New: Push to Card

Today, we're excited to introduce Push to Card – the simplest way to access the value of your bitcoin. Now, you can use your Fold bitcoin balance for everyday card swipes and monthly bill payments. Just push bitcoin to your Fold Card and watch the funds appear in minutes– with no fees for Spin+. It's not just easy, it's awesome.


Considering the dollar lost 1,233% of its value against bitcoin in the past five years, many are rethinking their reliance on a depreciating asset. Push to Card is a step towards empowering those seeking to minimize or eliminate dollar exposure, while embracing bitcoin as their primary money.

Whether you're living off bitcoin, need to buy groceries, or anything in-between, Push to Card makes things easier. In just minutes, unlock your bitcoin's value for use with your Fold Card or for bill payments directly from your checking account – and do it all without fees and near zero spread.

How it Works 

We want to make using your Fold bitcoin balance for daily and monthly expenses as easy as possible.

  1. Select ‘Push to Card’ in the Fold bitcoin Tab.
  2. Confirm the transfer.
  3. Swipe your Fold Card or Pay your Bills (via ACH or PayPal Bill Pay)

The crazy thing is you may even come out with more bitcoin purchasing power than you started with because there are no fees to use it and you’ll earn rewards.

What’s Next 

We're eager to see how the community embraces Push to Card. Share your thoughts with us on X or in our Discord. We're exploring many future features and enhancements for those living on bitcoin, including:

  • Joint Accounts
  • Round-Ups
  • Faster BTC ↔ USD Conversion Times


Am I sending bitcoin to my Fold Card?

No. When you Push to Card, you are selling an exact amount of bitcoin for USD and then immediately funding your Fold Card with that USD.

In other words, Push to Card converts your bitcoin to dollars and funds your Fold Card with those dollars.

How long does it take to convert between USD and BTC? 

Conversions typically take between 1-10 minutes, though in rare instances, it can take up to 24 hours. We're striving to make this process as instantaneous as possible.

What are the fees and spread when converting between USD and BTC?

Spin+ members can buy and sell bitcoin for zero fees and near zero spread. 

For everyone else, a 1.5% fee applies when buying and a 1% applies when selling (aka pushing to card). If you want to buy, spend or sell any bitcoin, you should definitely upgrade to Spin+.

Can I deposit bitcoin directly to Fold?

No, you cannot deposit bitcoin from external wallets into Fold (this feature is coming soon!).

However, you can buy bitcoin directly on Fold through one-time spot buys or by using our Auto-Stack feature for automated DCA. Plus, Spin+ users enjoy zero fees on all bitcoin buys, and all cardholders earn rewards for every $10 of bitcoin bought on Fold.

What are the tax implications? 

In the U.S., selling bitcoin typically triggers capital gains tax on profits. The gain is categorized as short-term or long-term based on the holding duration of the bitcoin, affecting the tax rate. Precise reporting of capital gains or losses on tax returns is mandatory, and detailed transaction records are essential. Losses may offset capital gains or, in certain cases, be deductible from regular income. We recommend consulting a tax professional for specific guidance.

Do you get rewards on purchases with bitcoin? 

Just like normal, rewards are always earned on Fold Card transactions, regardless of how you fund your card. 

How do you pay for things with your bitcoin? 

Simply use the Push to Card feature to transfer funds from your Fold bitcoin balance to your Fold Card. Once the funds are available, use your card as usual.

How do you pay bills with your bitcoin? 

Use Push to Card to transfer funds to your Fold Card. With funds available, utilize your account and routing numbers for bill payments. Pro-Tip: Using Paypal Bill Pay for your bills makes you eligible for rewards on payments like mortgages, taxes, and more.

We deeply appreciate your ongoing support and loyalty as part of the Fold community, and hope you are as excited about this feature as we are!

- The Fold Team

Chelsey Chambers

Chelsey Chambers