Review on BitPay USD by Temitope Babatunde
BitPay Card Making Spending Of Your Crypto Coins Easier.
Bitpay card for USD is a product of BitPay which is a payment processor or gateway that allow people to spend their cryptocurrencies by helping to convert it to spendable currency.
With the debit card the process become more simple. The card support USD only but can be spend anywhere where there is ATM. Before one can have the card the user must have first registered with bitpay and carried out the KYC.
The card supports bitcoin and bitcoin cash.The card is issued in USA by Metropolitan Commercial bank and is available in US, which means US investors can use it. If you request for the card you will have it between 7 to 10 days.
Issuance fee is 2.95 dollars, but at atm point you will pay 2 dollars. If you are using it at an international ATM you will pay 3 dollars, if you need convertion you will pay 3 percent of your spending. There is 5 dollars for dormancy. Daily limits for adding fund to your card is 10,000 dollars and maximum spending per day is 10,000 dollars.
The card has security as it can be control inin your BitPay application. They have good customer care service too.
Pros
- It makes spending of bitcoin easier, because you can easily convert your bitcoin into fiat currency.
- It is Visa card type, so that it is possible to use it anywhere you can use your Visa card.
- There is no monthly fee for using it.
- It is very secure, you can control it through your bitpay app
- There is a cashback if you use it at POS point.
Cons
- There is KYC
- If you deposit through third party like western union there is extra fee 4.95 dollars.
