Cryptopay

Cryptopay

  • United Kingdom of Great Britain and Northern Ireland

  • Buy/Sell from the platform

  • Cryptopay.me

  • Since 2018

Cryptopay
In Social Media:
Intuitive Ease of use,  Enough secure,  Anonymously trading

Cryptopay is a London-based exchange platform that stands out from the others in terms of accessibility and flexibility in accessing Bitcoin. One can deposit either fiat or cryptocurrency and exchange between them. This platform issues its customers a low-commission prepaid card which gives users the possibility of loading it with funds from the Cryptopay Bitcoin wallet.

Cryptopay.me offers one of the most important things for people who travel a lot: accessibility. Users can trade fiat for Bitcoins anywhere without too much hassle. Users can deposit funds using several methods of payment and withdraw funds easily to cash with the help of the prepaid card.

Crypto Currencies Support

Traditional Currency Support

  • Euros (EUR)
  • US Dollar (USD)

Language Support

  • English

Country Support

  • European Union
  • Most of European Union
  • Norway
  • Switzerland
  • Turkey
  • United Kingdom of Great Britain and Northern Ireland

Platforms Systems

  • Web Interface
  • Mobile App
  • API

Cryptopay security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.

Summary:

2 Factor Authentication
Yes
Funds Insured
Funds are not insured
Private Keys Stored On
Exchange platform
Storage Type
They claim to hold user funds in cold storage but are not specific about it.

Advanced Security Features:

  • Monitor bahavior patterns for suspicious activity
  • Email Notification of withdrawal
  • Ability to remove authorized devices

Security Features:

  • SSL

Legal Registration or Compliance:

  • Data Protection Act 1998 - United Kingdom Act of Parliament

Cryptopay.me is a London-based Bitcoin platform but they also operate an office in Saint Petersburg, Russia. The company was founded by George Basiladze and Dmitry Gunyashov. They plan to develop some other products such as brokerage services, current accounts, banking services, and a peer-to-peer marketplace.

Summary:

The company doesn't provide detailed information regarding their security policy, though security is a key factor in their marketing themselves as a safe exchange platform. Cryptopay provides an efficient customer support service and a clean UX design with an intuitive GUI. This exchange stands out thanks to the Bitcoin debit card service they offer with withdrawals in GBP, USD, and EURO.

Ease of use
Intuitive
Transaction Fees
0.8% +
Deposit/Withdrawal Fee
N/A
Deposit/Withdrawal Fee c For Bank Transfer
0.01
Deposit/Withdrawal Fee For Credit Card
N/A
Deposit/Withdrawal Fee Charged For 3rd party Payments
1,99%
Anonymous Trading
Yes

Deposit/Withdrawal Options:

Deposit from bank account, Deposit using 3rd party, Deposit using an ATM (Special BTC ATM), Withdrawl funds to bank account, Withdrawal funds through a third party, Withdrawal from ATM (Special BTC ATM), Send/Receive Crypto

Functionality:

Cryptopay offers a crypto card service and allows its users to deposit or withdraw funds through ATMs or a bank account. The platform provides the Flex account feature which assures the Bitcoin funds against price fluctuations. Cryptopay services aren't available to residents of the USA or of the US outlying islands due to American financial regulations and digital currency policies.

Most common
customer complaint:

Technical issues with transactions, issues with cards delivery, Intriguing verification process