How to get bitcoin card

How to get bitcoin card

Bitcoin debit cards can be seen as a bridge from Bitcoin to the traditional financial system. They make it possible to spend your bitcoin anywhere credit cards are accepted.

Table of Contents

1. Isn’t Bitcoin supposed to be peer-to-peer cash? Why would I need a credit card?
2. How do Bitcoin debit cards work?
3. What are the fees for Bitcoin debit cards?
4. What’s the difference between a virtual and physical Bitcoin debit card?
5. How can I get a Bitcoin debit card?

Isn’t Bitcoin supposed to be peer-to-peer cash? Why would I need a credit card?

While Bitcoin enables people to transact peer-to-peer, this feature can only be taken advantage of within the network itself. If your local furniture store doesn’t accept bitcoin, you’ll have to pay via another method! Further, Bitcoin (at least in its current state on ‘layer one’) isn’t particularly useful as a medium of exchange for small-value items like your morning coffee or daily groceries. Why?

(1) Transaction fees are often significantly higher than with status quo payment networks like Visa and Mastercard.

(2) Transaction times are significantly longer than with status quo payment networks. Depending on the fees paid and the current level of network congestion, it takes anywhere from a few minutes to an hour for most Bitcoin transactions to confirm ‘on chain’ — and only when a transaction is confirmed on chain, meaning it’s included in at least one block, can final settlement be considered to have occurred.

For these reasons, Bitcoin’s use as a medium of exchange (on layer one) is currently restricted to higher value items where transaction times and costs are less consequential — like buying a car, boat, or house.

Note that so-called ‘layer two’ solutions like the Bitcoin Lightning Network solve the above-described challenges by enabling ‘off chain’ transactions. This is similar to how the Visa/Mastercard network functions in that millions of small transactions can go through quickly while final settlement occurs in large batches at a later stage. Unfortunately, Lightning Network is even less widely deployed than the standard ‘layer one’ Bitcoin network, meaning the places you can use it to actually buy things are few and far between. Therefore, for the time being at least, Bitcoin debit cards help make Bitcoin useful as a medium of exchange while layer two solutions are still in their infancy.

How do Bitcoin debit cards work?

Bitcoin debit cards are like prepaid credit cards. You can use them to make payments in person or online exactly like you would with any other credit card. You either enter your card details or swipe your card to make a payment, and merchants receive cash in their local currency. Many Bitcoin debit cards also allow you to take out cash from ATMs.

The two methods for funding Bitcoin debit cards are:

1. Top up your card by selling Bitcoin to cash in lump sums. In this case, you spend the cash as you make purchases using the card.
2. Link your Bitcoin wallet to the card such that each time you make an online or in-store purchase, you’re effectively selling the required amount of bitcoin for cash.

What are the fees for Bitcoin debit cards?

Depending on the provider, your Bitcoin debit card may or may not have an annual fee. You may also be charged a small fee each time you convert your Bitcoin to cash.

What’s the difference between a virtual and physical Bitcoin debit card?

With virtual Bitcoin debit cards, you’re restricted to making purchases online. Physical Bitcoin debit cards can be used both online and in person at any merchant that accepts the credit card type (eg. Visa or Mastercard).

How can I get a Bitcoin debit card?

Since Bitcoin debit cards are offered by registered businesses, you’ll need to provide identity documents in order to be approved. This isn’t a credit check, but rather a requirement for compliance with anti-money laundering regulations. Each Bitcoin debit card provider can only offer its card in the specific regions it has obtained the required license.

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Cryptopay cards are back
– in black

The Cryptopay prepaid card lets you spend your cryptocurrency anywhere Visa is accepted. Enjoy great spending limits, manage your funds anytime online or in-app, and always stay secured with Verified by Visa.

Order for the UK & Europe starts now.

For daily use and ATM withdrawals

Our plastic cards can be used anywhere Visa is accepted. This means you can spend your cryptocurrencies and make effortless ATM withdrawals worldwide. It’s private, secure and reliable – no surprises.

For online use and big purchases

Get an extra layer of security with Verified by Visa for your online purchases. Go big: use cryptocurrencies to spend up to €30K in a single online transaction.

Order your virtual or plastic card right now to get it among the first

We’ve taken care of everything

Our card was designed by crypto users, for crypto users. Cutting out third parties means we set the level of the quality we believe it should be – that’s what sets us apart.

It’s prepaid

The Cryptopay card comes without overdraft, so you won’t be surprised with overdraft fees.

Keep funds safe

We don’t play with your money in the stock market casino – we are not a bank, your funds are kept in a secure pot.

Take control

Lock and unlock your card instantly in the app or on the web, no need to contact us.

Use it worldwide

Crypto knows no borders. Use your card anywhere in the world – including ATMs.

Track your expenses

Get instant notifications, access transaction history and swap currencies anytime.

Keep things tidy

Manage your crypto balance and fiat currencies in one place, and exchange between accounts in seconds.

Pricing and limits

Cryptopay cards are designed for openness and transparency. So roll up your sleeves, here are the details:

Limited time offer

Join thousands of happy crypto enthusiasts in minutes. Get your virtual card totally free, and order your plastic card at a reduced price.

Why do I need a Cryptopay card?

Cryptopay card is the easiest and fastest way to cash out your cryptocurrency. Use our app and website to exchange coins from BTC, LTC, XRP, ETH whenever you need them.

How do I activate my card?

Once the card is delivered, all you need is to use the activation code supplied with the card. It’s as easy as that.

How do I pay for a Cryptopay card?

Pay for a card using any of our supported currencies: BTC, LTC, XRP, ETH. Alternatively you can send a payment from another wallet or pay directly from your account.

Where can I get my card statement?

You can track your payments, deposits, withdrawals, and transactions online in your wallet, available 24/7.

Services

Any questions?

Find all the answers from the Cryptopay team here:

Cryptopay Ltd is a company registered in England and Wales (company number: 08730592) whose registered address is 8 Devonshire Square, Spitalfields, London, EC2M 4PL. Cryptopay Ltd has been temporarily registered under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the payer) Regulations 2017 as a crypto asset business until 9 July 2021, pending the determination of our application by the Financial Conduct Authority (FCA).

CPS Transfers Limited is a company registered in England and Wales (company number: 10311113) whose registered address is 8 Devonshire Square, Spitalfields, London, EC2M 4PL. CPS Transfers Limited is registered by the Financial Conduct Authority (FCA), under the Payment Service Directive (FRN: 776056) as a Small Payment Institution (SPI).

In the UK, your Cryptopay Visa prepaid card is issued by PayrNet Ltd, pursuant to license by Visa. PayrNet Ltd is authorised by the Financial Conduct Authority to conduct electronic money service activities under the Electronic Money Regulations 2011 (Ref: 900594). CPS Transfers Ltd is the Card Programme Manager. Cryptopay Ltd is the Card Co-Brand. Please note the Visa card is an electronic money product and although it is a product regulated by the Financial Conduct Authority it is not covered by the Financial Services Compensation Scheme. We ensure that any funds received by you are held in a segregated account so that in the unlikely event that PayrNet Ltd becomes insolvent your funds will be protected against claims made by creditors.

In the EU, Your Cryptopay Visa prepaid card is issued by UAB PAYRNET pursuant to licence by Visa. UAB PAYRNET is authorised by the Bank of Lithuania to conduct electronic money service activities under the Law on Electronic Money and Electronic Money institutions (licence reference 72). CPS Transfers Ltd is the Card Programme Manager. Cryptopay Ltd is the Card Co-Brand.

The information on this site is not directed at residents of the United States or any particular country or jurisdiction where such distribution or use would be contrary to local law or regulation.

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How To Get A Bitcoin Debit Card

Bitcoin debit cards help bridge the Bitcoin world with traditional finance and you can either buy Bitcoins with your debit card or load a debit card with bitcoins to then spend bitcoins at almost any credit card accepting merchant.

• Overview — Table of Contents
• Cryptopay VISA Debit Card
• SpectroCoin Debit Card
• Uquid Debit Card
• Bitpay VISA Debit Card
• Xapo Debit Card
• Coinbase Shift Card
• Bitwala VISA Debit Card
• Services To Avoid

Buying bitcoins with a debit card is incredibly easy and we recommend SpectroCoin.

While Bitcoin debit cards do not allow users to spend bitcoins directly they at least allow people to store balances in bitcoin.

Since most debit card top ups only take a few seconds to confirm then bitcoin balances can be held up until the need to spend.

Cryptopay Debit Card

The oldest and most established Bitcoin debit card, the Cryptopay bitcoin debit VISA card with over 23,000 issued. Cryptopay bitcoin cards have made it simple for customers to spend bitcoins at millions of businesses around the world.

For purchases both online and offline, Cryptopay makes the process convenient for users and easier than ever for merchants.

There are both plastic and virtual Cryptopay Bitcoin cards issued. Cryptopay customers are not required to complete ID verification provided if they are happy to stay within the lower debit card limits. It is possible to stay anonymous where desired.

Costs range between €15.00, £15.00, $15.00 and €2.50, £2.50, $2.50 depending on currency, location and card limits.

SpectroCoin VISA Debit Card

SpectroCoin offers Bitcoin prepaid cards, which can be used at any ATM around the globe or shops as an ordinary payment card.

The card is funded instantly, so you do not have to worry about exchanging your bitcoins in advance.

The card can be denominated in dollars (USD), euros (EUR) or pounds (GBP).

Pay with bitcoins wherever you want. SpectroCoin bitcoin debit card is accepted everywhere where MasterCard or VISA is accepted. That includes automated teller machines (ATMs) for cash withdrawal, online sites, and physical shops. This Bitcoin debit card can also be linked to PayPal or any other online wallet.

Virtual and physical bitcoin debit cards are available. Virtual bitcoin cards are issued instantly and can be used to spend bitcoins anywhere online. Physical bitcoin cards are delivered within 1-4 weeks and can be used to spend bitcoins anywhere physically and online.

Instant loading. Bitcoin debit cards can be loaded immediately from SpectroCoin wallet.

No verification required. To simplify the process, you are not obliged to complete verification immediately. However, to benefit from higher debit card limits, you will have to verify your account.

Cards in several currencies are available. USD (dollar), EUR (euro) and GBP (pound) cards are issued.

Multiple digital currencies this debit card can be funded with various digital currencies including Bitcoin, DASH and more.

Low fees are guaranteed for SpectroCoin bitcoin debit card holders. The dollar, euro or pound denominated debit card costs 9 USD/8 EUR/6 GBP respectively. There is also no loading fee.

Unlimited lifetime withdrawals and deposits to the bitcoin debit card for verified cardholders. Other limits also being high.

Uquid VISA Debit Card

Uquid guaranteed for free access to Bitcoin, Ethereum, Litecoint, PIVX, Ripple, Monero, DASH and other 75 cryptocurrencies network.

Uquid enables users to utilise all the benefits of transfer coins into the debit card with real market price.

With guaranteed provides an easy and hassle-free. Unbanked and travellers can obtain a Visa debit card with no identification or credit check required and free delivery to 178+ countries.

Uquid users can spend over 75 different cryptocurrencies on mobile top ups, bill payments, pharmacy and food vouchers, transportation tickets, wi-fi recharges, and PIN-less calls.

BitPay VISA Debit Card

Although the newest Bitcoin debit card, BitPay’s VISA card is perhaps the most exciting of the bunch. It is the first Bitcoin debit card that is available to US residents from all 50 states.

BitPay’s debit card costs $9.95 to order, and arrives 7-10 days after purchase. It can be used online, in-person, and also works with any ATM that works with VISA cards.

Unlike Shift’s debit card (featured below), deposits lock in value in dollars. Shift’s debit card spends directly from your Coinbase balance, which creates an accounting nightmare for capital gains taxes when it comes time to file.

Xapo Debit Card

Xapo’s debit card was the first to market. It is available in most European countries, but not the United States.

The Xapo debit card costs $20 and also has an annual fee of $12. Once ordered, the card takes 10-25 days to be delivered. It debits funds directly from your Xapo web wallet.

Coinbase / Shift Card

Shift was the first Bitcoin debit card available to U.S. residents. It is currently available to residents in 41 U.S. states.

The Shift card connects to your Coinbase account. For each debit card purchase, it automatically withdrawals the necessary amount of bitcoins based on the dollar value of the transaction.

For now, the Shift card is completely free to use but costs $10 to purchase. Shift and Coinbase have both stated that in the future there will be transaction fees for each purchase.

Bitwala Visa Debit Card

Bitwala’s VISA debit card is the most affordable bitcoin debit card on the market, both in terms of card price and the lowest, transparent fees that follow card usage.

The Bitwala debit cards are issued in both physical and virtual forms and costs €2.00. Customers can also enjoy a super low 0.5% (€1 min.) fee for card top ups using Bitcoin or Altcoins.

Denominated in Euros, the Bitwala debit card can be used to pay online and offline where VISA is accepted. Cardholders can also cash out at any ATM worldwide with the best rates and transparent fees.

Bitwala offers 2 shipping plans: Free of charge (Arrives 7-10 days after purchase, no tracking information) and express shipping that costs €69.00 (Arrives 3-5 days after purchase incl. tracking information).

Services To Avoid

BitPlastic — was among the first Bitcoin debit cards. However, they do not appear to be innovating much.

Supposedly they are TOR compatible but I get strange error messages whenever I try to use their services. Perhaps I have too much cybersecurity on my computer for them!!

Additionally, many websites may fail to process a card with no-name. And if you lose your card then you have lost your funds so be extra careful!

E-Coin/Wirexapp — The signup process was extremely poor and required a phone verification. Then the account did not even function properly. So I am not sure they even offer a legitimate Bitcoin debit card at all. So just steer clear of these guys.

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