One Pay Crypto: Your Essential Guide to Simple Digital Trading
Cryptocurrency trading just got simpler with One Pay Crypto, a feature that allows you to buy, sell, and hold digital currencies directly within your One Pay app. Many financial platforms make cryptocurrency seem complicated, but we’ve designed our system to integrate seamlessly with the banking services you already use.
OnePay Crypto operates through a cashless model that connects to your existing OnePay Cash account. When you’re ready to explore the world of digital currencies, you can purchase Bitcoin (BTC) and Ethereum (ETH) using either your OnePay Cash balance or a linked debit card. As a Walmart-backed financial technology company, OnePay walmart has been methodically expanding its services, with cryptocurrency trading being the latest addition to its growing suite of financial products. However, we believe it’s important to acknowledge that trading cryptocurrency comes with risks. Specifically, it’s highly speculative and involves the potential for losing your investment.
In this guide, we’ll walk you through everything you need to know about OnePay Crypto—from setting up your account to executing your first trade. Additionally, we’ll cover important considerations about risks, limits, and security measures to help you make informed decisions as you begin your cryptocurrency journey with us.
Getting Started with OnePay Crypto
The financial landscape is evolving rapidly with OnePay Crypto leading the charge as Walmart’s entry into the digital currency arena. Let me walk you through what this service offers and how it fits into your financial toolkit.
What is OnePay Crypto?
OnePay Crypto is a dedicated feature that lets you buy, sell, and hold cryptocurrency directly in the OnePay app. Essentially, it’s designed to make cryptocurrency accessible to everyday users by integrating it with the financial services you’re already using. This service is powered by Zero Hash LLC and Zero Hash Liquidity Services LLC through an agreement with OneProgress Assets LLC.
How it works with your OnePay Cash account
OnePay Crypto operates on a cashless model that connects seamlessly with your existing OnePay Cash account. First of all, you need an active OnePay Cash account to open a Crypto account. All crypto buy orders are funded directly from your OnePay Cash account, and whenever you sell crypto, the proceeds are automatically deposited into your OnePay Cash Debit balance. This integration creates a frictionless experience—no separate accounts to manage or complicated transfers to navigate.
Supported cryptocurrencies: Bitcoin and Ethereum
Currently, OnePay Crypto supports two major cryptocurrencies: Bitcoin (BTC) and Ethereum (ETH). You can start investing with as little as $1, making it accessible regardless of your budget. Moreover, the platform allows you to trade these cryptocurrencies around the clock since the crypto market operates 24/7.
Why OnePay Walmart integration matters
The OnePay app is deeply integrated into Walmart’s checkout system, creating significant practical advantages. This integration means:
- You can potentially convert crypto balances to pay for goods or settle credit card debt
- The app is accessible to the 150 million Americans who shop at Walmart every week
- OnePay’s app ranks fifth on Apple’s app store for free finance apps, ahead of larger companies like JPMorgan Chase, Robinhood, and Chime
Founded by Walmart and Ribbit Capital in 2021, OnePay has been methodically adding new products in its quest to become an “everything app” for digital finance. As a result, it now offers high-yield savings accounts, credit and debit cards, loans, and wireless plans alongside its newest crypto feature.
How to Open and Manage Your Crypto Account
Setting up a OnePay Crypto account requires meeting specific eligibility criteria and following a straightforward process. I’ll walk you through everything you need to know about opening and managing your crypto trading journey with OnePay.
Eligibility requirements and supported locations
Firstly, to open a OnePay Crypto account, you must:
- Be 18 years or older
- Have an active OnePay Cash account
- Possess a valid Social Security Number (SSN) – ITINs are not accepted
- Live in a supported U.S. territory
Unfortunately, OnePay Crypto isn’t available everywhere. The service doesn’t support residents of:
- U.S. Virgin Islands
- American Samoa
- Guam
- Northern Mariana Islands
ZeroHash, OnePay’s crypto partner, also maintains a list of restricted international jurisdictions where trading is not permitted.
Step-by-step guide to opening a OnePay Crypto account
To start your OnePay Crypto journey:
- Open the OnePay app
- Select Crypto from the Home tab
- Follow the on-screen instructions to complete your application
Afterward, the system will verify your identity using third-party data sources to comply with financial regulations.
Why you need a OnePay Cash account
A OnePay Cash account is absolutely essential because:
- It provides the funds needed to buy cryptocurrency
- All crypto purchases are paid for directly from this account
- Without it, you cannot execute any trades
Your OnePay Cash account creates a seamless connection between traditional banking and crypto trading under one app.
Common reasons for application rejection
Applications are typically declined due to:
- Identity verification issues – when your SSN or government ID can’t be confirmed
- Ineligibility – not meeting age requirements, lacking a valid SSN, or residing in unsupported locations
- Regulatory restrictions based on compliance policies
How to close your crypto account
Finally, to close your OnePay Crypto account:
- You must first sell all cryptocurrency holdings
- Once your crypto balance is zero, contact Customer Support via chat or call 1 (855) 830-6200
- Be aware that once closed, you cannot open another OnePay Crypto account
Remember that cryptocurrency investments involve market and volatility risks, so maintain careful oversight of your account once it’s established.
Using OnePay Crypto for Trading
Trading digital currencies through OnePay Crypto is designed to be uncomplicated, even for those new to cryptocurrency. The platform offers straightforward tools to buy, sell, and manage your digital assets.
How to buy and sell crypto in the app
Buying or selling cryptocurrency on OnePay is remarkably simple. Initially, open the OnePay app, select Crypto from the Home tab, choose either Bitcoin or Ethereum, then tap Buy or Sell. Enter the dollar amount (minimum $1.00) and follow the on-screen prompts. Each transaction includes a fee displayed on the confirmation screen before submission, plus a potential spread (0-1%) included in the quoted price.
Setting up recurring purchases
To automate your crypto investments, OnePay offers recurring buys on daily, weekly, bi-weekly, or monthly schedules. To set this up:
- Open the OnePay app and select Crypto
- Choose Bitcoin or Ethereum and tap Buy
- Select the Recurring option during checkout
You can manage these automatic purchases anytime through Settings > Recurring Buys.
What happens if you don’t have enough funds
If your Cash balance is insufficient for a purchase, you’ll be prompted to link a debit card or add funds to your account. For recurring buys, insufficient funds will cause that specific purchase to be skipped. After four consecutive cancelations, your recurring investment will automatically terminate.
How fast are trades executed?
Once submitted, crypto orders execute promptly—even during nights, weekends, and holidays. In rare circumstances, orders may show as pending if they can’t be fulfilled instantly, eventually either completing or canceling.
Where your sale proceeds go
After selling cryptocurrency, the funds automatically transfer to your OnePay Cash debit balance—no manual withdrawal needed. These proceeds become available shortly after execution, typically without holding periods.
How to view your transaction history
To review your crypto trading activity, access the app’s Crypto section from the Home tab, then tap Settings followed by Transaction history. This displays all your crypto trades, including dates, amounts, and transaction types.
Risks, Limits, and Security Considerations
While OnePay Crypto offers convenient access to digital currencies, understanding the inherent risks is crucial for making informed decisions.
Market and volatility risks
Investing in cryptocurrency involves substantial risk. The value of Bitcoin and Ethereum can rise or fall dramatically based on market activity and global economic events. Unlike traditional investments, cryptocurrencies are not insured by the FDIC, SPIC, or any Federal Government Agency. Consequently, you could potentially lose your entire investment.
Technology and security risks
OnePay protects data with 256-bit AES level encryption and requires multi-factor authentication. Nevertheless, crypto trading depends on technology, making it vulnerable to outages, cyberattacks, or system disruptions that could affect access or execution.
Regulatory and compliance risks
Changes in government regulations or laws may impact cryptocurrency trading or availability. Furthermore, OnePay must comply with various financial regulations, which explains certain account restrictions.
Transaction limits and fraud prevention
To maintain security, OnePay implements limits on certain crypto transactions. These limits vary based on transaction type, size, and account age as part of fraud prevention efforts.
Why you can’t transfer to external wallets
Unlike some platforms, OnePay Crypto doesn’t support transfers to or from external digital wallets. To use funds from your crypto holdings, you must first sell it, after which the cash will be added to your OnePay Cash Debit balance.
Conclusion
OnePay Crypto represents a significant step forward in making cryptocurrency accessible to everyday users. Throughout this guide, we’ve seen how the platform simplifies digital currency trading by integrating it seamlessly with your existing OnePay Cash account. Most importantly, the ability to buy Bitcoin and Ethereum with as little as $1 opens the door for anyone curious about crypto investing, regardless of budget constraints.
Nevertheless, cryptocurrency trading carries substantial risks that you should carefully consider. The value of digital currencies can fluctuate dramatically, and unlike traditional bank deposits, your crypto investments aren’t protected by FDIC insurance. Therefore, you should only invest what you can afford to lose and approach this asset class with appropriate caution.
The Walmart integration gives OnePay Crypto a unique advantage in the crowded cryptocurrency marketplace. Given Walmart’s massive customer base of 150 million weekly shoppers, this service has positioned itself to potentially become a mainstream gateway to digital currency adoption. Additionally, the 24/7 trading capability aligns perfectly with cryptocurrency’s round-the-clock nature.
Security remains paramount when dealing with digital assets. Accordingly, OnePay’s implementation of 256-bit AES encryption and multi-factor authentication provides essential protection for your investments. Though you can’t transfer crypto to external wallets, this limitation actually serves as an additional security layer for less experienced users.
OnePay Crypto ultimately strikes a balance between simplicity and functionality. While it doesn’t offer the extensive cryptocurrency selection or advanced trading features found on specialized exchanges, it excels at what it aims to do – provide straightforward crypto access within a familiar banking app. For Walmart shoppers and existing OnePay users especially, this integration creates a natural pathway to explore digital currencies without navigating complex external platforms.
Before diving into cryptocurrency trading, take time to understand both the potential and the pitfalls. Start small, learn as you go, and remember that cryptocurrency should typically represent just one part of a broader, diversified financial strategy. With the right approach, OnePay Crypto can serve as your straightforward entry point into the evolving world of digital assets.
Key Takeaways
OnePay Crypto simplifies cryptocurrency trading by integrating Bitcoin and Ethereum purchases directly into your existing OnePay Cash account, making digital currency accessible to everyday users.
• Start small with minimal investment: Trade Bitcoin and Ethereum with as little as $1, making crypto accessible regardless of your budget or experience level.
• Seamless Walmart integration advantage: OnePay’s connection to Walmart’s 150 million weekly shoppers creates a unique mainstream gateway for crypto adoption.
• Understand significant investment risks: Cryptocurrency values fluctuate dramatically and aren’t FDIC-insured, so only invest what you can afford to lose completely.
• Account requirements are specific: You must be 18+, have a valid SSN, live in supported U.S. territories, and maintain an active OnePay Cash account.
• Security comes with limitations: While 256-bit encryption protects your investments, you cannot transfer crypto to external wallets—all transactions stay within the OnePay ecosystem.
OnePay Crypto excels at providing straightforward crypto access within a familiar banking app, though it lacks the extensive features of specialized exchanges. For existing OnePay users, this represents a natural pathway to explore digital currencies without navigating complex external platforms.
FAQs
Q1. What is OnePay Crypto and how does it work? OnePay Crypto is a feature that allows you to buy, sell, and hold Bitcoin and Ethereum directly within the OnePay app. It operates through a cashless model connected to your OnePay Cash account, making cryptocurrency trading accessible and seamless for everyday users.
Q2. How much money do I need to start trading on OnePay Crypto? You can start investing in cryptocurrency on OnePay Crypto with as little as $1. This low entry point makes it accessible to users regardless of their budget, allowing anyone to explore digital currency trading.
Q3. Is OnePay Crypto available everywhere in the United States? OnePay Crypto is available in most U.S. territories, but it doesn’t support residents of U.S. Virgin Islands, American Samoa, Guam, and Northern Mariana Islands. Eligibility also requires users to be 18 or older and have a valid Social Security Number.
Q4. How quickly are crypto trades executed on OnePay? Once submitted, crypto orders on OnePay are typically executed promptly, even during nights, weekends, and holidays. However, in rare circumstances, orders may show as pending if they can’t be fulfilled instantly. Q5. What are the main risks associated with trading on OnePay Crypto? The primary risks include market volatility, potential loss of investment, and lack of FDIC insurance. Cryptocurrency values can fluctuate dramatically, and there’s a possibility of losing your entire investment. Additionally, crypto investments on OnePay are not insured by any federal government agency.