Bitspay Review 2026
Learn more about TU’s methodology
- USDT 0
- Web platform
- Mobile Apps
- Only limit orders are supported
- No passive income options.
Our Evaluation of Bitspay
Learn more about TU’s methodology
Bitspay is a high-risk cryptocurrency exchange with the TU Overall Score of 2.72 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Bitspay clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
Bitspay is a good choice for traders who value security and transparency in cryptocurrency trading. It is suitable for users who require a reliable exchange with mandatory identity verification and adherence to international regulatory standards. However, Bitspay may not meet the needs of those who require a wider range of trading instruments or investment opportunities.
How we tested Bitspay
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Brief Look at Bitspay
Bitspay is an Estonia-based cryptocurrency exchange launched in January 2020. The platform is regulated to comply with anti-money laundering (AML) and counter-terrorism financing (CTF) laws. Bitspay offers access to trading major cryptocurrencies, including Bitcoin, Ethereum, USDT, and USDC, catering to traders worldwide. Trading options are limited to spot trading digital assets without leverage. Margin trading, derivatives trading, and other investment products are not available.
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- No minimum deposit requirement;
- User-friendly interface and simple navigation;
- Global accessibility;
- High security level is ensured by the mandatory KYC (Know Your Client) procedure.
- No support for fiat currencies and no investment programs;
- Limited choice of trading instruments.
TU Expert Verdict
Chief Analytics Officer
Bitspay is an Estonia-based cryptocurrency exchange that provides access to trading major digital assets such as Bitcoin, Ethereum, USDT, and USDC via web and mobile platforms. The platform features low spot trading fees from 0.1%, a simple interface, and mandatory KYC verification for security. Bitspay supports 21 cryptocurrencies, with accounts denominated in crypto and a minimum deposit of just USDT 0. The service is government regulated, ensures global accessibility, and accommodates fast deposits by bank card or crypto but does not offer leverage or advanced products like derivatives.
Drawbacks include a limited selection of tradable assets, no support for fiat withdrawals, a lack of margin trading or passive income tools, and only basic order types with no API or trading bots. Bitspay may not be suitable for active traders seeking broad market access or those interested in advanced features, but it offers a secure, straightforward environment for users focused on low-cost spot crypto trading.
Bitspay Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | Web platform and mobile apps |
|---|---|
| 📊 Accounts: | Live account |
| 💰 Account currency: | USDT, USDC, BTC, etc. |
| 💵 Deposit / Withdrawal: | Cryptocurrencies |
| 🚀 Minimum deposit: | USDT 0 |
| ⚖️ Leverage: | No |
| 💼 Copy Trading: | No |
| 📈️ Min Order: | No |
| 💱 Commission: | Spot: 0.1%-0.1% |
| 🔧 Instruments: | 21 supported coins, Fiat. |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Limit |
| ⭐ Trading features: |
Only limit orders are supported; No passive income options. |
| 🎁 Contests and bonuses: | No |
Bitspay is a spot cryptocurrency exchange that does not offer margin trading or derivatives, such as futures. However, the platform compensates with low trading fees and a user-friendly interface powered by TradingView charts.
Bitspay Key Parameters Evaluation
Regulation and Safety
Bitspay received a score of 4.75/10, indicating a low level of security and regulatory compliance. This suggests that the platform may lack essential protections, and users should exercise extreme caution.
- No successful hacks history
- 2FA
- Government-regulated
- Not U.S regulated
- Cold wallet storage is not mandatory
Bitspay Security Factors
We also compared Bitspay against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| Bitspay | Kraken | Coinbase | |
| Tier-1 regulation | No | Yes | Yes |
| Government-regulated | Yes | Yes | Yes |
| Investor protection fund | No | No | Yes |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | No | No |
| Cold wallet storage | No | Yes | Yes |
| Successful hacker attacks | No | No | Yes |
Is Bitspay a regulated crypto exchange?
Bitspay is regulated by a government authority, ensuring compliance with national and international standards. However, it does not hold Tier-1 regulation (e.g., in the U.S., UK, Germany, Spain, France, Australia, Singapore, or other jurisdictions with strict financial oversight). While this regulation provides an added layer of security and legitimacy, it may not offer the highest level of investor protection found in top-tier regulatory environments.
Is verification (KYC) mandatory at Bitspay?
Yes, KYC verification is mandatory at Bitspay. You will need to complete the verification process before you can open an account and access the platform's full range of services.
Is Bitspay available in the USA?
Bitspay is not available in the USA due to regulatory restrictions. In some cases, access might differ by state, so we recommend confirming details with the platform’s support or checking the official website for the latest updates.
You may also consider the top 3 exchanges that are available in the USA and rank highly based on our methodology: Kraken, Coinbase, OKX .
Bitspay commissions and fees
Bitspay received a 7.75/10 score for its trading fees. While Bitspay is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are Bitspay trading fees?
We analyzed Bitspay’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
Bitspay trading fees vs competitors
| Bitspay | Nexus Trade | CoinMetro | Industry average | |
| Spot, maker fee (%) | 0.1 | 0.22 | 0.1 | 0.15 |
| Spot, taker fee (%) | 0.1 | 0.22 | 0.2 | 0.194 |
What are Bitspay deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0.0008 BTC 0.003 ETH |
Does Bitspay offer P2P trading?
No, Bitspay does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and Withdrawal
Bitspay received a 4/10 rating for its deposit and withdrawal services. Bitspay offers limited funding options and may charge fees, which could be inconvenient for many users.
- Many cryptocurrencies for deposits and withdrawals
- Bank cards accepted for instant deposits
- No deposit fees
- No Google Pay option
- Bank transfers not available
Deposit and withdrawal options
Bitspay supports the following deposit and withdrawal options: Bank card, Crypto.
Bitspay Deposit and withdrawal options vs competitors
| Bitspay | Kraken | Coinbase | |
| Bank transfers | No | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
What is Bitspay minimum deposit?
The minimum deposit at Bitspay is 10 USD/USDT or 5 BTC. The minimum trade size is 2 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
Bitspay minimum deposit vs competitors
| Bitspay | Kraken | Coinbase | |
| Minimum deposit, USD or USDT | 10 | 10 | 10 |
| Minimum deposit, BTC | 5 | 1 | 1 |
| Minimum trade amount, USD/USDT | 2 | 1 | 2 |
Does Bitspay support fiat money?
Bitspay supports fiat currency trading and account funding. The following fiat currencies are accepted:
Supported coins & markets
Bitspay received a score of 2/10 in this category, indicating a modest offering of assets and markets. While Bitspay covers essential trading functions, the number of supported coins, fiat currencies, and investment tools may be insufficient for users seeking more comprehensive options.
- Fiat currencies supported
- Other supported products
- Crypto options not available
- Yield farming not available
Bitspay supported coins and markets vs competitors
We compared Bitspay with leading exchanges in terms of supported coins, NFT access, and derivatives like futures and options to help users assess the platform’s product range and trading flexibility.
| Bitspay | Kraken | Coinbase | |
| Supported coins | 21 | 278 | 249 |
| Futures/Perpetual contracts | No | Yes | Yes |
| Options | No | No | No |
| NFTs | No | Yes | Yes |
Bitspay passive income options vs competitors
We also compared Bitspay with top competitors in terms of passive income opportunities such as staking, farming, and copy trading, to help users evaluate the platform’s earning potential beyond regular trading.
Trading apps & tools
Bitspay received a score of 5.5/10 for offering a solid set of tools. The apps are intuitive and reliable, though certain advanced features remain limited or could benefit from further development.
- Positive user feedback on the iOS app
- App data protection with 2FA
- Mobile indicators allowed
- Android app score 4.2
- No access to Copy Trading
- Advanced orders not available
- No trading bots for traders
Trading apps
Bitspay provides web and mobile apps for both Android and iOS users, with an average rating of 4.1 on the App Store and 4.2 on Google Play. Our review focused on core features important to traders, particularly trading functionality and security tools, to evaluate how convenient and safe the Bitspay platform is for mobile use.
| Bitspay | Kraken | Coinbase | |
| 2FA | Yes | Yes | Yes |
| Face ID | No | No | No |
| Mob Indicators | Yes | Yes | Yes |
| Alerts | No | Yes | Yes |
| Advanced Orders | No | Yes | Yes |
| Trading with bots | No | No | No |
| API | No | Yes | Yes |
| Extra trading platforms | No | No | No |
Does Bitspay offer a desktop app?
No, Bitspay does not currently offer a desktop app. However, users can access the platform via its web version, which provides more comprehensive functionality compared to the mobile apps.
Does Bitspay offer advanced charting with TradingView integration?
No, Bitspay does not currently support TradingView integration. However, it provides its own built-in charting tools with basic indicators and timeframes.
Contacts
| Official site | https://www.bitspay.io/ |
|---|
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