Review on BitPay USD by Robiul Islam
A well established and widely acclaimed company.
Using this card was pleasant and easy. This is of course a downside, using instant fiat conversion, but essentially allowing for easy bitcoin sales with personal debit cards in real-time. Purchases were easy and I had visible access to these transactions on my account page after each one. Fees are explained throughout the process and are relatively inexpensive and avoidable. The ATM fee is $ 2, AHC transfers are $5 and there is a charge of $5 unless you use the card for 90 days.
Definitely a convenient card to use for emergency purposes but I think it could be limiting due to having to transfer an exact amount.
Pros
- If there is a bitcoin rally and users need to cash out some bitcoin, they won't need to make purchases with merchants to do so.
- Users will have fewer taxable events for bitcoin with a prepaid card. For example, if a user top-ups their Card once a month but spends every day, they'll have only 12 transactions to track for taxes. If the conversions happens when spending with merchants, there may be hundreds of transactions to track.
- Not linking the card to a bitcoin account and making pulls those accounts also means cardholders can use any bitcoin wallet to load. This also means they maintain full push-only access on their funds.
Cons
- Service is only for US citizens and the company currently don’t incorporate discounts or any special incentives to use the card.
New products
Comments (4)
November 13, 2020
Everything has beauty, but not everyone sees it. The best way to predict your future is to create it.A heart that loves is always young.Every accomplishment starts with the decision to try.
May 30, 2020
Definitely, the card has made it easy for transactions to take place. And it helps to gain access to your account anytime. It a good invention. And that has also add a plus to the technology world.
May 15, 2020
Nice work using the card was easy this is of course a downside using fiat conversion but essentially allowing for easy bitcoin sales with personal debit cards in reality. Purchase was cool and I had easy access to that
May 01, 2020
Using this card was pleasant and easy. This is of course a downside, using instant fiat conversion, but essentially allowing for easy bitcoin sales with personal debit cards in real-time. Purchases were easy and I had visible access to these
