Best For

  • Online Shoppers
  • In-store Shoppers
  • Users New to Bitcoin

Fold App is a mobile app and web service that enables shoppers to earn Bitcoin (BTC) rewards through gift card purchases at partner merchant websites and physical stores. Fold App is available globally, but most partner merchants currently limit eligibility to United States residents.

Fold App Bitcoin Rewards - 2020 Comprehensive Review

Overall Score:

Ease of Use:
8.5 of 10
8.5 of 10
Device Support:
8 of 10
Available Merchants:
7 of 10
Global Availability:
6 of 10
10 of 10

Fold App Bitcoin Rewards Overview

Reward Currnecy BTC
Reward Application Type Gift Cards
Top Merchants Amazon, Starbucks, Uber,, Burger King, Chipotle
US Customers Yes
Reward Lock-In Immediate Distribution
Minimum Payout No Minimum
Supported Browsers & Devices iOS, Android
Mobile App Yes
Merchants Supported 30+
Shopping Options Online, In-Store
Available Regions US & Limited MX, CA, AU, & UK
Referral System Yes
Promotions Prize Wheel Bitcoin Giveaway and Referral Program

*Partner merchant availability is limited in these regions.

How Does Fold App Work?

Fold App partners with popular merchants to enable users to earn Bitcoin (BTC) rewards by purchasing gift cards that can be used at a participating merchant’s website or physical store.

The rewards process works as follows:

  1. Fold App may be accessed in two ways. You may access the Fold App via the web browser, or download the Fold mobile app for iOS or Android.
  2. Create a Fold App account via your web browser or mobile device. You can register using your email address or by connecting an existing Facebook or Twitter account. There is also an option to ‘proceed anonymously’; if selected, you may earn Bitcoin (BTC) rewards without having to input any personal information.
  3. Go to or navigate to your mobile app home screen to find a full list of participating merchants.
  4. Select a merchant from the list by clicking on the corresponding merchant link.
  5. Fold App will then direct you to that specific merchant’s screen. On this screen, there are several gift card options to choose from. For example, Starbucks allows you to purchase gift cards worth $10, $25, $50, or $100. You also have the option to send someone a gift card directly by inputting their Twitter username.
  6. Web app users can purchase gift cards with Bitcoin (BTC) via a normal on-chain transaction or through using the Lightning Network. Mobile app users have the option to purchase gift cards with Bitcoin (BTC) via the Lightning Network, or may pay with USD by linking an external debit/credit card.
  7. If you select Bitcoin (BTC) as your payment method, you will have 20 minutes to complete the gift card purchase at a locked-in exchange rate. If you fail to make the purchase within this time frame, you will pay using the latest exchange rate.
  8. After your gift card purchase is complete, Fold App will immediately distribute the Bitcoin (BTC) rewards to your account.

Withdrawing Rewards from Fold App

Fold App does not have a minimum withdrawal requirement and doesn’t charge any extra fees to withdraw funds to an external Bitcoin (BTC) wallet.

The withdrawal process is not immediate. Fold App currently processes withdrawal requests every Tuesday evening Eastern Time (ET). Once Fold App prepares to initiate its weekly withdrawals, your withdrawal status will change to "locked". When the Bitcoin (BTC) withdrawal is initiated, your withdrawal status will become "finalized".

It usually takes a few minutes for the transaction to be fully processed on the Bitcoin network before funds appear in your external Bitcoin wallet.

Fold App Benefits & Rewards

Fold App's rewards rates are determined by each partner merchant and can vary greatly.

These rates usually range anywhere from 1% to 20%, with popular merchants typically offering somewhere between 4% and 8%.

It’s important to note that most merchants have limited regional availability, meaning that you won’t earn Bitcoin (BTC) rewards for purchases made in excluded regions. For example, Amazon only allows US residents to earn rewards for shopping on

As noted in the table below, Starbucks is an example of a popular merchant that allows users from a variety of regions to earn rewards on gift card purchases.

You will also notice that purchasing a gift card with Bitcoin (BTC) yields higher rewards than making a purchase with a debit/credit card. The reasoning for this is straightforward: Fold App is required to pay high processing fees for debit/credit card purchases. Bitcoin (BTC) payments made on-chain or via the Lightning Network are processed at much lower costs.

Referrals & Special Promotions

Users can earn additional Bitcoin (BTC) rewards by participating in the ‘Spin for Sats’ feature on the iOS or Android mobile app. Each user may spin daily for a chance to win free Sats, exclusive deals, and mystery prizes.

If a friend signs up for Fold App using your referral link, that friend will receive 20,000 Satoshis (0.0002 BTC), and you will be placed higher on the Fold Rewards Card waitlist.

As compared to other Bitcoin rewards providers like Lolli, Fold's referral incentives are below average.

Top Merchants Rewards Rates

MerchantBitcoin RewardsReward DetailsAvailable Countries
Amazon4%$25-$200 gift cardsUS
Hotels.com6%$100 - $250 Gift Cards.US
Macy's8%$25 - $200 Gift Cards. Get Rewards back instantly. US

*Only one gift card may be redeemed per hotel booking on the US site. Gift cards are not valid for flights or packages.


Rewards Withdrawal


Minimum Withdrawal

No Minimum

Bitcoin Withdrawal Fee

No Fee

USD Withdrawal Fee

Not Supported

Fold App Alternatives

Best Fashion RewardsMacy's 8%Macy's 4.5%Nike 6%, Macy's 5%
Best Travel 6%Expedia 5%Airbnb 1%
Best Shopping RewardsAmazon 4%Target 3%, Sam's Club 9%Overstock 4%
Reward Program TypeGift CardsOnline RebatesGift Cards
Reward Lock PeriodImmediate Distribution30-90 daysImmediate Distribution
Mobile AppYesNoYes
Learn MoreReviewReviewReview

Pros and Cons


  • Online & In-store Availability - Several partner merchants allow Fold App users to earn rewards through both online and in-store purchases.
  • Anonymous Accounts - Users who wish to protect their personal information can choose to create anonymous accounts that do not require email signup or identity verification.
  • No Rewards Lockups - Rewards are distributed to users immediately after each gift card purchase is complete.
  • Payment Method Flexibility - Users have the option to purchase gift cards with an external debit/credit card or Bitcoin (BTC).
  • Promotional Rewards - Fold App allows mobile app users to earn additional Bitcoin (BTC) rewards daily via the ‘Spin for Sats’ promotion.
  • Partner Merchants - Fold App is partnered with reputable, popular name-brand merchants across several major retail categories.
  • Device Accessibility - Fold App may be accessed through all web browsers. Users can also purchase gift cards through Fold's user-friendly mobile application, available for iOS and Android.
  • Lightning Network Support - Users have the option to quickly complete gift card purchases with fewer network fees by sending Bitcoin (BTC) payments via the Lightning Network.


  • Regional Availability - Most partner merchants restrict purchase eligibility to US resident.
  • Fixed Dollar Amounts - Users can only purchase gift cards containing fixed dollar amounts. For example, Amazon gift cards are limited to $25, $50, $100, and $200 per gift card.
  • Withdrawal Delays - Fold App only processes Bitcoin (BTC) withdrawal requests on Tuesday evenings Eastern Time (ET).
  • Referral Incentives - The referral program doesn’t offer any Bitcoin (BTC) rewards to users who refer others through their referral system.

Frequently Asked Questions

Is Fold App available to United States residents?

How long do I have to wait before receiving my rewards?

Does Fold App have an affiliate program or referral system?

Is there a minimum withdrawal amount for each rewards payout?

Does Fold App charge fees when I withdraw my rewards?

Terms to Know

Partner Merchant

A merchant who agrees to offer rewards to customers who purchase gift cards using Fold App.

Lightning Network

A payment solution that enables two parties to quickly complete Bitcoin (BTC) transactions with minimal fees. Fold App allows users to purchase gift cards via the Lightning Network.


A Satoshi, also known as a ‘Sat’, is the smallest unit of Bitcoin. 1 Satoshi is equal to 0.00000001 BTC. With Fold App, accumulated Bitcoin (BTC) rewards are denominated in Satoshis.

Spin for Sats

Mobile app users can participate in Fold App’s ‘Spin for Sats’ loyalty promotion. Each user is able to spin the wheel once a day to win free Sats, exclusive deals, and mystery prizes.

Anonymous Accounts

Fold App offers users the option to use the app anonymously. After creating an anonymous account, a random username is generated rather than an email login. Users who want to remain anonymous are required to purchase gift cards with Bitcoin (BTC) rather than a debit/credit card.

Conclusion: Is Fold App Worth It?

Fold App offers a smooth, simple solution for those wanting to earn Bitcoin (BTC) rewards on gift card purchases. The company appears to be committed to offering competitive rewards, adding popular merchants, and expanding availability to new regions.

The Benefits:

  • In-Store Purchases - Several partner merchants allow Fold App users to redeem gift cards at in-store locations, which isn’t commonly offered by popular Bitcoin rewards programs.
  • Mainstream Merchants - Fold App has partnered with well-known merchants in a wide range of industries. Amazon, Starbucks, Uber,, and Chipotle are just a few examples.
  • Data Privacy - There is no requirement for users to share any personal information when creating an account or making a purchase.
  • Immediate Rewards Payouts - Fold App distributes Bitcoin (BTC) rewards to user accounts as soon as each gift card purchase is processed.
  • Flexible Payment Options - Users have the option to purchase gift cards through external debit/credit cards or Bitcoin (BTC).
  • Promotions - Through the 'Spin for Sats' promotion, mobile app users may spin the wheel daily for a chance to earn additional Bitcoin (BTC) rewards or other prizes.
  • Mobile App Support - Fold App is available on both iOS and Android devices.

The Drawbacks:

  • Regional Exclusions - Most of Fold App’s partner merchants only allow US-based users to earn Bitcoin (BTC) rewards on gift card purchases.
  • Fixed Gift Card Amounts - Currently, users are only able to purchase gift cards featuring fixed dollar amounts.
  • Slow Withdrawal Process - Withdrawal requests for Bitcoin (BTC) rewards are only processed by Fold App on a weekly basis.

Immediate Bitcoin (BTC) rewards payouts, easy accessibility across devices, optional privacy, and a growing list of name-brand partner merchants make Fold App a viable option for those looking to earn Bitcoin rewards through gift card purchases.

Company Facts

Legal Name Fold, Inc.
Incorporated Country United States
Headquarters Atlanta, GA
Year Founded 2014
CEO Will Reeves
Total Employees 2-10
Regulators FTC Consumer Protection
Links Website, Twitter
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