[ad_1]
Today’s world may seem chaotic at times, but there are still a few things you can always count on. One of them is your monthly bills arriving like clockwork.
BitPay’s new Bill Pay solution allows you to pay all kinds of bills with crypto. Pay your credit card with Bitcoin, mortgage with Litecoin, or student loans with Ethereum – all without a bank account. Follow our step-by-step guide on paying bills with cryptocurrency.
How to pay your bills with crypto
Paying practically any bill with crypto is fast and simple, and you can get started by following a few simple steps.
Step 1: Get the BitPay app and set up your wallet
Download the free app for Android and iOS devices. The BitPay Wallet is self-custody, meaning that you, and only you, control your funds. Easily create a wallet to pay your bills or import wallets/keys created in other popular self-custody wallet applications like Metamask, Exodus Trust Wallet and Coinbase Wallet.
Alternatively, you can pay bills from your browser on the BitPay website. Log into your BitPay account and navigate to the Bill Pay tab from within the personal dashboard.
Step 2: Connect your accounts
In the BitPay app, tap the “Pay” tab and then “Bills”. If you are a new BitPay user, you’ll be prompted to provide basic KYC information. Your information is used to connect your billing accounts to your crypto wallet.
If using the BitPay website, follow instructions on the Bill Pay tab to add your bills.
Step 3: Pay your bills with your favorite cryptocurrency
Once your bills are connected, provider, due date, balance, and more bill details are displayed in the app. Select your bills, tap “Pay Bill” and enter the amount you’d like to pay. Then choose your preferred cryptocurrency and confirm the payment. It is that easy.
Get the App or Connect on Web to Start
What bills can I pay with crypto?
BitPay allows you to pay off balances with over 5,000 providers, including mortgages, credit card bills, car notes, student loans and much more.
Credit card bills
Instead of paying from your bank account, connect your credit card balances in the BitPay app and pay credit bills using crypto directly from your wallet. BitPay supports all of the most popular credit card providers including Chase Bank, Bank of America, Citibank, Discover and plenty more. See our guide to paying credit bills with crypto.
Car payments
Make payments on your car loan via the BitPay Wallet app. Connect bills with providers like Capital One Auto Finance, Wells Fargo Auto, Toyota Financial Services, Ford Credit and tons more auto loan providers. See our guide to paying auto loans with crypto.
Mortgages
Not long ago, paying for your home with crypto was a distant dream. Now you can pay your mortgage with crypto, even if your mortgage is serviced by major banks like Wells Fargo Home Mortgage, Quicken Loans, Chase Home Lending, Bank of America Home Loans, CitiMortgage and many more. See more about paying your mortgage crypto.
Student loans
If you took out student loans for school, spent your lecture periods trading or buying low, and now want to put those profits to use, you’re in luck. Pay off student loans handled by Navient, Nelnet, Sallie Mae, Discover Student Loans, FedLoan Service and many other student loan providers. Read our guide to paying off student loans with crypto.
Personal loans
You can even repay personal loans with BitPay Bill Pay, which facilitates payments to major lenders including SoFi, Marcus by Goldman Sachs, Avant, Upstart, LendingClub and many others.
Which cryptocurrencies can I use to pay my bills?
BitPay allows you to make direct crypto payments on bills using Bitcoin (BTC), Ethereum (ETH), Bitcoin on the Lightning Network, Bitcoin Cash (BCH), Polygon (MATIC), Dogecoin (DOGE), Shiba Inu (SHIB), Litecoin (LTC), XRP (XRP), Dai (DAI), Wrapped bitcoin (WBTC), Gemini USD (GUSD), USD Coin (USDC), PayPal USD (PYUSD), Binance USD (BUSD), ApeCoin (APE) and Euro Coin (EUROC). We are constantly evaluating and adding support for new coins.
Which wallets can I use to pay my bills?
Bills can be paid from the BitPay Wallet app or online at the BitPay website using your preferred crypto wallet application. Since the BitPay Wallet is a self-custody wallet app, self-custody wallets created with alternative wallet providers can be imported into the BitPay app using your 12/24 word seed phrase. Assets in imported wallets can be used to make bill payments straight from the app.
Alternatively, bills can be paid via the BitPay website with over 100 compatible wallets. Simply sign up and connect your bills. Once you’ve created your account and connected your bills, an invoice will be generated which can be paid using your preferred wallet.
Bonus: Pay bills with the BitPay Card
The BitPay crypto debit card is the most flexible method of paying bills with cryptocurrency. Holders get fee-free instant conversion of Bitcoin and more than a dozen other top cryptocurrencies every time they swipe. The BitPay Card is accepted anywhere Mastercard is accepted, which covers millions of global merchants. It’s a great way to seamlessly use cryptocurrency to pay any bill you’re able to pay with a debit card.
[ad_2]
Source link