How to Pay With Crypto

This comprehensive guide shows how to pay online with cryptocurrency using various methods like Pay and other crypto payment solutions.

Jun 19, 2023

How To Pay With Crypto Online

Key Takeaways:

  • How to pay online with crypto is made easy with platforms like Pay and other payment solutions.
  • Acquiring cryptocurrency is the first step in using crypto for online payments.
  • The list of online retailers and brick-and-mortar stores that accept cryptocurrency as payment is consistently growing.
  • Paying with crypto can offer advantages like pseudonymity, peer-to-peer transactions, and fewer fees, depending on the payment solution used.
  • Proper due diligence and research are necessary when using crypto for online transactions.

Introduction to Paying Online With Crypto

Cryptocurrencies are gaining traction and popularity, and paying with crypto is now a relatively simple process, thanks to platforms like Pay and various crypto wallets and payment solutions. In this article, we explore the steps to pay online with crypto and discuss the benefits of using cryptocurrency for online transactions.

Acquiring Cryptocurrency

Before learning how to pay with crypto online, users need to acquire cryptocurrency. The easiest way to obtain crypto is by purchasing it on a cryptocurrency exchange with fiat money. Reputable exchanges allow users to create an account and fund it for their crypto purchases. Users may not be able to afford an entire coin, but when they buy cryptocurrency, they’ll receive portions that equal the dollar amount paid.

Wallets for Crypto Payments

To make a payment using cryptocurrency, users need a crypto wallet, which can be installed on their computer or mobile devices and act as an interface for accessing their crypto holdings. To be clear, the wallet doesn’t store the crypto itself; it holds the user’s private keys required to access their funds. There are hundreds of wallets available, each with different features. Some are compatible with nearly all cryptocurrencies, while others may work only with a few.

Most cryptocurrency exchanges provide a wallet for their users, allowing them to transfer funds to other exchange users or make payments using compatible services. For those who choose not to use the wallet from an exchange, consider popular wallets like the App or the DeFi Wallet.

Learn the differences between the various wallets.

How to Pay Online With Crypto Using Pay Pay is a payment solution that supports various payment scenarios, providing an instant payment experience and allowing customers to enjoy up to a 10% rebate through the Pay Rewards Programme. 

To make purchases with Pay, follow these steps:

  • Select the items or services to purchase and proceed to checkout.
  • Choose Pay as the payment method.
  • Scan the QR code or enter the wallet address manually.
  • Confirm the transaction and wait for the payment confirmation.

For more information on using Pay, refer to the FAQ page.

Paying With Crypto Wallets

For those who prefer to use a cryptocurrency wallet, the process to pay online with crypto is generally similar. 

To make a payment, follow these steps:

  • Open the wallet app.
  • Click on ‘Send Payment’ or a similar button.
  • Enter the amount to send.
  • Enter the recipient’s wallet address or scan their QR code.
  • Click ‘Send’ or a similar button to confirm the transaction.

Where to Pay With Cryptocurrency

As cryptocurrency adoption increases, the list of online retailers and brick-and-mortar stores that accept crypto as payment is growing. Many businesses that accept cryptocurrency do so through payment gateways, which generally guarantee cryptocurrency-to-fiat conversion at the time of the transaction to prevent price slippage. 

Some notable businesses that accept crypto include:

  • Microsoft
  • PayPal
  • Overstock
  • Starbucks
  • Newegg
  • AMC Theaters
  • AT&T

Benefits of Paying With Crypto

Paying online with crypto offers several advantages, such as:

  • Pseudonymity: Decentralised non-custodial crypto wallets do not require user information. This may offer a user some level of pseudonymity when making their crypto transactions. However, a user’s wallet address can be linked to their real-life identity.
  • Peer-to-peer transactions: Crypto is designed for peer-to-peer (P2P) transactions, with limited third-party involvement.
  • Fewer fees: Crypto transactions may, in certain contexts, involve fewer fees compared to traditional financial (TradFi) services.
  • Global accessibility: Crypto allows users to make or receive payments from almost anywhere with an internet connection.

Challenges of Paying With Crypto

Despite the benefits, there are also some drawbacks to paying online with crypto:

  • Transaction fees: Crypto transactions may have network fees, which can be high in some cases. Pay offers instant settlement with zero gas fees.
  • Price volatility: Crypto prices are volatile, which can lead to fluctuations in the value of a user’s holdings. This could potentially be mitigated by using stablecoin currencies for crypto payments.
  • Irreversible transactions: Crypto transactions, once completed, cannot be undone. Therefore, many users choose to pay with crypto through trusted merchants that offer protection and refunds.

Final Words on Paying With Crypto

Paying online with cryptocurrency has never been a more user-friendly and seamless experience than it is today, thanks to innovative solutions like Pay. With its instant payment experience and attractive rewards programme, Pay offers a compelling option for individuals looking to embrace the benefits of crypto payments, both on and offline. 

Due Diligence and Do Your Own Research

All examples listed in this article are for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, cybersecurity, or other advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by to invest, buy, or sell any coins, tokens, or other crypto assets. Returns on the buying and selling of crypto assets may be subject to tax, including capital gains tax, in your jurisdiction. Any descriptions of products or features are merely for illustrative purposes and do not constitute an endorsement, invitation, or solicitation.

Although the term ‘stablecoin’ is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.

Past performance is not a guarantee or predictor of future performance. The value of crypto assets can increase or decrease, and you could lose all or a substantial amount of your purchase price. When assessing a crypto asset, it’s essential for you to do your research and due diligence to make the best possible judgement, as any purchases shall be your sole responsibility.

Share with Friends

Ready to start your crypto journey?

Get your step-by-step guide to setting up an account with

By clicking the Get Started button you acknowledge having read the Privacy Notice of where we explain how we use and protect your personal data.
Mobile phone screen displaying total balance with App

Common Keywords: 

Ethereum / Dogecoin / Dapp / Tokens