BitPay: Buy Crypto Without Fees | Store, Swap & Spend Bitcoin (2024)

FAQs

BitPay: Buy Crypto Without Fees | Store, Swap & Spend Bitcoin? ›

BitPay gives crypto enthusiasts a safe, simple and quick way to buy cryptocurrency. Buy with no hidden fees at competitive rates. After buying crypto, manage your assets with the all-in-one BitPay Wallet app featuring industry-leading security.

For Quick and Fee-Free Crypto Swapping: KuCoin Convert is your best bet if you're looking for a hassle-free way to swap cryptos without incurring any fees.

BitPay's payment processing service for merchants has a simple pricing plan - just a 1-2% + 25¢ per transaction. This fee is assessed on each paid invoice. Fees are debited from your ledger. Please see BitPay's pricing page for more information about our pricing.

As of December 1, 2023, when trading with Bitbuy Pro, a fee of 0.50% will be charged for both maker and taker trades. Maker trades are stored in the order book and are executed when the market price matches the desired price. Taker trades, on the other hand, are executed instantly at the current market price.

Lykke offers an all-in-one free crypto trading platform with zero trading fees and low buy-sell spreads. We cover your fiat deposit and withdrawal fees, enabling you to trade crypto for free on Lykke. Enjoy solid liquidity, low spreads, and top-notch security with KYC and AML compliance standards.

NC Wallet is the first wallet that allows you to withdraw cryptocurrency without paying network fees. There are no transaction limits.

So one of the simplest and easiest way to save on Bitcoin transaction fees is to just not send transactions during these busy times. If it doesn't matter when you send that transaction to your hardware Crypto Wallet or when you buy that widget with Bitcoin then just wait until the weekend.

BitPay Extension

Pay directly at checkout, or purchase and manage store credit through the app. We currently support the United States, Canada, United Kingdom, and EU countries among others.

BitPay offers several advantages including flat-rate pricing, guaranteed exchange rates, daily bank settlements, and an option for importing bitcoin sales into Quick Books. Bitpay is 100% merchant solution that provides reputable and affordable service.

Why is the BitPay fee so high? ›

The Network Cost fee amount fluctuates.

It is tied to network conditions of the Bitcoin or Bitcoin Cash networks at that time. For example, if these networks are congested and miner fees rise, the Network Cost also increases.

Looking for alternatives or competitors to BitPay? Other important factors to consider when researching alternatives to BitPay include customer service. The best overall BitPay alternative is CoinGate. Other similar apps like BitPay are Coinbase Commerce, Coinomi, Cryptopay, and Circle.

Start with little as $50 and buy up to $150,000 per day. To better understand how much crypto you can buy, please check default daily limit details provided by Simplex and Wyre. Which cryptocurrencies can I buy with BitPay? BitPay supports Bitcoin, major altcoins, tokens and stablecoins.

BitPay does not limit the amount of Bitcoin Cash you can buy through our app. However, our partners Simplex and Wyre may impose daily transaction limits that vary by purchasing currency. Start with little as $50 and buy up to $150,000 per day.

Transactions on the Bitcoin and Bitcoin Cash network itself aren't confirmed by BitPay, but by the miners. (What are bitcoin miner fees?) If your transaction has not been confirmed yet, please allow some time for it to be confirmed. Typically, a transaction takes between five minutes and three hours to get confirmed.

BitPay gives you the power to pay bills with over 100 of the most popular cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), USDC (USDC), Polygon (MATIC), Dogecoin (DOGE), Shiba Inu Coin (SHIB), XRP (XRP), and dozens more.

Withdraw during off-peak hours: Transaction fees are often lower during off-peak hours when the network is less congested. You can try withdrawing your cryptocurrencies during these hours to save on fees. 2. Withdraw to a wallet with low fees: Not all wallets charge the same transaction fees.

Yes, converting one cryptocurrency to another is considered a taxable event and must be reported.

Fees for swapping crypto depend on the payment method and platform/venue used. For example, if you're swapping on a decentralized exchange, you'll need to consider the 'network fee' for transacting on the blockchain plus the fee for using the exchange.

Every time you buy, sell, or swap a cryptocurrency on an exchange, the platform takes a small percentage of the transaction as their fee. These are called trading fees and are typically categorized into “maker” and “taker” fees.