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.

Bitpay Review

5 responses to “Bitpay Review”

  1. Bitpay is horrible not trust worthy at all. I had a lump sum sent to my wallet 12-02-2022 after that payment was made to my wallet everything was erased my Simplex payment history everything luckily I downloaded all my blocks information. Sent proof of payment to my wallet to bitpay more than five times their first response was month later and had nothing to do with my issue and I haven’t heard from them since it should be illegal for them to deal with crypto or any type of currency with this type of customer service. People shouldn’t have to write a review to get a response from bitpay. I find it amazing how they responded to certain reviews but not all mainly the ones with missing money. Ijs. Update: 01/25/2023 STILL no response from bitpay tried contacting multiple times no response I do not recommend dealing with them because it takes 5 to 6 months to get a response from them and when they do respond it has nothing to with your issue and then you wait another 5 to 6 months crazy.

  2. Update: customer service took care of the issue and I guess it was a glitch due to phone verification that this gift card requires. So it wasn’t instant but it worked eventually. The card can be used for payments in US including PayPal and Apple Pay. That’s a great plus.
    Do not use them to buy gift cards. After sending my bitcoins for Blinsky prepaid MasterCard , and waiting abs waiting I still did not receive it nor my bitcoins back. I cannot attach a picture here but it shows transaction under review up to 72 hours. Who needs this? They charged my bitcoins abs holding them while reviewing my purchase. What is there to review? My bitcoins? How can I scam them by sending my bitcoins to them? This is a bogus business practice. Do not use Bitpay to buy gift cards.

  3. I have bitcoins at this account and I want to transfer this to an other wallet but When I try that they ask for a code ,I don,t understand what code.
    I tried to get help but its so very difficult and still can,t transfer my bitcoins.Its very annoying
    The solution was to reinstall the app with the 12 words to get a new code and than it works

  4. I use bitpay primarily for giftcards. In my time using bitpay since early 2020 i’ve encountered two issues.
    1. Didn’t receive giftcard. Due to some error from the gift card company side. (This was resolved by bitpay support. I am thankful to their support team)
    This happened in July 2021

    2. Crypto money was deducted despite a transaction failure and because of this i did not receive the gift card i ordered. However bitpay support resolved this issue within 2 weeks and refunded the FIAT Money EQUIVALENT crypto to my wallet.

    So far my experience has been good and i will continue to use bitpay. If i do encounter a bad experience i will update this review.

  5. Hi!,
    I am very disappointed with the BitPay support for the reason I lost $5498.20 during my transaction with Binance Bitcoin wallet. I have emailed them all my files and I haven’t received any feedback. I feel like they don’t care about my concern!. I will not use BitPay anymore!! Very disappointed

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