Among the best cryptocurrency debit cards in 219 are CryptoPay and Uquid debit cards. Let us take a look at their features.
CryptoPay
CryptoPay Debit Card provides cryptocurrency traders various ways of spending their digital currencies anywhere across the globe. You can use this card to pay for your purchases in stores, restaurants and also do other transactions like fiat transfers between accounts, etc. You can decide to go for a virtual card or a physical one that could be held. Unlike Uquid, CryptoPay wallet only accepts Bitcoin.
Currency denomination
CryptoPay denominates in three currencies: USD, EUR and GBP. If you are using this debit card outside Europe and the United States, you will be required to pay 3% of your transaction as transaction fees. You can load the card through your CryptoPay wallet using SEPA, UK FPS or any bitcoin address.
Top up and spending limits
There are two categories of users on CryptoPay: Verified and unverified. As expected, the two have a different top up and spending limits. Although there is no actual minimum, the maximum single top up for verified users are $10000, €10000 and £8000 for USD, EUR and GBP cards respectively while unverified users can top up $1000, €1000 and £800 maximum for USD, EUR and GBP cards respectively.
The maximum that verified users can load daily is $20000, €20000 and £16000 for USD, EUR and GBP cards respectively. Unverified users cannot top up more than $1000, €1000 and £800 in a single day on their USD, EUR and GBP cards respectively. Bear it in mind that unverified users can only top up their cards two times maximum on a daily basis while there is no limitation to verified users.
The maximum amount that unverified users can load on their USD, EUR and GBP cards in a lifetime are $1000, €1000 and £800 respectively but there is no limit to the amount that verified users can top up on their cards in a lifetime.
Verified users can withdraw as much as $2000, €2000 and £1600 on their USD, EUR and GBP cards while the maximum withdrawal limits for unverified users are $400, €400 and £320 respectively. What is more, verified users can load from third parties (i.e. from other wallets) while unverified users can only load from their CryptoPay wallets.
In a nutshell, you can only enjoy CryptoPay card services to the fullest when you are a verified user. Otherwise, the limitations to top-ups and withdrawals will restrict you from using the services to their full potentials.
Card fees
You are required to pay $15 for CryptoPay USD card, €15 for EUR card and £15 for the GBP card be it a physical card that you can hold or a virtual card. Standard card delivery is free although it may take a couple of weeks to arrive at your destination. Express card takes a few days at a delivery fee of $75, €70 and £50 for USD, EUR and GBP cards respectively. CryptoPay charges 1% of your transaction as a top-up fee every time you load. When you withdraw from ATM in the United States and Europe, you will be charged with €2.25 m, £1.75 or $2.50 depending on your region currency.
Using CryptoPay cards outside the specified regions attract €2.25, £1.75 or $2.50 while other transactions like the use of POS terminal or online banking at stores or restaurants attracts 3% of your spending as transaction fees. Inline with the given fees above, CryptoPay charges $1, €1 and £1 as the monthly due for the respective cards.
Uquid Debit Card
Uquid has revolutionized the use of cryptocurrency debit cards to power day-to-day transactions. This is a card that could be top up with over 90 digital currencies and direct fiat loading from your bank account. So in a nutshell, it is just like the normal fiat debit card used in banking.
Currency denomination
Uquid denominates in USD, EUR and GBP. So if you are spending your cryptocurrencies with this card outside the countries where these currencies are spent, you will be required to forfeit some amounts as transaction fees. But be rest assured; it cannot exceed 3% of your transaction amount.
Top up limits
There are two levels of users on Uquid. The first; Silver level users cannot top up more than $150 on a daily basis. The Gold level users can load up to €20,000 as many as 4 times in a single day. I know this may seem to hold the Silver level users back sometimes but not so many cryptocurrency debit cards could be used in almost all the countries in the world including the United States or support close to 100 cryptocurrencies.
Card fees
Acquiring the Uquid physical debit card will only cost you $17. As stated earlier, using this card to spend cryptocurrencies at ATMs outside the countries spending USD, EUR and GBP will attract 3% of your spending as transaction fees. Using it to make payments at POS terminals does not attract any fee. As well, loading this card is free but you will be charged $1 monthly.
Let us compare the features of CryptoPay card to Uquid debit cards. The table below illustrates the features head-to-head.
| Feature | CryptoPay Card | Uquid Card |
|---|---|---|
| Card Cost | $15/€15/£15 | $17 |
| Card delivery | couple of weeks (few days for express delivery at $75/€70£50) | Free. Takes 2-8 weeks |
| Denomination currencies | USD, EUR & GBP | USD, EUR & GBP |
| Supported currencies | Bitcoin | Over 90 cryptocurrencies |
| Loading fee | 1% | Free |
| Minimum loading | No minimum limit | No minimum limit |
| Maximum daily top up | Unverified users: $1,000/€1,000/£800, Verified users: $20,000/€20,000/£16,000 | Silver level: $150, Gold level: €20,000 |
| POS | 3% | Free |
| Domestic ATM | $2.50/€2.25/£1.75 | $3 |
| International ATM | $2.50/€2.25/£1.75 | $3 |
| Monthly fee | $1/€1/£1 | €1 |
Learn more about these Debit Cards through the following links:
References
- 5 best cryptocurrency debit cards
- CryptoPay Debit Card Review
- Uquid Card Review
- Uquid Debit Card Review
- Uquid Card 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.