Review on CryptoPay USD by David Olayide
The CryptoPay Card. Good or Not
If you are into cryptocurrencies and the works, and you have never heard of the crypto debit card called the CryptoPay Card then you’re about to. Honestly the name does sound a little plain and the developers of this card payment system could probably do much better to provide a unique and attractive name. The Cryptopay debit card primarily supports these four crypto assets namely BTC, ETH, LTC and XRP. For fiat currencies, EUR, the GBP and the USD are equally supported. We hope to see that they add more crypto assets to their catalog as soon as possible.
The card is Visa oriented, so it can be used worldwide. Sadly though I’m afraid, investors from the United States can not make use of this card. The fees to be paid for the card includes an issuance fee, a monthly fee, a fixed ATM fee and a spending fee too. The monthly fee you pay is one dollar. The issuance fee is 15 dollars which is quite moderate and 3.50 for the ATM fee. When you purchase goods or anything with the card, 3.00% belongs to them.
All in all, the fees are a little moderate. Although I would say personally that the ATM fees are on the high side. The CryptoPay Card is now available to pre-order if you’re a verified user who living in the UK.
The CryptoPay card automatically integrates with your CryptoPay account, which allows you to buy, sell, store, and transfer cryptocurrencies like Bitcoin.
Pros
- Fast verification
- Good consumer support
- Compatible with Android and iOS
Cons
- Monthly fees
- Only supported in the UK
