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Bonpay is a cryptocurrency payment platform. The company claims to ease the process involved with Bitcoin making it easy to store, send, receive and exchange for FIAT. As part of its service, Bonpay also offers virtual and physical debit cards (MasterCard/VISA) making it easy to shop, pay and withdraw anywhere around the world.
Bonpay has also a token BON which is an internal currency on Bonpay platform and is currently listed and traded in C-CEX, Cryptopia, Mecartox, CoinExchange, and EtherDelta.
Bonpay idea was conceived back in 2016 by cryptocurrency enthusiast with a mission to make the world of cryptocurrency simple. Over the years, Bonpay has developed and currently has over 20,000 members, support over 136 different countries and has over 125 different currencies available.
- Key Features
1. Bonpay was built by crypto enthusiast, led by CEO Alex Blazhevych who has over 7 years experience in the cryptocurrency space and has led and developed existing crypto projects.
2. Bonpay Wallet: Built-in wallet which allows you to store, send, receive, convert and spend cryptocurrency anyhow you like.
3. Offers Virtual And Physical Debit Cards: Bonpay offers plastic and virtual debit cards allowing you to easily and quickly make payments.
4. High Level Of Security: Bonpay features a high level of security. All web traffic is encrypted via SSL, Bonpay also stores users wallet and private key using 256-bit AES encryption.
5. Eliminate Unnecessary Fees: Bonpay wallet is free of unnecessary charges making it free to use.
It is important to note that Bonpay is a KYC/AML compliant company, so you will need to complete some sort of verification to completely utilize their service.
Pros:
1. Simple and straightforward to use.
2. High level of security
3. Support over 125 different currencies.
4. Available in over 136 different countries.
5. Offers virtual and professionally designed physical cards.
6. Bonpay card is accepted by over 3 million ATMs. Any ATM that accept Visa/MasterCard should also accept Bonpay cards.
7. Professional Support
Cons:
1. Bonpay service is not open to any customer with citizenship in the US or Singapore.
2. Customer service support only works on weekdays.
Although Bonpay is a relatively new cryptocurrency wallet/payment processor, based on research and reviews they seem to be a legit company. I really appreciate the fact that the team really try to focus a lot on security. Though I will really appreciate if Multi Signature support was added to the platform.