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.



5 Responses

  1. Horrible company.

    Just horrible.

    If you value your money and your sanity…

    STAY AWAY !!!

    Reason for this Bad Review:
    For many transactions, BitPay will refuse to send the funds to the destination (the merchant), for whatever reason. And, instead of sending the Bitcoin immediately back to the sender, BitPay will keep possession of the funds for an inexcusably long time (days or weeks). During this time, the rightful owner of the funds (the sender) is disconnected from their money while also carrying the currency risk against their will.

    If you value your money and your sanity…STAY AWAY!!!

  2. Bitpay is terrible for Vendors, I am using their services and they keep on putting the payment treshold higher and higher. Today they did changes and 324$CA disappeared from my account without any ways to withdraw it since the limit is now 2500$ and i cant add a bank account..
    IT si getting from bad to worst!

  3. Been using BitPay as a company for several years, but during the period service worsen dramatically. BitPay removed many features like hardware wallet support, transfer to BTC address directly, overpayment/underpayment control. Last drop was when they on 2021 Jan 6th started to ask PASSPORT when customer wants to do the payment. It’s ridiculous. Impossible to use.

  4. Made a purchase using bitpay accused me of underpayment issued a refund for less than left my wallet needs my social security number to receive bitcoin that I don’t want I want product. This is the death throws of a company about to get wiped out. Buy underpayment they say.0000000085 or something but refund me 50$ or almost 50000 sats less instead of me adding 1.00usd. As long as you hold my 300$ worth of bitcoin its not money its property us laws are different between money and property when fraud is involved.

  5. terrible, useless company, i wanted to integrate them in my website, i spoke to support before signing up, and i told them i am an individual, i do not have registration of a company, all was fine, so i signed up, they tricked me to get my information? for what, i added my website then the fun started, upgrade to tier 2, i saw you need business documents, so i wrote to support asking what is the limit on tier 1, answer was basically there is no tier 1 anymore ?????? then why call the upgraded tier 2 and 3… so BITPAY is completely useless for the general population… a waste of my time and a lot of time…. useless payment processor

Leave a Reply

Your email address will not be published. Required fields are marked *