Wouldn’t it be nice if you could convert your crypto assets into everyday purchases and buy goods with bitcoin and other altcoins? Well, now you can. Just get a cryptocurrency debit card and buy also non-virtual goods (sandwiches, jeans, gardening supplies, etc.) with your crypto assets. This is a review of Advcash – one of the many cryptocurrency debit cards.
UPDATE: ADVCASH DOES NOT CURRENTLY HAVE AN ACTIVE CARD PROGRAM. A NEW CARD PROGRAM IS HOWEVER EXPECTED TO BE LAUNCHED DURING Q1 2019, SO YOU CAN STILL SIGN UP WITH ADVCASH TO BE FIRST IN LINE WHEN THEY RELAUNCH.
Advcash supports the Bitcoin. So if you need to convert any other cryptocurrency into everyday purchases, you need to convert such relevant cryptocurrency into Bitcoin first.
The card will however most likely support even more cryptocurrencies in the future.
With respect to fiat currencies, Advcash supports EUR, GBP, KZT, RUR, UAH and USD.
The Advcash-card has the reach and acceptance rate corresponding to a MasterCard or VISA-card.
US-investors may also use this card.
These are the fees charged by Advcash:
We think that the above fees are very competitive.
There is an issuance fee set to USD 4.99. USD 4.99 is substantially below the industry average.
There is also no monthly fees, which is very beneficial for the customers.
ATM-usage results in a fixed fee of USD 1.99 on the withdrawn amount, unless the withdrawal is made in other fiat currencies than USD or EUR, in which case the fixed fee is USD 2.99. The fixed fee structure might be disadvantageous in countries where the normal ATM-machines only allow smaller withdrawals (USD 20 for instance). In such scenarios, in order to withdraw a larger amount you need to withdraw several times, thus triggering the fixed fee each time. Usually, however, you can go to a bank to withdraw higher amounts in a more efficient manner.
Furthermore, the most important fee of them all, the commission on spending. Advcash sets you back 0.00% when purchasing something in USD or EUR. This means that if you buy a nice sweater for USD 100, this will reduce your crypto assets with USD 100 (i.e. nothing more than what you can expect). However, if you purchase anything in another fiat currency than USD or EUR, Advcash charges a 2.95% FX-conversion fee. This means that any purchases other than USD or EUR-purchases will come with a 2.95% commission based fee.
Finally, the maximum monthly deposit is EUR 90,000 (EUR 3,000 daily). If you need a card with higher maximum deposit limits than that, don’t worry. Just have a look in our cryptocurrency debit card list to find another card for you.
If this is the cryptocurrency debit card for you, congratulations. Sign up here NOW.
If not, check out one of the other epic cryptocurrency debit cards in our cryptocurrency debit card list. Good luck!