Review on WageCan GBP by David Olayide
The WageCan GBP Debit Card Review
The WageCan Prepaid card is a physical cryptocurrency card that allows any trader, investor or even a random individual, to make purchases with the cryptocurrency that they hold. You get to do this without any fear of hitches or long processes of converting in between currencies before you can spend. I found out that the card only supports one crypto, bitcoin and then some few fiat currencies that include EUR, GBP and of course, the dollar.
The card as I noticed is hosted on the Mastercard platform so this makes it really versatile and I could use it at any ATM machine or POS system that accepts Mastercard. This debit card has some features that made me think twice about acquiring it. I will list some here. First are the fees. After you get the card, you have to pay a monthly fee of 1 dollar. For issuance fee you get the card at 15 dollars plus. Using the card at an ATM will also set you back at least, almost 3 dollars per withdrawal.
So considering what this means, I have to say I didn’t really like the whole appearance. When I added up the fees I concluded that I won't like to use the card for my major transactions. So, the WageCan debit card is a little above the average fees charged in the industry.
When I tried to get more information about obtaining the card I found out that currently you can't purchase or subscribe to the services of the card. So if you want to know more you will have to monitor their website closely for more updates, or you can contact them personally.
Pros
- Support for fiat currencies
- Wire transfer as deposit option
Cons
- Holds only bitcoin
- Fees and charges are above average and constitute as high
