Bitcoin debit cards are something new in the debit/credit cards world, its a great integration between regular fiat to Bitcoin. You can load the Bitcoin debit card with your bitcoins, the provider will take its fee, then you will convert the bitcoin to fiat currency (GBP, USD, EUR or any other currency) again, another fee will then take place (each card with his specific fees, check the table bellow for more information), and you can use your Bitcoin debit card immediately, withdraw money or pay for anything you like. Usually its Visa the main providers.
The Bitcoin debit cards can be only online debit card (you will get online debit card number, expiry date etc.), or (and) Bitcoin plastic debit card. Buying bitcoins with a debit card is incredibly easy.
Also Read:- How To Buy Bitcoins With Credit Card In India
While Bitcoin debit cards do not allow users to spend bitcoins directly they at least allow people to store balances in bitcoin. Since most debit card top ups only take a few seconds to confirm then bitcoin balances can be held up until the need to spend.
That’s why today we are going to discuss such Bitcoin debit cards services which allow you to spend your bitcoins easily, even if a merchant doesn’t accept bitcoins.
Among all the best-known bitcoin debit cards in the world, Wirex is the well know and the trusted card of all individuals. Customers get free virtual VISA and charming elegant look at the card they use. It’s a card where an individual will get both in digital and traditional form.
It is the inexpensive form of a transaction. To issue this card instantly one does not need to submit any documents or get verified. Only they need to register themselves, which is a stress-free process. This card is accepted all over the world. The transaction is free of cost.
It’s an easy way to use in one’s bitcoin sphere. This is the most stress-free way to use bitcoin network. It helps the user to use all the profits of the wallet. It also protects the customers from market variability and cash interpretation. An individual need to register themselves, which hardly takes a minute or so.
All they need to do is, add their bank information and confirm personality to start a transaction. There is only 1% transaction charge. For every individual who is using Cryptopay, the transaction of money or holding money gets very easy. For traders, it has made easy for online as well as offline transaction.
Xapo was one of the first companies to supply a Bitcoin debit cards. Just like Bitpay it offer a “simple” credit card that does not have a chip & pin mechanism. The cost of the card is $20 and it does have an annual fee of $12/year after the first year.
Xapo ships their card worldwide according to their site. Also their card actually has a “change pin” fee which seems pretty odd IMO. You will be able to use the card without extensive verification but you will be limited to $2500. Once ordered, the card takes 10-25 days to be delivered. It debits funds directly from your Xapo web wallet.
Uniquid is a multi-cryptocurrency USD debit card. It costs $16.99 and has a 3% foreign currency conversion cost. Uniquid allows users to top up their cards with many cryptocurrencies, including Bitcoin, Ethereum, Ethereum Classic, and even Zcash. Users can also top up their cards with Paysafecard or bank transfers.
The card is subject to the standard set of fees such as an annual fee which is currently $1 and Domestic ATM withdrawals are $2.50.
The Uquid Bitcoin debit card can be loaded through several methods. Bank wire transfers are available for customers who can verify their identities. For anonymous usage, clients can opt for top ups with Paysafecards, bitcoins, any of the 40 other altcoins. They accept alternative payment service providers as well, like Alipay, CashU and 17 other payment provider which operates in different countries.
Get latest Bitcoin news and updates on KryptoMoney.com
Rohit Kukreja
Rohit Kukreja is a Commerce graduate with Financial Markets expertise involving Stocks, Forex, Futures & Options Market and now Bitcoins & Cryptocurrency Markets. Blockchain Enthusiast but not a techie, Rohit is an active member of various Blockchain & Crypto communities all over India.
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.
