BitGo-insured bitcoin custody Pass-through FDIC for USD balances
KYC required Best for: US spenders who want bitcoin rewards on daily purchases without running their own node.
Consider if: You plan to fund the Fold Card with bitcoin or pay big bills via ACH to earn 0.25%-1.5% back.
Not ideal when: You need worldwide access, true self-custody, or want to avoid KYC.
Gotcha: Mistyped answers or PO Box addresses cause verification failures-double-check the details before resubmitting.
Gotcha: Instant debit transfers and loads are capped; large amounts may need traditional ACH, which can take a few days.
Gotcha: ACH rewards stop once you exceed last month's qualified spend, and boosted card purchases don't count toward next month's allowance.
Fold+ 0% fee; Basic 0.95% fee plus spread
What happens:
Fold executes the buy through its custodial partners and includes a small spread in the quoted exchange rate.
Save money:
Upgrade to Fold+ or batch purchases when spreads are narrow.
Fold+ members skip the processing fee entirely, while Basic users pay 0.95%-everyone sees the spread baked into the previewed price.
Fold+ 0%; Basic 1% sell fee
What happens:
Fold sells the exact bitcoin amount you specify and immediately loads the proceeds onto your Fold Card.
Save money:
Keep Fold+ active if you rely on Push to Card; otherwise, consolidate conversions into fewer transactions.
Transfers usually finish within 1-10 minutes (rarely up to 24 hours) and the USD balance is ready to swipe anywhere Visa is accepted.
Bitcoin network miner fee (variable)
What happens:
Your withdrawal broadcasts on-chain and mines into a block; the deduction includes your amount plus the network fee.
Save money:
Schedule withdrawals when mempool fees are low and avoid tiny payouts that get eaten by fees.
Fold does not charge an extra fee-what you see is the miner fee required for a timely confirmation.
ACH rewards only apply up to the total qualified spend you logged the previous month; once current ACH payments exceed that dollar amount, the reward rate falls to 0% until the next cycle.
Only Visa Signature transactions that earned the base 0.5% reward count. Purchases in boosted categories, PIN transactions, and prior ACH payments do not increase next month's allowance.
Push to Card sells bitcoin for USD and loads those dollars to your Fold Card balance-you're not sending BTC directly onto the card, so the conversion can create a taxable event.
Converts to USD Visa network coverage
Fold lets you swipe anywhere Visa is accepted while earning bitcoin rewards.
Gotcha: Transactions settle in USD, so they create taxable events just like selling bitcoin outright.
Withdraw to Bitcoin addresses Miner fee only
You can withdraw bitcoin to any external wallet from the Bitcoin tab.
Gotcha: Fold cannot cancel a withdrawal once broadcast, so verify the address and fee before confirming.
Generate invoices Custodial balance
Fold lets you accept bitcoin via Lightning invoices for quick top-ups.
Gotcha: Invoices settle into your custodial Fold balance-withdraw to self-custody if you need control of the keys.
Fresh deposit addresses Wait for confirmations
Deposit bitcoin from exchanges or other wallets using Fold-generated addresses.
Gotcha: Fold may rotate addresses after each confirmed receive, so always copy the latest address from the app.
Choose: When you get a new device and want to keep using Fold.
Tips: Fold accounts remain active as long as you have at least one action per year; if inactive too long, some rewards may claw back.
Gotcha: Fold Card must be re-activated with a new PIN if you get a new device; call customer support at 1-866-FOLDAPP.
Choose: When you want to start using Fold but have funds in a different bitcoin wallet.
Tips: Always test with a small amount first. Keep both apps open during the transfer and wait for confirmations.
Gotcha: Fold is custodial-once funds arrive, they're held by BitGo partners until you withdraw to self-custody.
Choose: When you want to hold your sats in self-custody.
Tips: Make sure your available balance exceeds the miner fee and test with a small withdrawal before sweeping everything.
Gotcha: Withdrawals cannot be cancelled; contact support only if a transfer is still unconfirmed after 24 hours.
Choose: When you want to try a different bitcoin wallet and move your Fold balance.
Tips: Test first with a small amount (~10,000 sats) to catch issues before moving everything. Verify the new wallet's security model.
Gotcha: Fold accounts may have minimum activity requirements; unused accounts can lose rewards over time.
Yes, international transactions are supported, but standard network fees or issuer limits may apply and USD balances still live at Sutton Bank.
Push to Card usually loads USD within 1-10 minutes, though Fold notes rare delays of up to 24 hours.
Double-check your personal details, avoid PO boxes, and allow 3-4 business days for manual review before retrying or contacting support.
iOS app updated October 31 2025
App StoreCard issued by Sutton Bank (Member FDIC)
Support articleFold custody covered by BitGo insurance
Withdraw guideCard limits refreshed September 5 2024
Card limits
Fold aims to make Bitcoin accessible by integrating it into daily financial activities. It offers a Visa prepaid debit card, gift card purchases, and bill payments, all rewarding users with Bitcoin (s...
Fold aims to make Bitcoin accessible by integrating it into daily financial activities. It offers a Visa prepaid debit card, gift card purchases, and bill payments, all rewarding users with Bitcoin (sats). Users can also buy Bitcoin with low or no fees, depending on their plan, and deposit Bitcoin into their Fold account for insured custody.
Fold's Basic plan lets you spin the Rewards Wheel, buy gift cards, and refer friends for sats, while Fold+ subscribers add guaranteed 0.5% back on signature Visa purchases, 1.5%-5% rotating Card and Merchant Boosts, and ACH Bill Pay rewards.
Fold+ members earn 0.25%-1.5% back on ACH Bill Payments up to the amount of the previous month's qualified spend-the first $2,500 in payments uses your tier rate, dollars $2,501-$5,000 revert to 0.25%, and anything beyond last month's spend earns 0%. Qualified spend includes bitcoin buys, gift cards purchased with your Fold balance (counted 2x), and Visa Signature transactions that only received the base 0.5% reward.
As of September 5, 2024 the Fold Card caps include a $30,000 account balance, $15,000 per-day spend, $15,000 per calendar-day loads, a $2,000 rolling 24-hour gift card limit, and $250 per ATM transaction ($1,000 per day/month). Instant debit transfers cap at $1,500 per deposit and depend on how long you have held Fold+.
USD on the Fold Card is issued by Sutton Bank, Member FDIC, so balances qualify for pass-through FDIC insurance up to $250,000 per ownership category when eligibility conditions are met. Bitcoin balances, rewards, and gift card value are not FDIC or SIPC protected.
Push to Card sells bitcoin inside Fold and loads USD to your Fold Card; Fold+ members pay no fee, Basic users pay a 1% sell fee, and transfers usually settle in 1-10 minutes (rarely up to 24 hours).
Open the Bitcoin tab, tap Send -> Withdraw, paste or scan your destination address, and confirm; the only cost is the Bitcoin network miner fee. Most withdrawals finalize within 1-2 hours, and Fold asks you to contact support if a transfer hasn't landed after 24 hours.
