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Fold App Review: Upgrade Your Online Shopping with Bitcoin

Online shopping has become more common in everybody’s lives and while it is nice to earn cashback on your spending, maybe you would like to earn Bitcoin instead of regular cash back? Introducing Fold, a shopping app for iOS and Android that allows you to earn cash back in Bitcoin on your online shopping. Not only that, but Fold offers Visa debit card that you can use at any merchant that accepts Visa and get crypto cash back on all your spending both online and in person!

If you are looking for an alternative to Lolli, or simply an additional way to earn Bitcoin, our Fold review will help you decide if it is something you should try.

Fold App Overview

Fold App logo

Fold App

  • A Bitcoin-based rewards app that utilizes Visa cards to incentivize users
  • Earn free Satoshi’s by spinning the Fold wheel
  • Gamified interface that gives users a chance to win 1 whole Bitcoin or 100% cashback on purchases
  • Exclusive Fold-branded Visa cards that offer a variety of perks
  • Gift cards that provide significant cashback in Bitcoin
Available on: iOS, Android
Different tiers of Visa cards: Intro ($0) and Premium ($150 a year)

Fold App Pros & Cons


  • Bitcoin back on all spending

  • Card accepted at all merchants that accept Visa

  • Daily prizes including a chance to win 1 Bitcoin

  • Bonus cashback at some merchants


  • Only available in US

  • Activation fee for both cards

What is Fold?

Fold is a shopping app for iOS and Android that rewards everyday spending in Bitcoin. You can sync your credit card or Bitcoin wallet and buy prepaid gift cards via Fold to get up to 20% cashback in Bitcoin instantly.

They now offer the Fold Card, a Bitcoin rewards Visa debit card. There is a premium plan for $150 USD a year or an Intro plan that is free. The premium card comes with increased rewards and reduced spin timers. You can spin the Fold daily spin wheel for free Satoshis. There is also a daily prize wheel. Fold is like a payment gateway without transaction fees and a rewards program without the privacy breaches.

What Are the Best Features of Fold?

Fold has some great features. Being able to get at least 1% Bitcoin back on all spending done through the Fold app or using the Fold Visa Debit card is great. There are daily spins that allow users to win prizes that can be Bitcoin, more spins or more. The Fold card being backed by Visa is the best feature overall because it allows you to earn cash back on almost all spending because Visa is accepted almost everywhere.

Is Fold Easy to Use?

Yes, Fold is very easy to use. Simply download the app for iOS or Android and you can start earning cash back right away. Once you have completed identity verification you can apply for the Fold Card.

Fold app is very much designed for crypto beginners so it’s actually a great gateway to the entire crypto ecosystem. That said, more serious crypto users may be turned off by the randomized rewards and want to opt for a card with a more stable rate of cashback such as the Visa Card or the BlockFi Card.

What is the Difference Between the Intro and Premium Plans?

There are a few differences between the Intro and Premium plans, most of which revolve around benefits. First off, the Intro card costs $21 to activate, but is free to use after that, while the Premium card costs $150 per year but has no activation fee.

The available prizes for the daily spins are different for Intro and Premium and you also get extra weekly spins with the Premium card. The cash back amount for regular merchants is the same between both card types at 1%. Both cards can be worthwhile regardless of whether you shop regularly at the merchants with boosted cash back.

Potential Dealbreakers

The only potential dealbreakers for using the Fold App and Visa Debit card are that it is only available in the United States and there is a cost for using either card either in the form of the activation fee or the yearly premium plan cost.

Fold App Frequently Asked Questions

Fold and Cash App are similar, but Fold could be considered better because it gives you cash back while Cash App does not. In addition, Fold gives Bitcoin cash back and while you can buy, sell, and hold Bitcoin on Cash App, you have to purchase it yourself, it is not given to you on all your spending. Cash App is better for sending money to family and friends but Fold is likely a better app for cashback rewards.

Yes, Fold has a credit card!

If you win a whole Bitcoin from one of your spins then you could definitely be richer than you were, but Fold is an app that rewards you for spending, so the more you are earning the more you are probably spending, not a formula to make you rich. If you hold all your Bitcoin rewards they could certainly be worth a lot more in the not too distant future.

Yes! Fold gives Bitcoin away in two ways. You earn Bitcoin cash back on all your spending through Fold and you can spin the wheel to earn prizes in the form of Bitcoin, as much as one whole Bitcoin is a potential prize!

Fold is currently only available in the USA.

The process for buying gift cards is quite simple and the bonus cash back for buying an Amazon gift card through them likely makes the potential hassle a moot point.

Yes, Fold is safe. Fold combines Bitcoin, Lightning Network, prepaid cards and other privacy features to ensure your personal information, payment details and transaction data is kept private. They are registered with the FDIC and their partner bank Sutton Bank, meaning all user accounts are insured for up $250,000 upon registering an account with Fold

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About the Author

Evan Jones

Evan Jones was introduced to cryptocurrency by fellow CryptoVantage contributor Keegan Francis in 2017 and was immediately intrigued by the use cases of many Ethereum-based cryptos. He bought his first hardware wallet shortly thereafter. He has a keen and vested interest in cryptos involving decentralized backend exchanges, payment processing, and power-sharing.

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