<p>Bitpay is likely holding this bitcoin for you, so you legally own it, but it Is controlled by a custodian. The price of Bitcoin is simply the price you can currently sell that bitcoin for on the market.</p>
<p>If you want to fully own and custody your bitcoin, as you should once you're ready, you should withdraw the bitcoin to a personal wallet like Wasabi or Electrum, so that you no longer have to trust BitPay.</p>

CC BY-SA 4.0
2021-01-05T21:08:54.103Z
This is all true, but I don't think this answers the question.
Pieter Wuille
CC BY-SA 4.0
2021-01-05T21:13:33.710Z
honestly, the question makes no sense to me. I think they were confused after hearing "not your keys, not your coins" or something like that.
Sachin Meier
CC BY-SA 4.0
2021-01-05T20:55:00.057Z
2021-01-05T20:55:00.057Z
Sachin Meier
<p>Just need to know the difference between the two and what’s the difference between the BitPay wallet and regular bitcoin</p>

CC BY-SA 4.0
2021-01-05T20:19:33.110Z
This is very hard to answer without knowing what you see. 1 BTC = 1 BTC, and its current price is indeed around 33000 USD per BTC. Possibly the site is showing mBTC (millibitcoin; 1 BTC = 1000 mBTC), or you're talking about one of the scammy bitcoin clones (which typically will have different symbols than BTC).
Pieter Wuille
CC BY-SA 4.0
2021-06-07T13:18:00.517Z
Does this answer your question? [What kinds of wallets are there?](https://bitcoin.stackexchange.com/questions/81240/what-kinds-of-wallets-are-there) "Regular bitcoin" is "stored in" a regular wallet (non-custodial AKA self-custodial)
RedGrittyBrick
<bitcoin-core><bitcoind><wallet><bitcoin-wallet-app><bitpay>
What’s the difference between a Bitpay wallet and a regular bitcoin
Moe
# What’s the difference between a Bitpay wallet and a regular bitcoin

(Asked by: username_0 on 2021-01-05)

Just need to know the difference between the two and what’s the difference between the BitPay wallet and regular bitcoin

**Tags:** bitcoin-core, bitcoind, wallet, bitcoin-wallet-app, bitpay

> **Comments:**
> **username_1**: This is very hard to answer without knowing what you see. 1 BTC = 1 BTC, and its current price is indeed around 33000 USD per BTC. Possibly the site is showing mBTC (millibitcoin; 1 BTC = 1000 mBTC), or you're talking about one of the scammy bitcoin clones (which typically will have different symbols than BTC).  
> **username_2**: Does this answer your question? [What kinds of wallets are there?](https://bitcoin.stackexchange.com/questions/81240/what-kinds-of-wallets-are-there) "Regular bitcoin" is "stored in" a regular wallet (non-custodial AKA self-custodial)  

---

## 1 answers

### Answer by username_3 on 2021-01-05. Score: 1

Bitpay is likely holding this bitcoin for you, so you legally own it, but it Is controlled by a custodian. The price of Bitcoin is simply the price you can currently sell that bitcoin for on the market.

If you want to fully own and custody your bitcoin, as you should once you're ready, you should withdraw the bitcoin to a personal wallet like Wasabi or Electrum, so that you no longer have to trust BitPay.

> **Comments:**
> **username_1**: This is all true, but I don't think this answers the question.  
> **username_3**: honestly, the question makes no sense to me. I think they were confused after hearing "not your keys, not your coins" or something like that.  

---

