1 Level
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7 Karma
Review on BitPay USD by Ahmet Karakaya
Not bad not great crypto debit card
As the first BTC debit card for US citizens, Bitpay made an amazing job. I hope one day they will accept worldwide customers for ordering the card. Their Bitgo platform was super for sending/receiving transactions but they need to develop this payment gateway for competing with the alternative payment systems. Everyone who has US residents can order the card and use the cryptocurrencies for making aa payment on coffee shops, restaurants, shopping malls, etc. The ATM withdrawal fee is around 3 USD if the user wants to withdraw cash from the Bitpay card at the foreign countries, for the US located ATMs the withdrawal fee is 2 USD. The daily withdrawal limit is $1500 and you can withdraw up to $500 in a single order. Anyway, this card has lower fees compared to the alternative BTC debit cards but the big minus is the lack of worldwide shipping, in my opinion.
Pros
- The high rate for covnerting BTC to cash
- Accepted card everywhere where VISA accepted.
- The express delivery of card
Cons
- Limited to US citizens
- Only major cryptocurrencies can be sent for Bitpay card
- The strict KYC-AML rules
- Daily ATM withdrawal limit is $1,500 US
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Comments (1)
January 10, 2020
He still needs to make a safe option. You need to broaden your horizons.
