The price of bitcoin is always changing. To prevent those price changes from hurting our merchants or users, BitPay requires transactions to be sent within fifteen minutes.
Most bitcoin exchanges cannot send a payment that quickly. As a result, the payment can arrive late and need to be refunded. This will cost you time and money.
Many bitcoin wallets do not fully support payment protocol. These non-payment protocol wallets make it too easy to send the incorrect amount or your bitcoin to the wrong place. For that reason, BitPay now requires all payments to be made with a payment protocol compatible bitcoin wallet.
BitPay recommends using a bitcoin wallet that you can trust to successfully use for bitcoin payments. Below is a list of reliable bitcoin wallets:
If your wallet is not on this list, it may fail to work with BitPay.
What about other popular wallets?
Our goal isn’t to limit users’ wallet choices. We require Payment Protocol-compatible wallets to protect users from common, expensive payment mistakes.
We continue to work with other wallet providers in the Bitcoin ecosystem to advance adoption of the Bitcoin Payment Protocol. We’re encouraged by the response we have received. Widespread adoption of Payment Protocol will immediately improve the bitcoin payment experience. As more wallets adopt support for Payment Protocol payments, we will update our compatible wallet list.