For everyone new to the cryptocurrency world, let’s first know what is a cryptocurrency and how is it useful. Cryptocurrency is a form of currency that can be used for digital exchange. It is a virtual currency which does not have a physical form. It can be used to purchase products which accept cryptocurrency as a form of transaction. Bitcoin is the most popular cryptocurrency in the world. You can buy a bitcoin from a bitcoin trader or a bitcoin exchange, which works just like any other money exchange. Before you purchase bitcoins, it’s necessary for you to have a bitcoin wallet. A bitcoin wallet is where you store your bitcoins. You can choose your wallet according to your needs. Your transactions using bitcoins will be through funds from your bitcoin wallet. A bitcoin debit card is a debit card loaded with your bitcoin savings, which you can use as a payment method in places where bitcoins are accepted.
There are, however, many cryptocurrency debit cards. Let’s look at some reasons why you should choose a bitcoin debit card over other cryptocurrency debit cards.
Bitcoins are widely accepted around the world as a payment method.Transactions are easier and do not involve international transaction fees unlike credit card payments.Bitcoins can be exchanged for both, other digital currencies and fiat currency.The owner can be anonymous if he chooses to, so he doesn’t have to worry about transactions being tracked.
CryptoPay Debit Card is the most widely used and accepted bitcoin debit card in the world. There are a lot of reasons to go for the CryptoPay Debit Card instead of the other bitcoin debit cards. Here are answers to some common questions regarding a CryptoPay Debit Card.
What is a CryptoPay Debit Card?
A CryptoPay Debit Card is a VISA card and one of the most widely used bitcoin debit cards for transactions involving cryptocurrency. It comes in both, a virtual and a plastic card. You can use it for purchasing virtual and physical products that accept bitcoins or VISA. Also, there is a growing increase in number of services and merchants accepting bitcoins as a payment method.
How does a CryptoPay Debit Card work?
A CryptoPay Debit Card works like any other debit card. But being a VISA card, it has a huge advantage as it is accepted in payments where a VISA card is accepted. The card would also allow withdrawing funds from any ATM across the world. It supports Russian Rubbles, US Dollars, and Euros.
What are the advantages of a CryptoPay Debit Card?
It can be used worldwide as a form of payment, since it’s a VISA card.It supports fiat currencies of US Dollars, Euros, and Russian Rubbles.It does not have a minimum load amount.You can use the mobile app for android and iOS to manage your money.You don’t have to pay an inactivity fee.
How can I order a CryptoPay Debit Card?
Go to the official website.Make an account with your email ID and choose a password.Verify your account.Choose your wallet for your bitcoins.Go to the order section and order for a debit card.Select a payment method.You can stack your card with savings from your CryptoPay wallet.
A point to be noted is, it’s only available in Russia at the moment, but you can now pre-order in the US. It is said there are plans going on for it to be available in many other countries in the future.
In conclusion, CryptoPay Debit Card is by far the best choice of a cryptocurrency debit card. I hope you make a wise decision before choosing your first cryptocurrency debit card!