How to Buy Bitcoin with G-Pay

You could buy BTC with that little change in your Google Pay wallet.

If you are a cryptocurrency enthusiast like me, chances are that you always look for different ways to buy Bitcoins online without any problem of falling a victim of crypto scams.

If you must know, you can actually buy Bitcoin from many ways like; cryptocurrency exchanges, wallets, brokers, marketplaces and many more channels.

There are diverse options to pay for Bitcoins.

For example, some individuals prefer to have their fiat cash exchanged for crypto-coins, while most advance users simply swap their already owned coins.

On the contrary, someone can simply pay for Bitcoin using either Apple Pay, bank transfer, PayPal, gift cards, credit or debit cards.

It all depends on which is more convenient for you to use, as payment method during crypto-coin purchases.

Aside these ones above, there’s yet another popularly used online payment method you can still use, and that is known as Google Pay.

What is Google Pay?

Google Pay

Google Pay is a fast and easy way launched in 2018, for payments using smartphone. Making secure purchases online, or in-app is very simple with Google wallet.

It is a popular method for sending money across the globe. Google wallet is also a method of payment for buying and selling Bitcoin instantly and securely online.

It is available all over the globe.

How do you buy BTC with G-Pay?

If you want to buy Bitcoins using Google Pay, then you have to find a reputable crypto exchange, or marketplace that will let you do it.

For the sake of this guide, am going to use a popularly known P2P (Peer-to-Peer) marketplace for simplicity and clarity.

  1. Create an account with LocalBitcoins
  2. Verify your LBC account
  3. Search for vendors that accepts Google Pay
  4. Enter the amount you want to buy
  5. Follow the vendor’s payment guideline
  6. Receive BTC directly into your wallet.

That’s it! You have successfully purchased Bitcoin using Google Pay as the payment method on LocalBitcoins platform.

Note: Buying Bitcoin with Google Pay on LBC can be risky sometimes, so you should always try to buy from reputable vendors only.

Best ways to buy Bitcoin crypto with Google Pay

There are many ways to buy Bitcoin with Google wallet, but these ones you will see below are the ones I’ve used personally to purchase BTC online with G-Pay wallet.

LocalBitcoins

Localbitcoins

LocalBitcoins is a P2P (Person-to-Person) Bitcoin exchange platform that specializes in connecting buyers and sellers, while serving as an escrow to their transaction.

LocalBitcoins gives vendors the ability to create offers in all currencies including Google Pay wallet.

Pros

  • Available in every country of the world
  • A diverse selection of buyers and sellers
  • Supports many payment methods
  • Buyers get their bitcoins fast
  • Private.

Cons

  • Lack of cryptocurrency diversity
  • Both sellers and buyers have a chance of being scammed.

Buy BTC from LocalBitcoins


Paxful

Paxful Exchange

Paxful is yet another P2P (Person-to-Person) marketplace that supports, well over 300 payment methods. Just like LocalBitcoins, it also serves as an escrow.

Paxful cryptocurrency platform gives vendors the ability to create offers in all currencies.

Pros

  • Escrow system
  • Security
  • Diverse payment methods
  • Simple user interface (UI)
  • Wide variety of sellers.

Cons

  • Buyers and sellers are at risk of being scammed.

Over to you

If you follow my guidelines and always look for the characteristics as described above, I am hundred percent sure that you won’t go wrong.

Incase you have Google gift cards, and other kinds of gift card you would like to sell off, you can read my guide how to convert google play credit to cash.

Remember, although the Google Wallet is simply of the many methods you get to choose from, it is certainly the one that shines out mostly due to its popularity.

Do not forget to transfer your Bitcoin away from the platform where you bought it into a secure crypto wallet to avoid loosing it due to hack or cyber thefts.

I recommend purchasing a Ledger Nano wallet, as it’s among the best hardware wallets in the market. Or you can also download Trust mobile wallet, if you do not have money to invest in secure wallets.