With the growing popularity of cryptocurrencies — such as Bitcoin, Ethereum, and DASH — more and more people are looking for convenient ways not only to invest but also to actually spend digital assets.
Of course, many in the crypto community prefer the HODL strategy — that is, simply holding assets in hope of price growth. However, without real use of cryptocurrencies in everyday purchases, their liquidity remains questionable.
What Is Liquidity?
This is the ability to quickly and without losses convert cryptocurrency into fiat money or goods and services. While online purchase volumes for cryptocurrency are small, tools like Bitcoin wallets and crypto debit cards play a key role in ensuring the turnover of digital money.
One such solution is Cryptopay — a platform launched back in October 2013 in the UK. Initially known as a crypto debit card service, today Cryptopay has evolved into a full ecosystem for storing, exchanging, and spending cryptocurrencies.
After a successful ICO (fundraising amounted to 15 million euros!), the team continues to expand functionality, adding products such as P2P exchange, brokerage services, and even the concept of a “Bitcoin bank.”
Let’s look at the main platform capabilities in detail.
1. Cryptopay Bitcoin Wallet
Cryptopay offers a convenient wallet for buying, storing, and sending Bitcoins worldwide. Fiat currency top-ups are supported: USD, EUR, and GBP.
Important: this is a co-hosted wallet protected by BitGo’s multi-signature technology. For additional security, two-factor authentication (2FA) is included.
How to start using:
- Register by providing name and email.
- Complete verification by uploading identity documents.
- Top up your account in GBP, EUR, or USD.
- Buy Bitcoins directly on the platform.
2. FLEX Account: Protection from Volatility
After verification, users get access to a unique FLEX account. Unlike regular crypto wallets, FLEX allows storing funds simultaneously in four currencies:
- Bitcoin (BTC)
- Euro (EUR)
- British Pound (GBP)
- US Dollar (USD)
This gives the opportunity to hedge risks associated with sharp Bitcoin price fluctuations. For example, you can partially convert BTC into stable fiat currency without leaving the platform. With the expansion of the list of supported currencies, the FLEX functionality will become even more useful.
3. Cryptopay Crypto Debit Card
Cryptopay issues Visa debit cards linked to your crypto account. Cards are available in physical and virtual formats.
Main characteristics:
- Supported currencies: USD, EUR, GBP
- Card type: Visa
- Mobile app availability: yes
- Anonymity: no (KYC required)
- Free delivery in Europe (2–3 weeks); express delivery — for additional fee (up to 10 days)
The card is accepted everywhere Visa works, making it a universal tool for everyday purchases. However, it’s important to consider that delivery is not available to all countries — before ordering, check the list of supported regions.
Update: Cryptopay is expanding the geography of card usage — soon they will work in Europe, Russian Federation, and Southeast Asian countries.
4. Accepting Bitcoin Payments for Business
If you own an online store or online service, Cryptopay offers tools for accepting BTC payments.
Advantages:
- Low fees
- No chargeback risk
- Instant transactions
For integration, an API and developer kit are available, allowing you to easily connect crypto payments to your website.
More Than Just a Card
Cryptopay has long outgrown the framework of a simple crypto card issuer. Thanks to a successful ICO and already working product, the team actively develops the ecosystem:
- Launches P2P exchange
- Works on brokerage and banking services
- Integrates with Telegram Passport to simplify KYC
Moreover, CPAY token holders receive part of the platform’s revenue — starting from February 2018, profit distribution reports are published.
Conclusion
Cryptopay is a mature, multifunctional platform for those who want not only to store but also actively use cryptocurrency in real life. With its help, you can:
- Safely store BTC
- Hedge volatility through FLEX account
- Spend cryptocurrency through Visa debit card
- Accept BTC in your business
If you’re looking for a reliable way to introduce cryptocurrency into everyday circulation — Cryptopay deserves attention.
