If you know of any good alternatives feel free to leave them in the comment section below. Personally I’d advise to make sure the card you choose is available in your country and then use the one with the lowest fees. The company supplies a Chip & Pin visa debit card that can be loaded through your Wirex app (desktop or mobile). For example, if you live in the US, using Shift is a reasonable option. In addition to the cards reviewed in this post there are also ANXPRO and CoinsBank that supply Bitcoin debit card – you may want to take a look at them as well, they are listed in the table at the top of this page. This allows you to live purely on Bitcoin. You must have a home address (no PO boxes), government-issued ID, and Social Security number to apply. The cost of the card is $20 and it does have an annual fee of $12/year after the first year bitcoin atm location in singapore. 00 fee for any ATM or cash-back withdrawals outside of the country. For example, when I travel abroad I always take my Bitcoin debit card as a backup card in case my money gets stolen. Of course the companies are looking to find solutions and once they are found we will update this post (I’m personally looking for an alternative as well). $5/month Depending on domestic/international$2. However, thanks to several companies in the Bitcoin ecosystem you can now order your own Bitcoin debit card bitcoin atm location in singapore. You can either order a physical card with a chip & pin, or a virtual debit card if you’re just into online shopping. The BitPay Prepaid Visa Â® Card is available to residents in all 50 US states.
They probably all use the same card supplier to run their business as well and the difference isÂ only in their branding. Another great bonus of Cryptopay is that you do not have to supply full id verification if you don’t need high card limits. Wirex Bitcoin debit card review Pros:Â Chip & Pin card, virtual cards available, established company cons:Â Redundant fees (IMO), relatively expensive card Perviously known as E-coin, the company rebranded to Wirex in 2016. There is of course the standard 3% international transaction fee and $2. Related Posts Holy See (Vatican City State) Honduras. In order to use the card you need to deposit money into your account at the debit card company – this means you’re giving control over your coins to a 3rd party. The merchant gets paid in his own currency by the debit company and the charge will be deducted from your Bitcoin balance. 00 fee for ATM or cash-back withdrawals inside the US and a $3. It allows you to get a prepaid Visa card that is loaded through your Bitpay account. 5 Pros of using a Bitcoin debit card The pros are pretty obvious – you can now buy virtually anything with Bitcoin. Any place that accepts credit or debit cards would accept your Bitcoin debit card as well. The fees are pretty similar to other cards – costing 3% for international transactions, $2. Also since you are using the service of these companies it comes with a price – as you will see below you can’t ignore the fees that Bitcoin debit card companies charge. At the moment there are 7Â Bitcoin debit card companies available, here’s a short summary of each one and their pros and cons. The card costs a reasonable $10 to produce and has no ongoing fees.
This risk is reduced by not depositing too many Bitcoins into your balance – basically deposit only an amount you can afford losing in case of a hack. Also their card actually has a “change pin” fee which seems pretty odd IMO. Xapo ships their card worldwide according to their site.Status.. 5 3% Depending on domestic/international$2. The things I don’t like about this card is that it has a monthly maintenance fee of $1 and a 1% commission for loading money. I’d definitely try to avoid the cards with the ongoing fees (i. The physical card costs $15 and is shipped for free worldwide. Â The company supplies a debit card that is connected to your Coinbase account. Most of these cards are more or less the same. 5 for ATM withdrawal and $17 to get your physical shipped to you. 95 and takes about 7 days to arrive in the mail. Â When traveling outside of the United States of America you will pay a fee of 3% to cover the cost of currency conversion. 5 and international currency change adds another 3% on each transaction. There are no transaction fees for the Bitpay card. .