CryptoPay Card Review
CryptoPay Card Review
Cryptopay Card Review: Features, Highlights, and Fees
When the need to fill the gaps in transacting using digital currencies and traditional finance skyrocketed, crypto debit cards have been introduced to the market. This card is extremely useful in transferring funds, making payments, and even purchasing online and in physical stores. It is convenient and easy to use.
Aside from that, it also makes it easier for other people to engage in cryptocurrencies because the paradigm of the card is easy to understand. However, you must choose the right crypto debit card to suit your needs. Since several crypto debit cards are available in the market, it can be overwhelming to choose the right one for you.
Today, we are going to review one of the popular crypto debit cards in the market – the Cryptopay Card. Weighing its pros and cons, a brief overview of the product, and examining its featured highlights can help you to determine if this is the right crypto debit card for you.
Cryptopay Debit Card
Introducing the Cryptopay Debit Card. This card is designed to provide convenience to users who wanted comfort when converting their crypto assets into purchases. It can also work as payment in buying goods using bitcoins and other major tokens in the market.
You can also use this debit card in paying for your non-virtual goods such as coffee, clothes, shoes, etc. with your crypto assets. With its easiness to use and the variety of benefits that it can offer, this debit card has attracted hundreds of customers online.
|Supported Currency||Bitcoin, Litecoin, Ripple|
|Card Options||Physical Card|
The Cryptopay is a VISA-card. It means that you can make use of this card at any merchandising or retail store that accepts payment via VISA. This is one of the biggest advantages of purchasing this card. VISA is recognized globally, anywhere in the world, together with MasterCard.
Investors from the United States can also use the Cryptopay card.
Now, you can spend your bitcoins with ease using this debit card. There are numerous advantages that you can enjoy by investing in this crypto debit card. You can also make use of it when you’re circumventing movements in the market.
The Cryptopay card provides the users with a quick and hassle-free payment using bitcoins. This VISA debit card can secure bitcoin amounts that the users can use to purchase and pay for virtual and non-virtual goods.
Users of the Cryptopay card can also sell their bitcoins using the bitcoin wallet as long as they have a FLEX account. It is easy to convert USD amounts to bitcoins thanks to this crypto debit card. This wallet is strategically designed to store currency amounts using the same account. In that way, you’ll be able to send money overseas without much hassle.
And as mentioned earlier, it can also be used for offline spending and payments. This crypto card is accepted in any store where VISA cards are accepted as payment methods. In that way, you can buy millions of goods online and offline with the use of this VISA card.
Once you have signed up and paid for the card, expect to receive your VISA card in less than three weeks. An excess fee may be required for residents who have chosen an express delivery option.
As of today, the Cryptopay has issued over 120,000 cards from users all over the world. In just 30 days, they were able to complete 30,000 transactions, and the numbers are continually growing due to the popularity of the card.
Here are the following benefits that you can enjoy with the Cryptopay card:
• Low commission
• Free worldwide shipping
• Chip and Pin virtual cards are available
• Accepted in any major card payments
Fees, Limits, and Incentives
As for the fees, signing up for a Cryptopay debit card will require you to pay the monthly fee, fixed fee for ATM usage, issuance fee, and their spending fee. Here is a breakdown of the included charges:
• Monthly Fee- 1.00 USD
• Issuance Fee- 15.00 USD
• Fixed Fee for ATM- 3.50 USD
• Spending Fee- 3% of the purchase
The maximum amount of money that you can deposit in this crypto debit card is only USD 2,500. It is enough to provide convenience in buying goods online and in physical stores using your debit card.
Keep in mind that the 3% is a bit expensive and above the average industry rate.
Moreover, the commission on spending is to be considered necessary when checking out the fees of a crypto debit card. The Cryptopay card will set back 3%. For instance, if you decide to buy your partner a pair of shoes worth USD 105, it will, in turn, reduce your existing crypto assets with USD 108.
On the other hand, it has a fixed fee of USD 3.50 ATM per usage. While this can be quite a bit in your pocket, compared to other crypto debit cards, this fee is affordable. It does not charge you of any percentage from the amount that you are planning to withdraw. This crypto debit card is ideal for users who withdraw huge amounts of money from ATM machines now and then.
As you can observe, the fees involved in this crypto debit card are moderate. Its USD 1.00 monthly fee is in accordance with the average rate of the debit cards in this industry. It also requires an issuance fee of USD 15.00 that you only have to pay once, and it is also in accordance with the industry average.
However, it is worth considering that with the three currencies mentioned above, it is important to know if you can make use of the currencies considering the fees associated with the Cryptopay debit card. Otherwise, it is an easy-to-use, convenient debit card for everyone.
Considering the convenience that the Cryptopay card can offer, it is a debit card worth investing. Its website is easy to navigate, and the card is easy to use. You can use it in a number of payments for both online and offline purchases.