At BitPay, we constantly strive to improve our products and deliver you the best possible customer experience. That’s why we’re excited to share that we’ve added support for SegWit in our wallet as an optional feature. In addition, we have enhanced our integration with Coinbase to enable users to directly manage their Coinbase wallets from inside the BitPay App. Last, we’ve created a new dark mode setting within the app for those users who prefer this mode. Dark mode will be released and available sometime in July, but all of these other great features are available right now.
Save on fees with SegWit
SegWit is the process by which the block size limit on a blockchain is increased by removing signature data from Bitcoin transactions. Removing the signature data helps the Bitcoin network run faster and more smoothly. In general, SegWit lets you save around 30% in miner fees so you can spend less on fees, and more of your money on the things you really want.
Support for SegWit is currently an optional feature for Bitcoin wallets in the BitPay App. Users must create a new bitcoin wallet to take advantage of Segwit. To learn more, check out our support article on how to create a SegWit wallet. Later this year, as part of a phased rollout plan, support for SegWit will be a default for all Bitcoin wallets. In addition later this year, SegWit will be implemented for invoice payments.
We have also updated the fee estimation algorithm in the BitPay App to improve accuracy, reduce transaction confirmation times, and lower fees. This improvement could reduce fees by as much as 5-10% over previous versions and now works on all bitcoin wallets (SegWit and non-SegWit).
Relax your eyes with Dark Mode
When the lights are low, we’ve got you covered. Later this month, the BitPay App will introduce a new dark mode feature. While easier on your eyes, dark mode can also prolong the battery life of your smartphone. Once launched, to enable the dark mode, users will simply need to open the BitPay App, tap the gear icon at the bottom, tap Theme and then select Dark Mode. That’s it.
Directly Manage Your Coinbase Wallets in the BitPay App
Our designers have focused on providing an experience that made users feel connected to their Coinbase account. The improved Coinbase integration lets you see your funds exactly as if you were in the Coinbase platform. Funds can be managed and are presented in a simple and user-friendly fashion. If you enjoy using Coinbase, you will love this feature!
Buy Bitcoin and other cryptocurrencies with your credit card
Need Bitcoin. No problem. Buy it directly in the BitPay App. We’ve partnered with Simplex, the best-in-class processor of fiat-to-crypto transactions, to give BitPay App users the ability to buy Bitcoin and other supported cryptocurrencies directly in app with a credit card. Users can now buy cryptocurrency, transfer funds, make purchases, buy gift cards and pay friends around the world all from a single app.
Using the Simplex integration is simple. Inside your BitPay App:
- Launch the BitPay App
- Click Buy Crypto
- Select the wallet you want the funds deposited into
- Pick a cryptocurrency and amount
- Proceed to checkout and enter your billing details
- Complete your purchase
For more details on how to buy crypto from the BitPay App, visit our support article.
If you don't already have the BitPay App, download it today!