About Zypto
Zypto is a cryptocurrency application for Web, IOS and Android that boldly asserts itself as ‘The world’s most advanced crypto payments app’. While such a claim may raise eyebrows at first glance, a closer look at what Zypto has already achieved paints a compelling picture. Notably, Zypto’s crypto payment gateway which has ascended to the top spot as our #1 rated crypto payment gateway, a testament to its excellence in the field. Therefore, we are not surprised that Zypto has also emerged as our best-reviewed crypto application ever.
In this Zypto review, we will delve into the various functionalities Zypto offers in the realm of cryptocurrency payments. These include a comprehensive crypto payment gateway, a decentralized wallet, a centralized wallet (to be released), crypto credit cards, crypto gift cards, and much more, all within one mobile app. We conclude this Zypto review by providing a brief guide on how you can get the Zypto app to experience it yourself.
Having had the opportunity to explore Zypto firsthand during its beta phase and thereafter, we’ve gained valuable insights into its capabilities and potential. As trusted reviewers within the crypto payment gateway space, we invite you to join us on this journey as we uncover the exciting future of crypto payments with Zypto.
Functionalities of Zypto
The Zypto app provides their users with many user-friendly functionalities so crypto enthousiasts can use crypto in their everyday life. The functionalities we go over in this Zypto review include:
1. Crypto wallet
The Zypto app is incorporated with 2 types of wallets. A decentralized (DeFi) wallet, similar to Trust Wallet or Metamask, and a centralized (CeFi) wallet similar to an exchange wallet like Binance and Coinbase. Currently, only the DeFi wallet has been released.
Decentralized wallet
Zypto’s decentralized wallet mirrors the features of renowned platforms such as Trust Wallet or Metamask, providing users with a secure and autonomous space to store their cryptocurrencies. This type of wallet operates independently of any central authority, enhancing security and ensuring users have full control over their digital assets. Through the decentralized wallet, Zypto empowers users to engage with the decentralized finance (DeFi) ecosystem, participate in decentralized exchanges, and explore the vast landscape of blockchain-based applications, all while maintaining the highest security and privacy.
The DeFi wallet is incorporated with many useful features:
Chross chain Swaps
Buying crypto with fiat (= onramp)
For those that want to buy crypto with fiat (also called onramping), Zypto has another great integration. Within the app there is a ‘buying’ section where you can exchange fiat for cryptocurrencies using any of over 130 (local) local payment options. Some of the payment mehtods available (dependent on country) are:
- Apple Pay
- Google Pay
- Credit card
- Bank Transfer
- Revolut Pay
- Etc.
All major cryptocurrencies are supported like Bitcoin, Ethereum, Solana, BNB and many more. And the biggest benefit is that they will scan every onramping platform in order to give you the on with the best exchange rate.
Selling crypto for fiat (=offramping)
Besides the ability to onramp, Zypto also provides their users with the ability to sell crypto for fiat like USD and EUR, which is called offramping. You choose your wallet that hold the crypto that you want to sell. Thereafter you can again choose the offramping partner with the best exchangerate and a method to receive your fiat, for example by bank or creditcard.
Centralized wallet
In contrast to the decentralized counterpart, Zypto’s centralized wallet is comparable with conventional exchange wallets, such as Binance and Coinbase spot wallets. However, Zypto distinguishes itself by offering compelling advantages:
- Feeless Transactions: One standout feature of Zypto’s centralized wallet is the absence of transaction fees. This means users can conduct transactions within the wallet without incurring any additional costs.
- Send crypto by mail or phone: Zypto simplifies the process of sending cryptocurrencies by enabling users to use email or phone numbers for transactions, which eliminates the need for those long wallet addresses.
- Instant Transactions: Another notable advantage is the speed of transactions. Zypto’s centralized wallet facilitates instant transfers, providing users with real-time access to their funds.
These functionalities collectively position the Zypto CeFi wallet as a crypto-friendly alternative to mainstream payment platforms like Venmo, Cash App, or PayPal. With feeless transactions and a user-friendly approach to transfers, Zypto aims to provide a more accessible and cost-effective solution for individuals navigating the world of digital currencies.
Zypto wallet closing thoughts
Ultimately, this dual wallet approach means Zypto users can have the best of both worlds. Privacy and safety from the DeFi wallet and instant feeless transactions from the CeFi wallet. These wallets can be used interchangeably. For example, one could use the DeFi wallet as their savings account and the CeFi wallet as a payment account.
2. Crypto debit cards
Zypto will provide a range of debit card options, both virtual and physical, designed to facilitate the easy utilization of cryptocurrency funds for everyday transactions. These crypto debit cards offer a secure and convenient means for users to make purchases at any merchant that accepts debit or credit cards.
Virtual debit cards
Zypto’s virtual debit cards feature a $10,000 limit and a streamlined process that eliminates the need for KYC (Know Your Customer) verification. This allows users to swiftly obtain and use virtual debit cards without the hassle of extensive verification procedures. Available globally, these virtual cards enable users from various countries to access and benefit from their versatile features.
Physical debit cards
For users requiring a higher spending limit and willing to undergo full KYC verification, Zypto offers physical debit cards. With an elevated limit of $175,000, these physical cards provide users with increased flexibility for their transactions. The comprehensive KYC verification process ensures regulatory compliance and enhances overall security. Users can also enjoy full customization options, selecting between plastic, metal, or carbon card materials for delivery.
3. Crypto gift cards
The Zypto app allows their users to buy any of over 8.500 giftcards using cryptocurrencies. These versatile cards, supported globally, span an extensive range of popular brands including tech giants like Apple and Amazon, ride-sharing services such as Uber, gaming platforms like Playstation, entertainment streaming on Netflix, and thousands more.
4. Crypto bill payments
Zypto also offert the Crypto Bill Payments feature, enabling users in the USA to effortlessly settle bills with over 20,000 US-based companies. This streamlined service covers a diverse range of bill categories, ensuring Zypto users can manage their financial commitments with unparalleled ease.
Explore the possibilities across various bill categories:
- Utility Bills: Effortlessly handle utility bills with major providers such as Exelon, Duke Energy, NextEra Energy, and a host of others.
- Mortgage Payments: Navigate the world of mortgage payments with ease using Zypto. The platform supports payments to major institutions including Chase, HSBC, Bank of America, and more.
- Car Payments: Ensure your vehicle-related expenses are managed seamlessly with Zypto’s Crypto Bill Payments. From renowned brands like Tesla, Honda, BMW, Mercedes, and more.
- And Many More: Beyond utility bills, mortgages, and car payments, Zypto extends its Crypto Bill Payments to many services. Whether it’s insurance premiums, subscription services, or any other financial commitments, Zypto offers a way to pay it with crypto.
5. Crypto payment gatway
- Very Low Transaction Fees: Zypto stands out with its minimal transaction fees starting at just 0.5%, offering a cost-effective solution for crypto transactions.
- Extensive Cryptocurrency Support: With support for over 80 cryptocurrencies, Zypto ensures versatility and broad compatibility for users, accommodating a wide range of digital assets
- Easy Integrations: The gateway offers seamless integration with popular platforms such as WooCommerce, Magento, Prestashop, and more, making it accessible for a wide range of merchants.
In summary, Zypto’s crypto payment gateway is user-friendly, cost-effective, and widely compatible, making it a great choice for those entering the world of crypto transactions.
How to get Zypto App?
The Zypto Wallet App can be downloaded from either the Apple App Store or Google Play Store. The official links to the app can also be found on the Zypto website themselves. Besides downloading the app we highly recommend you registering for a Zypto account as this will allows you to get some great added benefits like:
- Physical (metal) debit cards
- Early access once the CeFi part of Zypto goes live
