Bitcoin has gained popularity over the years, and in its tenth year of existence, it seems that bitcoins as an entity have consistently featured on Google’s most searched word list.
If you are a crypto enthusiast, you will be aware of the plight of the investors in making use of the bitcoins that they mine or buy.
What are Bitcoin Debit Cards?
Bitcoins debit cards offer you the option of topping them up with BTC and then converting the same to fiat currency.
This system which is aimed to initiate more widespread use of cryptocurrencies grants the user much more freedom to use their BTC.
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Best Bitcoin Debit Cards:
If you have been having issues deciding which bitcoin debit cards to use, we might be able to help you out. Here is a list of the for best Bitcoin debit cards, for your convenience.
There are only four active companies who provide Bitcoin debit cards.
1.Wirex Bitcoin debit card
The good things by about Wirex Bitcoin debit cards is that it is run by an established company and supports multiple coins.
However it is relatively high maintenance and is available only in the EEI.
Previously known as E-coin, the company rebranded to Wirex in 2016. And supplies a Chip & Pin visa debit card that can be loaded through your Wirex app (desktop or mobile).
The card can be loaded with Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Litecoin (LTC) and its balance can be converted to USD, EUR or GBP.
The card is available to all EEI residents and will soon be available in North America and Asia as well. The card is usable anywhere Visa is accepted. However a amount of $2.5 is charged for ATM withdrawal within Europe and $3.5 outside of it.
The company also supplies a virtual card if you don’t need the actual plastic.
2.Bitpay Bitcoin debit card
While this is well known company and there are not transaction fees involved, it is limited to US citizens only.
The card costs a flat fee of $9.95 and takes about 7 days to arrive in the mail. It can be used outside the US with a 3% conversion fee. If you withdraw money from your card you will pay a $2 fee ($3 outside the US). There are also additional deposit and mailing fees involved.
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3.Cryptopay Debit Card
This one has multiple currency support but is restricted only to Russia with slightly higher fees.
Founded in October of 2013, Cryptopay is a wallet and payment platform that also issues a Bitcoin debit card.
Though the card is currently available in Russia only, European residents can use a virtual card. Either a physical card with a pin can be ordered or a virtual debit card can also be used.
The card supports BTC, ETH, LTC and XRP, costs $15 and is shipped for free worldwide. ATM withdrawal costs $2.5 and international currency change adds another 3% on each transaction.
The card also requires a monthly maintenance fee of $1 and a 1% commission for loading money.
If non-verified, you can load up to €1000 in your card.
4.Shift Bitcoin debit card
The good thing about Shift Bitcoin debit card is that it easily connects to your Coinbase account while no maintenance fee is required.
However it is restricted to only bitcoins there is a high ordering fee.
The company supplies a debit card that is connected to your Coinbase account.
It costs $20 to produce and there is a 3% charge on international currencies with $2.5 flat ATM withdrawal fee and $3.5 for international withdrawals.
The Shift debit card is accepted at any Visa supported payment terminal.
Now if you have figured out the best options when it comes to which Bitcoin debit card to use but are still unsure about whether to invest in bitcoins, given the bearish market, here are
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