Review on CryptoPay USD by Sergio Daniel Delgado
CryptoPay USD
Cryptopay is a VISA card that mainly supports Bitcoin, Ethereum, Litecoin and Ripple. That it is a VISA card means it is accepted in most of the shops and online stores.
In this review I will focus mainly on the rates that Cryptopay presents since they seem very interesting to me;
Cryptopay's fees consist of a monthly fee, an issuance fee, a fixed fee for the use of ATMs, and a fee for expenses.
The fees for this card are fairly balanced and moderate. Of course, there are course fees involved in its use, but in our opinion, these are not an impediment to using it.
Cryptopay features a monthly fee of $ 1.00 that is in line with the industry average.
Also an issuance fee that amounts to USD 15.00, which in my opinion compared to some other cards is high.
There is also a fixed fee for the use of ATMs. The fee is $ 3.50 per use. This isn't cheap, but compared to many other cryptocurrency debit cards that charge you a percentage of the amount withdrawn, it can still be competitive, especially when you withdraw higher amounts from the ATM.
Also, the most important fee of all, the spending commission. This card gives you back 3.00%. This means that if you buy a good sweater for $ 100, this will reduce your crypto assets by $ 103. The 3.00% is also slightly above the industry average.
The maximum deposit for unverified accounts is $ 1,000 per day, but for verified accounts it is as high as $ 20,000 per day.
In fact, I emphasized the fees because despite some being very competitive and others high, it is a card that can be handled very well, and it does not only focus on admitting a cryptocurrency, but it is possible to make expenses in different currencies.
Pros
- This card is linked to your own fairly secure bitcoin wallet.
- It is a visa card, which makes it acceptable in multiple points of sale and online stores.
- some fees such as maintenance is quite low.
Cons
- the issuance of the card seems high to me, although the monthly fee is very low and balances it.
- Despite having different alternatives for cryptocurrency deposits, there are cards that offer more, they should add more.
