Review on BitPay USD by Fanuel PORPORTY
Bitpay - A simple and safe way to spend your cryptos
Wouldn't it be nice if you could convert your crypto assets into daily purchases and buy goods with bitcoin and other altcoins? Well, now it is possible. Simply get a cryptocurrency debit card and spend your cryptos at any store that accepts VISA cards. So buy non-virtual products: (sandwiches, jeans, gardening supplies, etc.) with your cryptographic assets.
The card is available in all 50 US states. You must have a personal address (no PO box), government-issued and social security identification
The card costs $ 9.95 and takes 7 days to arrive by mail. There is no transaction fee for the Bitpay card. The Bitpay card supports Bitcoin (BTC), Bitcoin Cash (BCH), Gemini Dollars (GUSD), USD Coin (USDC) and Paxos (PAX).
If you use the card outside of the United States, you will have to pay a conversion fee of 3%. If you withdraw money from your card, you will pay a fee of $ 2 ($ 3 outside the United States).
Pros
- I think Bitpay Card charges competitive fees. This means that the fees with this card are not a drawback to its use. There are cards with lower fees, but certainly also cards with higher fees.
- Well known company, no transaction fees
Cons
- Limited to US residents only, Bitcoin only
