Bitwala 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 Bitwala Card – one of the many cryptocurrency debit cards.
Bitwala Card has not yet launched. You can pre-register here though. As the card has not launched yet, the following is just the information we have received. We have not been able to independently verify any of the following information.
Bitwala will supports the following cryptocurrencies:
The card will most likely support even more cryptocurrencies once it has been operational for some time.
With respect to fiat currencies, Bitwala Card will support AUD, BRL, CHF, CNY, DKK, GBP, HRK, HUF, JPY, KRW, MXN, NOK, PHP, PLN, SEK, USD and VND. An impressive selection of fiat currencies for sure.
Bitwala will be a VISA-card.
US-investors may not use this card. So, if you’re an American and you’re looking to get a cryptocurrency debit card, you’ll have to resort to this cryptocurrency debit card list and pick one of the cards where there is a green checkmark in the “US Allowed”-column. It shouldn’t be that hard for you now, should it?
Bitwala Card Fees
Bitwala Card’s fees are not particularly high. There are of course fees involved in using it, but these are not deterrent to using it in our opinion.
The monthly fee is EUR 1.00, which is quite insignificant. There is an issuance fee set to EUR 8.00 which is also below industry average.
ATM-usage results in a fixed fee of EUR 2.75 on the withdrawn amount.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, is the commission on spending. Bitwala Card sets you back 3.00%. This means that if you buy e.g. a bottle of champagne for USD 100, this will reduce your crypto assets with USD 103.
To our knowledge, there will be no maximum deposit limit. So if you wish to deposit large volumes of cryptocurrency capital into your cryptocurrency debit card, this is of course beneficial to 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!