![]() Many consider it to be an important security feature as no one besides account owners can access the accounts. BitPay doesn't store its users' private keys. ![]() Let's see what BitPay can offer to secure user funds and data. That's why it is extremely important for crypto companies to provide both a secure platform and protection measures that will make access to accounts hardly possible for strangers. To perform all operations, it is enough to agree with the terms of the wallet and click on the "Next" button.Īs cryptocurrency platforms deal with money hackers are there to steal assets of careless users or looking for security vulnerabilities hoping to withdraw huge amounts of money belonging to multiple users.After launching, you will immediately be given the opportunity to create a wallet and a backup copy or restore from the last one (during installation, Bitcoin automatically opens).The process of installing and configuring a cryptocurrency wallet itself: The application is available for all major operating systems, including not only Mac OS, Windows, but also Windows Phone, which is very rare today. Product integration for buying Amazon gift cards, connecting a Bitpay plastic card.The ability to manage and create several wallets at once.Option to set a password for additional protection of funds.The ability to buy cryptocurrency through an internal exchange office.The ability to integrate with Trezor, Ledger wallets.Support for a large number of languages. ![]() By choosing BitPay Wallet, you get the following benefits: The application allows you to store and perform transactions with the most popular cryptocurrencies Bitcoin, Bitcoin Cash. Payment when paying with such a card will be done with the help of automatic conversion of the cryptocurrency rate into the US dollar and further translation into the calculation currency, provided that the purchase is made in a third country. The transition to the new payment system will not affect the security for users in any way, since the cards will be equipped with an EMV module, and the possibility of making contactless payments will remain. At the same time, support for all previously issued prepaid Visa debit cards will end on December 31, 2020, regardless of the expiration date, which requires additional costs for card renewal. In 2020, the company announced the change of the payment system to MasterCard. In 2018, the BitPay Wallet developer received a special license to issue virtual currency in New York from the local financial services department. In 2017, BitPay Wallet raised the minimum payment for several days to $ 100, which plummeted the number of transactions and forced it back to $ 5. Interestingly, in the same year, the company became the official bitcoin provider for several large casinos in Las Vegas. Petersburg (Florida), as well as in Argentina and the Netherlands, which was a step towards further expansion. In 2014, additional offices were opened in New York, San Francisco, St. The latter figure is quite good considering the little-known and low cost of Bitcoin at the time. Already at that time, the company had about 10,000 clients, and the volume of trade since its opening exceeded 34 million dollars. It must be said that such funding was not obtained by chance. Originally based in Orlando, Florida, it moved to Atlanta, Georgia in 2013 after receiving $ 2 million in Founders' Fund funding. ![]() The cost of the "plastic" is $ 9.95.īitPay Wallet payment system was founded in the USA in 2011. Initially, they could only be ordered for US residents, but now the order is available for 100+ countries, including the states of the former USSR. This made it possible to use the latter to withdraw funds from ATMs or settle in any store in the world where such cards are accepted. For example, in 2017, the release of Visa payment system cards began, which can be linked to a wallet with a cryptocurrency. The active development of the platform did not stop there. The first version of the cryptocurrency wallet was introduced in mid-2016 following a special partnership agreement with Intel. The developer has an impeccable reputation with hundreds of thousands of customers around the world for offering prepaid cards, bitcoin wallets and other solutions. BitPay Wallet is a client for storing and using bitcoins for payments from one of the world's largest specialized companies that have been successfully operating for many years.
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