CryptoPay Review

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CryptoPay Review

CryptoPay started out as a wallet and payment platform back in 2013, and worked as a bridge between merchants and customers. The company has since then moved on to issue their own Bitcoin debit cards, which they did until Visa stopped working with WaveCrest in January 2017. CryptoPay is currently only issuing their Bitcoin debit cards in the Russian Federation. They are currently in talks with a new card company, and will be working with Visa soon. The plan is to roll their cards back out in Europe and the US as soon as possible. There is no set date for this, however. In the meantime, non-Russian users can enjoy their virtual card and use it to shop online.

Advantages of the CryptoPay Bitcoin debit card

CryptoPay offers a lot of transparency when it comes to their fees, which is more than can be said for some of their competitors. Users won’t be negatively surprised with any hidden charges.

Furthermore, the company and card supports the most popular cryptocurrencies, so you’re not just limited to Bitcoin.

You’re able to use CryptoPay without going through the verification process, but won’t be able to access the cards without proof of identity.

Disadvantages of the CryptoPay Bitcoin debit card

The fact that CryptoPay doesn’t currently issue physical cards outside of Russia is a major disadvantage. Once this is sorted out (which should be soon), there will be few disadvantages to using CryptoPay.

CryptoPay is slightly more expensive than some of the other card providers on the market.

There are some limits to how much you can withdraw from ATMs. Verified users will be able to withdraw up to $2000 every day.

It’s unclear whether or not CryptoPay issues cards to unverified users. They used to, but have since then implemented a since then changed their verification process and requirements.

CryptoPay Bitcoin debit card fees

CryptoPay charges customers 1% for converting Bitcoin to fiat money and vice versa. There is also a 3% charge for foreign transactions. There is a $1 (or £1/€1) monthly service charge regardless which card you choose. The physical plastic card comes with an additional $15 fee for being issued, but it  can be sent anywhere in the world for free. Express delivery of their physical card costs $70. As with other cards, ATM withdrawals cost a flat rate of $2.50 domestically, and $3.50 internationally.

Summary of the CryptoPay Bitcoin debit card

  • Card type: Visa
  • Virtual card: Yes
  • Physical card: Yes
  • Mobile app: Yes
  • Supported fiat currencies: GBP, EUR, and USD
  • Supported cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Litecoin (LTC)
  • Anonymous: No


CryptoPay has a good reputation on the international market, and probably works well in Russia. Everyone outside of Russia will have to wait for the company to relaunch their physical card. I signed up for their service but the customer support couldn’t give me an ETA on the card. Other than that, they were very helpful. It’s not the only company who suffered as a result of the WaveCrest and Visa issue, and hopefully they will make a great comeback in Europe and the US. 

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I’m a freelance writer and full-time curious person. My main interests are philosophy, politics, art, culture, science, and how they’re all interlinked. When I’m not writing, I’m fronting a band, producing records, and making videos. I’m also currently working on launching a YouTube channel that will focus on culture and politics. I think blockchain technology is fascinating because of the huge potential it has to revolutionise not only the financial sector, but society as a whole.