Bitpay Card Review

BitPay Card Review

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7/10 (Expert Score)
Product is rated as #33 in category Crypto Cards

BitPay offer a prepaid card that allows users to convert any of the 8 supported crypto-assets into USD. This platform currently supports BTC, BTCH, BUSD, DOGE, ETH, GUSD, PAX & USDC. Currently only supports 1 Fiat option (USD), which is inconvenient for users outside of the U.S. Their $9.95 sign-up fee is lower than some competitors, with charge back processing or additional monthly fees.

There is a standard ATM charge of $2 per withdrawal & $3 for international ATMs; 50 cents lower than typical rates of competitors. The 3% POS foreign transaction fee is more expensive than some competitors, however. They also charge a $5 dormancy fee after 90 days with no transactions, whilst some competitors choose to not include such fees. Fully audited by Aprio and FDIC insured for up to $250,000 per individual, a direct benefit over many other crypto-card companies who remain unapproved.

Features
7.5
Usability
9
Payment options
7
Fees and charges
7.5
Perks & rewards
6.5
Company & Reputation
7
Support
6
PROS:
  • 2FA enabled
  • Utilises cold storage
  • Fully audited by Aprio
  • Supports 8 crypto assets
  • $10,000 daily purchase limit
  • Competitive $9.95 sign-up fee
  • Both virtual & physical cards available
  • Supports Apple, Google & Samsung pay
  • No monthly or charge back processing fees
  • Freeze/unfreeze options & fraud monitoring improve security
  • FDIC insurance on U.S. cards - insured for up to $250,000 per individual
CONS:
  • No cashback
  • Slow support
  • No staking options
  • Only 1 Fiat option (USD)
  • $2,000 daily withdrawal limit
  • $5 per month dormancy fee after 90 days with no transactions

Specification: BitPay Card Review

Company & Availability
Insurance Coverage Per Wallet
Eligible regions , , , , , , , , ,
KYC
Savings Information
Supported Fiat Currencies
Supported Cryptocurrencies
Gas fees Yes
Availability
ATM Access Worldwide
Pay In Local Currencies Yes
Support
24 hour support Email support
Live Support No
Staking
Staking required No
Token Ticker No Token
Rewards
Cashback on spending No
On Chain Rewards None
Referral Rewards Not specified, Referral program active
Spending Limits
Daily ATM Limit $2,000 per withdrawal, 3 withdrawals per day
Daily Purchase Limit $10,000
Monthly ATM Limit Not specified
Monthly Purchase Limit Not specified
Fees
Monthly fee No
Delivery Fee No fee
Online/Offline Purchase Fees No fee
Topping up fee Network fees and miner fees
ATM Fees $2
International ATM fee $3
POS Foreign Transaction fee 3% of transaction value
Card Replacement Fee $9.95
ACH Declined $15
Charge back processing No fee
Dormancy $5 per month after 90 days with no transactions
Exchange Rate Provider Mastercard
Card Features
Instant settlement No
Prepaid Yes
Topping up limit $10,000 per day
App Payments Apple Pay, Google Pay, Samsung Pay
Dual-Interface NFC/EMV (Card with chip) Yes
Virtual Cards Yes
Physical Cards Yes
Security
Fraud Monitoring Yes
Freeze / Unfreeze Yes
Instant Notifications Yes
Pin Viewing No
2FA Yes
Asset protection & Insurance
Audited Aprio
Cold Storage Yes
Company Backing Aquiline Capital Partners, Capital Nine, G Squared, Menlo Ventures, Nimble Ventures, RRE Ventures, Virgin Group
FDIC insurance US cards only have FDIC on cash balances up to $250,000 per individual
Insured by FDIC, Massachusetts Bay Insurance Company

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