In our previous article we talked about the importance of debit cards to use our cryptocurrencies on a regular basis, since it’s a service of payments and withdrawals without borders, that connects the financial innovation with the traditional trade and gives the user the option of managing their funds suitably.
Today, we will present you some of the preferred pre-paid debit cards by the users of cryptocurrencies, which are backed by Visa, Mastercard and other financial institutions and that are available in many countries.
Bitnovo: This Spanish startup offers a debit card that can be reloaded with euros or Bitcoins, called Bitcard, for the price of only €10 euros. Bitcard is accepted in millions of businesses worldwide. Its main characteristic is that it also offers service with the cryptocurrency DASH.
Advanced Cash: ADVCash, a company based in Belize with 20 years of experience in the market, has a card that allows cash withdrawals and purchases all over the world without monthly or yearly fees, and has low rates. It is associated with Mastercard and it can be plastic or virtual, and operate either in dollars or euros. You can open a virtual account from $1 dollar. The plastic version has a $1.99 dollar commission and has a limit of 3.000 dollars/euros for every withdrawal.
Unichange: This service also has plastic and virtual versions to withdraw crypto funds in almost all the world. You can also purchase in businesses or online. Its cost is $57 dollars, €56 euros, and has a $1 dollar monthly fee.
Anxpro: Formerly known as Anxbtc (ANX), is a company based in Hong Kong that used to accept Bitcoins to recharge their customer’s cards for use all over the world. The platform doesn’t charge a commission for transactions, wire or Bitcoin transfers. This card allows withdrawals at more than 25 million locations worldwide.
Pre-paid Bitwala debit card: A popular service among Bitcoin users in Europe. It is issued by Mychoice through Wavecrest Holings Ltd. Bank. The company offer physical and virtual cards, it has a €2.25 euro ATM fee and all point of sale transactions are free of charge. You can use the plastic card wherever Visa is accepted, and has a price of €8 euros, unlike the virtual card that costs only €2 euros.
Visa Spectrocoin: Provides services to the Balkan region. It's issued by Mychoice and is free to recharge, but has a €1 euro monthly fee. The ATM withdrawal commissions vary around 3.50 dollars/2.75 euros/2.25 pounds.
Visa Bitpay: Available in Europe and the United States. It is issued by the Metropolitan Commercial Bank in the U.S. and Wavecrest Holdings in Europe. The card has a price of $10 dollars and the recharges are a direct purchase with fiat currency. ATM withdrawals have a $2 USD commission and are free at selling points.
Xapo Debit card: It is issued by Mychoice and can be reloaded with Bitcoins; its price is around €18 euros. ATM withdrawals have a €2.25 euro commission and are free at selling points. All Xapo transfers have real time conversions and users only pay the Bitcoin network fee. There is a 3% charge for foreign exchange in this kind of purchases. It is still unavailable in the United States and Latin America.
Coinbase’s Shift Card: It is widely known in the United States, deducting balances directly from BTC, LTC, BCH and ETH e-Wallets. You can only link one crypto-asset wallet to the Shift card, which can be used in more than 38 million establishments accepting Visa all over the world. It costs $10 USD and features a 0% conversion fee from BTC to dollars.
Coinsbank: Offers recharges either in Bitcoin or Litecoin and has physical and virtual cards. The ATM withdrawal fee is of $4.95 dollars and all domestic transactions are free. There is a 95 cent monthly fee, but is not currently available in the U.S.
Wirex Card: It has a free virtual card and a physical one (for $17 dollars). Both can be recharged through a Wirex account. Bitcoin to fiat exchanges are free, except for the mining charge. First you have to recharge the Wirex account by adding local currencies. Unlike the virtual card, the plastic one requires verification. It’s not available in the U.S.
By Ana María Morales