Bitpay Statistics By Facts, Transaction and Facts [2025*]

Introduction

Bitpay Statistics: BitPay is one of the largest cryptocurrency payment processors in the world. This made it easier for businesses and individuals to make digital currency transactions like Bitcoin. The company plays a key role in bridging the gap between traditional financial systems and the growing world of blockchain technology. BitPay provides a secure, fast, and cost-effective way to process transactions, eliminating the need for intermediaries like banks.

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In 2024, due to the increasing adoption of cryptocurrencies for shopping, remittances, and business transactions, BitPay’s statistics offer valuable insights into the trends shaping the global economy. These data points highlight how cryptocurrency usage is expanding across industries, the most popular coins, and regions where adoption is highest. Understanding BitPay’s statistics reveals the impact of crypto on modern payment systems.

Editor’s Choice

• Bitpay Statistics state that there was around 20% rise in crypto payments in the first quarter of 2024.
• Between January 1 and March 31, 2024, crypto spending grew by 324% in many industries, including donations.
• By the end of March 2024, Bitcoin accounted for over 50% of BitPay’s sales volume, with USDT, LTC, USDC, and ETH also contributing.
• Customers used crypto gains to pay off debt. Credit card payments comprised 85% of these transactions, averaging USD 1,200 per bill payment.
• Meanwhile, there was an increase in converting crypto to gift cards for online and in-store spending.
• Over the past six months, BitPay processed approximately 237,254 crypto transactions, with 38,774 occurring in the last 30 days.
• The top industries for BitPay transactions included Internet services, Computer Games, VPN/Hosting, Prepaid Cards/Gift Cards, and Information Technology.
• Litecoin was the most commonly used cryptocurrency for transactions, followed by Bitcoin, Ethereum, and Dogecoin.
• Trust Wallet was the most frequently used wallet for transactions, with BitPay Wallet having the highest payment success rate at 99.99%.

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BitPay Facts

• BitPay is a company that helps people and businesses accept cryptocurrency as payment.
• It is based in Atlanta, Georgia, in the United States.
• The company was started in May 2011.
• Tony Gallippi and Stephen Pair are the founders of BitPay.
• For consumers, BitPay offers a complete digital asset management system, including BitPay Wallet for managing cryptocurrencies and BitPay Card for converting digital assets into dollars for spending at thousands of businesses.
• BitPay has offices in North America, Europe, and South America.
• It has raised over USD 70 million from top investors like Founders Fund, Index Ventures, Virgin Group and Aquiline Technology Growth.

General Bitpay Statistics

• Crypto payments grew by 20% between January and March 2024, driven by rising Bitcoin (BTC) prices.
• As BTC and other cryptocurrency prices went up, people started using crypto more for purchases.
• As of March 2024, many BitPay Bill Pay users used crypto gains to clear debts, with 85% covering credit card bills.
• In fact, 53% of millennials have used mobile wallets, highlighting their preference for digital transactions.

(Source: bitpay.com)

• Bitpay Statistics further show that in the past six months, BitPay handled 237,254 cryptocurrency transactions efficiently and securely.
• BitPay handled 38,774 cryptocurrency transactions over the past 30 days.

Bitpay Cryptocurrency Transactions Statistics by Industry

• Bitpay Statistics in May 2023, prepaid and gift cards had the largest share of BitPay payments worldwide, accounting for 27.62% of all transactions.

Industry	BitPay Transaction Share
Internet	20.84%
Computer games	19.83%
VPN/hosting	15.52%
IT	3.56%
Logistics	1.8%

(Source: statista.com)

(Source: bitpay.com)

• Based on BitPay Statistics in 2024, the Internet gets the most cryptocurrency payments compared to other businesses, which account for 30.01% of transactions.
• Moreover, Computer Games and VPN/Hosting have transaction shares of 17.51% and 16.21%, respectively.
• Other industries transaction shares are followed by Prepaid Cards/Gift Cards (7.47%), Information Technology/IT (5.47%) and Precious Metals (3.33%).

Bitpay Statistics by Transaction Count

• Litecoin captured the highest transaction count in the last six months of 2024, with 83,699.
• During the same period, the total number of transactions for other cryptocurrencies was BTC (62,335), ETH (25,564), BCH (20,662), DOGE (13,523), and USDC (9,938).

BitPay Payment Count Statistics for Transactions

• By November 2024, Litecoin became the most widely used cryptocurrency for transactions, holding a 31.82% share.

Bitpay Statistics also show that the table below elaborates on the monthly BitPay payment count by cryptocurrency in 2024:

Months	BCH	BTC	DOGE	ETH	LTC	POL	USDC	USDT
June	8.73%	23.59%	5.55%	11.89%	36.27%	5.98%	4.59%	2.63%
July	8.83%	24.97%	4.97%	11.25%	34.31%	5.56%	5.22%	3.61%
August	8.49%	25.20%	5.64%	9.27%	38.045	5.28%	4.48%	2.66%
September	8.76%	25.805	5.765	10.23%	37.24%	4.01%	4.34%	2.68%
October	8.54%	26.94%	6.65%	10.59%	33.37%	4.46%	4.57%	3.35%
November	8.71%	27.79%	5.52%	11.89%	31.82%	3.21%	4.60%	3.91%

Payment Success Rate Statistics by Wallet

• Bitpay Statistics further reports that the BitPay Wallet is known for having a payment success rate of 99.99%, making it highly reliable by 2024.
• Other wallets with success rates over the last six months of 2024 are Electrum (99.84%), Coinbase (99.79%), Litecoin Core (97.26%), Ledger (96.81%), Exodus (95.76%), Trust (93.22%), and Blockchain (87.84%).

BitPay’s Pricing Statistics

• Bitpay Statistics elaborates that BitPay’s merchant fees depend on monthly sales of less than USD 500,000. They are 2% plus USD 0.25 per transaction.
• Sales between USD 500,000 and USD 999,999 cost 1.5% plus USD 0.25, and USD 1,000,000+ is 1% plus USD 0.25.
• When paying with Bitcoin, you might need to pay a Network Cost fee to cover miner fees, which can change depending on network traffic.
• If you use the BitPay Card, ATM withdrawals incur a USD 2.50 fee, and currency conversion incurs a USD 3% fee.
• After 90 days of inactivity, a USD 5 monthly fee applies.

BitPay Usage Statistics

• Cars, Boats, and Luxury Vehicles: Spending up by 56%.
• Philanthropy/Non-Profit Donations: Increased by 324%.
• Luxury Goods & Jewelry: Rose by 39%.
• Gold & Precious Metals: Jumped by 205%.
• Electronics: Grew by 64%.
• Bitcoin (BTC) remained dominant, accounting for over 50% of sales volume, though other cryptocurrencies like USDT, LTC, USDC, and ETH also saw increased usage.
• Additionally, many users used crypto gains to pay off debt. Credit card payments comprised 85% of these transactions, averaging USD 1,200 per bill payment.

Bitpay Exchange Rate Statistics

• Bitpay Statistics show that the current price of 1 Bitcoin is USD 95,099.68 when exchanged into U.S. dollars.

Other popular currencies exchange rates are stated in the table below:

(Reference: bitpay.com)

BitPay Customers Statistics

• BitPay Statistics further states that in 2024, more than 423 companies worldwide began using BitPay to efficiently handle Bitcoin transactions and payments.

 (Reference: 6sense.com)

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BitPay Website Traffic Statistics

(Source: similarweb.com)

• As of November 2024, the total number of website visits to bitpay.com had reached 586.9K, up by 11.27% from last month and securing a 48.12% bounce rate.
• In the past three months, bitpay.com’s global ranking improved from 91,796 to 81,898.
• BitPay Statistics further show that the website’s global rank at the same time is #81,898, followed by the U.S. rank (#43,564) and category rank (#619).

By Country

(Reference: similarweb.com)

• BitPay Statistics 2024 shows that the United States had 32.39% of the website’s total traffic, up 43.25% from the previous year.
• In November 2024, other countries recorded the following contributions in total traffic: the United Kingdom: 5.23% (+32.18%), Russia: 3.65% (+48.34%), India: 3.56% (+44.39%), Canada: 3.53% (+89.12%)
• Other countries togetherly made up around 51.64% of visitors shared on this website.

By Demographics

(Reference: similarweb.com)

• As of November 2024, the male and female users of bitpay.com were 75.14% and 24.86%, respectively.
• Similarly, BitPay Statistics by age group represents the highest number of website users between 25 and 34 years old, with a share of 31.58%.
• Around 20.99% of BitPay website users are aged 35 to 44 years.
• In contrast, 19.39% and 12.53% belong to individuals aged 18 to 24 and 45 to 54, respectively.
• Besides, 9.39% of website users are between 55 and 64 years old.
• Sixty-five years and above, users contributed a share of 6.12% on bitpay.com.

By Traffic Source

(Reference: similarweb.com)

• In the same period, organic search generated the highest traffic to bitpay.com, accounting for 41.32% of the website share.
• Almost 40.78% of the share comprises direct traffic searches, while 15.65% is from referrals.
• BitPay Statistics also show that others are followed by paid searches (0.01%), social media (1.65%), mail (0.11%) and display (0.47%).

By Social Media Statistics

(Reference: similarweb.com)

• YouTube amounted to the highest social media referral rate, with a 38.89% share, compared to Reddit, with a share of 29.25%.
• Facebook, VKontakte, and Twitter each contributed a website share of 10.8%, 4.69% and 4.52%, respectively, on bitpay.com.
• Similarly, in November 2024, other social media segments collectively accounted for 11.85% of the bitpay website.

Top 5 Websites Using BitPay in the United States

Websites	Sales Revenue (USD)	Tech Spend Amount (USD)	Social
shop.schiffgold.com	228k+	1000+	5,000+
stirlingsoap.com	157k+	2000+	5,000+
ifandco.com	171k+	2000+	200,000+
spysite.com	60k+	500+	10+
ipyramids.com	12k+	100+	100,000+

BitPay Statistics by Product Development Updates

• In March 2024, BitPay expanded its platform to accept payments in more than 100 cryptocurrencies.
• Alongside the expanded cryptocurrency support, BitPay introduced a simplified invoice design and integrated WalletConnect 2.0.
• In November 2024, BitPay added support for Layer 2 networks, including Arbitrum, Base, and Optimism.

By Future Product Releases

• BitPay is updating its Magento Plugin to version 10.0.0 to support SDK v9.0.x, aiming to enhance integration capabilities for merchants using the Magento platform.
• An upcoming release of the WooCommerce Plugin is planned to improve the checkout experience for merchants and customers.

By Demand Influencing Factors for BitPay Services

• The growing acceptance of cryptocurrencies by consumers and businesses has led to a rise in demand for reliable payment processors like BitPay.
• Fluctuations in cryptocurrency markets, such as bull runs, often correlate with increased spending.
• The addition of new merchants accepting cryptocurrency payments through BitPay expands the ecosystem.
• Continuous improvements in payment processing technology, including support for multiple cryptocurrencies and Layer 2 networks.

Conclusion

In today’s generation, BitPay has become an effective player in cryptocurrency globally as it enables the digital payment process to be easy and secure. This platform allows businesses and individuals to send, receive, and manage crypto transactions quickly and reduces fees compared to traditional methods. As cryptocurrency grows in popularity, BitPay’s role in simplifying payments is more important than ever in recent years.

After adopting reliable tools for crypto, BitPay is helping bridge the gap between digital currencies and everyday financial systems, paving the way for a more digital future.

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