The BitPay Wallet is a cryptocurrency wallet that allows users to acquire and securely store cryptocurrencies out of reach of BitPay itself - and anyone else who might want to get their hands on what’s rightfully theirs.Ī BitPay Mastercard isn’t required to create and use a BitPay Wallet. The BitPay mobile app is available at no charge at the iTunes store and the Google Play marketplace. Using a virtual BitPay Mastercard for online transactions.
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It’s compatible with the Android and iOS mobile operating systems and built to facilitate account maintenance with ease. The BitPay mobile app is the backbone of the BitPay Mastercard experience. Each physical card has an EMV chip that provides an extra layer of security for in-person and ATM transactions. A maximum balance of $25,000, including cash loadsīitPay offers competitive crypto exchange rates for BitPay Mastercard users.A maximum single-load limit of $10,000 per day.A maximum ATM withdrawal value of $2,000 per withdrawal and three withdrawals per day.The BitPay card does have some important limitations and restrictions that may impact high-volume users: BitPay doesn’t charge a conversion fee for this privilege, although network fees may apply, and funds are ready to spend right away (subject to transaction and load limits). The BitPay card instantly converts supported cryptocurrencies, including Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH), into fiat currency (U.S. It also works at ATMs, allowing users to convert crypto to hard cash that they can spend as they please. It’s accepted anywhere other Mastercard debit cards and credit cards are - at millions of digital and real-world points of sale worldwide via PIN or contactless transactions. BitPay MastercardīitPay Mastercard is a crypto debit card that allows users to spend their cryptocurrency holdings in the real world. The BitPay Mastercard is part of an expanding BitPay ecosystem that allows consumers to freely convert their cryptocurrency holdings to fiat currency and spend them in the real world. But it’s a big leap forward for crypto enthusiasts who want to spend their holdings like any other currency - now, not in two business days. With transaction limits, potentially high fees, and no rewards to speak of, BitPay Mastercard isn’t a perfect bridge. BitPay Mastercard is nothing less than a bridge between the once-separate, still-antagonistic cryptocurrency and fiat currency domains. That’s slowly changing thanks to products like BitPay Mastercard, a reloadable prepaid debit card that seamlessly transforms crypto holdings into government-backed cash and enables real-time, real-world financial transactions in the bargain. But because they exist apart from the global financial system by design, cryptocurrency holders have long struggled to exercise that value in everyday transactions. Cryptocurrencies like Bitcoin and Ethereum are legitimate stores of real-world value, if more volatile than risk-averse investors would like.
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