BitPay and Banxa Introduce Innovative Local Payment Solutions for Global Cryptocurrency Consumers

    BtPay is thrilled to announce our newest partner, Banxa. Together, we are expanding the payment methods available to BitPay users in the Wallet app and on the BitPay website. Cryptocurrency communities across the Americas, Europe, Asia, Africa, and Oceania can now pay for cryptocurrency assets using local payment methods, which offer a more convenient way to pay than traditional methods.

    Here are the local payment options available in various countries:

    – iDEAL: Crypto buyers in the Netherlands can use iDEAL for direct online payments from bank accounts.
    – SEPA (Instant & Standard): For the crypto community in European countries, the SEPA method is available for cryptocurrency purchases.
    – ACH (Instant & Standard): Crypto buyers in the US can benefit from ACH for instant electronic transfers between bank accounts.
    – Interac: The crypto community in Canada can utilize Interac for their transactions.
    – Faster Payments Systems: In the UK, the Faster Payments Systems (FPS) is a preferred choice for the crypto community.
    – PayID: Crypto buyers in Australia can link their bank accounts to unique identifiers like email or phone numbers using PayID.
    – POLi: In New Zealand, POLi facilitates direct cryptocurrency purchases from bank accounts.
    – PIX: The crypto community in Brazil can engage in instant 24/7 transactions with PIX.
    – Turkey Bank Transfer: Crypto buyers in Turkey have the local bank transfer method at their disposal for purchases.
    – South Africa Bank Transfer: For the crypto community in South Africa, the local bank transfer is an option for transactions.
    – SPEI: Crypto buyers in Mexico can secure instant transfers with SPEI.
    – Khipu: In Chile, Khipu, a secure online payment platform, is available for the crypto community to transact using bank accounts.
    – PSE: The crypto community in the Philippines can use the PSE’s e-payment system.
    – Thai QR: For crypto buyers in Thailand, Thai QR allows for cryptocurrency acquisition by scanning QR codes on mobile phones.

    BitPay and Banxa support the sale of over 175 cryptocurrencies across 20 chains, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Polygon (MATIC), and many more. These cryptocurrencies can be bought and managed within the BitPay Wallet app or sent directly to an alternative self-custody wallet from the BitPay website.

    BitPay users can buy Bitcoin and other cryptocurrencies with their preferred local banking transfer method through the BitPay Wallet app or on the BitPay website. Both methods provide a convenient way to pay for crypto straight from your local bank account and manage your assets with self-custody.

    To buy crypto in the BitPay Wallet app:
    1. Download the BitPay app or scan the QR code.
    2. Tap “Buy Crypto” on the app’s home screen.
    3. Enter the amount and the cryptocurrency you wish to purchase.
    4. Choose “Other” as your payment method and review the available offers.
    5. Select the best offer and complete the transaction on our partner site by entering your banking details.

    To buy crypto on the BitPay website with iDEAL:
    1. Visit BitPay’s buy crypto page.
    2. Select your preferred cryptocurrency and enter the amount.
    3. Enter the address where you want to receive your crypto.
    4. Pay with your bank account by choosing the best offer and completing the transaction on our partner site.

    Please note that not all BitPay partners support local bank transfer methods.

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