You can convert Google Play Balance to Crypto? How To Buy Crypto with Google Play Balance?
Google Play is one of the most used apps among Android users, as they use it to discover, download, and update their apps daily. You can connect your google play with your wallet and pay in-app payments.
Do you own a substantial Google Play balance and seek to utilize it to purchase cryptocurrency? You’re not alone!
Many individuals aspire to invest in crypto using their Google Play account funds.
In this blog post, we’ll delve into the possibility of purchasing crypto using your Google Play credit and explore various methods and platforms that might assist you in converting those credits into cryptocurrencies.
So, let’s decode and uncover how to maximize your digital wallet and explore the realm of cryptocurrencies, but this time on the Google Play balance!
What Is Google Play Balance & What Is It Used For?
Google Play Balance is like a rechargeable wallet where you can buy apps, online books, games, and anything on Google Play.
The Google Play Balance is used to:
Discover a boundless collection of digital content and services on Google Play. This feature can help you with your entertainment cravings with apps, games, movies, books, and audiobooks.
Use the Currency Compatibility of the Google Play Balance:
Ensure that your Google Play balance matches the currency of the content you wish to purchase. For instance, a Canadian gift card redeemed in CAD cannot be used for purchases in Germany, where the currency is Euros.
Combine Google Play Balance with Other Payment Methods: Cryptocurrency!
This is a great feature for combining your Google Play credit with another payment method or promotion, such as cryptos. This flexibility allows the users to complete their transactions seamlessly.
Now, come back to the main topic! Is buying crypto with your Google Play balance possible?
NO!
Unfortunately, directly buying or converting the Google balance into cryptocurrencies, such as Ethereum or Bitcoin, isn’t possible. But instead, you can use alternative methods to turn those virtual credits into digital assets.
In the following section, you can follow two alternative methods to buy crypto with your balance account.
Buy Crypto with Google Play Balance: Step-by-Step
This section will teach you about buying cryptocurrency using your Google Play balance.
As you already know, directly purchasing cryptocurrency using Google Play balance is impossible. However, there are indirect methods to utilize your Google Play balance for crypto investments.
Here are two options you can explore:
1. Buy Google Play Gift Cards & Trade
Again, we must admit that you cannot “directly” purchase Google Play gift cards with cryptocurrency.
It is based on Google’s policies to stop scammers and maintain a reliable environment for all users to enjoy this platform.
Yet, you can find third-party services allowing you to exchange cryptocurrencies for Google Play gift cards.
Here are some of the popular platforms that allow you to exchange cryptocurrency for gift cards on Google Play:
- CoinGate: CoinGate is a popular cryptocurrency payment gateway that allows you to buy gift cards from various retailers, including Google Play, with over 120 cryptocurrencies supported.
- Buysellvouchers: Buysellvouchers is another reliable platform that facilitates cryptocurrency-to-gift card exchanges. They offer many gift card options, including Google Play, and support over 170 cryptocurrencies.
- Coinsbee: Coinsbee is a dedicated gift card platform that allows you to buy gift cards from Google Play and other major retailers with over 100 cryptocurrencies supported.
There is another way that you can utilize the Google Play gift cards to gain cryptocurrency:
- Purchase Google Play gift cards: Use your Google Play balance to purchase Google Play gift cards in the desired denomination.
- Sell gift cards on a platform: Sell the Google Play gift cards on a platform that allows exchanging gift cards for currency.
- Receive currency: You will receive the corresponding currency payout once the gift cards are sold.
2. Convert Google Play Balance to Fiat Currency
Google Play balance cannot be converted to fiat currency immediately, such as USD or EUR, through official methods, but linked payment services like a bank account or PayPal can help indirectly!
Once the funds are transferred, you can use them to purchase cryptocurrency on a compatible exchange.
- Connect your Google Play account to a supported payment service like a bank or PayPal.
- Initiate a transfer from your Google Play balance to the linked payment service.
- You can convert funds to fiat currency once the funds are transferred to your payment service account.
3. Use Third-Party Services: Paxful Website
Some third-party services allow you to purchase cryptocurrency on Google Play balance. Most of these platforms charge a fee for their services, so it’s essential to investigate and compare rates or user experience before choosing a reputable provider.
One of these reliable services is Paxful, a peer-to-peer marketplace allowing users to buy and sell cryptocurrencies directly.
You can take the steps below to use Paxful to buy crypto with Google Play balance:
Create a Paxful account: Head to the Paxful website or download the app, which is available for Android on Google Play, and then create an account.
Verify your identity: This app requires you to verify your identity to comply with anti-money laundering regulations. For this reason, the users might provide a copy of their ID and other verification documents.
Find a seller: Search Paxful for sellers willing to accept Google Play balance as payment for cryptocurrency. You can filter your search by cryptocurrency, price, and payment method.
Select a seller and agree on a price: After finding a seller, you must review their reputation and feedback from other users. Once satisfied, enter the amount of cryptocurrency you want to purchase and agree on a price with the seller.
Initiate the trade: Once you’ve agreed on the terms of the trade, initiate the trade on Paxful. Paxful will generate a unique trade ID you’ll need to provide the seller.
Send Google Play balance: Send the agreed-upon amount of Google Play balance to the seller’s Google Play account.
Receive cryptocurrency: Once the seller confirms that they have received the Google Play balance, they will release the cryptocurrency to your Paxful wallet.
Withdraw cryptocurrency: You can withdraw the cryptocurrency to your wallet.
These are the alternative methods for those who ask how to buy crypto with Google Play credit.
Get more insights by reading our recommended article on “How To Buy Crypto in Trinidad?“, related to this content.
In short
While directly purchasing cryptocurrency with Google Play balance is currently impossible, some workarounds enable you to tap into the world of cryptocurrencies.
Explore the 3 provided options for purchasing crypto from the Google Play balance we mentioned in this article.
But you must consider that cryptocurrency investments carry risks, so conduct thorough research and choose the most reliable apps to prevent any danger.
Hopefully, this guide was useful if you want to convert Google Play balance to crypto. Now it is your turn to tell us how to buy crypto with Google Play Balance.
We are waiting for you in the comments!