Binance introduces Apple Pay and Google Pay options

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Binance Introduces Apple Pay and Google Pay options

Binance, the largest cryptocurrency exchange in the world by trading volume, has introduced both Apple Pay and Google Pay features. This update will allow enthusiasts to purchase cryptocurrencies from the platform using two of the most popular payment services in the world.

Following the Binance Build update via Twitter yesterday, several. users responded that they had tried the feature and it works excellently. This move is Binance’s latest to improve the accessibility of the exchange and promote the mainstream adoption of investing in cryptocurrency.

Importance of integrating Apple Pay and Google Pay Feature into Binance

Payment platforms have significantly developed in the financial sector over recent years. Consumers use these applications more frequently than ever, and their implementation into the cryptocurrency world has been steady.

Binance Introduces Apple Pay and Google Pay Feature

Apple Pay and Google Pay are two of the most popular mobile wallets in the market, and Binance’s latest update will allow more users to purchase crypto easily. Also, this would lead to a vast market share of users interested in purchasing digital currencies.

Read also: Binance’s Fear, Uncertainty and Doubt (FUD); here is all you need to know

Apple Pay alone boasts 43.9 million users, according to Business.com. Comparatively, Google Pay boasts 25 million through the same data, standing as first and second in total users for digital wallets, respectively.

Moreover, introducing these mobile wallets to the world of cryptocurrency marks another step forward in the mainstream accessibility of digital assets. With this kind of update’s ease of usage, there is the potential for the greatest customer acquisition in the world of crypto.

Binance Introduces Apple Pay and Google Pay Feature

How to Buy Crypto With Google Pay and Apple Pay on Binance

Buying digital assets from Binance using Google pay and Apple pay from Binance is easy and can be completed in the following steps.

Read also: 5 cryptocurrencies to watch out for in 2023

  • Log in to your Binance App. Select either [Buy crypto with Apple Pay/Google Pay option] or [Trade].
  • On the trade menu bar, select [Fiat] and choose the currency you want. Then tap [Buy Crypto].
  • Select the crypto you want to buy and enter the fiat amount you wish to spend. The system will automatically display the amount of crypto you can receive. Tap [Buy].
  • To buy crypto with Google Pay or Apple Pay, select [Google Pay] or [Apple Pay] and tap [Confirm].
Binance Introduces Apple Pay and Google Pay Feature
  • Carefully check the payment details and fees, and [Confirm] your order within 1 minute. After 1 minute, the amount of crypto you will get will be recalculated based on the latest market price. You can tap [Refresh] to see your new order amount. Please note that the fee rate is approximately 2% per transaction.
  • You’ll be redirected to your Google Pay or Apple Pay transaction page. Follow the instructions on-screen to confirm the payment.
  • Once the payment is complete, tap [View Wallet] to see your transaction history.

Read also: Chris Ani shares Crypto lessons from 2022 and what to expect in 2023


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