Uquid 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 (sandwiches, jeans, gardening supplies, etc.) with your crypto assets. This is a review of Uquid Card – one of the many cryptocurrency debit cards.
There are two types of Uquid Cards, the Bitcoin debit card and the altcoin debit card. The Bitcoin debit card only supports Bitcoin, so no surprise there. The altcoin debit card, however, supports close to 100 different altcoins. This is more than any other cryptocurrency debit card in our cryptocurrency debit card list.
With respect to fiat currencies, Uquid Card supports EUR, GBP and USD.
Uquid comes as a VISA-card. This means that you can use it anywhere where VISA-cards are accepted and withdraw cash from more than 34 million cash machines across the globe.
US-investors may also use this card.
Uquid Card Fees
Uquid Card’s fees are in line with industry average. There are of course fees involved in using it, but these are not deterrent to using it in our opinion.
The monthly fee is EUR 1.00 (quite standard).
There is an issuance fee set to USD 16.99 which is also in line with industry average.
ATM-usage results in a fixed fee of USD 3.00 per each withdrawal. 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. Usually, however, you can go to a bank to withdraw higher amounts in a more efficient manner.
Furthermore, the most important fee of them all, is the commission on purchases. Uquid Card sets you back 3.00%. This means that if you buy a lawn mover for USD 1,000, this will reduce your crypto assets with USD 1,030.
The maximum deposit is USD 2,800. 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!