For our crypto community in the UK, buying crypto with Faster Payment Systems (FPS) brings a whole new level of convenience to the crypto buying process. BitPay offers FPS as one of the money payment methods when you buy Bitcoin and other cryptocurrencies in the BitPay app or website. This guide will show you how easy it is to pay with FPS.
UK BitPay users have two easy ways to buy Bitcoin and other cryptocurrencies with Fast Payment Systems, via the BitPay Wallet app or on the BitPay website. Each is a convenient method of paying for crypto straight from your UK bank account and managing your assets with self-custody.
Buying crypto with Fast Payment Systems in the BitPay Wallet app
Step 1: Get the appDownload the BitPay app from your preferred app store, or scan the QR code below. Already have the BitPay app? Skip this part.
Step 2: Tap “Buy Crypto”Tap the “Buy” button on the app’s home screen to buy crypto from your bank account. In addition to Bitcoin (BTC), BitPay supports more than 60 of the most popular cryptocurrencies and stablecoins including Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC) and many more.
Step 3: Choose your amount and the cryptocurrency you wish to purchaseEnter the amount you’d like to convert to crypto, and the coin you want to convert.
Step 4: Choose ‘Other’ as your payment methodAlong with Fast Payment System transactions, you can also buy crypto with a credit card, Apple Pay, Google Pay, or alternative local banking methods (where applicable).
Step 5: Review and chose your offersBitPay partners with multiple crypto marketplaces to ensure you’ll always get the best possible rates, with no hidden fees or excessive markups. Choose the best offer available for you, and you’ll be automatically taken to one of our partner sites to enter your banking details and complete the transaction.
Note: Note: Currently, Banxa is the only partner that offers FPS payment options to UK-based crypto buyers.
Buy crypto with your Faster Payment Systems online at BitPay.com
Step 1: Choose your cryptoVisit BitPay’s buy crypto page. Select from the top cryptocurrencies including Bitcoin, Ether, Litecoin, Bitcoin Cash, USDC, Polygon and tons more. Enter the amount of crypto you’d like to buy.
Step 2: Send to any walletEnter the address where you’d like to receive your crypto. You can send your crypto to nearly any self-custody wallet as long as you know your wallet address. If you don’t already have a self-custody wallet, or would like to store your crypto in a new wallet, you may create a free BitPay Wallet.
Step 3: Pay with bank account and receive your cryptoBitPay aggregates offers from multiple partners to ensure you get the best possible rate. Look for the “Best Offer” flag. Once you’ve chosen your preferred offer, you’ll be taken to one of our partner sites to enter your banking details and complete the transaction. Your crypto will be sent to your wallet address and available to use near-instantly.
Note: Currently, Banxa is the only partner that offers FPS payment options to UK-based crypto buyers.
Buy Bitcoin with FPS instantly
Get the BitPay App
Why buy crypto with instant Faster Payment Systems?
Instant Faster Payment Systems transactions
Securely and conveniently convert fiat from your bank account to crypto
Low fees
Bank transfer fees typically lower than credit cards
High limits
Buy up to £30,000 daily
Higher authorization rates
FPS payments typically see higher authorization rates compared to traditional payment methods
175+ coins across 20 chains
Buy a diverse array of coins and tokens to build your portfolio
Secure, self-custody experience
You still own 100% of the crypto you buy; no third party custody
Through the BitPay app or website, you can buy more than 60 top cryptocurrencies and stablecoins using your bank account to pay.
And many, many more. Use the BitPay widget to see all of the cryptocurrencies available for purchase.
The Faster Payment Systems (FPS) in the UK, renowned for its real-time bank transfers, is a popular method for purchasing Bitcoin and other cryptocurrencies. Taking advantage of its rapid transaction times, security, and widespread acceptance among UK banks, many individuals choose FPS to seamlessly fund their accounts on cryptocurrency exchanges and acquire digital assets.
Once you’ve obtained your Bitcoin or other cryptocurrency, you’re free to hold, swap or spend as you see fit. The BitPay app gives you total control over all of your assets, making it easy to:
Hold and store securely
Keep your crypto assets safe and secure in an easy-to-use, self-custody crypto wallet. You can even import additional wallets and manage them all from one place.
Swap coins
Easily exchange one digital asset for another in the BitPay app. Swap Bitcoin for Ethereum, Dogecoin, Bitcoin Cash and many other top cryptocurrencies.
Spend your crypto
You can also spend your crypto right from the app, either by connecting your wallet to a merchant that accepts crypto payments or buying gift cards with crypto from some of your favorite brands. Check out our Merchant Directory for a searchable list of businesses that accept crypto payments through BitPay.
