Review on Uquid USD by David Olayide
The Uquid USD Debit Card
Uquid USD is a multiple currency crypto debit card that supports upwards of 80 different digital assets. The card can be used for cryptocurrency transactions and it is also a Visa affiliated card. This means that the card can be used at any location worldwide because, Visa is one of the top and most popular transaction platforms that facilitates quick and easy transactions online an on mobile devices.
The amount of cryptocurrencies that this card supports is very much higher than all other card I have seen before. With respect to fiat currency, the Uquid Card supports EUR, GBP and USD. Investors who are geographically based in the USA do not have access to this particular debit card.
To use the card you will have to pay a monthly fee of $1.00. Then you also pay about 16 dollars for the issuance fee. For each withdrawal you make from an ATM, you pay $2.50 as withdrawal charge. Now even though the fees are generally seen as average it is not comfortable to me. When I think about it I find that you might actually end up accumulating a lot of charges just for withdrawing money with your card. If the ATM you are withdrawing money from only allows little amounts at a time and you need a higher amount you will have to withdraw multiple times and so doing, incur multiple charges.
There is no spending fee however.
To get access to more features and special deals, the level of your KYC and how much information you supply them, determines the privileges you get. These privileges include stuff such as maximum deposits and such. The Uquid USD debit card is rated fairly and if you feel comfortable with it, then go ahead and enjoy.
Pros
- Supports a large number of cryptocurrenies
- Backed ans hosted by Visa
- Supports fiat currencies
Cons
- US based investors not allowed
- The fees are a little bit on the high side
- Payment of monthly fees and exorbitant withdrawal fees
