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Uquid Review
Uquid is a UK-based firm known for its issuance of cryptocurrency debit cards. For those who don’t know, Quid is slang for GBP. Uquid offers both physical and virtual debit cards. The debit card’s wallet can hold 3 fiat currencies as well as over 80 tokens. This feature alone makes it one of the most desirable and flexible option. However, there are also some limitations that allow its competitors to have a competitive edge. One of the biggest being not covering the US.
We shall further talk about its advantages and disadvantages in the brief review below.
Advantages
- Uquid supports more than just a single cryptocurrency. Users of Uquid can store Litecoin, Ethereum, Ripple, Monero, Dash and 80 different tokens.
- Uquid Bitcoin Debit card’s wallet allows users to deal in multiple fiat currencies like GBP, EUR, and USD.
- There is no issuance fee on the physical card.
- The debit card also ships fasts.
- Users don’t have to pay any additional charges when withdrawing money from an ATM.
- There is also no extra cost on any purchases
- Unlike its competitors, the Uquid debit card can easily be linked with PayPal, making it extremely handy.
- Uquid Debit card also offers the most flexible market rates for cryptocurrency exchange.
- Uquid also supports payment of bills. Cryptocurrency tokens can be used to pay household bills.
- It also features an option to top-up your mobile credit which is seriously very cool.
- Although it doesn’t cover the US, it is accessible for use in over 178 countries.
Disadvantages
- Previously, the Uquid Bitcoin debit card converted cryptocurrency into fiat money –a feature that has disappeared in today’s debit cards. This truly is a shame.
- Today’s Uquid debit card is, in actuality, a prepaid card which needs top-up before use.
- The third biggest drawback is that the debit card still doesn’t cater to the US population which could serve as its biggest market. They do promise to offer its services to the US, but it hasn’t happened so far.
Uquid Bitcoin Debit Card Charges
- There is a monthly $1 service charge
- The actual card costs $16.99.
- It is shipped for free around the world.
- There are no POS transaction charges.
- International ATM withdrawals cost $3.00 whereas domestic ATM withdrawals cost $2.50.
- It costs 3% when withdrawing cash to a bank.
Summary
- Physical card: Yes
- Virtual card: Yes
- Card type: Visa
- Mobile app: Yes
- Supported fiat currencies: GBP, USD, and EUR
- Supported cryptocurrencies: Bitcoin (BTC), Ripple (XRP) Ethereum (ETH), Litecoin (LTC) and 80+ different cryptocurrencies
- Anonymous: No
Final Word
Uquid is amongst the many cryptocurrency firms affected by the ceasing of partnership with Visa due to the WaveCrest. This is one big reason, the firm had to make many changes to an almost-perfect debit card. But not all of its features have turned worse, there are still some that make it stand out from the rest of the crowd. The card offers both affordability and flexibility to its users. When compared to price-wise, it is more or less priced the same as its competitors.
Card Review: Shakepay Bitcoin Debit
The ShakePay card is one of the first among the growing offer of debit cards with Dash support. This is an optimized, simple map that works surprisingly well in its simple form.
Shakepay is an easy-to-use debit card with a more traditional approach. In addition to Ethereum support, it allows users to use Bitcoins and DASH. Card users can send crypto coins to their account, where they can be converted into national currency. This review is divided into categories: functionality and types, with a conclusion at the end.
Getting started
The card is a plain, simple black card without any information about the issuer. The only distinguishing point is the word “prepaid”, written on the card. The card works well through a magnetic stripe and through a chip. Compared to other cards with which I had problems with various merchants, I have never had any problems with ShakePay.
What you can hold
ShakePay allows users to spend their cryptocurrency in almost 200 countries, which allows users to spend more than 42 million points in online and offline mode. Users can then convert cryptocurrencies to fiat money, making the card ideal for avid cryptocurrency travelers. The card also offers its users a reward for purchases of up to 2% cashback. A special application that can be synchronized with the map allows the user to activate and deactivate it.
Trading with ShakePay
The ordering process was too simple and a bit confusing. The final score was about $ 36 expressed in Dash, while the amount to be replenished was $ 20. After replenishing the card, the user receives a confirmation message.
The ShakePay card can be used wherever VISA is accepted, however the card is available only to US residents. The conversion fee is not charged, and the maintenance fee is $1.5 per month. The fee for withdrawing an ATM in Europe is $2.5, in other regions – $3.5.
Pros and Cons of ShakePay
The biggest advantages of this card are in a good interface and in the presence of a mobile application. The web application is simple and optimized. It provides a clear interface with the necessary information and nothing more. Basic account settings and card information are clearly displayed along with limits and fees. The main options are: topping up and creating maps, as well as upgrading to AML / KYC verification level. The mobile application, in turn, is too simple. It is so simple that when I first downloaded it, I thought that I had the wrong application. It contains mostly transaction history and the ability to recharge. Simplicity, of course, will require some getting used to, and an ordinary client, in the first place, will not hasten to trust her.
Transaction fees
Making a card costs $ 15, and the monthly maintenance fee is $ 1. Bitcoin replenishment fee is 1%, and for replenishment of Dash and Ethereum – 3%. It seems a bit expensive for Dash, but if we compare it with the use of ShapeShift for exchanging for Bitcoins and the presence of all these commissions and delays, we end up with a 3% commission justified.
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.
Card Review: Monaco Bitcoin Debit
Monaco allows users to spend and transfer money around the world with the use of favorable interbank exchange rates, saving about 30-40 euros per 500 euros spent. The Monaco card will work in the VISA network, which will make it possible to use it in all parts of the world. The card can work with Bitcoin (BTC), Ethereum (ETH) cryptocurrency and other ERC20 standard tokens.
The blockchain technology community members participating in Monaco ICO will receive MCO tokens in exchange for their contributions to ETH. As holders of MCO tokens, they will be owners of a share in the MCO Asset Contract. MCO Asset Contract is an essential part of value creation for MCO token holders. Whenever a Monaco VISA card user spends BTC, ETH, or other ERC20 standard tokens, Monaco will charge a 1% software license fee. These fees will automatically be transferred to the MCO Asset Contract.
Card types offered by Monaco
Using the card of Monaco, users will have the opportunity to create a free account on which you can store cryptocurrencies and fiat money. The card promotes its own cryptocurrency MNS, but also supports Bitcoin and Ethereum. All conversions from the card will take place both online and offline, at the lowest commissions. Therefore, the cards will be accepted in any stores where they accept Visa cards. Paying for cryptocurrencies through the Monaco card, you will receive up to 2% cashback.
Card Type: Midnight Blue
Chasback Return: 0%
Limit for ATM Withdrawal (2% thereafter): $200
Limit for Interbank Exchange (0.5% thereafter): $2,000
MCO Private: No.
Casback Returned to Wallet: No.
Reference Transaction %: No.
Referential Program (Bonuses for share): No.
Discounts for Investment Fee: Np.
Card Type: Ruby Steel
Chasback Return: 1%
Limit for ATM Withdrawal (2% thereafter): $400.
Limit for Interbank Exchange (0.5% thereafter): $4,000
MCO Private: No.
Casback Returned to Wallet: 0.2%
Reference Transaction %: 10%
Referential Program (Bonuses for share): $100 ($20 x 5 friends)
Discounts for Investment Fee: 50%
Card Type: Jade Green
Chasback Return: 1.5%
Limit for ATM Withdrawal (2% thereafter): $800.
Limit for Interbank Exchange (0.5% thereafter): $10,000
MCO Private: No.
Casback Returned to Wallet: 0.4%
Reference Transaction %: 15%
Referential Program (Bonuses for share): $400 ($40 x 10 friends)
Discounts for Investment Fee: 50%
Card Type: Icy White
Chasback Return: 1.75%
Limit for ATM Withdrawal (2% thereafter): $800.
Limit for Interbank Exchange (0.5% thereafter): $10,000
MCO Private: Yes.
Casback Returned to Wallet: 0.8%
Reference Transaction %: 20%
Referential Program (Bonuses for share): $4,000 ($80 x 50 friends)
Discounts for Investment Fee: 50%
Card Type: Obsidian Black
Chasback Return: 2%
Limit for ATM Withdrawal (2% thereafter): $1,000.
Limit for Interbank Exchange (0.5% thereafter): Unlimited.
MCO Private: Yes.
Casback Returned to Wallet: 1%
Reference Transaction %: 25%
Referential Program (Bonuses for share): $10,000 ($100 x 100 friends)
Discounts for Investment Fee: 50%
Bitcoin is now a widely known and used cryptocurrency element. Trading Bitcoin is undoubtedly a greater source of earning money but it is a hectic space. You can easily lose track even if you are out from the loop for a shorter span of time. Still, it is an excellent idea to use or trade Bitcoin but you should sign up only in one online forum. Here we have put together a list of easily discoverable and appropriate groups to speak with. As new platforms are appearing every day, so we make certain to keep you in the loops whenever we find them.
Discuss Bitcoin Online
The web can be the easiest place to find Bitcoin lovers and forums. Most of the forums are devoted to Bitcoin by taking part in interesting conversations. No matter you are a developer, entrepreneur or just a fan; feel free to start any discussion regarding your preferred Bitcoin subject.
Devoted Bitcoin Online Forums
If you are thinking about jumping into the Bitcoin facilities, it would be better to sign up at least in one forum. Get ideas about some devoted online forums down below:
- Bitcointalk: This online forum was created by none but the creator of the Bitcoin, Satoshi Nakamoto.
- Bitcoin.com: This site is the best place to discover Bitcoin in basic for Bitcoin Cash.
- Bitcoin Garden: It is a devoted forum for the designers in the Bitcoin area
- Bitcoinforum: To discover all the basics of Bitcoin, this site is excellent for Bitcoin Core
- Bitco.in Forum: At this site, all the academics, entrepreneurs and designers come together to go over the future of Bitcoin.
- CryptoCompare Bitcoin page: This forum hosts conversations related to the most recent trends in Bitcoin.
- Investing.com Bitcoin page: This one has their own corner dedicated to Bitcoin conversations.
- StackExchange Bitcoin page: Lastly, this supplies an online forum where you can ask and address concerns connecting to Bitcoin.
Talk About Bitcoin on Reddit
Reddit is another popular online forum where you can talk about the basics of Bitcoin.
- r/Bitcoin: It is the primary Bitcoin subreddit
- r/BitcoinMarkets: It is a channel concentrating on Bitcoin tokens
- r/BitcoinStocks: This channel focuses on trading Bitcoin stocks
- r/Jobs4Bitcoins: It is a location offering the abilities for Bitcoin
- r/BitcoinMining: This one can be your go-to place on Reddit for Bitcoin miners
- r/BitMarket: This one is a peer-to-peer option for trading on exchanges
- r/BitcoinSerious: It is an online forum if you are a serious Bitcoin users
- r/BitcoinBeginners: If you are a newbie this can be an excellent location to begin
- r/LocalCommunities: It is another fantastic location where you can discover your nearby Bitcoin enthusiasts
Talk About Bitcoin on Telegram
Some area of Cryptocurrency area exists on Telegram. Almost every ICO has their own Telegram group where you can find out a lot from such forums like:
Discuss Bitcoin on social networks
Where to discuss Bitcoin offline
Though most of the conversations are surrounded by the online locations for Bitcoin, still there are ways where you can interact face-to-face within the local neighborhood. There are some sites focused on Bitcoin and other cryptocurrencies hosting meetups and conferences. Here is a list of community pages where you can find your fellow Bitcoin enthusiasts:
Bitwala Review
The company was formed in 2014 in Berlin. It is one of the pioneers, if not the first, in the Bitcoin debit card space. Bitwala caters to 200 countries with over 57,000 users and counting, worldwide. One of the biggest competitive advantage Bitwala enjoys is that it supports over 20 fiat currencies whereas most of its competitors only support a few. Being a prepaid card, it allows its customers to convert their cryptocurrency in real cash instantly upon withdrawal. The Bitcoin debit card is available for both business and personal use, making it a popular debit card among most professionals.
However, the card isn’t available for the general public at the moment due to their partnership ending with Visa. As per the officials, the debit card will soon be re-launched and available for use in 2019.
Advantages
The Bitwala Bitcoin debit card offers a number of perks to its customers. Some of these are summarized below:
- Supports 20 fiat currencies and 40+ cryptocurrencies, making it one of the most flexible debit cards in the cryptocurrency space.
- Offered in over 200 countries.
- Features a user-friendly and straightforward interface on the website.
- Compared to its competition, it offers flexible rates price-wise.
- Offers a business card form of the Bitwala Debit card.
- Has great customer service which receives praise from customers.
- Availability of the debit card regardless of whether the user wishes to verify their identity or not.
- Transparency in their fee structures, providing users with reassurance.
Disadvantages
- The company has a third-party exchange, potentially incurring additional costs.
- The Bitwala Bitcoin debit card isn’t available for use right now due to its ceasing of partnerships with Visa.
Bitwala Bitcoin debit card Charges
- The issuance fee of the Bitwala Bitcoin debit card is $2.
- There is a $1/month service fee.
- There is a $0.5 top-up fee every time the user loads the debit card.
- There is a 3% fee on international transactions.
- Domestic ATM withdrawals cost $2.50 whereas if you withdraw cash internationally, you have to pay $3.50.
- Bitwala’s Bitcoin debit card foreign exchange charge is 3%.
Summary
- Physical card: Yes
- Virtual card: Yes
- Card type: Visa
- Mobile app: Yes
- Supported cryptocurrencies: Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Litecoin (LTC) and 40+ others
- Supported fiat currencies: USD, GBP, JPY, EUR, MYR, BRL, VND, AUD, MNX, and 20+ other currencies
- Anonymous: No
Final Word
Bitwala Bitcoin debit card is a flexible debit card when it comes to cryptocurrencies. Offering its services to 200 countries allows it to enjoy a competitive edge. Whilst most other debit cards only offer Bitcoin as the primary cryptocurrency, Bitwala supports LTC and ETH as well. Professionals with an assorted cryptocurrency portfolio invest in the Bitwala debit card as it offers support for over 40 altcoins.
Once its contract with Visa is reestablished, the debit card will be available for use. For now, there are only 4 active debit cards in the cryptocurrency market and the Bitwala isn’t one of them.
As more and more people began to be interested in the topic of Bitcoins, they began to trade as a financial asset. It was at this moment that Bitcoin became a phenomenon and is already in the top of search queries in Google around the world. The perception of Bitcoin by the authorities varies greatly – from enthusiastic acceptance to skepticism and ignoring. A question is born is Bitcoin legal? Consider the issue of the legal status of Bitcoin in the world in more detail.
Bitcoin regulations
Cryptocurrencies are a relatively new payment tool that appeared on the world market only in 2009. Accordingly, the legal and legal regulation of such an instrument in the legislation of most countries of the world simply did not exist, which gave rise to many legal conflicts and speculations. To date, only some states have fully established legislative norms regulating the circulation of cryptocurrencies
Why it is so complicated
The principal difference, important for the subsequent determination of the legal status of Bitcoin and other cryptocurrencies, is the presence of certain guarantees of transactions that allow trading operations without the services of intermediaries. All transactions are publicly available and can be tracked by third parties, which eliminates the possibility of counterfeiting such means of payment and eliminates the need to involve the guarantor as a third party to the transaction.
In general, today the majority of states determine the legal status of only specific cryptocurrency systems, primarily Bitcoin, as the most common blockchain system. In particular, the use of bitcoins as full-value money in Japan is fully regulated, in part – in Thailand, Singapore, the USA, China, and Switzerland.
Legality of mining
In most countries, the cryptocurrency is not regulated in any way, and, accordingly, there are no articles of laws in accordance with which miners could be brought to justice. Nevertheless, the majority of both large and small farms operate underground. And this applies both directly to the process of mining tokens, and the production of equipment for it.
Recently, the authorities of different states come to understand that this process should not only not be prohibited but be regulated by law so that the owners of crypto farms act in the legal field without fear of being behind bars. Especially since the mining of cryptocurrency, as well as the production of equipment for it, is a promising direction and will be actively developed in the coming years.
Bitcoin and taxes
While laws for taxing Bitcoin and income from it might differ from nation to nation some are considering Bitcoin and other cryptocurrency taxable classifying them similar to bonds and stocks.
Countries where Bitcoin is prohibited
Only a few countries completely banned Bitcoin. A notable example is Iceland, where the world’s largest Bitcoin mining farms are located, but at the same time, residents cannot buy Bitcoins (only mine). This is done to try to prevent the withdrawal of capital from Iceland. The remaining five countries: Bolivia, Ecuador, Bangladesh, Kyrgyzstan, Vietnam, Algeria, Bangladesh, Bolivia, Cambodia, China, Colombia, Ecuador, Egypt, Indonesia, Iran, Morocco, Nepal, Pakistan, Saudi Arabia, and Taiwan.
Countries where Bitcoin is legal
Argentina, Australia, Austria, Belarus, Belgium, Bosnia and Herzegovina, Brazil, Bulgaria, Chile, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France ,Germany, Greece, Hong Kong, Hungary, Iceland, Ireland, Israel, Italy, Jamaica, Japan, Kyrgyzstan, Lebanon, Lithuania, Luxembourg, Macedonia, Malaysia, Malta, Mexico, Namibia, Netherlands, New Zealand, Nicaragua, Nigeria, Norway, Philippines, Poland, Portugal, Romania, Russia, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, Trinidad and, Tobago, Turkey, Ukraine, United Kingdom, United States of America, Uzbekistan, Venezuela, and Zimbabwe
Countries where Bitcoin is limited
These are countries that have a legal basis for Bitcoin but do not perceive it as a real currency, as Japan does. Most countries of the world fall into this category. For example, in the US, the Commodity Futures Trading Commission classifies Bitcoin as a commodity, while the US Treasury Department views it as a money-handling business (money transfers and conversion to other currencies). Other countries limiting usage of Bitcoin is Canada, India, Jordan, Thailand, United Arab Emirates, and Vietnam.
Cryptocurrency ATM is the future of banking. With this, it is no longer surprising that there are now over 5,000 bitcoin ATMs globally, and it is expected that the number will continue to rise in the near future.
If it is your first time to hear about this kind of ATM and if you are wondering how it works, keep on reading and learn from some of the insights we’ll be sharing.
What Can You Do with a Bitcoin ATM?
With a bitcoin ATM, you can make bitcoin transactions. This is pretty much similar to a traditional ATM, but the main difference is that you are dealing with a cryptocurrency instead of a fiat currency.
There are two kinds of bitcoin ATMs – one-way and two-way ATMs. In the case of one-way bitcoin ATM, you can only buy or sell bitcoins. In the case of their two-way counterparts, on the other hand, you can buy and sell bitcoins. Most of the machines available will allow you to do only a one-way transaction. If you are looking for one that will allow you to do both, Coin Cloud ATM can prove to be the perfect option. Their ATMs will allow you to sell and buy bitcoin using fiat cash.
Using a Bitcoin ATM
Looking for a bitcoin ATM is easy when you are online. In the case of most providers, they have a website with a “bitcoin ATM near me” feature.
When your current location has been detected, it will automatically provide a list of ATM locations that will be easy for you to access.
Have you ever heard of Wirex? Wirex has been making a name in crypto trading. Many traders are very much surprised on the card’s functionality. It is an all-in-one card that you can use for any type of transaction. If you haven’t had your Wirex Bitcoin Debit Card, my review about the Wirex Bitcoin Debit Card just might convince you to get one.
What is Wirex?
Wirex is one of the most popular bitcoin debit cards. Many cryptocurrency traders often use Wirex in their trading and other personal transactions. The card was created and conceptualized by E-Coin. This debit card has been in circulation since 2014. The card comes in a virtual and physical card. The virtual card is under Visa and is a perfect card for online transactions. On the other hand, the physical card is under MasterCard. The MasterCard comes with an EMV feature and PIN code for any transactions in physical stores. Both debit cards are accepted for any Visa and Mastercard transactions.
What benefits can you get from Wirex?
One of the good things about the card is that it can be delivered to more than 130 countries. Apart from that, it also has a mobile app that allows you to check and transfer funds. The mobile app also allows users to exchange fiat money to a digital token or vice versa.
Wirex has tight security and allows the user to use two-factor authentication. This feature reduces the possibility of the user becoming a victim of fraud and scams. The debit card is not a reloadable pre-paid card. The money that you have in your account will automatically reflect on the card. It has its own account number, CVV code and expiration date of the card.
The best benefit that you can get from the card is it’s 0.5% cash-back if you happen to use it in stores. This is actually more like token-back in the form of cryptocurrency.
What are the things that I don’t like from Wirex?
One of the disadvantages of the Wirex card is that it takes a long time before you can get it. Aside from that, the verification process is often slow and takes a long time to complete. Wirex will ask for several documents before you can complete your verification process. It takes up to 10 days before you can actually complete the process.
The actual Visa debit card is only available to users living in the UK. Users from other countries like the US and other European countries will only have access to the pre-paid card version of Wirex.
List of Fees for Wirex Debit Card
Like any other debit cards, the Wirex also has a monthly service charge. This applies to both Visa and MasterCard. In addition, the physical card also has an additional fee of $17 upon issuance. ATM withdrawals are charged $2.50 for domestic withdrawals while international withdrawals are charged $3.50
To summarize, the Wirex Bitcoin Debit Card is available in both Visa and Mastercard with both Virtual and Physical cards. It also has a mobile application. It supports fiat money like USD, EUR, and GBP. Wirex also supports cryptocurrencies like Litecoin (LTC), Bitcoin (BTC), and Ethereum (ETH). However, Wirex does not allow anonymous accounts.
Conclusion
Overall, Wirex is one of the best options for BTC debit cards. If you happen to live in the UK, this card is the perfect one for you. It’s safe and easy to use. The company is also equipped with the best customer services. I like how flexible it is to transfer crypto and fiat money from one account to another with a stringent identity verification measures. If you happen to consider getting a Bitcoin Debit Card, try Wirex. It’s cheaper and safer.
How was your experience with Wirex card? Send us your comments and tell me what you think about it.
