Today’s world may seem confusing at times, but there are still a few things you can always count on. One of them is the monthly bill that arrives like clockwork.
BitPay’s new Bill Pay solution allows you to pay all kinds of bills with cryptocurrency. Pay your credit cards with Bitcoin, your mortgage with Litecoin, and your student loans with Ethereum, all without a bank account. Follow our step-by-step guide on how to pay your bills with cryptocurrency.
How to pay your bills with cryptocurrency
Paying almost any bill with cryptocurrency is quick and simple, and you can get started by following a few simple steps.
Step 1: Download the BitPay app and set up your wallet
Download our free app for Android and iOS devices. BitPay wallet is self-managed. This means that only you control your money. Easily create a wallet to pay bills or import wallets/keys generated from other popular self-managed wallet applications such as Metamask, Exodus Trust Wallet, and Coinbase Wallet.
Alternatively, you can pay your bill from your browser on the BitPay website. Log in to your BitPay account and navigate to the Bill Pay tab within your personal dashboard.
Step 2: Link your account
In the BitPay app, tap the ‘Payments’ tab and then tap ‘Bills.’ If you are a new BitPay user, you will be asked to provide basic KYC information. Your information will be used to link your billing account to your cryptocurrency wallet.
If you use the BitPay website, follow the instructions in the Bill Pay tab to add a bill.
Step 3: Pay your bill with your preferred cryptocurrency
Once your bill is connected, the provider, due date, balance, and other bill details will appear in the app. Select a bill, tap “Pay Bill” and enter the amount you want to pay. Then select your desired cryptocurrency and confirm payment. It’s that easy.
To get started, download the app or connect to the web.
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What bills can I pay with cryptocurrency?
BitPay allows you to pay off balances through over 5,000 providers, including mortgages, credit card bills, car notes, student loans, and more.
credit card bill
Instead of paying from your bank account, link your credit card balance to the BitPay app and pay your credit bills using cryptocurrency directly from your wallet. BitPay supports all of the most popular credit card providers, including Chase Bank, Bank of America, Citibank, Discover, and more. See our guide on how to pay your credit bills with cryptocurrency.
car payment
Pay your car loan through the BitPay Wallet app. Connect your bills with hundreds of auto loan providers, including Capital One Auto Finance, Wells Fargo Auto, Toyota Financial Services, Ford Credit, and more. See our guide on how to pay for a car loan with cryptocurrency.
mortgage
Not long ago, paying for a house with cryptocurrency was a distant dream. Now, you can pay your mortgage with cryptocurrency even if your mortgage is from a major bank like Wells Fargo Home Mortgage, Quicken Loans, Chase Home Lending, Bank of America Home Loans, CitiMortgage, and more. Learn more about mortgage cryptocurrency payments.
student loan
If you took out student loans and invested time teaching or made a purchase at a low price, and now want to take advantage of that return, you’re in luck. Repay your student loans from Navient, Nelnet, Sallie Mae, Discover Student Loans, FedLoan Service, and many other student loan providers. Read our guide on how to repay your student loans with cryptocurrency.
personal loan
You can also repay personal loans with BitPay Bill Pay, which facilitates payments to major lenders including SoFi, Marcus by Goldman Sachs, Avant, Upstart, LendingClub, and more.
What cryptocurrencies can I use to pay my bills?
With BitPay, you can use Bitcoin (BTC), Ethereum (ETH), Bitcoin on the Lightning Network, Bitcoin Cash (BCH), Polygon (MATIC), Dogecoin (DOGE), Shiba Inu (SHIB), and Litecoin to send your crypto directly to your bills. You can make currency payments. (LTC), XRP (XRP), Dai (DAI), Wrapped Bitcoin (WBTC), Gemini USD (GUSD), USD Coin (USDC), PayPal USD (PYUSD), Binance USD (BUSD), ApeCoin (APE) and Eurocoin (Eurok). We are constantly evaluating and adding support for new coins.
Which wallet can I use to pay my bills?
Bills can be paid in the BitPay Wallet app or online on the BitPay website using your favorite cryptocurrency wallet application. Since BitPay Wallet is a self-custodial wallet app, self-custodial wallets created through alternative wallet providers can be imported into the BitPay app using a 12/24 word seed phrase. You can use assets from the imported wallet to pay your bills right from the app.
Alternatively, you can pay your bill through the BitPay website, which has over 100 compatible wallets. Simply sign up and connect your bills. Once you create an account and connect your invoices, an invoice will be created that you can pay using your preferred wallet.
Bonus: Pay your bills with your BitPay card
The BitPay cryptocurrency debit card is the most flexible way to pay your bills with cryptocurrency. Holders can instantly convert Bitcoin and over a dozen other major cryptocurrencies with every swipe, commission-free. BitPay cards are accepted wherever Mastercard is accepted, serving millions of global merchants. This is a great way to seamlessly use cryptocurrency to pay bills that can be paid with a debit card.