Review on BitPay USD by Faruk ELHAKAN
IS BITPAY THE BEST?
Benefits of Bitpay
The business behind the card is extremely popular and reputable. This is always a good indicator because it shows that they have a reputation to grow. When you open an account, the app provides you with a protected online wallet. If you are a citizen of the United States, you can get a prepaid Visa card. Card prepaid is useful for keeping your expenses in mind. The card can be used anywhere in the world, which is very useful. There are also no transaction fees when using the card locally. Bitpay offers solutions to companies as well as individuals.
Disadvantages of Bitpay
Bitpay can only accommodate Bitcoin users. This is a shame because there is a huge market for altcoins. The card is also only available to residents of the United States, who leave the rest of their crypto fans in the cold. Even if you put your hands on the card, you will quickly find that there is no chip and pin. This is something that I hope Bitpay will change in the future. There is a strict approval procedure. The company wants to see your Social Security number, address, and government-issued ID. It takes advantage of security, but is not perfect for privacy. Bitpay is stricter when it comes to authenticating users than other cards we've looked at. The card company charges maintenance fees five times higher than its competitors. This is an extremely expensive choice
Bitpay is a reliable option if you are located in the USA and are looking for a reliable company. They seem to protect their reputation as a trusted business. The card is low-cost and quick to obtain, but is only available to US citizens. Likewise, it is a bit of a restriction to only handle Bitcoin transactions. Also, some users may need to preload the card. The security measures Bitpay takes are outstanding. However, the approval process is more difficult than its competitors. Bitpay charges 1 fee per month compared to 5 fees that many other businesses charge.
Pros
- FAST
- PORTABLE
- RELIABLE
Cons
- ONLY ACCOMODATE BITCOIN USERS
New products
Comments (1)
November 13, 2020
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