Bitpay
WEBSITE: https://bitpay.com/
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 bitpay.com. 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.
i did transaction company call skrill 2017/11/10 600 SUD value bitcoin still this transaction hold no reason and no more reply to my email..
my money has been lost by modern legal thief by bitpay mother f**ks
if any of u read my message do not deal wit bit pay you will lost u money 100% if u wanaa lost u money yes go for bitpay …
i wish i could catch this bit pay f**king people ..
Like many other reviewers here, I had a bad experience with the BitPay customer service. What they are doing is probably not identity theft but looks close enough. Certainly they are mining your identity data. My Tier 2 application dragged on for more than a month. The documentation requests from the compliance team went in circles. They have a habit of asking for one piece of documentation a week, and when you submit all of that, they suddenly discover that your website needs more information about the business. And this is given that they had approved the website in writing a few weeks before.
Awful. Waited months for them to fix a bug because I couldn’t do anything with my funds, then suddenly one day all my funds just disappeared. Customer service is slow to help. They finally told me how to make my funds show up again, but I still can’t send anything. Do not use this.
Bitpay is simply the worst. I used them to receive small payments over the past several months and wondered why I never received a payout. Their response? You must accumulate at least .01 Bitcoin (around $420 in value at current rates) before they will release your funds. Until you achieve that balance level, they hold your money hostage.
There are MANY other crypto payment processors available who don’t resort to this scam tactic. Don’t waste your time with Bitpay.
Their payment gateway is trash. For last two days, I’m not able to make payment. Even after sending the bitcoin payment and blockchain showing 2 confirmations, bitpay invoice page is not even acknowledging the payment and is getting expired.
Support Takes 5 to 7 days to reply and that too they skip tickets by asking silly questions and have to wait another 5 7 days to get response. What a waste of time and money.
In response to BitPay’s reply.
I’m sure you are non technical person. You have no idea what you are saying. Your response doesn’t fit the problem I had. Simply, replying with a generic predefined message. Nothing better expected. Wish I could give 0 star now.