Bonpay 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 (coffee, beer, clothes, etc.) with your crypto assets. This is a review of Bonpay Card – one of the many crypto debit cards.
Bonpay Card’s mission statement is the following:
“Make cryptocurrency and traditional money interchangeable and equally useful for everyone — from cryptoenthusiasts to casual users. Make cryptocurrency simple, fast, and safe. Provide better tools for cryptocurrency banking and make it more popular with casual audience.”
Bonpay Card is supported in 136 countries, accepted by 3.5 million ATMS and supports 125 fiat currencies. The fiat currencies include (but is not limited to): AED, AUD, BRL, CAD, CHF, CNY, DKK, EUR, HKD, ILS, INR, JPY, KES, MXN, NOK, NZD, PHP, SEK, SGD and USD.
Bonpay Card only supports Bitcoin. The card will most likely support even more cryptocurrencies in the future.
Bonpay Card is a Mastercard, meaning that you can use the card at any point of payment that accepts Mastercard. This is of course a great advantage, seeing that Mastercard (and VISA) are the most accepted cards in the world.
US-investors may not 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
Bonpay Card Fees
We think that Bonpay Card charges competitive fees. This means that the fees with this card is not a disadvantage to using it.
The monthly fee is USD 1.00 and the issuance fee is USD 15.00. These fees are both in line with industry average.
ATM-usage results in a fixed fee of USD 2.50. 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.
Furthermore, the most important fee of them all, is of course the commission on spending. Bonpay Card, however, has no such fee. This is a very strong competitive advantage for Bonpay Card.
The maximum deposit is USD 20,000. This is a relatively high maximum deposit limit. However, if you’re a real high-roller and you need an even higher deposit limit, don’t worry. Just have a look in our crypto debit card list to find a better card for you.
If this is the crypto debit card for you, congrats.
If not, you can also check out one of the other cards in our crypto debit card list. Good luck!