crypto card

3 Debit Cards Nigerians Can Use to Spend Cryptocurrencies in Stores and Online

20/03/2020 by Idelto Editor

Options to acquire cryptocurrencies in Nigeria have been growing in number, along with increasing interest in bitcoin. Nigerians are also starting to see more opportunities to spend their coins in brick and mortar stores and at online merchants. Three crypto debit cards are now available to the residents of the African nation which is also the continent’s largest economy.

Also read: Nigerians Can Now Buy Bitcoin With Cash From Stores and ATMs That Take Naira

Crypto Exchange App First Kudi Issues Debit Card in Partnership With Stanbic IBTC Bank

Nigerian company First Kudi offers users a currency exchange and payments app. The mobile software facilitates purchases and sales of cryptocurrencies with Nigeria’s national fiat, the naira, and U.S. dollars. Users can link their bank account or credit card to the application which allows them to transact between Kudi wallets free of charge, deposit and withdraw funds from other crypto wallets and fiat accounts, and make payments at POS terminals.

Formerly known as Kudi Exchange, the fintech platform is owned by TLG Ventures in partnership with Ferrum Network and operates from Lagos. Besides the fiat options, which also include Ghanaian cedi and Kenyan shilling, its app supports bitcoin core (BTC), ethereum (ETH), the stablecoin Gemini dollar (GUSD), and the native Ferrum Network Token (FRM).

First Kudi now issues a debit Kudi Card in partnership with Nigeria’s Stanbic IBTC bank, member of Stanbic IBTC Holdings and Standard Bank Group, a South African financial services provider and Africa’s largest banking group. Holders can use the card to turn crypto into traditional money or buy goods and services with bitcoin and naira. Its balance can be topped up directly from the Kudi Wallet.

A Kudi account is needed to order and use the wallet and the Verve enabled card, and users need to pass KYC. The procedure involves providing full name, email address, and phone number, the Nigeria Bitcoin Community portal details. Certain fees apply to some transactions with First Kudi. Bitcoin withdrawals to another wallet are charged 0.0005 BTC per transfer. Withdrawing fiat to a bank account will cost you 100 NGN ($0.27) for naira and $10 for U.S. dollars. The POS transaction fee for bitcoin, naira, and dollars is 0.50%.

Patricia and Crypterium Provide Nigerians With More Crypto Card Options

Demand for this type of service in Nigeria, where around half of the population remains unbanked, is creating conditions inviting other offerings in the market. Patricia, a Nigerian e-commerce platform that started with gift cards trading, has set out to make it easy for customers to buy and sell bitcoin, as its website notes. The company behind it, Patricia Technologies, recently announced the launch of a new crypto debit card.

The Patricia Bitcoin ATM Card will allow users to withdraw cash directly from their BTC and Nigerian naira wallets, make POS payments and online transactions, transfer funds through teller machines like with any other debit card issued by a traditional bank, PM News Nigeria reported in late February. Registration is required to obtain the card.

Affirming the startup’s commitment to financial inclusion, Patricia founder Fejiro Hanu Agbodje acknowledged that payments won’t change overnight and predicted a long transitional period before the world starts to transact in digital currencies. That’s why his team focuses on combining digital infrastructure with existing card processing and banking infrastructure as a step towards mass adoption of cryptocurrencies. The Nigerian entrepreneur pointed out that Patricia card users will have access to cash and be able to pay bills, make over-the-counter transactions, and buy subscriptions. Agbodje further stated:

We will allow you to spend your bitcoin anytime, everywhere and anywhere.

Nigerians have another option to use cryptocurrencies through a debit card. Crypterium, an Estonia-based crypto payment and wallet provider, issues the Global Bitcoin Card, which allows holders to spend cryptocurrencies at merchants and withdraw fiat cash from ATMs in almost 180 countries around the world, as news.Bitcoin.com recently reported. The card, which is powered by the payment processor Unionpay, currently supports several major cryptocurrencies: BTC, ETH, LTC, as well as Crypterium’s own CRPT token.

To get the card you need to download the Crypterium wallet first and install it on your phone. To receive a download link, you have to provide your phone number. The app comes with a virtual card and the plastic one can be ordered separately. The platform delivers worldwide, including many countries not supported by other crypto card issuers. Nigeria is on the list along with other nations with potential to become important crypto markets such as India and Brazil. In November, Coinsutra reported that users of its portal from these countries have been able to obtain the debit card.

Do you know of other cryptocurrency debit cards available in Nigeria? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Images courtesy of Shutterstock.

Do you need a reliable bitcoin mobile wallet to send, receive, and store your coins? Download one for free from us and then head to our Purchase Bitcoin page where you can quickly buy bitcoin with a credit card.

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13 Crypto Debit Cards You Can Use Right Now

28/02/2020 by Idelto Editor

If cryptocurrency is designed to reconstruct the financial world while introducing major improvements in transaction speed, privacy, cost and convenience, debit cards represent a useful bridge between old and new. A preponderance of crypto debit card options now exist that allow cryptocurrency to be exchanged for spendable fiat currency at the touch of a button. Let’s take a look at a baker’s dozen of them.

Also read: How to Get Free Bitcoin in 2020

European Crypto Debit Cards

Plutus is one of the longest running crypto card services, having pitched up in 2015. The London startup has its own loyalty token (PLU) which is awarded to users every time they use their debit card. Notably, though, it’s a noncustodial platform which lets users retain control of their private keys. Usable in almost 200 countries, the card can be topped up using GBP or EUR, with ETH and PLU the only supported cryptos at the current time. Plutus also doubles as a virtual bank account, which is offered to residents anywhere in the European Economic Area (EEA) region for free.

Wirex is another popular option for Europeans. Founded in 2014, the London fintech firm was the first to release a contactless, multi-currency Visa card and boasts over three million customers in 130 countries, having processed $2 billion worth of transactions. Wirex’s slick light-green debit card supports conversion from several major cryptos, has a native built-in utility token (WXT), and gives users 0.5% BTC on in-store purchases through its Cryptoback program, rising to 1.5% if you hold 500,000 WXT tokens. There’s a modest card account maintenance fee of £1.00/€1.20/$1.50, with all other fees and limits broken down here. Having achieved success throughout Europe and the APAC region, Wirex intends to expand into Canada, Japan and the U.S. in 2020.

Monolith is a noncustodial option that allows ETH and ethereum-based tokens to be stored in its mobile wallet before being converted and spent on the Monolith Visa card. Billed as a “decentralized bank,” Monolith is closely aligned with the defi movement that has come to define Ethereum. DEX integration will be added soon, together with support for the Ethereum Name Service.

Since 2017, UK digital bank Revolut has let users from the EEA buy, hold and exchange crypto, with the possibility of instantly exchanging any of 30 fiat currencies directly into bitcoin, litecoin, ethereum, bitcoin cash and XRP (and vice-versa). Revolut takes a flat 1.5% cut but it’s possible to transfer crypto to other Revolut members in seconds without paying a fee. Buy goods in-store or online using the Revolut debit card or app; if you only have crypto in your account, Revolut will exchange it into fiat in the retailer’s local currency at the point of purchase. Cryptocurrencies are only available on Revolut’s paid plans: it’s £6.99 a month for a Premium card and £12.99 for a Metal one.

Cryptopay is one of the original bitcoin payment cards, and offers a plastic prepaid card (for ATM withdrawals and offline shopping, $15) and a virtual equivalent (online, $2.50). Available in the U.K., Russia and soon to be available in Singapore, Cryptopay supports only bitcoin alongside fiat currencies GBP, USD and EUR. For a breakdown of the relevant fees for both cards, see here.

It’s fair to say Europe is one of the best regions for those wishing to use crypto-fiat debit cards; in addition to the aforementioned options, there are cards from Bitnovo, Coinbase, Uquid (89 cryptos supported) and 2gether.

North American Crypto Debit Cards

With support for BTC, ETH, XRP, GUSD, USDC, PAX and BCH, Bitpay’s debit card remains one of the best options for U.S. residents. In fact, it’s available to U.S. citizens only. The card costs $9.95 and can be topped up using eight fiat currencies from the Bitpay wallet, then used anywhere that accepts Visa. Bitpay’s currency conversion fee stands at 3% of the transaction, and a $3 charge is due every time you use an ATM outside the U.S. Transaction limits are set at $10,000 a day and you can’t withdraw any more than $1,500 a day or $5,000 a month.

Wirex is planning to launch in the U.S. in the next month, however, meaning that American citizens will soon have another way to exchange their cryptocurrency for fiat.

Global Crypto Debit Cards

Singapore-based financial platform Paycent claims to have onboarded 94,000 customers to its crypto-fiat debit card since it launched in April 2018. While initially supporting only bitcoin, Payment now offers a wide range of cryptos – ETH, BNB, LTC, XRP and DASH included – and represents a global solution, accepted by 36 million merchants in 200 countries. With Paycent cards, you can convert your virtual currency into fiat then spend it online or in physical stores; you can also withdraw cash in the local tender at ATMs throughout the world.

Three Paycent cards are available: Ruby, powered by China Union Pay, has a daily spending/withdrawal limit of $5,000; Sapphire, powered by Union Pay International, has a daily spending limit of $5,600 and a withdrawal limit of $1,650; and Solitaire, powered by Mastercard, carries a daily spending limit of $13,000 and a withdrawal cap of $10,000. Each card costs $49, and while Ruby has no monthly fee, the other two cost $2 per month.

Launched in 2019, Crypterium‘s card lets you spend crypto at over 50 million merchants in 178 countries, as well as withdraw in fiat from 2.5 million ATMs. If you’re too impatient to wait for the plastic, you can get started with a virtual equivalent in a few minutes. The card is priced at $9.99 and there are no monthly fees unless you jump onto a Plus or Premium plan, where benefits include higher crypto-to-fiat transaction limit, priority support, a savings account, insurance and even a personal manager. Supported cryptos at present are bitcoin, ethereum, litecoin and the native CRPT token, with transaction limits set at $10,000 (daily) and $60,000 (monthly).

Crypto.com’s MCO Visa card (formerly the Monaco Card) is quasi-global, in the sense that it’s available in the U.S., Europe and Singapore. Five different cards are available, with MCO rewards paid in a tiered fashion (1-5%) on every purchase. Disappointingly, even the top-tier card has a monthly ATM withdrawal limit of $1,000.

Crypto debit cards make the process of spending digital assets easier. After all, no one wants to jump through hoops selling their bitcoin on an exchange to fund lunch or coffee. If you want to use your tokens for everyday purchases, get yourself a debit card and start spending those satoshis.

Which crypto debit cards do you recommend? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not an offer or solicitation of an offer to buy or sell, or a recommendation, endorsement, or sponsorship of any products, services, or companies. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Images courtesy of Shutterstock.

Did you know you can verify any unconfirmed Bitcoin transaction with our Bitcoin Block Explorer tool? Simply complete a Bitcoin address search to view it on the blockchain. Plus, visit our Bitcoin Charts to see what’s happening in the industry.

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CoinDeal Launches Crypto Debit Card With Great Benefits

25/02/2020 by Idelto Editor

The cryptocurrency exchange founders with years of experience in finance, Blockchain, and crypto industry, have prepared a pre-order of a CoinDeal debit card. Now, cryptocurrency payments will be easier than ever, at any time and place. If you want to buy a coffee directly from your exchange wallet, this card is the answer to that wish.

And for those who know about Blockchain, trading, and marketing, the platform gives a chance to join the international CoinDeal team – become a country manager, to animate local communities, and contribute to Blockchain adoption.

CoinDeal crypto-FIAT exchange

As per the recent US launch, the CoinDeal Global team is now eager to grow. Apart from new debit cards, the company recently launched mobile iOS and Android apps and has released its own CDL token that 90% of was given away for free to users.

CoinDeal is famous for ensuring the highest security standards and being responsive to users’ needs. Each new feature is consulted with them, including new coins entering the exchange, by voting. The platform gives a chance to get extra tokens for regular voting for the next crypto!

Free Debit Cards and 20 CDL Tokens extra

CoinDeal debit cards will enable crypto-holders the payments all over the world, as well as cash withdrawals from ATMs in local currencies. The pre-order of this crypto debit card is free, and each card request is rewarded with 20 CDL. Users can trade them immediately on the market. But, it’s also worth to wait until the card arrives and benefit from being a CDL Token holder.

Only the first 50,000 users can pre-order for free

Receiving a CoinDeal crypto debit card is possible, when

a user is registered and verified at the second level of verification (address verification is required to send the card) on the CoinDeal exchange,
a user has downloaded and connected mobile application,
a user has made the first deposit and first trade on any of the exchange markets.

However, CoinDeal points out that as of now it is pre-order, and the final distribution date depends on the interest in the Card, and service providers agreements.

Become CoinDeal Country Ambassador

Participation in this program assumes close cooperation with the company. The duties of such an ambassador will include i. a. the organization of conferences and events, as well as sharing the knowledge about the cryptocurrencies. The Country Ambassador will be the face of CoinDeal, representing the exchange in his home country, for example, in the USA (Florida or California), Korea, Indonesia, or Spain.

Contact Email Address
[email protected]

Supporting Link
https://coindeal.com/

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Bitsa Is a Crypto Card Europeans Can Top Up With BCH

12/06/2019 by Idelto Editor

The release of a new crypto debit card is an event that deserves attention. On one hand, the launch shows there is a growing demand from cryptocurrency users. On the other, it means businesses see an opportunity to profit from providing this type of product. Bitnovo, a Spain-based fintech company, now offers a Visa prepaid card which can be loaded with bitcoin cash.

Also read: Crypto Debit Cards You Can Use Now Plus a Few to Expect Soon

Bitnovo Introduces Bitsa to Several Markets in Europe

One of the latest offerings in this niche entered the market quite recently. Bitnovo’s prepaid Visa card called Bitsa was launched a couple of months ago in addition to the platform’s Bitcards. It can be topped up with bitcoin cash (BCH), among a total of seven cryptocurrencies, and a number of other payment methods.

Since April, some European users of Bitnovo, which is a platform that trades over 20 digital currencies, can order their new Bitsa card, which can be used to pay anywhere Visa is accepted and withdraw cash from ATMs around the world. It allows holders to make online purchases, pay in brick and mortar stores and online merchants.

With Bitsa you can not only transfer money between different cards but also make payments to any financial institution within SEPA, the single euro payments area. The card employs the Verified by Visa system, so payment security shouldn’t be a problem.

To order a Bitsa card, you don’t even need to have a bank account, although you’ll be able to transfer funds to other cards and accounts. This way Bitsa provides you with easy access to financial services and that’s something the unbanked in Europe should appreciate and take advantage of.

Load Your Card With Cryptocurrencies and Vouchers

The new card offered by Bitnovo can be loaded with bank transfers, cryptocurrencies like bitcoin cash, vouchers as well as gift cards that are sold online. You’ll be able to request a virtual or a physical contactless Bitsa from your account. To create one, you need to provide your email address, phone number, and choose a password.

The Bitsa account and the virtual card are free, while the plastic will cost you €19.50. There is no maintenance fee and the crypto top-up with cryptocurrencies is free of charge. Purchases outside the Eurozone are charged with a 1.5% fee. The maximum amount that can be withdrawn at ATMs is 1,500 euros daily. Purchases are only limited to the balance on the card.

The Bitsa card is also currently available on Sixthcontinent.com, an Italian profit sharing platform specialized in selling gift cards in various European markets. The prepaid card can be loaded with vouchers bought from the website.

Through Sixthcontinent, the crypto card is now offered in Italy, Spain and Portugal, and it will be released in France and Germany in the near future. Commenting on the launch of the prepaid Bitsa card, Bitnovo’s Chief Marketing Officer Roberta Quintiliano told news.Bitcoin.com:

Given the outcome we are having in Italy and other European countries, and since it is a card that allows free and easy access to financial services for the unbanked, this could be a very exciting news for the crypto community.

How to Top Up Your Bitsa Card With Bitcoin Cash

Loading the Bitsa card with cryptocurrencies – BCH, BTC, LTC, DASH, XLM, XRP, and ZEC – is fast and easy. To top up your card with bitcoin cash (BCH), for example, you need to first download and install the free Bitsa app, which is available in both Google Play and the App Store.

Once you link your virtual or plastic Bitsa is with the application, or associate with your online account, you have to go to the app’s Top Up menu, choose the Cryptocurrency option and select Bitcoin Cash. You can set the amount in either BCH or EUR equivalent and then hit Continue.

The next screen will show you a summary of the transaction and a couple of payment options. You can either pay with the wallet installed on your smartphone or choose to load the card with a wallet on a different device using the generated QR code. Once the BCH amount has been sent, your electronic cash will be converted to euros.

With cryptocurrencies it will be possible to instantly top up the Bitsa prepaid card, “thus guaranteeing quick and easy access to financial services, also to the unbanked public in Italy, Spain and Portugal,” Bitnovo noted in a press release. “We are very pleased with this achievement and we are sure that it is only the first of the many steps we will take to continue to provide everyone with free access to financial services, so they will no longer be an exclusive prerogative of banks,” the Spanish company stated.

Which crypto debit cards have you used? Do you have a favorite? Tell us in the comments section below.

Disclaimer: Readers should do their own due diligence before taking any actions related to third party companies or any of their affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any third party content, goods or services mentioned in this article.

Images courtesy of Shutterstock, Bitnovo.

You can now purchase Bitcoin without visiting a cryptocurrency exchange. Buy BCH and BTC directly from our trusted seller and, if you need a Bitcoin wallet to securely store it, you can download one from us here.

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Wallet and Card App Crypto.com Adds Bitcoin Cash Support

29/05/2019 by Idelto Editor

Prepaid, debit and credit cards backed by digital assets are a great way to spend your coins, given that it will take time for retailers to transition to accepting direct cryptocurrency payments. One such card, offered by Crypto.com, has just opened up to bitcoin cash users.

Also Read: How to Easily Convert Funds From BTC to BCH

Crypto.com Adds Bitcoin Cash Support

Hong Kong headquartered payments and cryptocurrency platform Crypto.com announced on Wednesday May 29 that it has added support for bitcoin cash (BCH) to its wallet and card app. This means that users can now buy BCH from the service with credit card and bank transfer both available for funding.

The company explained that, as it also offers the MCO Visa card, this move adds additional utility to BCH as users can now easily convert digital funds into fiat currencies and spend them at over 40 million merchants supporting the network around the world.

Bitcoin cash is the 21st digital asset to be added to the platform, joining other popular cryptocurrencies and stablecoins such as BTC, ETH, LTC, XRP, TUSD, and PAX, as well as the company’s own MCO and CRO tokens. Kris Marszalek, CEO of Crypto.com said: “We’re committed to providing complete selection of all major digital assets and empowering our customers to purchase it at true cost without fees or markups.”

Accelerating the World’s Transition to Cryptocurrency

Crypto.com was founded in 2016 and launched an initial coin offering (ICO) in May 2017 after a year working on its offering in stealth development mode. The payments and card provider, formerly known as Monaco, today reports that it employs more than 120 people.

The company has announced it started shipping the MCO Visa card to customers in Singapore in October 2018. The following month it was also revealed that the cards will be issued in the U.S. through a partnership between its Florida-based affiliate Foris Inc. and Metropolitan Commercial Bank, New York. The cards, which have no annual, monthly or ATM withdrawal fees, can be ordered from the app.

What do you think about Crypto.com adding support for bitcoin cash? Share your thoughts in the comments section below.

Images courtesy of Shutterstock.

Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Bitcoin.com Markets, another original and free service from Bitcoin.com.

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