Remember that some subscription-based platforms require that a credit card be held on file and will not accept payments from prepaid debit cards. You can even use it to withdraw money from an ATM. You can use your BitPay card anywhere Mastercard is accepted. The BitPay card features advanced security measures, including EVM chip options and card-locking abilities. Notify the BitPay support team if you have concerns or notice unusual spending.However, keeping your BitPay card safe is much the same as a traditional debit card: Holding cryptocurrency of any kind has associated risks due to its volatile nature and regulatory concerns in some countries. Is the BitPay prepaid debit card safe? What are the risks? What cryptocurrencies can I use with a BitPay card?īitPay allows you to spend using a range of popular cryptocurrencies, including: It’s a simple way to purchase cryptocurrencies without worrying about more advanced areas such as decentralised finance or non-custodial wallets. How experienced with crypto do you need to be to use BitPay’s prepaid debit card?īitPay offers customers a beginner-friendly app. Top-ups can be funded via your preferred wallet within the BitPay app. Unlike traditional debit cards, prepaid cards cannot be directly linked to a bank account and must be manually topped up. How does this compare to a traditional debit card? BitPay charges a fee of $2.50 for all ATM withdrawals. Maximum 3 ATM withdrawals per day, capped at US$2,000 per withdrawal. The maximum daily load limit is US$10,000. The maximum daily spending limit is US$10,000. BitPay charges a 3% conversion fee on all international purchases. Earn cash-back rewards at over 100,000 participating merchants. Connections to Apple Pay and Google Pay are also supported. Choose between a physical or virtual card. The BitPay app makes viewing your spending history and balance details easy. Select which cryptocurrency you would like to spend and your BitPay card manages the currency conversion during the payment process. Make purchases in-store and online anywhere Mastercard is accepted. Purchases made using your BitPay card will automatically convert a selected cryptocurrency to fiat at the current exchange rate. However, instead of spending from your bank account, you can add funds from the BitPay wallet app or your Coinbase account. The BitPay card works like a regular debit card, allowing you to transact at all traditional payment vendors. You can join a waitlist on the BitPay website. However, the company plans to make its crypto debit card globally available. The BitPay card is currently unavailable to Australian customers. Provide proof of identity documentation.You can apply for a BitPay card by following a few simple steps: Eligibility and how to apply for a BitPay card While it is currently unavailable to Australian customers, you can join a waitlist on the BitPay website. The major drawback of the BitPay card is its limited geographic availability. Once topped up, you’re ready to start spending crypto and earning rewards.īitPay card supports Apple Pay and Google Pay, so you don’t need to worry about forgetting your wallet. It’s simple to top up your card from the BitPay wallet app or your Coinbase account. The BitPay card makes it easy for those new to crypto to get involved. Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific
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