The world is going digital. It may take a while but the time is coming when digital currencies will take over fiat.
With cryptocurrency debit cards, digital currency investors can easily deposit, withdraw and make payments from their crypto portfolios. There are certain features that make all these possible. These features range from different cards. Let us take a look at two of the best cryptocurrency debit cards to watch in the year 2019; BonPay and AdvCash.
BonPay Debit Card
BonPay is one of the zero-fee exchanges where cryptocurrency traders convert between digital currencies and fiat. This exchange offers virtual and plastic cards that allow users to pay and cash out online and offline with digital currencies. BonPay card accepts tens of digital currencies including Bitcoin, Ethereum, Bitcoin Cash, LiteCoin, Ripple, BON Utility token and most ERC20 tokens. If you are someone that is looking for a cryptocurrency debit card that offers free or little-fee services, BonPay is your choice.
The BonPay debit card works just like any other VISA card. You can use it to pay at offline and online stores, restaurants, etc. even when the recipients do not have the functionality to accept digital currencies. Be informed that this card cannot be used by the United States residents.
Currency denomination
BonPay denominates in USD and EUR. Conversions between these two currencies and other currencies in the world may attract extra fees. A user can acquire up to 4 BonPay cards; one plastic, one virtual card for each currency denomination (USD & EUR).
Top-up and withdrawal limits
Although there is no specified minimum or maximum daily top-up and withdrawal limits, BonPay card cannot have more than €20,000 at any one time.
Card fees
Both the virtual and physical plastic cards can be acquired for €10. The virtual card can be accessed instantly while the plastic card standard delivery takes 3 to 8 weeks. What is more, express delivery takes less than 10 days and does not require an extra fee. Loading BonPay card attracts 1% of the amount. To change your card PIN, you are required to forfeit €1 – the same amount you pay for the monthly subscription. Online and offline purchases do not require any fee. Withdrawing from ATM domestically and internationally costs little or no fee. In all, BonPay is one of the lowest-service-fees debit cards across the globe.
AdvCash Pre-Paid Card
AdvCash used to be among the most popular debit cards in the cryptocurrency space before their cards stopped working. Their previous cards (Swift) was could not be used by crypto holders residing in US and Middle-Europe. That is no more the case as this massive platform launches their new crypto debit cards in the first quarter of 2019.
2019 is bringing barrier-crushing services on AdvCash and that is why it is among the cryptocurrency debit cards to watch this year. This exchange's crypto pre-paid cards come in various forms: Master cards, VISA cards, UnionPay cards and direct cards for fiat currencies across the globe. It currently accepts Bitcoin, Bitcoin Cash, Ethereum, Ripple and Litecoin. AdvCash could be used to carry out various payment methods: online banking, local and international transfer, cash withdrawals at ATM, purchase payments in stores and restaurants, etc. This is indeed a massive platform that is connecting the crypto industry to the banking world.
Currency denomination
AdvCash denominates in USD, EUR and RUB. The debit cards are in form of USD/EUR VISA card for the United States and Europe residents, USD/EUR Master card for US and Europe residents, RUB VISA card for Russia residents and USD/EUR VISA card for the rest of the world. Making payment in other fiat currencies apart from USD, EUR and RUB attracts a fee of charged with $2.99 or 2.95% FX conversion rate.
Top up and withdrawal limits
The maximum amount you can top up on AdvCash daily is €3,000 and €90,000 monthly. There is no minimum withdrawal limit but unverified users cannot withdraw more than $500 a day. Verified users can withdraw up to $3,000 daily. The maximum payment amount you can make directly from the card daily is $10,000. Topping up from your e-wallet is free but $0.99 is incurred whenever you load from crypto wallets.
Card fees
The both AdvCash plastic cards (Master & VISA) issuance incurs a fee of $4.99. It takes a few weeks to get your card delivered to you for free while express delivery may attract a little additional fee. Card top-up from wallet attracts $0.99/€0.99 while each ATM withdrawal costs $1.99/€1.99. In case of loss or expiry, Card can be retrieved for $9.99/€9.99. To change your PIN, you will need to forfeit $1/€1 while checking your account balance incurs $0.5/€0.5.
Below are the features of Revolut and BitPay debit cards head-to-head.
| Feature | BonPay Debit Card | AdvCash Prepaid |
|---|---|---|
| Card Cost | Standard users: $10 | $4.99 |
| Card delivery | Free | Free |
| Denomination currencies | USD & EUR | USD, EUR & RUB |
| Supported currencies | BTC, ETH, BCH, LTC, XRP, BON, etc | BTC, ETH, LTC & XRP |
| Loading fee | 1% | $0.99/€0.99 |
| Transfer fee | TBD | $0.99/€0.99 |
| Minimum loading | No minimum limit | No minimum limit |
| Maximum daily top up | Not specified | $10,000 |
| POS | Free | 1% |
| ATM withdrawals | TBD | Free |
| Monthly subscription | Free | $1/€1 |
| Annual subscription | Free | Free |
Learn more about these Debit Cards through the following links:
References
- Best Bitcoin Debit Cards in 2019
- Bonpay Card for Digital Currencies
- AdvCash Prepaid Review
- AdvCash Review
Disclaimer
The information contained here shall not be used as a guide in your next crypto trade. The writer is not a financial advisor but a crypto trader just like you. Information presented in this blog is for educational use only.