Cryptopay review 2023

With its crypto debit card, crypto app wallet and instant exchange, Cryptopay is aiming to be your all-in-one day-to-day crypto account.

  • Gives you lots of ways to buy, store and use your crypto
  • You’ll not be receiving the best rate when buying and selling crypto
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Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.


Fiat currencies




Product Name Cryptopay
Fiat Currencies EUR, GBP, USD
Cryptocurrencies BTC, ETH, LTC, XRP, SNX, LINK, USDT, UNI, AAVE, USDC & 10+ more
Deposit Methods Bank transfer
Debit or credit card
Trading Fee 4% fee for buying, 1% fee for exchanging
Deposit Fees Cryptocurrency: Fee varies
SEPA: none
Bank card: 4%
Withdrawal Fees Fee varies

Overview of Cryptopay?

Cryptopay is a stylish and user-friendly crypto wallet and app that lets you easily trade a large range of cryptocurrencies, move and manage your assets, and even spend your crypto (OK, quickly convert and then spend your crypto) using a virtual debit card. Once it launches its upcoming earn product, you’ll also be able to earn up to 10% on crypto holdings. Its impressive array of features makes it a convenient and well-designed entry-level app. The main drawback is its slightly eye-watering fee of 4%. It’s also worth keeping in mind that if you don’t conduct a transaction for 12 months or longer, Cryptopay will start charging you a storage fee.

  • If this is your first exchange: You will find an easy to use entry-level app which has everything you would need for an all-in-one, practical, day-to-day crypto account.
  • If you’re switching exchanges: You gain access to a large range of cryptocurrencies and a user-friendly crypto wallet. However, this comes at the expense of a comparatively high fee for buying and selling.

Pros and cons of Cryptopay


  • Sleek, user-friendly app
  • You can trade a large range of cryptocurrencies instantly
  • Crypto debit card is easy to set up and use
  • The all-in-one crypto app is streamlined and convenient


  • Fees are a slightly eye-watering 4%
  • You’ll need to be fully verified in order to buy cryptocurrency
  • You’ll only be offered a flat rate price when buying and selling
  • No FSCS protection

Verdict: Is Cryptopay any good?

Cryptopay boasts an impressive array of features, including the ability to earn up to 10% on your crypto (once Cryptopay’s savings account is turned on), and use your crypto for everyday spending via its debit card.

While it offers a very convenient way to buy and sell a big range of cryptocurrencies, the prices you’ll be offered are far from the most competitive. Serious crypto traders and investors may want to look elsewhere. But for beginners, Cryptopay is a convenient and well-designed entry-level app that’s worth a look.

Finder ratings for Cryptopay

Supported cryptocurrencies★★★★★
Transferring money or assets★★★★★
Fees and costs★★★★★
Ease of use★★★★★
Customer service★★★★★
Overall score3

What to know about Cryptopay

If you are looking for a crypto exchange that supports a wide range of currencies and provides other features such as an all-in-one crypto wallet and prepaid debit card, then Cryptopay could be a strong contender.

Having said that, while it is easy to get registered and set up, deposits to your account can take some time. Making a card payment to buy crypto may therefore be the quickest option, but then you will need to contend with the fees.

And it’s the fees that are a bit of a sticking point. They are on the high side, with fees attached to fiat currency withdrawals as well as crypto transactions.

What is it like to use Cryptopay?

Cryptopay is a well-designed entry-level exchange that opens the door to a wide range of cryptocurrencies.

Does Cryptopay have good customer support?

Cryptopay main method of customer support is a live chat feature within its app. However, when we tried to access this, we received the message that response times were slower than normal and there seemed to be nowhere to type your question while waiting. Not ideal in the fast-paced world of crypto.

Alternatively, you can email or visit the Help Centre which has a comprehensive amount of FAQs.

Support offeredWait times
Contact us formNoNo
Live chatYesUnclear – message read saying its response times were slower than normal

List of services on Cryptopay

Earning on Cryptopay

Although not available just yet, Cryptopay is planning on launching a crypto savings account that will allow you to earn up to 10% interest on BTC, ETH or USDT. Interest will be paid daily, and if you have an open-term plan, you will be able to cash out instantly.

The interest will be paid into your Savings wallet, so you will be able to benefit from compound interest (earning interest on your interest). Savers who have deposits of €50k or more will be able to unlock a higher interest rate.

VISA debit on Cryptopay

Cryptopay’s Visa debit card can be used anywhere Visa is accepted. Its stand out feature is that you can use cryptocurrencies to spend up to €30k in a single online transaction. So if you have the fund and are looking to make a big purchase, this is one way to do it.

It’s a prepaid card and can be used worldwide. You can also instantly access the virtual version of your card while you wait for your physical card to be delivered. Or simply choose to just have a virtual card and avoid the initial fee.

It is worth keeping in mind that fees do apply, including a monthly management fee of £1 and an unloading and loading fee of 1%. You can also expect to be hit with fees for ATM withdrawals at home and abroad.

Promotions on Cryptopay

Cryptopay has a partner programme that enables you to earn Bitcoin when friends or family you have referred join up. To become a partner, you will need to share the link with whoever you are referring. They will receive a 25% discount once they follow the link and order a debit card, and you will receive a 10% share of all the fees Cryptopay charges.

Trust rating

Past Hacks

Cryptopay has not had any past hacks.

Security Audits

Cryptopay uses both hot and cold vaults in order to protect your funds. It also utilises MultiSig technology to sign cryptocurrency transfers.

You can take advantage of Two-factor authentication, which will give you a unique OTP generated by the app every time you log in or make a transaction.

FCA Status

Cryptopay is registered in the UK but is not currently on the Finanical Conduct Authority’s cryptoasset register. Crypto trading isn’t regulated, but the FCA keeps a register of firms and they must pass checks for anti-money laundering and anti-terrorism activity.

Signing up on Cryptopay

Cryptopay comparison table

Table: shows partner brands and other brands, sorted by popularity
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
1 - 3 of 14
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Finder Award
eToro UK Cryptoasset Investing
Bank transfer, Credit card, Debit card, Neteller, PayPal, Skrill, eToro Money


Uphold - Digital Asset Platform
Bank transfer (ACH), Debit card, Apple Pay, Google Pay


Binance Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Faster Payments (FPS), Apple Pay, Google Pay
USD, AUD, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 60+ more


Binance has suspended GBP deposits and withdrawals for new users.
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.

*Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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