safari.

Both wallets share one downside: neither supports withdrawals. To cash out, sell BTC for USD and withdraw to a bank account or a card.

Which cards work with Google Pay on CEX.IO

Google Pay on CEX.IO accepts Visa and Mastercard cards stored in Google Wallet. The table below shows which card products work at checkout.

Fees, limits, and timing

Google Pay purchases carry a card processing fee on top of the Bitcoin price. The numbers below come from the CEX.IO Limits and Commissions page. Check the live figures before you buy.

Google Pay vs other payment methods on CEX.IO

Google Pay is quick, simple, and keeps your card number off the exchange. Larger orders cost less on a bank transfer. The table below compares the funding methods CEX.IO supports for US customers.

*New customers have a $1,000 daily and $3,000 monthly limit for the first 3 months after identity verification. Standard limits apply after that. Live figures sit on the Limits and Commissions page.

Why CEX.IO for buying Bitcoin with Google Pay

CEX.IO has run since 2013. The platform holds the regulatory registrations, the order-book depth, and the product range that Google Pay buyers need. Four reasons to use CEX.IO for a Google Pay Bitcoin purchase:

Licensed and regulated

CEX.IO Corp, the US operating entity, holds a registration with the Financial Crimes Enforcement Network (FinCEN) as a Money Services Business (registration 31000061475486). CEX.IO Corp holds state money transmitter licenses in 36 US states and the District of Columbia (NMLS ID 1804170). CEX.IO Corp reports to state banking regulators every quarter. The full state-by-state license list sits on the US Legal & Security page.

Scale and track record

CEX.IO launched in 2013. Over 15 million registered users hold accounts in more than 190 countries. The platform has processed cumulative trading volume in the tens of billions of US dollars. The exchange has never lost customer Bitcoin to a security incident.

Security

Google Pay sends a tokenized card number to CEX.IO, so the exchange never sees your real card digits. Your phone confirms every payment with a fingerprint, face unlock, or PIN. CEX.IO holds the majority of customer Bitcoin in cold storage, runs 2FA on every login and withdrawal, and screens every deposit through AML rules. CEX.IO Corp completed a SOC 2 Type II audit and holds ISO 27001 certification on its core systems.

Product depth

CEX.IO offers three ways to buy Bitcoin after the deposit lands: Instant Buy for one-click purchases, Convert for quick swaps between assets in the Wallet, and Spot Trading for market and limit orders. Spot fees start at 0.25%. Withdraw your BTC on-chain to any personal wallet whenever you choose.

Other places where you can buy BTC with Google Pay

Some other services accept Google Pay for crypto. Payment apps and wallet apps with a built-in crypto purchase feature often support it. Check who holds your coins in each case. Some apps keep BTC in their own account and limit transfers to an external wallet.

P2P platforms are one more option. Buyers and sellers meet there and agree on a price and a payment method. Few P2P sellers accept Google Pay, and a P2P deal carries counterparty risk, because no exchange stands behind the trade.

Why CEX.IO is the best place to purchase and store Bitcoin (BTC)?

CEX.IO is a crypto exchange for buying, selling, trading, and storing cryptocurrencies. The company follows global standards for financial services and serves customers in more than 190 countries.

The interface puts every option a click away. All services come with a transparent and competitive fee schedule. 

Strong ties with banks and payment providers let CEX.IO support many payment methods. Each customer picks the method that suits them and works in their country of residence.

Instant Buy and Spot Trading cover crypto purchases. The CEX.IO Wallet stores your coins at no cost and protects every sensitive action with your password and a 2FA code.