Cryptopay

What is Cryptopay and what do they do?

Cryptopay is a cryptocurrency payment platform and digital wallet provider that bridges traditional finance and digital assets for both individuals and businesses. Founded in 2013 and headquartered in London, UK, it is one of the longest-running crypto payment companies in Europe. Cryptopay enables users to buy, sell, store, and spend cryptocurrencies while allowing merchants to accept crypto payments globally with minimal friction.

Its platform combines crypto wallets, exchange functionality, and merchant tools into one ecosystem. Users can store and manage Bitcoin (BTC), Ethereum (ETH), USDT, and more than 30 other cryptocurrencies, and convert them seamlessly into fiat currencies such as GBP, EUR, or USD. Businesses can integrate payment buttons, hosted checkout pages, or APIs to accept crypto payments online or in-store with instant settlement.

Cryptopay also historically offered crypto-linked prepaid debit cards, enabling users to convert digital assets into fiat for everyday use wherever Visa or Mastercard were accepted. Although new card issuance is currently paused, existing users continue to enjoy access to this functionality.

Overall, Cryptopay’s mission is to make cryptocurrency practical for daily financial use, enabling simple, low-cost, and secure digital payments for businesses and individuals alike.

Who is it for?

Cryptopay serves both retail users and businesses seeking to integrate cryptocurrencies into their payment systems. It is ideal for:

• Individuals and traders who wish to store, exchange, and spend cryptocurrencies using a secure wallet.
• E-commerce merchants and online platforms looking to accept crypto payments directly from customers.
• Businesses in retail, technology, travel, and services that want to attract crypto-paying customers or expand to international markets.
• Crypto-native companies managing liquidity, settlements, or payouts in multiple currencies.

Its straightforward setup and low operational costs make Cryptopay particularly attractive to small and medium-sized enterprises (SMEs) in the UK and EU, though it supports global usage.

Why do businesses choose Cryptopay?

Businesses choose Cryptopay for its proven stability, simplicity, and cost efficiency. The key reasons include:

• Simple integration: Ready-made merchant tools such as hosted checkouts, payment buttons, and APIs enable quick deployment without complex coding.
• Low, transparent fees: A flat 1% transaction fee with no hidden costs helps businesses maintain predictable payment expenses.
• Multi-currency and multi-asset support: Accepts Bitcoin, Ethereum, USDT, and 30+ cryptocurrencies, with settlement in GBP, EUR, or USD.
• Instant conversions: Crypto-to-fiat exchange at competitive rates ensures liquidity and shields merchants from volatility.
• Full control and privacy: Enables direct wallet-to-wallet payments, allowing merchants to retain control over funds without third-party custody.
• Strong security: Utilises encryption, AML/KYC compliance, and secure cold storage for asset protection.

Businesses using Corefy can easily connect their Cryptopay MID to the Corefy dashboard to access unified routing, cascading, and reporting tools — with no additional integration required.

Is Cryptopay trustworthy?

Cryptopay is registered with the UK’s HMRC as a Money Service Business (MSB) and operates under AML and KYC compliance standards. The company has maintained an active presence in the market for over a decade, with no major security breaches reported.

It employs strong encryption, multi-layer authentication, and secure cold storage for funds, ensuring the safety of customer assets. Reviews consistently highlight the platform’s reliability, ease of use, and responsive support, though availability of some features, such as new debit card issuance, may vary over time.

With its long operational history, transparency, and regulatory compliance, Cryptopay is widely regarded as a trusted European crypto payment provider, balancing innovation with stability for merchants and users adopting digital currencies in everyday transactions.