Bitpay Card Review
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 Bitpay Card – one of the many cryptocurrency debit cards.
Bitpay Card primarily supports the following cryptocurrencies:
The card will most likely support even more cryptocurrencies in the future.
With respect to fiat currencies, Bitpay Card supports only USD.
The Bitpay Card’s card type is VISA.
US-investors may also use this card.
Bitpay Card Fees
We think that Bitpay Card charges competitive fees. This means that the fees with this card is not a disadvantage to using it. There are cards with lower fees out there, but definitely also cards with higher fees.
Bitpay Card has no monthly fees and the issuance fee is a moderate USD 9.95. This is below the industry average.
ATM-usage results in a fee of USD 2.00 on the withdrawn amount. This 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. Bitpay Card sets you back 1.00%. This means that if you buy a nice pair of designer shoes for USD 300, this will reduce your crypto assets with USD 303.
The maximum deposit is USD 25,000. If you are a true high-roller and 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. If not, check out one of the other epic cryptocurrency debit cards in our cryptocurrency debit card list. Good luck!