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 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:
Bitcoin Cash
How to use the Bitpay wallet
The crypto wallet is installed on the following platforms:
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.
Bitpay names its advantages:
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.

1 based on 4 reviews

4 reviews to “
Bitpay — Review”

  1. An unused Bitpay card, 2fa on my account. Funds were drained and placed on some new card in Santa Ana California that I have never been to. As the card was brand new, with a PIN code, I thought my account was safe. I called, they use “Card Services,” a scammy 3rd party company and they basically didn’t care they have internal theft or hackers at Bitpay. Absolute scam of a company. Run as fast as possible they cannot be trusted, as they have hackers or scammer working for them.

  2. i never paid so much fee to send BTC
    most of the time they take AT LEAST +1€ for each transaction and the transaction is SLOW no matter if you change the bitcoin network fee policy.

    last time i had to pay a product for 19.5€ i added 21.07 from coinbase (coinbase taked 0.2 cts and bitcoin was received in 30 min)
    now i cant pay the 19.5 bcs they said the total value (of my wallet) didnt cover the fee


  3. Read me very well! You could be tempted in investing in because they have good return of investment.but don’t! They are bunch of scammers trust me! Even those writing this is a legit company are working with them.

    If you want to lose your money go ahead G7

  4. They are criminals they don’t do nothing but scheme to steal your money acting all nice and efficient in their activities are terrible they will steal form you I just logged in and notice I wasn’t able to login into an account that has $4500 btc no prior notice or reason for being blocked no mail sent and they don’t even have a physical office they are liars helped recover my money from them I don’t know how they did it but I got my money in my MetaMask wallet address this morning my money is there , don’t use Bitpay they are trash

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