BitPay Review (October 2026): Fees, US States and Licenses

Best for: Spending crypto

5.7/10

US access 20%9.0
Regulation 20%3.0
Security record 15%6.3
Cost 15%5.0
Range 10%5.9
Popularity 15%4.6
Data quality 5%7.0

By Vahe Hakobyan Verified October 5, 2026 Medium confidence No affiliate links

Taker fee— Not verified
US states— Not verified
New York— Not verified
Coins16
CustodyNon-custodial
App Store4.3 ★ · 3.7K

Our verdict

BitPay is a payments company whose non-custodial wallet supports buying, swapping and spending crypto. BitPay Inc. holds a New York virtual currency license (NMLS ID 1496848). Purchases of 16+ cryptocurrencies run through multiple providers with card, bank, PayPal, Venmo and Cash App Pay options; swaps use Changelly. Partner coverage differs by state, and Bill Pay is suspended.

Pros

Licensed by NYDFS for virtual currency business activity
Eight fiat payment methods, including PayPal and Venmo
No account or sign-up needed to swap

Cons

Only 16+ cryptocurrencies available to buy
Partner state coverage varies and is not listed
Paid $507,375 OFAC sanctions settlement in 2021

BitPay fees

Maker / taker: — Not verified
Simple buy: Rates compared across multiple third-party providers; fee amounts not published
Volume tiers: Swap powered by Changelly; BitPay's own swap fee not published
ACH deposit: — Not verified
Wire deposit: — Not verified
Card purchase: — Not verified
USD withdrawal: — Not verified
Crypto withdrawal: Network fee only
Minimum deposit: — Not verified

Is BitPay available in my state?

Official availability article (fetched 2026-10-05): buy, sell and swap use third parties whose state coverage varies; merchant invoicing is unavailable in HI and LA.

The list of states this platform serves is not verified yet.

Buy, sell and swap run through third-party partners with differing state coverage. Swap Token on Invoice not available in HI, LA, NY; HODL Pay on Invoice not in CA, HI, LA, NY; Bill Pay currently suspended.

New York: — Not verified
ID check (KYC): No
Withdraw crypto: Yes
Funding: Credit card, Debit card, Bank account, Apple Pay, Google Pay, Venmo, PayPal, Cash App Pay, Crypto

Is BitPay regulated?

NMLS 1496848
BitLicense

US operator: BitPay Inc.
Parent company: — Not verified
State licenses: — Not verified
New York license: BitLicense
Other: Site states BitPay is licensed by NYDFS to engage in Virtual Currency Business Activity
Founded: — Not verified
Headquarters: Atlanta, GA, USA (per OFAC notice, 2021)

How secure is BitPay?

Proof of reserves: N/A (non-custodial)
Audits: — Not verified
Insurance: — Not verified

Incidents since 2019

2021settlementBitPay, Inc. agreed to pay $507,375 to OFAC on February 18, 2021 to settle 2,102 apparent sanctions violations involving payments from sanctioned regions.

Crypto held on a platform is not covered by FDIC or SIPC insurance.

What you can do on BitPay

Spot
Self-custody wallet

Wallet also supports spending on gift cards; Bill Pay is suspended. Merchant processing costs 1-2% + 25 cents per transaction.

Apps: iOS
Support: Help center

BitPay FAQ

What are BitPay's fees?

Simple buy: Rates compared across multiple third-party providers; fee amounts not published.

Is BitPay regulated in the US?

US customers are served by BitPay Inc.. Registrations and licenses on record: NMLS 1496848, BitLicense.

Can I withdraw crypto from BitPay to my own wallet?

Yes. BitPay lets US users send crypto to an external wallet.

Does BitPay require ID verification?

No account or ID check is needed for on-chain swaps on BitPay.

How many cryptocurrencies can I trade on BitPay?

About 16 cryptocurrencies are available to US users, per BitPay's official asset list.

Alternatives to BitPay

Not financial advice. Crypto prices are volatile and you can lose everything you put in. World-Crypt earns nothing from the platforms reviewed here.