Embily Card Review
A common argument for regular money (also known as fiat currency) as opposed to cryptocurrency is that you can’t use cryptocurrency to buy groceries and other everyday items. Well, through the use of a crypto debit card, you can. This is a review of Embily Card, one of the crypto debit cards out there
Embily Card is an interesting new card. The card is formally regulated by the Estonian financial authorities, as the parent company is Estonian (Embily OÜ).
The Embily Card is intended to be used by both new crypto investors, familiar investors, crypto adopters and globetrotters. The card has attractive functionality for each and every one of these groups.
Embily Card is a VISA card, meaning that you can use the 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).
The card currently has support for the following assets/transfers:
- USDT ERC20
- USDT OMNI
- USDT TRX
- IBAN transfer for legal entities
- For b2b — IBAN transfer with distribution to customer cards
Please note though that no card holder is required to hold tokens or buy coins.
Picture of Card
There are two versions of the card: plastic and virtual. The plastic will of course need to be ordered and shipped before its possible to use, but the virtual card will be ready in just 5 minutes from ordering. The plastic card costs EUR 100 (shipping is free of charge), but if you order through this link it comes with a EUR 25 deposit bonus, so in reality only EUR 75. The price for the virtual card is EUR 20, but if you order through this link it comes with a EUR 5 deposit bonus.
If you are from any of the below jurisdictions, you are not permitted to use the card:
"Afghanistan, Bahamas, Benin, Cameroon, Central African Rep, Chad, Congo (Democratic Republic), Cote D'Ivoire, Cuba, Eritrea, Ghana, Guinea, Guinea Bissau, Haiti, Iran, Iraq, Korea (Democratic Republic), Kuwait, Lebanon, Liberia, Libya, Malaysia, Mali, Myanmar (Burma), Nicaragua, Pakistan, Panama, Palestine, Qatar, Somalia, South Sudan, Sudan, Syrian Arab Republic, Togo, Trinidad & Tobago, Uganda, USA, Venezuela, West Bank, Yemen, Zimbabwe, Crimea, Luhansk National Republic (LNR), Donetsk National Republic (DNR), Donetsk region, Lugansk region, Nagorno Karabakh, Kashmir, Gaza Strip, South Ossetia, Abkhazia"
If so, we recommend you to use our Debit Card List to find another card for you.
Embily Card Cashback
What is a cashback feature? Well, it's actually quite simple, every time you use the card, a percentage of what you pay with the card gets transferred back to you, normally in the form of tokens.
Embily Card does not currently have a cashback function, but according to information provided to us here at Cryptowisser.com, this function "is planned in the near future".
Embily Card Fees
Embily Card’s fees are fairly competitive.
There is a monthly fee of EUR 2.00 per month. This fee is charged within 24-48 hours from when the card has been activated on the website. Any following monthly fee charges will be made on the same day each month.
The most important fee of them all is the commission on spending. Embily Card doesn't really have a commission on spending as far as we know. Loading, however, comes at a fee of 1.00%, so this practically becomes a spending commission, as you can't spend without loading.
There is an additional "spending commission" for transactions you make outside of the card's currency, where the company charges a 1.50% Foreign Exchange Charge. This is quite standard among crypto debit cards.
Here's the full list of fees for the Embily Card:
Embily Card Limits
The following are the limits to using the card in EUR. The Tier-levels set out in the picture are different levels of KYC. The more information you have provided, the higher Tier-level do you get. The below limits are for the lowest level, Tier 1:
If this is the cryptocurrency debit card for you, congratulations. Get one, including EUR 25 deposit + free home delivery, by clicking here.
But if not, check out one of the other cards in our crypto debit card list.