BitPay provides a self‑custody, multi‑chain wallet that lets users buy, swap, and spend over 100 cryptocurrencies while converting payments to fiat for merchants. It also offers hosted checkout, e‑commerce plugins and a REST API with built‑in KYC/AML, enabling businesses to accept crypto and receive automatic fiat settlement to bank accounts. The platform includes features such as HODL Pay for spending without selling and a crypto‑payout service for mass payments.
Funding
$1.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Cryptocurrency holders often lack a unified, secure platform to buy, swap, store, and spend assets across multiple blockchains, while merchants face complex integration, compliance, and settlement challenges when accepting crypto payments. This fragmentation limits everyday use of digital assets for both consumers and businesses.
Solution
BitPay delivers an all‑in‑one crypto super‑app that combines a self‑custody, multi‑chain wallet with integrated buying, swapping, and spending capabilities. Users can convert crypto into fiat‑settled payments for merchants, bills, gift cards, or peer‑to‑peer transfers, while retaining control of their private keys. For businesses, BitPay offers hosted checkout, plug‑and‑play e‑commerce plugins, and a REST API that generate locked‑rate invoices, handle KYC/AML compliance, and settle proceeds directly to bank accounts in local currency. The platform supports over 100 cryptocurrencies—including Bitcoin, Ethereum, Solana, stablecoins, and Layer‑2 networks—at transparent, volume‑based pricing. Optional features such as HODL Pay let users spend crypto without selling it, and a crypto‑payout service enables mass payments to employees, affiliates, or vendors.
Target Audience
Individuals seeking a secure, self‑custody wallet to manage, spend, and bill‑pay with crypto, and merchants or enterprises that want to accept cryptocurrency payments and automate crypto payouts without handling private keys.
Features
- Self‑custody wallet with multi‑chain support for 100+ assets (BTC, ETH, SOL, USDC, Arbitrum, Optimism, Base, Polygon, etc.)
- Integrated buy/swap engine that aggregates top liquidity providers to deliver competitive, transparent rates
- HODL Pay: spend crypto at merchant checkout while preserving the underlying asset
- Hosted crypto checkout and SDKs for Shopify, WooCommerce, Magento, BigCommerce, plus a REST API for custom integrations
- Automatic fiat settlement to bank accounts in 38 countries, with optional crypto or mixed settlement options
- Built‑in KYC/AML, transaction monitoring, and licensing compliance for regulated jurisdictions
- Tiered transaction fees (2% + $0.25 < $500 k, 1.5% + $0.25 $500‑$999 k, 1% + $0.25 ≥ $1 M) and low‑cost crypto payout service
- QR‑based in‑store POS, gift‑card marketplace, and browser extension for seamless consumer spending