How to Buy Cryptocurrency on Binance Using Apple Pay

·

Purchasing cryptocurrency has become increasingly accessible, especially with the integration of familiar digital payment methods like Apple Pay. In late 2022, Binance — the world’s leading cryptocurrency exchange — announced support for Apple Pay and Google Pay, allowing users to seamlessly buy digital assets using their mobile devices. This guide walks you through the complete process of buying crypto on Binance using Apple Pay, with clear, step-by-step instructions optimized for iPhone users in regions like Taiwan.

Whether you're a beginner exploring your first crypto purchase or an experienced trader looking for faster on-ramps, this method offers convenience and speed. We’ll cover everything from setting up Apple Pay to completing your first transaction, while also discussing fees, security, and best practices.

Setting Up Apple Pay on Your iPhone

Before purchasing cryptocurrency, ensure your Apple Pay is properly configured. Here’s how:

  1. Open Settings on your iPhone.
  2. Tap Wallet & Apple Pay.
  3. Select Add Card and follow the prompts to enter your credit or debit card details (card number, expiration date, CVV).
  4. Review and accept the terms and conditions.
  5. Complete verification — typically via SMS or a notification from your bank.

📌 Note: As of now, 14 banks in Taiwan issue cards compatible with Apple Pay. For the most accurate list, visit the official Apple Pay Taiwan page.

Once verified, your card will be ready for secure, contactless payments — including crypto purchases on Binance.

👉 Discover how to start investing in crypto with just a few taps using secure digital payments.

Step-by-Step: Buying Crypto on Binance with Apple Pay

Now that your Apple Pay is set up, let’s walk through the actual process of buying cryptocurrency through the Binance app.

Step 1: Launch the Binance App

Open the Binance mobile application and log into your account. If you don’t have an account yet, you’ll need to register and complete identity verification (KYC) first.

Step 2: Navigate to “Buy Crypto with TWD”

From the home screen, tap "Buy Crypto" and select "With TWD" (New Taiwan Dollar). This option allows local currency purchases directly within the app.

Step 3: Choose Your Cryptocurrency and Payment Method

Select the cryptocurrency you’d like to purchase. Common choices include:

Enter the amount you wish to buy — for example, NT$1,000 worth of BUSD. Choose between:

When prompted, select Apple Pay as your payment method.

Step 4: Upgrade Fiat Services (First-Time Users)

If this is your first time using fiat-to-crypto services on Binance, you may be asked to upgrade your fiat services. If you’ve already completed KYC verification, simply:

This step ensures compliance with financial regulations and enhances transaction security.

Step 5: Confirm and Authorize Payment

Review your order carefully:

Then confirm the transaction. Your iPhone will prompt you to authenticate using Face ID, Touch ID, or your device passcode — this is Apple Pay’s built-in security layer.

Once authorized, the purchase processes instantly. You’ll see a confirmation screen showing:

Understanding the Costs Involved

While convenient, using Apple Pay on Binance comes with two types of fees:

  1. Binance Transaction Fee:
    Binance charges a 2% fee per Apple Pay transaction. This is higher than some other deposit methods but reflects the convenience and speed of instant mobile payments.
  2. Overseas Card Processing Fee:
    Since Binance operates internationally, your bank may apply a 1.5% foreign transaction fee when processing the payment. This won’t appear during checkout but will show up later on your credit card statement.

💡 Tip: Consider these costs when planning regular investments. For larger amounts, alternative funding methods like bank transfers may offer lower fees.

👉 Learn how to minimize fees and maximize returns with smart crypto investment strategies.

Frequently Asked Questions (FAQ)

Q: Is it safe to use Apple Pay on Binance?

Yes. Apple Pay uses tokenization and biometric authentication (Face ID/Touch ID), making it one of the most secure ways to pay online. Combined with Binance’s two-factor authentication (2FA), your transactions are well protected.

Q: Can I use Apple Pay to buy any cryptocurrency?

You can buy major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), BNB, and stablecoins such as BUSD and USDT — provided they are available in your region and supported by Binance’s fiat gateway.

Q: Why was my Apple Pay purchase declined?

Common reasons include:

Q: Does this work outside Taiwan?

Yes, but availability depends on local banking partnerships and regulatory approval. Users in supported countries including the U.S., UK, France, and Singapore can also use Apple Pay on Binance.

Q: Are there daily purchase limits?

Yes. Limits vary based on your verification level and region. Verified users typically enjoy higher limits — often ranging from $50,000 to $100,000 per month.

Q: Can I sell crypto and withdraw funds via Apple Pay?

No. Apple Pay is currently only supported for buying cryptocurrency. To cash out, use bank transfers or other withdrawal methods available in the Binance app.

Core Keywords for SEO

To ensure visibility and relevance in search engines, here are the primary keywords naturally integrated throughout this article:

These terms reflect high-intent user searches and align with real-world queries about entering the crypto market using trusted mobile payment systems.

Final Thoughts

Using Apple Pay on Binance simplifies the process of entering the cryptocurrency market — especially for mobile-first users who value speed, security, and ease of use. With just a few taps, you can convert fiat currency into digital assets without leaving your phone.

However, always remain mindful of transaction costs and ensure your device and accounts are secured with strong passwords and 2FA. As the crypto ecosystem evolves, expect more integrations between traditional finance tools like Apple Pay and decentralized financial platforms.

Whether you're starting small with NT$1,000 or building a long-term portfolio, this method offers a smooth gateway into the world of blockchain and digital ownership.

👉 Get started today — turn your everyday spending power into crypto investments with ease.