BitPay, Simplex will offer commission-free cryptocurrency purchases

BitPay, Simplex will offer commission-free cryptocurrency purchases

Fees will be waived for a “limited time,” according to BitPay.  

“For those consumers in the U.S. who want to try out crypto for the first time, this is a straightforward way to purchase, store and spend crypto through the BitPay Wallet app integration with Simplex,” said Stephen Pair, BitPay CEO. “BitPay wants to help consumers start to live life on crypto and by working with Simplex, we make it simple to acquire crypto by eliminating the need for users to navigate to a cryptocurrency exchange to fund the wallet.” 


  • To purchase crypto via BitPay, open the BitPay Wallet App or download it from the Apple App Store or Google Play Store, Windows 10 and Linux. Click on Buy Crypto and enter the amount in U.S. dollars, select the crypto to purchase and use Simplex as the payment option. 

  • The BitPay Wallet App simplifies sending and receiving crypto, buying crypto from within the app, checking the price of crypto and securely storing funds, according to the announcement. Users can instantly buy gift cards from hundreds of retailers in store and online with Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Litecoin, Shiba Inu, Wrapped Bitcoin, as well as five USD-backed stable coins. 

See more: Nexon, BitPay to Let Gamers Pay With Crypto 

Monday’s announcement comes on the heels of BitPay’s collaboration with gaming software firm Nexon America to enable users to buy in-game items with crypto, according to PYMNTS. The new feature allows gamers to buy using Ethereum, Dogecoin, Bitcoin, Bitcoin Cash, Wrapped BTC, Binance USD, Dai, Gemini Dollar, Litecoin, Paxos Standard and USD Coin. 

Earlier this year, digital payments processing company Nuvei Corp. purchased Simplex for $250 million, according to PYMNTS. 

Related: Nuvei To Buy Crypto Payments Firm Simplex For $250M


About:More than half of U.S. consumers think biometric authentication methods are faster, more convenient and more trustworthy than passwords or PINs — so why are less than 10% using them? PYMNTS, in collaboration with Mitek, surveyed more than 2,200 consumers to better define this perception versus use gap and identify ways businesses can boost usage.