Fintech

BitPay App Review – How Does BitPay Work | BitPay Free App Download

BitPay was created in 2011 by Stephen Pair and Tony Gallipi. It was created to provide mobile checkout services to companies that wanted to accept bitcoins. BitPay gives a payment processing solution that vendors and merchants can integrate to accept cryptocurrency payments for goods and services. It gives customers a more streamlined and secure cryptocurrency check out process. All consumers need to do is to select cryptocurrency as payment method and pay the invoice from their wallet. BitPay is the world’s largest provider of bitcoin and cryptocurrency payment services.

BitPay has increased its merchant and customer support infrastructure and processes to efficiently work with all wallets. BitPay pioneered blockchain payment processing with the sole mission of transforming how businesses and people send, receive, and store money. Its business solutions eliminate transaction fraud, reduce the cost of payment processing, and also it enables borderless payments in cryptocurrency among other services. Users can apply for a BitPay card to start spending crypto, it’s approval only takes seconds and the virtual card will be available for use online.

Features

1) support for ethereum, XRP, bitcoin, litecoin

2) multiple wallet creation and management

3) ability to buy bitcoin and other cryptocurrencies

4) supports multiple languages, including French, German, Chinese

5) customize wallets name and order

6) push notifications for payments and transfers

7) device-based security

8) supports currency pricing options

9) integration for buying and selling bitcoin.

Bitpay Wallet

It gives users full control over their bitcoins. Meaning no third party can freeze or lose funds. Users are however solely responsible for securing and backing up their wallets. The wallet is loaded on mobiles where apps are usually isolated, this provides good protection against malware. Encrypting your mobile device and backing up your wallet can reduce that risk.

How to Create a New Bitpay Wallet

  • Open the BitPay app
  • Click the wallet icon at the bottom
  • Tap on get started
  • Enable the currency you want to create a wallet for
  • Scroll down and click on create
  • Click on I understand
  • When asked to protect the wallet with a password, choose the desired option

About Permissions

  • Read your contacts
  • Take pictures and videos
  • Access approximate location
  • Access precise location
  • Read phone status
  • Receive SMS
  • Read your messages
  • Modify your SD card
  • Read contents on SD card
  • Draw over other apps
  • View Wi-Fi connections
  • Read Google service configuration
  • Retrieve running apps
  • Have full network access
  • View network connections

How to Download BitPay App

BitPay supports both Android and iOS platforms. To download the BitPay app, follow the steps below;

  • Ensure you put on your data connection
  • Go to the Google Play Store app for Android devices or Appstore app for iOS devices
  • Search for BitPay on the search bar and click on it
  • Proceed to download and install the app to your mobile device

Ismaeel

Statistician with interests in finance, risk management, loan products and market surveys. I also write on crypto currencies, Forex and a variety of financial instruments.

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