Best Crypto Exchanges with AliPay
Alipay is a Chinese digital wallet with over one billion active users worldwide. The platform allows users to pay for various services and products online and offline, with fees as low as 0% to 0.25%.
In addition, you can purchase a variety of cryptocurrencies with Alipay by sending funds to a reputable cryptocurrency exchange that accepts Alipay as a payment method. OKX stands out as the best option as it provides instant CNY deposits with Alipay and offers over 350 cryptocurrencies with low trading fees.
Suppose you’re a crypto trader or investor in China seeking to use Alipay to buy cryptos securely. In that case, this article features the three best crypto exchanges to buy Bitcoin and other cryptocurrencies with Alipay and step-by-step guidelines to help you complete your purchase.
Note that these are all legit crypto exchanges that require KYC verification for users to buy cryptos. They are:
- OKX – Best Exchange with Alipay
- Binance – Largest Exchange with Alipay
- Bybit – Best Alternative with Alipay
1. OKX
OKX is a global cryptocurrency spot and derivatives exchange and the second biggest crypto exchange by trading volume, serving over 50 million people globally. Users can access trading fees as low as 0.08% for makers and 0.1% for takers on the spot market. For futures trading, fees are set at 0.02% for makers and 0.05% for takers.
Another thing about OKX is that it supports Alipay for buying Bitcoin and other cryptos via the platform. Users in China can pay directly with the Chinese Yen (CNY) via Alipay on OKX. Follow the comprehensive step-by-step guidelines below to buy cryptos with Alipay on OKX:
Step 1: Create and Verify your OKX Account
The first step to buying cryptos with Alipay on OKX is to create an account using your email address or phone number. Then, complete the KYC verification by uploading a valid ID and taking a live selfie.
Step 2: Go to the “Buy Crypto” Section
Log in to your OKX account. At the top left corner of the homepage, click on “Buy Crypto,” then select “P2P Trading”.
Step 3: Select Alipay as your Payment Method and proceed to the payment
In the next window, click the payment method tab and select “Alipay.” Choose “CNY” as your preferred currency, enter the amount, and select the crypto you want to purchase.
Next, choose your preferred advertiser from the list below and click “Buy.” In the next window, copy the advertiser’s details and proceed to your Alipay account to make the transfer.
After you’ve made the transfer, go back to OKX and click “Payment Completed,” your cryptos will be added to your account once your transaction is verified.
2. Binance
Binance is the largest crypto trading platform in the world, supporting over 350 cryptocurrencies and more than 180 countries. Trading fees are as low as 0.02% for makers and 0.05% for takers on the futures market, while the spot trading fees are fixed at 0.1% for both makers and takers.
Users can also easily buy Bitcoin and other cryptocurrencies with Alipay on Binance. The platform also supports the Chinese Yen (CNY) for payments, making it convenient for Chinese traders and investors.
If you want to buy cryptos with Alipay on Binance, follow the guidelines below to complete your purchase.
- Create an account on Binance and verify your identity with a government-issued ID.
- Log in to your account and click “Trade” at the top left corner of the homepage. Then, select ‘P2P’ from the dropdown menu.
- On the P2P trading interface, select your desired crypto, choose the Chinese Yen (CNY) as your preferred currency, and select the preferred payment method. In this case, you’ll choose “Alipay” as your payment method, as indicated in the image below.
- Select your preferred advertiser from the list below and click “Buy BTC.”
- Copy the Advertiser’s payment details and proceed to your Alipay account to make the payment.
- Once you’ve made the transfer, go back to Binance to click “Payment Completed,” your cryptos will be added to your account once your transaction is verified.
3. Bybit
Bybit is one of the more recommended cryptocurrency derivatives exchanges as it offers advanced trading tools, low trading fees, and leverage of up to 100X on derivatives and perpetual contracts.
Users have access to trading fees as low as 0.02% for makers and 0.055% for futures trading, while spot trading fees are set at 0.1% for both makers and takers.
Additionally, Bybit is one of the best crypto exchanges to buy Bitcoin and other cryptos with Alipay conveniently. However, Bybit does not support the Chinese Yen (CNY) for payments on the platform.
To buy Bitcoin and other cryptos securely with Alipay, follow the comprehensive step-by-step guidelines below:
- Create an account on Bybit and verify your identity by uploading a government-issued ID and taking a live selfie.
- Log in to your account. Click “Buy Crypto” at the top left corner of the page, then select “P2P Trading.”
- On the P2P trading window, select your desired crypto, choose your preferred currency, and select the preferred payment method. In this case, you’ll choose “Alipay” as your payment method, as indicated in the image below
- Select your preferred Advertiser from the list below and click “Buy USDT.”
- Next, confirm the details of your order and click “BUY.”
- In the next window, copy the Alipay details of the Advertiser, then proceed to your Alipay account to make the transfer.
- Once you’ve made the transfer, return to Bybit and click “Payment completed.” Your cryptos will be released into your Bybit account once your transaction is verified.
Final thoughts
Alipay users can transfer funds seamlessly to reputable exchanges such as OKX, Bybit, or Binance. The platform offers one of the most affordable ways to buy cryptos, with transfer fees ranging from 0% to 0.25%. For Chinese traders and investors, Binance and OKX offer a more convenient way to accept cryptos as they support the Chinese Yen (CNY) for payments. However, we recommend OKX as the best crypto exchange to buy Bitcoin and other cryptocurrencies with Alipay.
