Good afternoon folks,
Today we will analyze a method to optimize the fees for cash withdrawal by ATM using a debit card loadable in bitcoin.
As comfortable, a heavy annoyance of bitcoin debit card are the huge fees for cash withdrawals. So, after a long research, i found a confortable way to pay less fees.
But first, the ingredients:
- Download the Revolut app from Google play store or Apple store.
- The Revolut card ( at least something physical to withdraw we still have it )
- Cryptopay.me virtual or plastic card ( i prefer virtual, is cheap and immediate)
So, let's start with the download of the Revolut app from your App Store and order a the debit card, in about 3 or 4 days will arrive at your address already activated, this process is totally free.
The main features of Revolut card are the following:
- Totaly free card issuing
- ATM cash withdrawal free to 650€ every calendar month. (BOOM, the secret)
- You can reload via another debit card ( eheh )
- The best interbank fee for currency conversion ( for more information https://revolut.com )
But unfortunately it is not be loaded in bitcoin, for this reason we need another debit card.
So, register and login to Cryptopay.me , deposit a few bitcoins and order a virtual debit card. be careful that the name and address of virtual and Revolut card must be the same.
When your virtual card is ready deposit and convert some bitcoins ( there is a 1% fee ), now through the Revolut app set your Cryptopay virtual card as 'Top up' method and transfer EURs to your app.
Now you can withdraw cash at ATM with zero fee .
UAU
P.S. This work well with VISA virtual cards.
N.B. If you are verified user, you can transfer more money, obviously
N.B.2 This process work only with EUR and GBP card, in USD there are hidden fees in Revolut card ( nearly 3% )
N.B. 3 Be careful, cash withdrawal is free to 650€ every calendar month.