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 crypto debit cards.
Cryptopay primarily supports the following four cryptos: BTC, ETH, LTC and XRP.
The card will most likely support even more cryptos 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 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
Summary of Cryptopay 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 Cryptopay fees
The fees for this card 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 (or EUR 1.00 or GBP 1.00), which is in line with the industry average.
There is an issuance fee amounting to USD 15.00 (or EUR 15 or GBP 15). 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 This is not cheap, but compared to many other cryptocurrency debit cards that charges you a percentage of the withdrawn amount it can still be competitive for you, especially when withdrawing higher amounts from the ATM. Domestic ATM usage is cheaper (USD 2.50).
Furthermore, the most important fee of them all, the commission on spending. This card 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 also slightly above the industry average.
The maximum deposit for unverified accounts is USD 1,000 per day, but for verified accounts it is as high as USD 20,000 per day.
Finally, if this is the card for you, congrats. Sign up here NOW.
If not, you can also check out one of the other cards in our crypto debit card list. Good luck!