Fold

Fold is a US-focused bitcoin personal-finance service built around a Fold account, a Visa prepaid debit card and separate bitcoin exchange services. Its core card spends loaded US dollars, while bitcoin buying, transfers and withdrawal use the linked Exchange Account.

A prepaid USD card, not a bitcoin debit card

The Fold Visa Prepaid Debit Card is issued by Sutton Bank and runs on Visa, with Marqeta as programme manager. Purchases reduce the USD available in the prepaid Card Account, subject to authorisation holds and transaction limits. It has no overdraft or pay-later feature, and it does not directly spend bitcoin.

Eligible users can link a personal US bank account for ACH loading and returning unused funds. Direct deposit and external debit-card loading are additional ways to replenish the prepaid balance. Qualifying USD balances are described as eligible for pass-through FDIC insurance when the required conditions apply; the card remains neither a checking nor savings account and pays no interest.

Fiat spending feeds a separate bitcoin account

Fold’s Exchange Account is separately registered and operated through BitGo Bank and Trust and BitGo Prime. A card-funded bitcoin purchase charges the prepaid card in USD, then the exchange service handles the bitcoin side. That separation also applies to external-wallet withdrawals, which can involve a quoted spread, transaction fees and a variable network fee.

Auto-Stack uses the prepaid balance for recurring bitcoin purchases. Direct to Bitcoin directs a chosen portion of a direct deposit or linked-account transfer into bitcoin while the remainder reaches the card as USD. Round-ups stay in the card balance until a threshold triggers a bitcoin purchase. Push to Card moves or converts Exchange Account value to fund the prepaid card rather than turning the Visa card into a direct bitcoin-spending card.

Rewards and eligibility shape the service

Bitcoin rewards link everyday fiat card activity to accumulation, alongside recurring purchases and deposit allocation. Gift cards are a separate app product issued by third-party vendors, so they are neither card loads nor bitcoin withdrawals. Fold also has an employer Bitcoin Employee Bonus Program with its own custody and vesting arrangement.

The service is generally for verified US citizens or lawful permanent residents aged 18 or over who primarily live in a state or the District of Columbia and have a valid US Social Security number. Within those eligibility limits, Fold combines a loaded-USD Visa card with recurring purchases, deposit allocation and bitcoin transfers through its separate Exchange Account.