Cryptopay Review – IMPORTANT- Read Before Using [Europe Dominant] (2020)

With cryptocurrencies like Bitcoin, Ethereum, DASH taking-off, more and more people are simultaneously searching for effective ways to spend them!

Some of you might say, Hey Harsh! Who spends cryptocurrencies? We are HODLers!

True, many in this cryptosphere are HODLers but there a quite a few who like earning and spending in cryptocurrencies. And this act of theirs gives the necessary velocity to the digital currencies, which I think in a way is good for liquidity purposes as well.

Imagine a scenario where everyone is just HODLing and no one wants to sell or spend!

This would be a horrible scenario from a liquidity standpoint.

Wondering what liquidity is? Let me explain.

Liquidity simply means how quickly and easily you can convert your cryptocurrency (like Bitcoin) into fiat or other goods and services. So far, cryptocurrencies are only being traded online, and the volume of online shopping is still negligible.

Bitcoin wallets and Bitcoin debit cards/prepaid cards are one such instrument that gives the necessary means to all of us to spend/store/receive Bitcoins and other cryptocurrencies alike.

In an earlier post on CoinSutra, I had highlighted the same. See my previous Bitcoin debit card articles below:

In the aforementioned article too, I have talked about a Bitcoin debit card service named

Now, after several months, has become much more than just a debit card service as they recently concluded their ICO for expanding their products and development.

Cryptopay was founded in October of 2013 and has since been based out of UK. It is a wallet and payment platform where merchants and consumers can transact with each other while leveraging best of both worlds i.e. crypto & traditional banking.

They also offer other useful services in tandem with their bitcoin debit card which has made it different from its peers.

Let us see explore its exclusive features one by one.

Cryptopay review: Everything You need to know

1. Cryptopay’s Bitcoin Wallet

Cryptopay Bitcoin wallet provides an easy way to buy, store and send bitcoins all over the world. It allows convenient deposit methods in major fiat currencies such as USD, EUR, GBP where you can hedge against BTC price fluctuations using Cryptopay Flex Accounts. (I will cover flex accounts in the next section).

But this wallet is a kind of co-hosted wallet where your funds are protected by multisig wallet technology powered by BitGo. It also has a two-factor authentication in place for the extra security of your funds.

Getting started with Cryptopay’s Bitcoin Wallet is quite easy and straightforward after which you are eligible to enjoy all their services.

  • Sign up and create your account with your name and email ID.
  • Submit your ID proofs and get verified.
  • Add funds GBP, EUR or USD.
  • Get your Bitcoins.

2. Cryptopay’s FLEX Account


When you sign up and become a verified customer of Cryptopay, you get access to their FLEX account.

A FLEX account is more than a standard BTC account or wallet which you generally get after signing up a wallet service. This FLEX account gives access to your BTC account in 4 currencies instead of just one or two.

Here you have the liberty of accessing/keeping your funds spread across 4 differently currencies namely in Euro (EUR), Pound Sterling (GBP), US Dollar (USD) and Bitcoin (BTC).

You might question the need for so many types of currencies?

But wait! Having these many types has an advantage.

The advantage is you can spread your funds across four different currencies and hence protect yourself from the price volatility of Bitcoin.

And as they add more fiat currency support, it will become more useful to hedge your position against the market.

3. Cryptopay’s Bitcoin Debit Card

Cryptopay's Bitcoin Debit Card

Cryptopay issues Bitcoin debit cards which are low commission cards. They are delivered free of cost within 2-3 weeks within Europe with standard delivery but if you are in a hurry and want your card early, you can spend some bucks to get it within 10 days.

Cryptopay Bitcoin Debit Card
Supported CurrencyUSD, EUR, GBP
Has An AppYes
Physical CardYes
Virtual CardYes
Card TypeVISA

These cards are issued in both physical and virtual forms. To get these cards, an ID verification is required to order your Cryptopay Bitcoin debit card. Also, it is not anonymous, as your name and email ID are required for registration.

But these cards are accepted at all places that accept Visa debit cards. Below is their fee schedule. Also, they don’t ship their cards to all countries, so check here if your country is supported by them.

Plastic Card Fees:

4. Accept Bitcoin With Cryptopay

If you are a merchant or are running a business online, you should also start accepting Bitcoins as payments. Accepting Bitcoins over traditional payments has several advantages, some of these are shown the graphic below.


With you also get the benefit of a service where you get a developer’s kit and access to API to integrate Bitcoin payment into your business. (Read here about more such Bitcoin payment gateways for the merchant)

More Than A Bitcoin Debit Card Service

It is, without a doubt, more than just a bitcoin debit card company.

With its flagship services and a well-funded team after the ICO, they are continuously improving and developing innovative services to its customers.

Their ICO raised 15 million Euros without an MVP! That is because they already had a fully functional product and a concrete business plan.

Now with the raised funds and their upcoming products like Bitcoin brokerage service, Bitcoin Bank account, and P2P exchange, they look even more roadmap.

Their ICO is now over and that is why it makes more sense in using their services. That is because the team would be working hard to deliver on their promises which will bring in better products, services, and support for the company’s customers. So it makes absolute sense in using their services at this point in time.

What are you waiting for?

Also, share your thoughts about and their services if you are already using it in the comment section below.

Update: Entering the closing stages for the implementation of their new card programme and they are happy to say that their customers will be able to use our cards in Europe, the Russian Federation, and Southeast Asia.

You can also buy BTC on Cryptopay using Telegram Passport now because Telegram passport has integrated with Cryptopay which reduces your hassle to do KYC while buying BTC.

Also, CPAY holders are being paid as per their holdings and revenue of the Cryptopay platform since February 2018. Here are their revenue and income sharing reports.

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1 thought on “Cryptopay Review – IMPORTANT- Read Before Using [Europe Dominant] (2020)”

  1. Cryptopay Bitcoin Debit Card
    Supported Currency USD, EUR, GBP
    A Bitcoin Debit Card that does not support Bitcoin?
    Tell me what I’m missing please.

    1. It supports Bitcoin of course but gives an option cashing out in USD, EUR or GBP whenever you want via Flex accounts.

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