Review on CryptoPay USD by Japheth Ayuba
Anonymity on the Cryptopay USD card is what's sustaining it's Market
The Crypto pay USD card has great support for the Crypto dream of achieving complete anonymity for it's users and they do this by offering different levels of verification and the lowest (which apparently supports anonymity) has limited fund usage in a 24 Hour window. This can't really be seen as a bad thing as they are against money laundering and terrorism yet at the same time offering the users what they asked for. As this card is issued by Visa, one can make transactions anywhere Visa cards. The cryptocurrencies supported for usage on the card includes Bitcoin, Litecoin, Ethereum and Ripples; all popular cyptocurrencies in the market today. Virtual cards are also issued by Cryptopay
The physical card can be easily requested using the Cryptopay wallet app for $15 as issuance fee. I have come to dislike this card for it's charges such as it's ATM fees of $2.5 for local withdrawal and $3.5 for international withdrawals. There is also a 4% fee charged by the wallet for buying cryptocurrencies with fiat (available to level 2 users). It's 1% exchange fee is the only fee I can describe as low along with it's monthly maintenance fee of just $1.
There are no cashbacks or rebates for using this card but it has already established a name in the Crypto industry due to its wallet high security level. It's physical card issuance is said to be restricted to Russia only which I couldn't verify. This is quite ideal for people who want to spend anonymously and is so recommended to such people
Pros
- Visa issued card and can be used anywhere Visa is acceptable
- Supports for Anonymity that comes with lower fund usage threshold
- The Cryptopay USD Card is controlled by it's native app that has great security features
- The card can be used by debiting 4 major cryptocurrencies
- Support for virtual card which can be used to make online payments
Cons
- No physical cards has been disbursed outside of Russia. This should be looked into if they intend to spread abroad
- Local ATM fees of $2.5 and international $3.5 fee for ATM withdrawals is considered high
