Overview
BitPay is the best crypto app to pay with crypto and accept crypto payments. Create a wallet to buy, store, swap and spend securely. Register as a merchant to accept crypto payments lightning fast. Founded in 2011, BitPay serves as a comprehensive cryptocurrency payment processor and wallet solution designed for both individual users and businesses.
The platform enables users to buy, store, manage, and spend cryptocurrency while providing merchants with tools to accept crypto payments and convert them to traditional fiat currencies. BitPay supports multiple cryptocurrencies and offers both consumer wallet services and merchant payment processing solutions.
Key Features
Multi-chain Wallet Support
Bitcoin, Ethereum, Litecoin, XRP, and thousands of tokens
Self-Custody Storage
Non-custodial technology with private keys stored locally
Merchant Payment Processing
Accept crypto payments with automatic fiat conversion
Gift Card Purchases
Buy gift cards from 250+ major brands with crypto
Web3 Integration
Connect to decentralized applications (dApps)
Multi-signature Support
Enhanced security for shared wallets
Pros & Cons
Advantages
- Industry leader since 2011 with proven track record
- Supports multiple cryptocurrencies and tokens
- Self-custody wallet with local key storage
- No chargebacks for merchants
- Open-source and transparent code
Limitations
- Higher fees for smaller merchants (2% + $0.25)
- Limited customer support channels
- Network cost fees passed to customers
- Geographic restrictions for some features
- Limited advanced trading features
Security Features
Biometric security support for device authentication
Multi-signature functionality for enhanced security on shared wallets
Fraud prevention with automatic payment exception handling
SSL encryption for all transactions and data transmission
Private key management remains with users
Pricing & Fees
| Service | Fee | Details |
|---|---|---|
| Payment Processing (< $500k) | 2% + $0.25 | Per transaction for merchants under $500k monthly volume |
| Payment Processing ($500k-$999k) | 1.5% + $0.25 | Per transaction for mid-volume merchants |
| Payment Processing (≥ $1M) | 1% + $0.25 | Per transaction for high-volume merchants |
| Gift Card Purchases | No additional fees | Standard crypto transaction fees apply |
Getting Started
Detailed Ratings
Final Verdict
BitPay stands as the industry’s most established crypto payment processor, offering comprehensive solutions for both consumers and merchants. With over a decade of experience and millions of users, it provides reliable, secure cryptocurrency services despite higher fees for smaller businesses.