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 Uphold – one of the many cryptocurrency debit cards.
Uphold primarily supports the following cryptocurrencies:
The above is a impressive list of supported cryptocurrencies. The card will most likely support even more cryptocurrencies in the future.
With respect to fiat currencies, Uphold supports more fiat currencies than the vast majority of other cryptocurrency debit cards. The following fiat currencies are supported: AED, ARS, AUD, BRL, CAD, CHF, CNY, DKK, EUR, HKD, ILS, INR, JPY, KES, MXN, NOK, NZD, PHP, SEK, SGD and USD.
Uphold is a MasterCard. MasterCard and VISA have roughly the same acceptance rates, so Uphold can be used essentially everywhere.
US-investors may also use this card.
The last piece of general information worth noting here is that Uphold claims to be the world’s first transparent financial reserve. Uphold keeps a public record of its solvency – assets vs member holdings. This means that each user of the Uphold card can see that funds are there and accessible. This is an interesting approach that we believe will be more and more common.
The fees charged when using this card are not particularly high. There are of course fees involved in using it, but these are not deterrent to using it in our opinion.
There is no monthly fee. This is quite common. Something less common, however, is that there is no issuance fee either.
In any event, the most important fee of them all is the commission on spending. This card sets you back 1.80%. This means that if you buy a nice sweater for USD 100, this will reduce your crypto assets with USD 101.80.
The maximum deposit is USD 2,500. If you need a card with higher maximum deposit limits than that, don’t worry. Just have a look in our cryptocurrency debit card list to find another card for 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!