Saturday the 2nd 2023
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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 to “Bitpay  Review”

  1. I just went through an integration POC using node js bitpay sdk. The documentation is already a bang average one and not upto standards I wanted.
    First red flag started when I used my business account to receive payments and didn’t receive anyv crypto in my receiver address from same wallet still it’s on hold for settlement(Even reached minimum settlement which is set at 20$ USD).
    Second red flag is dead slow or non existent customer service of their product.
    Third red flag is I’m visiting this site after a recommendation from my workplace pal & reading how bitpay is simply a scam site with working blockchain.
    Safety precaution: Never trust any crypto payment provider and start using testnet feature at first for testing crypto payment & Never spend your original crytocurrency with this kind of gateways.
    I used my bitcoin testnet wallet to check first and then saw the state of customer support in this awful scammers site & decided to learn more about this in trustpilot.

  2. Bitpay is not very trustworthy, I downloaded the app and decided to transfer some little funds to my bitpay wallet as a trial, I transferred 29.1 busd from my binance and it left my binance safely but never arrived in my bitpay busd wallet.

    BitPay BUSD wallet ID:

    The transaction is marked successfull on the polygon scan with
    TxID: 0xd9f620d87473f930558636e82f3378e7d004c4298f6d1bab960f04c6e846594e

    Request ID: 55RxdH68SMgwx79S6dNafnfcidv1oFZZAYg1kjU6QgQrXWGeNGfWuXcMqGVgbEEp7j

    Almost 6 hours had gone by so I decided to send a request to the bitpay support on the app and I’ve still not heard from them.

    I feel this is really messed up

    Request ID: 55RxdH68SMgwx79S6dNafnfcidv1oFZZAYg1kjU6QgQrXWGeNGfWuXcMqGVgbEEp7j

  3. DO NOT use Bitpay to settle real-world invoices.

    Why not?

    *they have a 1% transaction fee
    *they have no anonymity (they require a photo ID and a facial scan)
    *they have zero customer service (no email, no phone number, and no online chat!), except for their ticket system which can take days or a week for a response
    *they have an archaic settlement system – if you somehow underpay an invoice by even a penny or by the exchange transaction fee, they will fail the payment, and may take days to refund your crypto! (which is fluctuating by the hour)

    I went through all of this and lost ~$1500 in crypto because of these issues, so learn from my experience!

  4. When you underpay your transaction, for example due to exchange fees, Bitpay will offer only refund not another transaction to cover remaining amount. What’s funny – refund fee was more than twice as large as fee from my exchange. So I paid 0.0005 BTC fee for 1st transaction, then for refund I paid 0.0011 BTC and another 0.0005 BTC for another transaction to fix my mistake. Instead it could be 2 x 0.005 BTC transactions.

  5. We used Bitpay as a merchant for a few years and were generally pretty happy with them.

    However, when we started to re-structure our payment systems and decided to integrate APIs instead of using hosted checkout pages Bitpay told us that they changed their policies and do not support/allow this anymore. This ultimately forced us to leave Bitpay.

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