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 Cryptopay – one of the many cryptocurrency debit cards.
Cryptopay primarily supports the following cryptocurrencies:
The card will most likely support even more cryptocurrencies in the future.
With respect to fiat currencies, Cryptopay supports EUR, GBP and USD.
Cryptopay is a VISA-card, meaning that you can use the Cryptopay-card at any point of payment that accepts VISA. This is of course a great advantage, seeing that VISA is the most widely accepted card in the world (alongside MasterCard).
US-investors may also use this card.
If you sign up for this card, you will be in the company of more than 120,000 other customers (at the time of writing this review, 121,248 prepaid cards have been issued by Cryptopay). Over the last month, more than 30,000 transactions had been processed. There is no doubt that Cryptopay has an interesting and competitive offer and that its cryptocurrency debit card is there to stay.
Summary of fees
Cryptopay’s fees consist of a monthly fee, an issuance fee, a fixed fee for ATM usage and a spending fee.
The monthly fee is USD 1.00.
The issuance fee is USD 15.00.
The fixed fee for ATM-usage is USD 3.50 per usage.
The spending fee is 3.00% of the purchase.
More detailed information on fees
Cryptopay’s fees are quite balanced and moderate. There are of course fees involved in using it, but these are not deterrent to using it in our opinion.
The monthly fee is USD 1.00, which is in line with the industry average.
There is an issuance fee amounting to USD 15.00. This is a one-time fee that is also in line with industry average.
There is a fixed fee for ATM-usage. The fee is USD 3.50 per usage. This is not cheap, but compared to many other cryptocurrency debit cards that charges you a percentage of the withdrawn amount it can still be competitive for you, especially when withdrawing higher amounts from the ATM.
Furthermore, the most important fee of them all, the commission on spending. Cryptopay sets you back 3.00%. This means that if you buy a nice sweater for USD 100, this will reduce your crypto assets with USD 103. 3.00% is slightly above the industry average.
The maximum deposit is USD 2,500.
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!