Fold
Earn Bitcoin rewards on everyday spending with a prepaid Visa card and integrated savings tools
Why We Recommend Fold
Fold secures Bitcoin holdings through institutional-grade cold storage provided by BitGo, one of the most established digital asset custodians in the industry. This custody arrangement includes up to $250 million in insurance coverage protecting against loss, theft, or mismanagement of funds. USD balances held within the app may qualify for FDIC insurance, adding another layer of protection for users who maintain dollar positions alongside their Bitcoin.
As a publicly traded company, Fold operates under regulatory scrutiny that requires transparent financial reporting and governance standards. The platform emphasizes clear pricing with no hidden account fees, publishing its fee structure openly including the spread on Bitcoin transactions. This combination of insured custody, public company accountability, and transparent fee disclosure provides meaningful assurances for users entrusting their funds to the platform.
Best For
Bitcoin enthusiasts who want to passively accumulate sats through their existing spending habits will find Fold particularly valuable. The app transforms routine purchases into Bitcoin acquisition opportunities, whether buying groceries, filling up on gas, or shopping at major retailers. Users who already plan to spend money on everyday items can earn 1% or more back in Bitcoin without changing their behavior, making it an effortless way to stack sats over time.
The platform serves users looking to consolidate their Bitcoin and banking activities into a single app. Direct deposit splitting allows paychecks to automatically convert a chosen percentage into Bitcoin, while the bill pay feature enables earning rewards on recurring expenses like rent, mortgage payments, and credit card bills. For those pursuing a dollar-cost averaging strategy, the auto-stack and round-up features automate regular Bitcoin purchases without requiring active management.
Fold+ subscribers who spend significantly or want to maximize their Bitcoin accumulation benefit most from the premium tier. The elimination of processing fees on Bitcoin transactions, higher reward boosts reaching up to 15% at select merchants, and waived international and ATM fees make the $100 annual subscription worthwhile for active users. Those who travel internationally or frequently purchase gift cards for major retailers can extract substantial value from these enhanced benefits.
Services & Features
- Prepaid Visa debit card
- Bitcoin rewards up to 15%
- Auto-stack DCA purchases
- Round-up investing
- Direct deposit to BTC
- Bill pay with rewards
- Bitcoin buy/sell trading
- ATM cash access
- Gift card rewards
- Spin wheel bonuses
Considerations
Only available in the US, excluding New York and Arkansas residents. All Bitcoin purchases include an approximately 0.88% spread even on the premium plan, and network fees apply to Bitcoin withdrawals. The free tier charges 0.95-1.5% processing fees on Bitcoin transactions.
