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Card Review: Centra Bitcoin Debit
The debit card for Bitcoin is the trend of the last few years. Such means for storing cryptocurrencies are not very popular, but some users, nevertheless, prefer to keep their digital coins on their usual piece of plastic. In this article, we will talk about one exact bitcoin debit card that we think is worthy.
The bitcoin debit card issued by the Centra exchange currently supports most popular cryptocurrencies and among them Bitcoin, Litecoin, Ethereum, ERC20, Ripple, and Dash. The Centra card allows users to spend their money in real time with a 0% exchange. Centra Tech has individual licenses in 38 states: Alabama, Mississippi, Nevada, Nebraska, Rhode Island, South Dakota, Tennessee, Texas, Vermont, Virginia, Washington, West Virginia, and other states.
Wallet of card
Of course, the debit card comes with its own crypto wallet called Centra Smart Wallet. Wallet allows not only to store whatever cryptocurrency user may have but also allows its users to register for Centra debit cards.
You can also use the application to perform normal banking functions – for example, turn on and off your card, for this you do not even have to spend your precious time going to the bank. Or you can use the app to send money in more than 5 currencies in more than 100 countries without any fees. There are no fluctuations in interbank exchange rates or excessive fees. All funds stored in your Centra wallet are safe, protected and protected against theft, hackers and scammers.
Transaction fees
As many other cards on the market Centera card has some fee that company charges for different reasons. The cost of card activation is $ 20. The annual fee for each card varies from $50 in the CTR for the Blue version to $500 in the CTR for the Black version. Also, a fee of $2.50 is charged when withdrawing USD from ATMs and $1.00% + $3.00 for withdrawing other currencies. Commissions for making purchases and exchange operations for all three cards are 0%.
Mobile app
In bundle with the wallet Centra’s ecosystem contains a mobile where users can find many useful information and functions. First and the main function is checking the balance online and sending and receiving funds. Also, it has some security features for example in case of loss of card itself users can disable the card from the mobile app.
Types of cards
Unlike other cards, the company decided to issue one regular (blue cards) and two premium cards (gold and black). You do not need anything special for getting blue, but premium cards are available only to the company’s investors. If you are a holder of a Centra Black or Gold card, then these restrictions increase.
Centra Black has a spending limit of $ 100,000 per day, for example, a cash withdrawal limit of $ 5,000 and a 2% reward for a token for each purchase.
The gold card has a spending limit of $ 50,000, a cash withdrawal limit of $ 2,000, and 1.25% remuneration for each purchase.
First of all, you need to register a wallet where you will store Bitcoins. After registration, you need to set up a security system for your wallet, linking mail and a phone number to it. In this case, even if someone steals your password, he most likely will not be able to get into the wallet: to enter, he will need to follow the link in the email and/or enter the code received via SMS. Wallets are of different types, here are some:
- Bitcoin mobile wallet app
- Bitcoin desktop wallet
- Hardware Bitcoin wallet
- Cryptocurrency exchange account
- Bitcoin debit card company
You can purchase Bitcoin immediately
Now we have a Bitcoin wallet, and we also have a certain amount of money to buy cryptocurrency. The logical question is: where to get bitcoins? Our readers may consider the following ways to buy bitcoin:
- Exchange online services;
- Cryptocurrency exchanges;
- Terminals and ATMs;
- Exchange with other people for Fiat gift vouchers.
You can purchase Bitcoin on an exchange
So we moved to the second method of buying BTC – through cryptocurrency exchanges. Exchange – a platform for trade. That is, the course on them is “pure”, formed by the market supply. The most famous service for tracking cryptocurrency trading exchanges is Coinmarketcap. It contains information about the volume of trading on each site, as well as the current rate. When buying a better focus on the exchange with the lowest rate. After all, we can get BTC at the best price. Among the most popular exchanges include:
- Binance
- CEX.io
- BitMart
- Livecoin
You can purchase Bitcoin with PayPal
On the Internet, there are niche services that facilitate the exchange of money for cryptocurrency online. The exchange service is notable for supporting a large number of payment systems for depositing and withdrawing funds, as well as popular Internet banking services. There are over a hundred exchangers, and they bring great profits to those who own them.
Here are the most popular ones:
- Virvox
- LocalBitcoins
- eToro
You can purchase Bitcoin with cash
In big cities, you can buy bitcoins through ground exchange points for cash. Also, there are special ATMs and terminals, using which you can easily get hold of digital coins. And let these ground points to buy cryptocurrency is not so much, but their number is constantly growing. A few of the most popular P2P exchanges are:
Bitcoin ATMs
ATMs and terminals with the possibility of buying Bitcoin – are not yet very common. In the big cities, there are only a few of them, but the situation is changing quite quickly: there is a list of ATMs on the CoinATMRadar website. Such devices are easy to use – quite a few operations with the card and the ATM itself and the cryptocurrency will be credited to your wallet. Terminals work with bills.
You can purchase Bitcoin anonymously
In countries such as Austria, South Korea, Mexico, and several other countries, there is an interesting option for buying BTC – through gift cards. You just need to replenish them at par and then enter the code on a specialized website. The “sellers” of such cards profit from commissions reaching 3-8%. However, the method is still in demand because of its simplicity and anonymity.
The best place to buy Bitcoin
Another lesson in cryptocurrency literacy has come to an end. Now you know how and where to buy Bitcoin for Fiat. The main thing to remember is that there is no ideal and universal place to buy Bitcoin. For each person the best place and unique. There is nothing difficult in this – there would be a desire and means to buy. Whether you should do this is up to you.
Shift Review
Shift is issued by Coinbase –an American cryptocurrency exchange firm. Since they are an exchange firm, they are always aware of the latest trends in the Cryptocurrency. This is a unique and helpful testament that you are in good hands. But this is not the only edge the company offers. There are various other benefits that come with the Shift Bitcoin debit card. The foremost benefit is that all monthly charges are waived for the card users. Another perk is that all the purchases instantly convert Bitcoin to USD in the Coinbase wallet.
Sounds interesting, no? Well, there are many other perks and only a few drawbacks of the Shift Bitcoin debit card so let’s get right into it.
Advantages
- The Shift debit card is mastered with Visa. This makes it acceptable in 99% of the stores worldwide, making it quite popular and practical.
- Conversions are made in real-time as Coinbase instantly exchanges the currency. This is one of the many features that sets Shift apart from its competitors.
- There are zero converting fees when exchanging from USD to Bitcoin.
- The card is available in most parts of the US.
- Many believe that it is much easier to use the Coinbase wallet directly than an actual wallet.
Disadvantages
- Users who are token enthusiasts might find Shift Bitcoin debit card limiting as it only offers Bitcoin as the primary cryptocurrency.
- The debit card is available in 46 of the 50 US states. However, the exchange firm confirms that they are working on distribution channels to make it available throughout the USA soon.
- The debit card comes with a Coinbase wallet only. This is a disadvantage for all those who like to keep a separate wallet.
Shift Bitcoin Debit Card Charges
- The physical card costs $20 to issue. There isn’t any hidden currency exchange fee when converting from Bitcoin to USD.
- There are free domestic transactions as a bonus for a limited amount of time.
- ATM withdrawals domestically cost $2.50.
- International ATM withdrawals cost a standard $3.50. There is a 3% transaction fee on an international transaction.
- One of the biggest perks of Shift Bitcoin Debit card is that there are no monthly maintenance fees involved.
Summary
- Physical card: Yes
- Virtual card: Yes
- Card type: Visa
- Mobile app: Yes
- Supported cryptocurrencies: Bitcoin (BTC)
- Supported fiat currencies: USD
- Anonymous: No
Final Word
Fans of the exchange Coinbase love the Shift Bitcoin debit card for its solid product. Customers who trade on Coinbase can apply for a shift debit card at any time they want. It makes money management easier, all thanks to its Coinbase wallet. There are also no monthly charges as a maintenance fee, unlike most of the other debit cards in the market. One downside, however, is that the card is only available in the US. This means that the rest of the world can’t benefit from its exceptional services at the moment. Even in the USA, it only caters to 46 states yet, making it slightly impractical for users in the remaining states. And lastly, it only supports one cryptocurrency i.e. Bitcoin. Fans who deal in multiple other cryptocurrencies are disappointed with this limitation.
The ultimate guide to launching an ICO
The ICO industry today is full of various offers. Investors can sort out for a long time, but as a result, they invest their own money in “young” projects, ensuring profit for themselves and developers. Newcomers to the cryptocurrency world are inspired by the success of their experienced teammates, often not understanding the required scale of efforts to successfully reach heights and not too difficult to find an answer to the question: “How to conduct ICO for your project?” The popularization of ICO makes startups more often choose ICO as a means of collecting investments. However, when faced with initial coin placement campaigns, many newbies do not know what plan to take to prepare and launch ICO. In addition, this area is still young, and therefore it is almost impossible to find a definite answer to the question of how to launch your ICO.
How to create a token?
Before you figure out how to hold an ICO in a company and start creating a coin, take the trouble to write White Paper. The need for this is obvious: this document defines the concept of the project in full. Another important point in the description of the ICO exit algorithm for dummies is obviously the technology of creating a digital coin – a token. A variant for beginners is the development of coins based on current cryptocurrencies. The simplest solution is to work with the waves.
What is behind the concept of “digital coin”?
Before selling tokens to crypto investors within the framework of the initial offer, it is worth deciding what this term means. It implies an asset similar to classic stocks, created to attract investment. An investor, after the start-up transition to the Work stage, which occurs after an ICO, can receive a profit from each token or sell them on a cryptocurrency exchange. The token assumes a certain function, which means it represents a certain obligation of the company to its owner. The implementation of obligations is carried out by providing the investor with certain benefits in return for fiat or cryptocurrency funds invested by him earlier in the project.
ICO Legal Status
As is known, IPO is regulated by law. For example, in the United States to participate in the public auction, the company must have a certain form of ownership – a joint stock company. In this case, registration with the Securities and Exchange Commission (SEC) is expected.
Obviously, such an approach greatly complicates the procedure for projects requiring investments. ICO is much easier. At the same time, the process cannot be called either legal or illegal. There are no approved rules in any country according to which it should pass. Therefore, in each case, it is necessary to adapt the company’s actions to the legislative rules that exist in the country in which the enterprise will be registered.
Team for ICO
Any investor is guided not only by the genius of the idea and the relevance of the project but also by the team that deals with it. Therefore, one of the first steps is to compile a list of company members. It is necessary to specify all the data: not only the full name but also provide photos, achievements, profiles in social networks and other information.
At the same time, it is important not only to assemble a productive team but also to ensure its cohesion. It is necessary to exclude the care of specialists, otherwise, it may cause a deterioration in reputation, a drop in confidence and a decrease in the effectiveness of ICO.
Development of website for ICO
For beginners, it’s enough to create a landing page, which must contain the following information:
- project information;
- data about the developer;
- tab with white paper.
On the site, you can also create an office investor. Particular attention should be paid to writing White Paper. Many already know this term. This document is a full-fledged presentation, which should highlight all the strengths of the project, tell the potential investor about its essence and prospects, as well as practical applicability.
Guides
How To Create A Product For Your ICO
How To Write An ICO White Paper