BitPay Card
Convert crypto to dollars and spend instantly with the BitPay Card. Earn cash back at select merchants. New applications currently paused.
Updated on
BitPay Card Overview
BitPay Card is a prepaid Mastercard that lets users convert cryptocurrency into US dollars and spend at merchants that accept Mastercard. The card is part of BitPay's consumer offering and is designed for everyday spending and ATM access after converting crypto to fiat.
BitPay was founded in 2011 and is widely known for crypto payments and related consumer tools. The BitPay Card originally launched years ago and later moved to the Mastercard network.
Important availability update: BitPay's website currently states: "We've temporarily paused new BitPay Card applications while we improve the crypto debit card program. Join our waitlist to get updates." This means new users may not be able to apply immediately and should expect a waitlist-based reopening.
How It Works
The BitPay Card functions as a bridge between cryptocurrency holdings and traditional card spending:
- Load crypto into BitPay (custodial card balance)
- Convert to USD when funds are loaded (crypto is converted before spending)
- Spend anywhere Mastercard is accepted
- Withdraw cash at ATMs (subject to limits)
The BitPay Card is a prepaid product (not a credit card), so it doesn't build credit and generally requires funds to be loaded before spending.
Note on custody: While BitPay also offers wallet functionality, the card itself is custodial (your spendable card balance is held/managed within the card program after conversion to dollars).
Supported Cryptocurrencies
BitPay Card supports 15+ top-cap assets for loading/spending (exact supported coins can change over time as BitPay updates the program). This typically includes major cryptocurrencies and selected stablecoins.
Because supported assets can evolve, the most accurate snapshot is the list inside the BitPay app/card funding flow. The key point for most users is that BitPay supports a broad set of leading assets (15+) rather than a single-coin program.
Features
Card Features
- Mastercard Network: Use at locations that accept Mastercard
- Convert crypto to dollars: Convert crypto to USD and spend from a prepaid balance
- Instant Loading: Fast conversion and loading experience (program-dependent)
- ATM Access: Withdraw cash up to $2,000/day
- Mobile Payments: Supports Apple Pay and contactless payments where supported
BitPay App & Ecosystem
BitPay's website positions the BitPay app as an "all-in-one" crypto app experience, including:
- Spend crypto like cash using the card (when applications are open)
- Pay your bills with crypto via BitPay's bill-pay features (available in the app and web experience, subject to geographic restrictions)
Cashback / Rewards
BitPay markets cash back offers from participating merchants (often structured as merchant-funded offers rather than a fixed base-rate card reward). Importantly for expectations:
- The BitPay Card has no fixed cashback rate and max cashback is 0% as a card-level, guaranteed rate
- Any "cash back" is best viewed as merchant offers/portal-style promotions that may vary by merchant, time, and eligibility
This distinction matters: you should not assume the BitPay Card provides a standard ongoing cashback percentage on every purchase.
Fees & Pricing
The BitPay Card is advertised as free on an annual-fee basis.
| Fee Type | Amount |
|---|---|
| Annual Fee | Free |
| Foreign Exchange (FX) Fee | 3% |
| Staking Requirement | None |
| Signup Bonus | None |
Notes on fees
- The 3% FX fee applies to foreign-currency transactions/conversions. If you primarily spend in USD within the United States, this fee may be less relevant.
- Other program fees (e.g., issuance, replacement, certain ATM operator fees) can exist in prepaid card programs, but they are not confirmed in the provided source data here.
Card Limits
The BitPay Card is positioned as offering high limits. Based on the provided program limit data:
| Limit Type | Amount |
|---|---|
| ATM Withdrawal Limit | $2,000/day |
Additional limits (daily spend, daily load, maximum balance, etc.) may exist, but are not confirmed in the provided source data for this update.
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Supported Countries
The BitPay Card is a US-only product.
- Available: United States (US)
Security & Regulation
As a prepaid Mastercard program, the BitPay Card includes common card security features and controls available through the BitPay experience:
- Account security (e.g., strong authentication practices)
- Ability to manage card usage within the app experience
- Standard Mastercard network protections
Because applications are currently paused, users should expect BitPay to provide updated program/issuer disclosures when the application flow reopens.
Pros
- Mastercard acceptance for broad merchant coverage
- Supports 15+ top-cap assets (broad crypto support for a card program)
- Mobile pay support for contactless payments
- ATM withdrawals up to $2,000/day
- No annual fee
- No staking requirement
- Bill pay options within the BitPay app ecosystem (where available)
- Instant loading for fast conversion experience
- High limits for spending
Cons
- New applications are temporarily paused (waitlist only)
- US only availability
- 3% FX fee can make international spending expensive
- No guaranteed cashback rate (max fixed cashback: 0%; "cash back" is primarily through merchant offers)
- No metal card option available
- No signup bonus
- Prepaid/custodial structure means you generally convert to USD before spending, rather than spending directly from self-custody on-chain balances
Who Is BitPay Card Best For?
Ideal For:
- US crypto holders who want a familiar prepaid card experience and broad merchant acceptance via Mastercard
- Users who want simple conversion to USD before spending
- People who prefer mobile payments and app-based card management
- Users who want ATM access up to $2,000/day
- Bill pay users who want to pay certain bills with crypto through BitPay's app/web bill pay features (where available)
Not Suitable For:
- Users who need international spending efficiency (because of the 3% FX fee)
- Users who want guaranteed cashback on every purchase
- Users who prefer non-custodial, spend-directly-from-crypto card mechanics
- Users outside the United States
- Users who want a metal card or premium card design
Key Features
- Instant Loading
- High Limits
- Secure
- Convert crypto to dollars instantly
- Use anywhere Mastercard is accepted
- ATM withdrawals up to $2,000/day
BitPay Card Alternatives
- Crypto.com Card – Tiered cards with cashback rewards, requires CRO staking for higher tiers.
- Coinbase Card – Spend directly from Coinbase balance with crypto rewards.
- Bybit Card – Exchange-linked card with different regional availability.
- Cash App – Simple Bitcoin-to-USD spending for US users.
- Fold Card – Bitcoin rewards card with unique sats-back program.
About the author
Founder of Sirket.io & Editor at BankList.co
Can Ozer is the founder of Sirket.io with over 6 years of experience in international taxation. He has helped many entrepreneurs with offshore company formation, business bank account opening, and payment infrastructure applications across multiple jurisdictions. At BankList.co, he reviews and curates banks and financial services to help founders choose the right financial partner.
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