Review on Loadoo USD by Olugbenga Ajayi
Loadoo already seized registration of new users
Loadoo, a cryptocurrency debit card was founded in 2016 and it is a card that support only bitcoin and the giant flat currencies like EUR and USD.
Loadoo card is a Visa card in nature so it is acceptable for online and offline transactions anywhere a Visa card is accepted.
The card is secured with a third party institution that uses two factor authentication and other security technologies. For top ups, it accepts bank wire, PayPal, Bitcoin and gift cards.
However there are lots of charges attributable to the use of Loadoo card. Among others are issuance fee of $15, monthly fee of $1, local and international ATM usage fee, commission on spending etc. Some of these charges are actually far from the industry standard.
Further research revealed that loadoo has stopped accepting new registration,so it is unlikely that an intending user may get it for now.
Pros
- It does not charge dormancy fee
- It does not have a minimum deposit
- It offers users a good annonymity
- It secure funds in a third party institution which makes use of two factor authentication for security
- It does not charge delivery fee
Cons
- It has spending limit
- There are many fees attached to the use of this card
