HyperPayComparison
HyperPay vs. RedotPay
RedotPay locks you into custodial. HyperPay lets you pick custodial or self-custody, same card, same app.
The wallet is downloaded from our official download page — installers for Windows, macOS, and Linux.
Published · Updated · Reviewed by the HyperPay editorial team
Custodial-Only vs. Your Choice
HyperPay and RedotPay both issue prepaid cards funded with cryptocurrency, but their wallet architectures differ. RedotPay operates as a fully custodial platform, holding user keys on the user's behalf. HyperPay is a cryptocurrency wallet that combines custodial and self-custody modes in one account across mainstream public blockchains, alongside the HyperCard spending card, staking and collateralized lending. HyperPay has operated since 2017.
| HyperPay | RedotPay | |
|---|---|---|
| Self-custody option | Yes | No — fully custodial |
| Prepaid spending card | Yes — HyperCard | Yes, Visa network, 150+ countries |
| KYC requirement | No-KYC option available | Full KYC required |
| Conversion fee (approx.) | Shown in-app before you convert | ~2.2% total (reported) |
| Apple Pay support | No | Yes (restored Jan 2026) |
| Staking / loans built in | Yes | No |
| Funding / backing | Privately held; funding not publicly disclosed | Well-funded, Series B ~$107M, IPO trajectory reported |
Same promise, different architecture
RedotPay and HyperPay sell the same headline outcome: put crypto in, pay a merchant with a card, skip the bank. The difference shows up underneath. RedotPay is a custodial platform — the company holds the keys to everything in your account, and the card is the product the whole system is built around.
HyperPay treats the card as one feature of a wallet. The same account can hold assets custodially or in self-custody, stake idle balances, take a collateralized loan, and fund HyperCard from any of it. Nothing forces you into a single custody model, which is the core structural difference between the two products.
That distinction is not academic. It determines what happens if the provider suspends your account, what happens if you lose your credentials, and whether you can hold long-term savings in the same app you use to buy coffee.
Where RedotPay wins
RedotPay is well capitalised and moving fast. Reported Series B funding of roughly $107 million and an IPO trajectory give it resources HyperPay does not publicly claim, and that shows in card network reach — a Visa card issued across 150+ countries — and in the pace of feature releases.
It also currently beats HyperPay on two things users care about daily. Apple Pay support was restored in January 2026, so RedotPay balances can sit in a phone wallet and tap at a terminal; HyperPay has no Apple Pay support today. And its reported all-in conversion cost of roughly 2.2% is a published number, whereas HyperPay shows the applicable conversion fee in-app before you confirm rather than publishing a single headline rate.
- Apple Pay support (restored January 2026)
- Published ~2.2% total conversion cost
- Large disclosed funding and rapid card-network expansion
Where HyperPay wins
The self-custody option is the headline. On RedotPay, every asset is held by the platform; there is no mode where you control the private keys. HyperPay lets you choose per balance — keep spending money custodial for convenience and hold savings in self-custody, in the same application, with a HyperMate hardware wallet in front of it if you want key material off the device entirely.
KYC flexibility is the second difference. RedotPay requires full identity verification. HyperPay offers a no-KYC card tier, with the exact verification requirements and spending limits shown in the app before you apply, which vary by tier and region.
Third, HyperPay is a wallet with financial services attached: staking with flexible and fixed terms, and collateralized crypto loans. RedotPay does not offer those natively, so earning yield on a balance means moving it somewhere else first.
Track record and audits
HyperPay has been operating since 2017 and has no publicly reported major security incident across that period. Its code has been audited by two independent security firms, SlowMist and CertiK, and custodial assets are managed through HyperBC's institutional custody infrastructure.
For a custodial-only platform like RedotPay, provider risk is the whole risk: if the account is frozen or the company fails, there is no user-held key to fall back on. That is not a prediction about RedotPay specifically — it is a structural property of custodial-only products, and it is the main reason to care whether a self-custody mode exists at all.
Which one should you choose
Choose RedotPay if Apple Pay and a published, predictable conversion rate are the deciding factors, and you are comfortable with a fully custodial account and full KYC.
Choose HyperPay if you want the card without giving up the option to hold your own keys, want a no-KYC tier, or want staking and lending in the same place your spending balance lives. If you already hold significant crypto long term, the custody choice usually outweighs the fee difference.
Where this fits
Cards are one part of the comparison; the HyperPay crypto wallet overview covers custody, swaps and staking, which is where the two products diverge most.
To try it against your own spending, download HyperPay from the official download page. Card, KYC and fee questions are answered in the HyperPay wallet FAQ.