Until that happens though, make sure you are part of the European Economic Area (EEA), or Switzerland, Australia, or the UK. Then your money will be protected just like a regular bank account, Metropolitan Commercial Bank, Member FDIC, protects your account and is insured by the FDIC for up to $250,000. If you want to get in on the revolution then join the waitlist for this BTC card. Revolut will soon launch for customers in the US. But then to spend it, you must manually exchange amounts for fiat - this process is not automatic. If you plan to spend your crypto, you can deposit for free. Keep in mind that Revolut only allows users to buy Bitcoin, Litecoin, Ethereum, Bitcoin Cash, and Ripple - for which Revolut adds a 1.5% markup. The Metal plan even includes concierge service as well as up to 1% crypto cashback card payments - so if you spend enough, it could even cover the cost of the monthly fee. If you’ve paid for the Premium and Metal plans, then you’ll earn overseas medical insurance and priority support. Withdrawals above those limits will make you pay a 2% surcharge for this BTC card. If you’re Premium, then you can withdraw £400. Standard plans allow you to withdraw up to £200 per day from an ATM without fees. What’s the main difference between these plans? If all this interests you, then you’ll have a choice of three different account types: Standard, Premium, and Metal. A small selection of cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP).Spend cryptocurrencies in 150 countries worldwide - all while benefiting from the interbank exchange rate.55,000+ surcharge-free ATMs to withdraw $300 per month for free.One of the lowest markups on crypto purchases: 1.5%.For spending outside Europe: 1% cashback.This makes them one of the biggest crypto card providers out there.īut are they one of the best crypto card providers? Pros of Revolut Now they have 10 million customers worldwide for whom they’ve handled 750 million+ transactions. Revolut has been in the finance game since mid-2016. If you’re curious, check out BitPay and familiarize yourself with their guides on how to minimize or avoid their fees. Plus you can use it to make payments to other crypto users. You can manage a variety of your cryptocurrencies there. One thing that is very different from your standard bank card, however, is the BitPay mobile wallet. This isn’t terribly different from your standard bank card though. This means that if you travel to London and use your Bitpay cryptocurrency card to buy a £10 taxi ride - you’ll be charged a 3% fee to change your USD into British Pounds.Īlso worth noting: both domestic and international ATM withdrawals are charged at $2 for ATMs inside the US and $3 on all ATMs outside the states. And if you travel outside the US with your Bitpay Bitcoin card, you’ll incur a 3% currency conversion charge. So, for those of you buying and selling things in the states, the Bitpay crypto VISA card is a great option.īitpay seems to charge a 1% markup. $5 dormancy fee per month if you make zero transactions in that month.
0 Comments
Leave a Reply. |