Buying cryptocurrencies with Alipay is a simple and convenient option. We recommend using a reputable cryptocurrency exchange like Binance to buy digital assets such as Bitcoin or USDT with Alipay. Binance supports over 40 fiat currencies and accepts Alipay.
Binance is a regulated crypto exchange with over 600 supported cryptocurrencies, advanced features, and, most importantly, very low fees. We will also present you with the best alternative options in case you can not use Binance due to regulatory restrictions.
Can I Buy Cryptos With Alipay?
Yes, buying crypto assets such as Bitcoin, Ethereum, or USDT with Alipay is a fast, simple, and convenient option. The easiest and safest way to proceed is to choose a reputable crypto exchange that allows Alipay transactions. Binance offers Alipay transactions in their P2P market. Simply select a seller who supports Alipay payments and make the transaction.
How To Buy Cryptos with Alipay
The best place to buy Cryptos with Alipay is Binance, the largest cryptocurrency exchange in the world with over 160 million users, supporting 400+ crypto assets across 150 countries. What we love about Binance is its feature-packed platform, simple interface, and low spot trading fees of 0.1%.
Follow our simple step-by-step guide below to buy cryptocurrencies via Alipay on Binance:
- Visit the official Binance website and create a 100% free account.
- Verify your identity by providing a government-issued ID and finish the facial recognition test.
- On the official Binance homepage, hover over “Trade” in the top left corner and select “P2P”.
- Select CNY as the payment currency, then click on “All payments” and select “Alipay”.
- Browse through the available listings and select a reputable seller with a high completion rate. Then click on “Buy” on the right-hand side.
- Follow the instructions provided by the seller and make the Alipay transfer.
- Wait for the seller to send the cryptos directly to your Binance account.
Recommended Alternatives
When Binance isn’t accessible in your area, consider top-tier crypto exchanges like Bybit and OKX.
Bybit stands out as a dedicated crypto exchange platform that supports over 700 cryptocurrencies and has low fees. It offers an Alipay integration in the Bybit P2P trading platform.
OKX is another tier-1 crypto exchange that supports Alipay as a P2P payment method. However, be aware of regulations and local restrictions, as the P2P feature on OKX is not accessible to everybody.
What are the Fees?
Alipay crypto purchases typically involve fees ranging from 0% to 3% based on your local currency and selected crypto exchange. Binance excels with zero-fee P2P transfers, positioning itself as one of the most cost-effective choices. Its low trading fees of only 0.1% per transaction further enhance its value proposition. However, it is crucial to understand that the P2P sellers may charge a premium rather than the current market price.
OKX and Bybit follow the same structure, charging no fees on the P2P market.
About Alipay
Alipay is a leading digital payment and lifestyle platform founded in 2004 by Alibaba Group. Initially created to facilitate secure online transactions for Alibaba’s e-commerce platforms, it has evolved into a comprehensive financial ecosystem. Alipay offers a wide range of services, including mobile payments, money transfers, and financial management tools. With over 1 billion users worldwide, it’s deeply integrated into daily life in China and expanding globally. Alipay’s innovative features, such as QR code payments and mini-programs, have revolutionized how people interact with businesses and manage their finances.
Bottom Line
Alipay has emerged as a popular method for cryptocurrency purchases. The process is straightforward: Select a reputable, regulated exchange like Binance, complete identity verification, and purchase popular cryptocurrencies such as BTC, ETH, or USDT using Alipay on the Binance P2P market.
Binance’s fee structure is particularly competitive. With spot trading fees at 0.1% and futures fees at 0.02% for makers and 0.05% for takers, it offers exceptional value for traders.
For users in regions where Binance is unavailable, Bybit and OKX serve as viable alternatives for Alipay transactions.
