Bitpay — Review


About Company:

Crypto wallet Bitpay is one of the largest providers of payment services related to bitcoin. Bitpay allows you to store and exchange BTC, as well as pay for services and goods. According to the developers, the transfer to fiat currency is subject to a low commission. bitpay Bitpay has been operating for over ten years. It was founded by T. Gallippi and S. Parom in 2011. Two years later, Bitpay added $2 million to the Founders Fund, reaching the level of 10,000 merchants. In 2014, the company launched representative offices in Atlanta, New York, San Francisco and other parts of the world. Now Bitpay is a well-known multi-currency wallet. List of supported coins The main cryptocurrency of this platform is bitcoin, but Bitpay also takes into account: Ethereum; Ripple Bitcoin Cash usdc. How to use the Bitpay wallet The crypto wallet is installed on the following platforms: android; Windows; Mas; Linux; iOS. If you want to put Bitpay on a mobile device, you will have to download the app from the App Store (iOS) or Google Play Store (Android). To install on a laptop or PC, it is proposed to use the official website The application is installed according to the standard algorithm. To create a wallet you need: Open the program and click on the wallet icon at the bottom left. Select “Get Started”. Connect those currencies for which wallets are needed. Press the “Create” button. Read the hints and confirm the information by clicking “I understand”. Think up and enter a password. It is important to write down the combination and keep it in a safe place. When registering, the program offers to create a backup copy of the wallet. This is necessary in order to make it easier to restore it if some kind of failure occurs or the user forgets the password. Further, all operations take place directly in your personal account. To transfer money or request payment, you need to click on the selected currency, copy the generated code for the sender, or fill in the fields for sending money yourself. There are two formats for using Bitpay: For online transactions, transfers, exchange, buying and selling, storage. To pay for goods / services in the store. The seller generates a unique code, provides it to the buyer, and he pays the required amount in BTC. The seller is charged a commission of 1% of the transaction. Therefore, the platform website has two sections: for clients and for business. Bitpay limits and fees The limit for withdrawing money through an ATM is $ 2,000 per withdrawal, no more than three withdrawals can be made per day. On replenishment and withdrawal of money from an online account, the limit is 10,000 dollars per day. The maximum balance that can be on the card reaches $25,000. For using Bitpay, customers pay a small commission: 3% for currency conversion; $2.95 per card issue; $10 when replacing a card; $5 per month for inactivity (accrued after 90 days without transactions); 2-3 dollars for withdrawing money from an ATM (depending on the country). At the same time, there is no monthly commission for using the platform. Conclusion Bitpay names its advantages: multicurrency; simple interface, the ability to fully use the platform both from a PC and from mobile devices using different software; integration with various hardware wallets (in particular, with Ledger and Trezor); the presence of an internal exchanger for the sale and purchase of bitcoins; several stages of protection, the use of a password and two-factor authentication; multilingual application, support in Russian. To make sure of the quality of the Bitpay wallet, you should refer to the reviews.

Bitpay — Review
1 based on 5 reviews

5 reviews to “Bitpay — Review”

  1. This is a company where you cannot speak to anyone and their transfer fees are 35. percent of transaction most other brokers are 1 percent I found out after signing up because you can’ t unless you sign up!!! I will never use them after getting burned 35 percent??????!!!!!!! If you want a card forget it !it says ten dollars but I had 27 dollars and just brought me to where I was waiting for an answer but never got one!!!! Unreal!!!! No human contact @ all

  2. I first used their wallet to buy an Amazon gift card for around $250. Flawless. Gave me a code right away. I had some extra Bitcoin and wanted to expand my mining rig so I bought one for $1000. Did NOT work the same BUT they took my Bitcoin. I didn’t get a gift card code and I have been waiting for days for a simple email back and nothing. This has all the looks of an ABSOLUTE SCAM! Their 800 number will not be put thru to a live person and just tells people to go to their website. Horrible company. They ripped me off. I hope they get sued.

  3. I’ve used dozens of wallets and this is so bad, it’s completely unusable! You can only load it from an exchange or from a credit card (which means if you already have another wallet – you can’t move crypto from it to this one!). Why are we STILL forced to go to a ?!@# exchange to move from wallet to wallet? WHY?!?

  4. Biggest vallet scam. Charge 14 euro for a 25 euro btc transaction. “Miner fees”.

    Did the same payment with another vallet and the fee was 1.25 euro. But bitpay charges 14 euro! They claim non of the fees goes to the company, but to the miners. I sendt money to bitpay because i used my phone and i regret it so much. Stay away from Bitpay if you read this.


  5. I have an old BitPay account that I haven’t used in a few years, and recently wanted to use it again. I no longer have the debit card from the account and just want a replacement card. I tried for several days by email, chat, and phone, and they all keep sending me to another support person or phone number. Terrible customer service and nobody can seem to help me get a replacement card. After reading all of these negative reviews I don’t think I want to use my account anymore

Write your review