FAQ

What is Cryptopay?

Founded in 2013, we have been providing digital currency services and have continued to grow and develop or products and services ever since. We provide a range of services, such as, merchant services for bitcoin transactions, then to a digital currency wallet/exchange, and finally to our bitcoin debit cards. We are one of the most popular services of our kind in Europe, but our products and services are used around the world.

What is an ICO?

An ICO is a type of crowdfunding that allows to issue digital tokens in exchange for investments. These tokens will give investors the right to receive monthly referral commissions out of CPay aggregate revenue from existing and newly developed products .

Where can I find the Whitepaper?

The Whitepaper can be found here.

Why did Cryptopay decide to launch an ICO?

Even though Cryptopay already has a number of working products, taking the business to the next level requires more capital to scale our impact. ICO is a cost effective mechanism for raising funds and provides an opportunity to engage with the community and build products in consultation with token holders and experts.

Who are the advisers for the Cryptopay ICO?

A full list of advisers can be found here.

What new products/services is Cryptopay planning on releasing?

Brokerage Services

Current Accounts and Banking Services

A P2P Platform

What are the different milestones?

  • 1st milestone: When € 15,000,000 are collected we will implement Bitcoin stock brokerage.
  • 2nd milestone: When € 35,000,000 are collected we will implement Bitcoin bank accounts.
  • 3rd milestone: When € 50,000,000 are collected we will implement the P2P Platform.

When does the ICO launch?

It will launch on October 2nd, 2017 11:00 am UK Time.

When is the Pre-sale?

The Pre-sale will launch on September 25th, 2017 10:00 am UK Time.

How long will the ICO last?

25.09.17: Pre-sale
2.10.17-30.10.17

Depending on the date there will be different bonus opportunities. You can find all information on the different amount of bonuses further down in the FAQ.

How do I invest?

CPay tokens will be sold on ico.cryptopay.me and will be available for all verified users. Users will need to use either Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) or Ripple (XRP).

How do I create an account with Cryptopay?

You can create an account here.

Why should I verify my account?

In order to fully participate in the ICO you need to be a verified user. If you’d like to access and withdraw your CPAY tokens you’ve bought, you must become a verified user. Other than that, with a verified account you are able to fully use all of our existing services.

How do I verify my account?

A step-by-step guide to becoming a verified member can be found here.

Get verified

How much will each token be sold for?

Each token will be sold for 0.001 ETH.

What is the minimum investment?

During the Pre-sale, there will be a minimum investment of 50’000 CPay Tokens (50 ETH minimum pledge). During the sale to the general public, there will be a minimum investment of 40 CPay tokens per purchase (0.04 ETH minimum pledge).

What is the maximum amount of tokens available?

There will be a maximum (fixed limit) of 210,000 ETH worth of CPay tokens in the Cryptopay Initial Token Sale. The cumulative hard cap is the approximate ETH equivalent of the EUR 50 mln. funding which is needed for the execution of all three milestones specified. We will recalculate the hard cap in ETH according to the latest EUR/ETH exchange rate at the date of Pre-sale event.

How will the tokens be distributed?

Below is a chart of how CPay tokens will be distributed:

Pre-sale 23%
ICO 52%
Advisors and Partners 5%
Bounty program 5%
Foundation retention 10%
CPay team 5%

What are the bonuses for investors?

Pre-sale 25% Bonus
24 hours 10% Bonus
1st week 5% Bonus
2nd week 2.5% Bonus

For example, if you have committed to buy 100 CPAY tokens within the first 24 hours, you will receive 10 CPay tokens plus as a bonus, so 110 CPAY tokens as a total. Additional 5% bonus will be provided for current Cryptopay verified users during the Pre-sale and the ICO.

Can I invest with fiat currencies (USD, GBP, Euro)?

No, you are not able to at this time. However, you can exchange your fiat currencies to BTC/ETH within your Cryptopay account, and then invest with those currencies.

Can I invest if I am not in the EU?

You can invest from anywhere in the world, except if you’re a citizen, resident, or greencard holder of the United States of America, and if you’re a citizen or resident of the Republic of Singapore or Canada. Participation in the CPay ICO for Hong Kong and UK citizens or residents will be restricted to self-certified sophisticated investors only.

How and when can I withdraw tokens?

Once the ICO concludes on October 30th we would take some time to finalize all calculations and to distribute tokens to ICO participants, advisors, bounty program participants, etc. After that, you will be able to withdraw your CPAY tokens.
To do so, just enter your personal ETH wallet address to the corresponding field in the ICO profile tab. Once you’ve entered the address and clicked the "Send" button, you'll receive an email with a link to confirm your withdrawal.
Please note: You’re only able to withdraw all your tokens at once to only one ETH address. There is no option to divide tokens and withdraw them in parts.
Also, please keep in mind, you must be verified in order to withdraw your tokens.