Buy Stablecoins with Google Pay on Speed Wallet: A Guide

Want to buy USDT or USDC using Google Pay? Speed Wallet lets you deposit USD using supported payment options and use your wallet balance to buy Stablecoins. You can then hold, swap, send or receive your Stablecoins directly within Speed Wallet.

What are Stablecoins?

Stablecoins are digital assets created to maintain a stable value by being pegged to currency most commonly the US dollar. Unlike Bitcoin, which experiences price fluctuations, dollar-pegged Stablecoins aim to be a value close to $1 per token.

Speed Wallet supports two widely used Stablecoins:

• USDT (Tether): Issued by Tether, USDT is a US dollar-pegged Stablecoin commonly used for digital payments, transfers and managing digital funds.

• USDC (USD Coin): Issued by Circle, USDC is another dollar-pegged Stablecoin designed to maintain a 1:1 value with the US dollar.

Both provide access to digital dollars and can be used for transfers and payments across supported networks.

Why buy Stablecoins with Google Pay on Speed Wallet?

Google Pay offers a convenient and easy  way to make digital payments. Eligible users can select Google Pay to add funds in Speed Wallet account and buy digital assets like Stablecoins. 

With Speed Wallet, the process involves two simple stages: depositing USD using Google Pay and buying your preferred Stablecoin using your available USD balance.

Here are some benefits:

• Convenient payments: Use an eligible payment method which are familiar like Google Pay.

• Simple purchase process: Deposit USD and use your wallet balance to buy Stablecoins.

• Multiple Stablecoins: Choose between USDT and USDC.

• One wallet for multiple assets: Manage Bitcoin, Stablecoins and tokenised gold (XAT) within one wallet.

• More ways to use your balance:  Buy, swap, send and receive supported assets directly through your wallet.

Payment methods and availability depend on your location, and account eligibility.

How to buy Stablecoins with Google Pay on Speed Wallet

Buying USDT or USDC with Google Pay on Speed Wallet involves depositing USD first and then buying your preferred Stablecoin.

Follow these steps:

Step 1: Open the cash tab

In Speed Wallet access the Cash tab to access your USD balance and funding options.

Step 2: Tap deposit

Select Deposit to add USD to your Speed Wallet. This opens the available payment options.

Step 3: Enter the amount

Enter the amount of USD you want to deposit into your wallet account. Check the amount before proceeding.

Step 4: Select Google Pay as your payment method

From the available payment methods, select Google Pay. Make sure your eligible payment method is linked and ready to use.

Step 5: Complete your payment

Follow the instructions and authorise the transaction through Google Pay. Once the payment is successfully done, your USD balance will be credited to Speed Wallet.

Step 6: Confirm your USD deposit

You'll see a successful deposit confirmation once your USD has been added to your Speed Wallet account. Your available USD balance is now ready to use for purchasing Stablecoins.

Step 7: Buy Stablecoins

Navigate to the Buy option in Speed Wallet. Select the Stablecoin you want to purchase, either USDT or USDC.

Step 8: Enter the amount and tap get Stablecoins

Enter how much of the selected Stablecoin you want to buy. Review the displayed purchase details and tap Get Stablecoins to proceed.

Step 9: Receive your Stablecoins

Once the purchase is successfully completed, your USDT or USDC will be credited to your Speed Wallet balance. You can now hold, swap, send or receive your Stablecoins through supported features.

Get started with Speed Wallet: Download Speed Wallet to access supported deposit and Stablecoin purchase options.

USDT vs USDC: Which Stablecoin should you buy?

If you're deciding whether to buy USDT with Google Pay or buy USDC with Google Pay, understanding their differences may help you choose the right asset.

Both Stablecoins aim to maintain a value close to $1. However, they have different issuers, arrangements and network support. Your choice should depend on your intended use and needs.

What can you do with Stablecoins on Speed Wallet?

Buying Stablecoins is just a part of managing digital assets. Speed Wallet gives additional features that let you use your Stablecoins after purchasing them.

1. Send and receive Stablecoins

Send USDT and USDC to other addresses. You can enter a recipient's address or scan their QR code, select the asset and network, and confirm the transaction after reviewing the details.

Learn more about sending and receiving assets with Speed Wallet.

2. Swap between supported assets

Speed Wallet lets you swap between all the assets, including BTC, USDT, USDC and XAUT. This makes it easier to manage different assets from one wallet without moving between multiple apps.

3. Manage multiple assets

Alongside Stablecoins, Speed Wallet supports Bitcoin and Tether gold (XAUT). You can access these assets and all their wallet features from one platform.

4. Track prices and recurring buys

Speed Wallet also offers price alerts to help you track market prices and recurring buys to schedule buys daily, weekly or monthly.

Why Choose Speed Wallet to buy and manage Stablecoins?

Speed Wallet brings buying and managing multiple digital assets together in one platform.

• Multiple assets: Access Bitcoin, USDT, USDC and XAUT.

• Flexible funding: Choose from available payment methods based on your location and eligibility.

• In-wallet swaps: Exchange supported assets directly within Speed Wallet.

• Multiple networks: Send and receive supported Stablecoins across compatible networks.

• Cross-platform access: Use Speed Wallet on mobile, Chrome extension, web wallet and Telegram.

Instead of using separate platforms for buying and managing Stablecoins, Speed Wallet gives you access to multiple asset-management features in one place. Get started with Speed Wallet today. Download Speed Wallet