So, you wanna buy some Bitcoin?
And, you want Google Pay accepted?
Well, here at Amber, the opportunity is yours. We’ve got Bitcoin and the payment method you’re searching for. Google Pay has completely disrupted mobile payments, which is exactly what Bitcoin is doing with fiat currency.
We understand that Bitcoin is the most important asset of the 21st century and would like to steer you to that view too. It may be unclear now, but once you have an understanding of how broken the fiat standard is – your appreciation for Bitcoin skyrockets.
Let’s learn how to buy Bitcoin with Google Pay:
Why use Google Pay?
Google Pay (formerly known as Android Pay), is quickly becoming a popular mobile payment method. Using a Google wallet synced with a Google Pay account, there’s little you can’t purchase with Google Pay. Amber accepts Google Pay, making it possible to purchase Bitcoin.
Google Pay’s simplicity is its strength. Just like what separates Bitcoin from any other cryptocurrency. Or Amber, from any other cryptocurrency exchange. Some of the strengths of Google Pay are:
- Google Pay transactions are near instant.
- Many companies support Google Pay.
- No need for a bank transfer.
- Privacy and security are two major focuses for Google.
- You remove the annoying process of finding your credit/debit card and typing in the numbers.
If you’ve already used Google Pay before, then you understand how easy the process is. If not, have a look at this simple guide to learn how the Google Pay process works. You’ll find out whether you need a Google wallet, if there are any trading fees, whether you can store digital currencies on your Google account and if you need the Google Pay app.
Let’s see how to buy Bitcoin with Google Pay:
Step 1: Download the Amber App
Amber is available on your Android or Google device’s app store. Search “Amber” or “Amber – Bitcoin made easy”, to get one step closer to your goal of buying Bitcoin with Google Pay.
There’s a short wait time on the download of Amber. Amber is 100% free so there is no need to worry about a payment method when downloading the app.
Soon, you’ll be buying Bitcoin with a company that supports Google Pay.
Step 2: Set up an account
No need for a credit or debit card. All you need is a phone number and an email address.
Amber knows how important privacy is. Therefore, your personal details are all secured using the latest collaborative custody, authentication and encryption standards.
Soon you will be buying Bitcoin with Google pay, since this step takes less than a minute.
Step 2.5: Verify your account
Only a half step, because it doesn’t need to be completed to buy Bitcoin with Google Pay. You will need to verify your account when you withdraw USD or to send Bitcoin to another wallet.
Verification is necessary to comply with the regulatory standards. You will run into no issues, though, when you use Google Pay to buy Bitcoin, if you don’t complete this step.
Step 3: Select how much Bitcoin
When you buy Bitcoin, you must always consider how much exposure you want with the asset. Different online brokers may recommend different amounts. At Amber, we find Dollar Cost Averaging as the best way to start your exposure to Bitcoin. You reduce risk, by investing smaller amounts frequently, at any price of the market. Your investment value drops, however, frequency increases.
For example, you could decide to purchase $10 worth of Bitcoin a day. If Bitcoin’s price rises, you get less Satoshis for your $10, but if the price drops – you get more. It doesn’t matter how much Bitcoin you begin with, all that matters is starting that journey.
Whether you decide to DCA or smash buy; just the action of buying Bitcoin today, may be one of the most important decisions for your financial future!
Step 4: Select Google Pay
This is the part where you actually buy Bitcoin with Google Pay. It’s as simple as selecting the Google Pay option on the Amber app.
There’s no need to deposit money or use a bank link. Google pay is simple, quick and effective.
Amber offers some of the most competitive rates in the Bitcoin space, even against top exchanges:
- Amber Basic members: 0.99% of Bitcoin purchases or sales.
- Amber Black members: 0% of Bitcoin purchases or sales.
Whether your Google Pay is already linked to your credit/debit card or you use a Google Pay deposit, you’ll finish this step in 5 seconds. It takes a couple of clicks, then done. Payment made.
Deciding to buy Bitcoin with Google Pay, is one of the easiest mobile payments you will ever make. It isn’t difficult like cryptocurrency trading, but a smooth process. It highlights why someone would want to buy Bitcoin because you feel like you are a part of the future. The future of money.
Step 5: View your Bitcoin
View the change in your account balance. Your bitcoin balance should be up!
Amber’s low fees still allow you to trade instantly, meaning there is no need to transfer anything from your Google wallet to a digital wallet.
You chose the simplest method: The Amber App + Google Pay.
Amber values your privacy and security, therefore, your Bitcoin are held in a non custodial Bitcoin wallet. You can make a Bitcoin transaction, to move your Bitcoin out of Amber into your own Bitcoin wallet – which we suggest you do.
Bitcoin is simple. So is Google Pay. When we accept Google Pay, we allow people to stake their claim on the future of the monetary standard. Not only Google Pay, but many other payment methods. Helping everyone achieve financial freedom.
Using Amber, a Bitcoin exchange, with instant transactions, and low fees (Amber Basic) or no transaction fee (Amber Black), it is the simplest way to buy Bitcoin. When you buy or sell Bitcoin on crypto platforms or other Bitcoin brokers out there, they may be confusing, with Amber there are only five steps.
It is vital you do your own research, when deciding to buy Bitcoin with Google Pay and save with Amber. We have many guides which can help you on your way.
Amber is the Google Pay Bitcoin broker that you are looking for: simple, fast and secure.