Step 1: Find a crypto exchange that supports Apple Pay
First, you have to sign up with an exchange that accepts deposits made via Apple Pay. Here at Finty, you can quickly compare exchanges that have been vetted for their Apple Pay support.
Before deciding which exchange to use, there are various other things to compare apart from their support for Apple Pay deposits. Things like trading fees, tradable tokens, and fees to deposit and withdraw fiat should be considered.
Step 2: Complete the identity verification process
Once you have opened an account with an exchange, you’ll need to confirm your identity. You will have to provide proof of identification, such as a driver’s license or passport. The exchange may ask for an image of yourself holding the physical ID.
Step: Decide how much to invest
With its bull runs and bear markets, investing in Bitcoin can be a risky venture. Invest only what you can realistically afford.
Step 4: Transfer funds to your account
To fund your account using Apple Pay, sign in to your exchange account on a device that supports Apple Pay and then select your chosen payment method for depositing funds.
Remember that although an exchange may support Apple Pay, the card funds are drawn from must allow crypto purchases. For example, you could have a Discover card linked to Apple Pay. Even though the exchange accepts Apple Pay, Discover will block the transaction.
Step 5: Place an order
Configuring an order — especially an instant buy — is very easy on most exchanges. You may be able to configure a recurring buy or trigger order to execute when market conditions permit.
Step 6: Buy
After selecting the type of order you want to place, fill out and submit the order form to buy Bitcoin. Most exchanges will not allow you to submit an order without enough funds in your account.