UPDATE 1 January 2021: For the avoidance of doubt, you can not order a card from Advcash yet. It is "coming soon". You can however open an account with Advcash (similar to a bank account) and use today.
To find an active crypto debit card that you can use today, please visit our Crypto Debit Card List to see what options there are.
A common argument for regular money (also known as fiat currency) as opposed to cryptocurrency is that you can’t use cryptocurrency to buy groceries and other everyday items. Well, through the use of a cryptocurrency debit card, you can. This is a review of Advcash, one of the crypto debit cards out there.
Advcash supports a few different cryptos: Bitcoin, Litecoin, Ethereum, Ripple, Bitcoin Cash and ZCash. The card will however most likely support even more cryptocurrencies in the future.
With respect to fiat currencies, Advcash will support EUR, BRL, KZT, RUB, UAH and USD.
As a few of its main advantages, Advcash highlights that it will be easy to fund, that it can handle multiple currencies within the same account and that it will also be easy to withdraw from. All of these advantages are indeed very helpful for a crypto debit card holder so we agree that they should be highlighted.
US-investors will not be able to use this card. So if you’re from the US and you’re looking for a crypto debit card, please refer to our Crypto Debit Card List to find one for you.
Picture of Card
The following is a picture of how the card will look (updated on 20 January 2021):
As the card hasn't been launched yet, we cannot independently verify the fees charged by this card. The below information has been provided to us by representatives of Advcash. The fees presented below can thus be changed when the card has launched. We will then make sure to update this review ASAP.
There will be an issuance fee set to USD 14.99. USD 14.99 is in line with industry average.
There will be no monthly fees, which is very beneficial for the customers.
ATM-usage will result in a fixed fee of USD 2.99, unless the withdrawal is made in RUB, in which case there will be no fee at all. The fixed fee structure might be bad 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 will set 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 will charge you 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 will be USD 250,000 (post-verification). 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 to create an account with Advcash, and then order the card once it is released.
If not, check out one of the other cryptocurrency debit cards in our debit card list. Good luck!