The world's largest cryptocurrency exchange, Binance, announced in late 2022 that it now supports cryptocurrency purchases via Apple Pay and Google Pay. This guide provides a detailed walkthrough of using Apple Pay with the Binance mobile app for seamless crypto purchases.
Step-by-Step: Funding Your Binance Account via Apple Pay
Step 1: Activate Apple Pay on Your iPhone
- Open Settings → Wallet & Apple Pay → Add Card.
- Enter card details (number, expiration date, security code).
- Accept terms and complete verification via SMS (or your bank's preferred method).
Note: Currently, 14 Taiwan-issued credit/debit cards support Apple Pay—check Apple's official list for eligibility.
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Step 2: Access Binance App
- Launch the Binance app and tap "Buy Crypto with TWD" from the homepage.
Step 3: Select Cryptocurrency and Apple Pay
- Choose your desired crypto asset (e.g., BUSD) and purchase frequency (one-time/recurring).
- Enter the amount (e.g., 1,000 TWD) and select Apple Pay as the payment method.
Step 4: Upgrade Fiat Services (First-Time Users)
- Complete "Upgrade Fiat Services" if prompted. Existing KYC-verified users only need to "Allow Account Details Sharing."
Step 5: Confirm Order & Authorize Payment
Review the order details, including:
- 2% transaction fee (charged by Binance).
- 1.5% foreign transaction fee (applied by your card issuer, visible on later statements).
- Tap Confirm and authenticate via Apple Pay to finalize.
Key Considerations When Using Apple Pay on Binance
- Supported Cards: Verify your bank’s Apple Pay compatibility.
- Fee Transparency: Factor in both Binance’s 2% fee and your card’s 1.5% foreign transaction fee.
- Speed: Transactions are instant—no bank transfer delays.
FAQ: Apple Pay on Binance
1. Which cryptocurrencies can I buy with Apple Pay?
- Most major tokens (BTC, ETH, BNB, BUSD, etc.) are available, but options may vary by region.
2. Are there daily purchase limits?
- Yes, limits depend on your account verification level and card issuer policies.
3. Why wasn’t my Apple Pay transaction successful?
- Common reasons include insufficient funds, card restrictions, or regional unsupport.
4. Can I use Apple Pay for withdrawals?
- No, Apple Pay is currently for deposits only. Withdrawals require traditional bank transfers.
5. Is Apple Pay safer than credit card payments?
- Yes! Apple Pay uses tokenization, meaning your actual card details are never shared with Binance.
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Pro Tip: For frequent traders, consider Binance’s fee discounts by holding BNB or achieving VIP tiers.
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7. KYC Verification
8. Mobile App
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