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Cryptocurrency Debit Card 2018

Top 7 Bitcoin Debit Cards Compare Best Ways To Access Btc?

Top 7 Bitcoin Debit Cards Compare Best Ways To Access Btc?

Bitcoin is now a little over eight years old, and has experienced an extremely swift rise in value. As a result, the cryptocurrency has skyrocketed into the awareness of the public at large, causing armchair investors from around the world to buy into the crypto phenomenon. Since inception, Bitcoin has primarily been used as an investment security, but the number of retailers and merchants that accept the currency as payment for goods and services is slowly growing. Amazon, Newegg, Shopify, and several other platforms now accept Bitcoin as payment, as do thousands of smaller retailers around the world. Recently, one of the largest electronics retailers in Japan, Bitflyer, has announced a decision to accept Bitcoin at more than 260,000 retail stores across the country. While mainstream adoption of Bitcoin as a payment method is growing, however, using it to purchase goods and services is not a seamless task yet. In order to use Bitcoin to purchase goods and services from a merchant that doesnt accept Bitcoin, its necessary to sell BTC on an exchange , withdraw the fiat currency it generates into your bank account, and access it from there. One of the latest developments in the crypto sector, however, is the advent of Bitcoin debit cards. Bitcoin debit cards provide cryptocurrency investors with the ability to circumvent the unwieldy steps necessary to convert BTC into fiat currency, and allow them to spend their currency freely. In the case of Bitcoin debit cards, the card providers perform the exchange element of the conversion, which in most cases is not as favorable as market rates, but provides an extra layer of convenience that balances out the slightly increased cost. 7 Most Popular Bitcoin Debit Cards Platforms In this article, well take a look at the seven most Continue reading >>

Visa Crackdown On Bitcoin And Cryptocurrency Debit Cards Has No Big Impact

Visa Crackdown On Bitcoin And Cryptocurrency Debit Cards Has No Big Impact

Visa Crackdown on Bitcoin and Cryptocurrency Debit Cards Has No Big Impact Visa, the $270 billion financial service provider and credit card network, has terminated its partnership with Wave Crest, a Gibraltar-based digital payment processing company, effectively disabling bitcoin and cryptocurrency debit cards. TenX, Xapo, Coins.ph, Bitwala, BitPay, CryptoPay, Users All Affected All of the bitcoin and cryptocurrency debit card service providers including TenX, Xapo, Coins.ph, Bitwala, BitPay, and CryptoPay have been affected by the crackdown of Visa on Wave Crest. Cryptocurrency debit card service providers have been relying on Wave Crest and its Visa partnership to process cryptocurrency payments. The immediate termination of partnership between Visa and Wave Crest led to the abrupt closure of cryptocurrency debit card services provided by many companies in the cryptocurrency sector. We can confirm that Wave Crests Visa membership is being terminated due to non-compliance with our operating rules. All Wave Crest-issued Visa card programmes will be closed as a result. The termination of Wave Crests Visa membership does not affect other Visa issuers card programmes, including those using fiat funds converted from cryptocurrency, said Visa in a statement. Users of Xapo, TenX, BitWala, and BitPay, which amount to several millions, have been told that they will no longer be able to utilize their cryptocurrency debit cards. Xapo, which has been operating one of the most widely utilized bitcoin debit card platforms, told its users in an official statement that it will explore new methods the company can implement to revive its cryptocurrency debit card venture. On January 5, Anni Rautio, head of Xapo Debit Card, wrote: As of January 4th, 2018, Wave Crest Holdings, Ltd. issu Continue reading >>

New Cryptocurrency Debit Card Harnesses Ai To Give Customers The Best Deal

New Cryptocurrency Debit Card Harnesses Ai To Give Customers The Best Deal

New Cryptocurrency Debit Card Harnesses AI To Give Customers The Best Deal The financial cryptocurrency platform is using their unique payment card which utilises AI for the most valuable purchases in real time. The increasing ability to pay for products and services using cryptocurrency debit cards is a physical representation of the rise in crypto popularity. However, they are still relatively rare and at times complex; with so many cryptocurrencies available in conjunction with market volatility, it can be difficult for traders to know how best to utilize the contents of their cryptowallets when making purchases. Amon is a financial cryptocurrency platform that looks to solve this issue using their unique payment card which utilises artificial intelligence (AI) to ensure that users get the best value from their cryptowallets with every purchase. Their whitepaper claims that they are the only platform which enables users to use their most valuable cryptocurrencies for purchases in real time. Amon also offers their own unique Amon tokens (AMN). Amon card holders will have three purchase methods to choose from. The simplest is to instruct the wallet to allows pay with a single currency (for example, someone who is only interested in Bitcoin). The second is to personally select which of your currencies to use after swiping the Amon card. The third brings into play the unique Amon Artificial Intelligence Aystem (AAIS) which will select the best currency to use in real-time on a per transaction basis. Amons whitepaper uses the scenario of buying a coffee using the Amon card as an example. The AAIS algorithm will analyze the users cryptowallet and decide the current best performing cryptocurrency , taking into account factors such as historical data and user risk profile. Continue reading >>

Wirex Launching Bitcoin Debit Cards In Europe

Wirex Launching Bitcoin Debit Cards In Europe

Wirex Launching Bitcoin Debit Cards in Europe New crypto debit cards, with multiple currency accounts in GBP, EUR, USD, and BTC are offered by Wirex in Europe. The first plastic Visa cards were issued on Thursday, according to media reports. The new cards were made available for UK users on March 8. The service should be offered to customers in other EU countries by the end of the month. Also read: Bitpay Launches Bitcoin Cash Debit Card Top Ups Cryptocurrency bank Wirex is launching new debit crypto cards for its customers in the European Union. The new generation supports multiple currency accounts and comes with contactless payment functionality, according to a company press release, quoted by crypto media . The first new plastic Visa cards were already issued Thursday, the announcement states. The redesigned Wirex accounts and the new cards are available in the UK since March 8, the reports say. Users in France, Germany and Italy will be able to order the cards on March 20. The launch date for other EU countries is said to be March 27. Earlier this week, Wirex Community Manager Raphael Shalaby confirmed successful beta tests, both internal and external, with a number of payment processors. Items have been purchased from merchants like Amazon, using the new Wirex card. Rollout will start within 14 days on a country by country basis, Shalaby said in the companys forum. He added that virtual cards were days away and the plastic cards are being manufactured. Their release would take another 5-6 weeks, he said. Three types of payment cards will be offered by Wirex a virtual card, a physical one, allowing contactless payments (initially in GBP, later in EUR), and a pre-paid debit card similar to the original Wirex card (available for other currencies). Responding to ques Continue reading >>

7 Cryptocurrency And Bitcoin Debit Cards For Buying Real-world Goods

7 Cryptocurrency And Bitcoin Debit Cards For Buying Real-world Goods

7 Cryptocurrency and Bitcoin Debit Cards For Buying Real-world Goods 7 Cryptocurrency and Bitcoin Debit Cards For Buying Real-world Goods There are also many more debit cards and services that support Bitcoins and cryptocurrencies. Nowadays cryptocurrency users can enjoy a lot more services than the Bitcoins early days when it was just getting started. One of the biggest trends of 2015 until 2017 was the adoption of loadable cryptocurrency and Bitcoin debit cards that were backed by MasterCard, Visa, and other financial institutions. Some cards such as Coinbase Shift card spend cryptocurrency funds directly while other cards like the Bitpay Visa trade users Bitcoinfor a balance of fiat reserves. Note that currently, European issued Bitcoin debit cards like Tenx, Bitpay, Cryptopay, Xapo, and Bitwala are out of service. Below there are the most popular cryptocurrency debit cards: The company offers a popular debit card that you can with Bitcoin, and the physical version costs about 18.00. Xapo charges2.25 for ATM withdrawals but PoS transactions are free. The companys transfers use real-time conversion and users pay only for Bitcoin network fees. Xapo cards enjoy no annual fees but a3% foreign exchange fee is applied for those types of purchase. The firm Mychoice issues this card too. Note that Xapo cards are not available in the U.S. The company Wirex offers both physical and virtual debit cards that you can load with a Wirex account. The virtual version is free and the physical card cots $17. There is a $2.50 ATM fee for the card and also a $1 monthly service fee. Further, exchanging Bitcoin to fiat is free, not including the miners fee. The Wirex Visa card works by initially funding the Wirex account and adding money in a local currency like USD or EUR. Although the p Continue reading >>

Alternatives To Discontinued Wavecrests Bitcoin Debit Cards

Alternatives To Discontinued Wavecrests Bitcoin Debit Cards

Alternatives to discontinued WaveCrests bitcoin debit cards > Alternatives to discontinued WaveCrests bitcoin debit cards Alternatives to discontinued WaveCrests bitcoin debit cards After WaveCrest discontinued its debit card for Bitcoin and altcoins, users can choose from alternatives. These options include epayments, Wagecan, and Worldcore. Epayments is the least expensive and provides the most extensive services. The start of the year was not too good for the Bitcoin community. WaveCrest, the main provider of bitcoin debit cards, announced that Visa has discontinued support for its debit cards. WaveCrest was the provider to a number of companies that issued the card to their customers. These companies included CryptoPay , BitWala, and Wirex. While it was frustrating to lose WaveCrest as a bitcoin debit card provider, there are other alternatives that exist to remedy the situation for customers. On a blogpost published on Medium , Gal Reismanconducted an extensive review of the possible alternative. He states that epayment is the best alternative. With epayment, it only takes three days for customers to receive their bitcoin debit cards. Fees for epayment are also quite reasonable, as the company only charges a network fee. Moreover, their exchange rate is also competitive. Alternative includes Wagecan , which is more expensive. Wagecan charges $250 for the card alone. The company also charges a 2.5%, or a minimum of $3, as a fee for ATM withdrawal. While epayment also charges fees for transactions and other costs, it is still cheaper than Wagecans fees. The third option for investors is Worldcore , which offers a virtual prepaid debit card for only $5. The card is charged $0.99 for every top-up. However, the Worldcore virtual card is not available all over the world Continue reading >>

Update On Bitcoin Debit Cards Post-visa Ban Of Wavecrest

Update On Bitcoin Debit Cards Post-visa Ban Of Wavecrest

Ever since VISA banned WaveCrest which issued ATM cards for a lot of Bitcoin companies, people were looking for solutions to cash out their BTC. Those affected by the ban kept writing to customer support, those looking to get a reliable Bitcoin prepaid card were looking for the best solution. [Our comprehensive Bitcoin debit card table, is still valid, since the info there is updated]. This article is a quick recap of what happened to the providers mentioned there. If you have no time to read it heres the gist: currently the MasterCard Bitcoin card AdvCash is #1 and works well. Unfortunately, our card issuer instructed us to cease all Cryptopay prepaid cards starting January 5th, 2018. All funds stored on cards are safe and will be returned to your Cryptopay accounts ASAP. Sorry for all the inconvenience caused, were working on the solution! Affected, all cards will have to be stopped on Jan 26, 2018, funds will be safe, new cards will follow ( source ) Down, looking for a solution. They are also launching an ICO soon and claim to become the crypto bank in an inspiring statement from the founders. This is a MasterCard card Bitcoin card, requires verification but still is reliable and operates in junction with a bunch of other payment methods. AdvCash used to bethe best Bitcoin ATM card limit- and term-wise,and hopefully it will regain its status soon. Register here . This company is more preoccupied with their ICO judging by their twitter feed, but we did find a relevant answer to the WaveCrest VISA ban : Hi, our card service is temporarily unavailable, but we are working on a worldwide solution with a different card provider which should be available soon. Our card holders will receive our new cards free of charge. SpectroCoin (@spectrocoin) January 5, 2018 So Spectro Continue reading >>

The Best Bitcoin Debit Cards You Must Try In 2018: Review And Comparison

The Best Bitcoin Debit Cards You Must Try In 2018: Review And Comparison

Proud entrepreneur. From iOS developer to one of the investors(We build Blockchain apps, SC, ICO, and anything that goes with it The Best Bitcoin Debit Cards You Must Try in 2018: Review and Comparison The list of merchants that accept crypto coins is still expanding slowly, but there are already various pleasant possibilities where you can buy stuff with Bitcoins. And more so, the Blockchain ecosystem is proving to be trustworthy which pursued some companies to produce Bitcoin debit cards. You can order one for personal usage and connect your own debit card to Bitcoin balance. Due to the recent news about Visa suspending the WaveCrest Startups that provide the major part of cryptocurrency credit cards on the market, the updated bitcoin debit cards review only seams time-sensitive. For an unknown period, widely used debit cards like TenX, Bitwala, Xapo, CryptoPay, and Wirex wont work. And while the companies are trying to fix the situation, well introduce you to some other available solutions. Best Bitcoin Debit Card for 2018: Review, Pros, andCons If you plan to invest in Bitcoin you should learn which Bitcoin Debit Card providers are safe to use and which ones youre better to avoid. We wont shade anyone, but just keep in mind that well look into trustworthy debit cards that we recommend using. Others you stumble upon be careful to study the provider thoroughly. So, check out our review and see how to choose the right card in 2018. First and obvious you can now buy almost anything with cryptocurrency. Any merchant that accepts credit and debit cards, accepts also the Bitcoin debit card as well. The seller gets your payment in his own currency while the debit company will charge from your Bitcoin balance. As you see, works the same as usual money banking only you can l Continue reading >>

Banks Banning Cryptocurrency Purchase On Credit Cards, Why?

Banks Banning Cryptocurrency Purchase On Credit Cards, Why?

Banks Banning Cryptocurrency Purchase On Credit Cards, Why? Another blow for the crypto-traders: A sizablenumber of banks are not allowing their customers to use their credit cards to buy cryptocurrencies. This had been triggered over the weekend when U.S. banks Bank Of America, Citigroup, JP Morgan, Capital One and Discover banned their customers from purchasing cryptocurrencies. Buttake this declaration with a pinch of salt. Could there be something bigger coming? We know that JP Morgan, Berkshire Hathaway and Amazon teamed up to form an independent health care company. Nothing can be factored out, but lets stay with the subject on hand. Back in January, Visa ended its relationship with a renowned cryptocurrency currency card provider and thousands of people suffered as a result of that.This, however, was a one-off case, where Wave Crest didnt comply with Visas rules and the company pulled the plug.Nonetheless, the news created enough bad press and gave traders the notion that cryptocurrencies would perhaps not be that easily transferred to fiat or readily spendable. In the U.K., the first announcement came from the Lloyds banking group. The ban expands to MBNA, Halifax, Bank of Scotland customers. Crypto exchanges, such as Coinbase, allow users to fund their crypto accounts by using credit cards.However, exchanges typically have daily limits. This limit does not allow users to fund their account more than 500 per day if you are funding your account in GBP. Banks have been against the concept of the cryptocurrency and only now they are catching up with the concept of the blockchain technology. Remember, Bitcoin brought the blockchain technology on everyones radar. Banks have used excuses such as higher volatility and money laundering to play down the concept of crypt Continue reading >>

Wirex To Launch Cryptocurrency Debit Cards In Asia During Q2 2018

Wirex To Launch Cryptocurrency Debit Cards In Asia During Q2 2018

Wirex to Launch Cryptocurrency Debit Cards in Asia During Q2 2018 Being able to easily find places to shop with bitcoin is a crucial step for actual adoption. While not really using the cryptocurrency as it is intended to, topping up debit cards with bitcoin allows spending your holdings while bypassing the need for merchants to learn a new payment system and just use the same old methods they are used to. With Wirex card spending coming back to Asia, bitcoin investors in the region will soon have another such option for something other than just trading. Also Read: Coinbase Granted E-Money License by UKs Financial Conduct Authority London-headquartered bitcoin wallet and card company, Wirex has revealed it will launch contactless debit cards for spending money that has been loaded from cryptocurrencies and its first ever multi-currency accounts for speedy exchange between bitcoin and fiat (SGD, GBP, EUR, USD) in Asia during the second quarter of 2018. Wirex Cards in Asia are said to offer 3D Secure support for safe online payments as well as physical and instantly available virtual debit cards. Wirex has offices in Tokyo and Singapore, and last year received a $3 million investment from Japanese institutional investor, SBI Group . As such it is not surprising it will focus on further expending its offering in the worlds most populated continent, beginning with Japan and Southeast Asia. Last week Wirex launched debit crypto cards for its customers in the European Union . The new cards were made available in the UK since March 8, and the roll out for other EU countries is to last until the end of May. The company believes that phasing-in delivery by regions ensures a stable and secure service globally. Pavel Matveev, the companys CEO, said: Wirex is bringing to Asia the Continue reading >>

Litepay Postpones Litecoin Debit Card Plans Due To Issues With Card Issuer

Litepay Postpones Litecoin Debit Card Plans Due To Issues With Card Issuer

Litecoin users were quite excited regarding the imminent launch of LitePay. This new service brings LTC to more consumers and retailers, and the associated payment card wouldhave made it easier to spend cryptocurrencies as well. Unfortunately, this new service has been put on hold indefinitely. A lot of people are disillusioned by this turn of events, which is only to be expected. LitePay Card Registration process Delayed Indefinitely Anyone who has been paying close attention to developments in the financial and cryptocurrency sectors is all too aware of ongoing payment card issues. More specifically,no company issuing payment cards has been too kind to Bitcoin and other cryptocurrencies as of late. That in itself is not exactly surprising, as Visa and MasterCard have made it very clear they want no part of this ecosystem. This only became more apparent when Visa shut down the WaveCrest service provider altogether. This Gibraltar-based company was forced to close all of their Visa-issued cards linked to cryptocurrency. Moreover, Visa also revoked the companys partner license, mainly because they offered such services to cryptocurrency companies. Ever since that time, the cryptocurrency debit card sector has been under a lot of pressure, with no reliable offerings remaining as of right now. Big was everyones surprise when LitePay announcedit would go ahead withits card launch on February 26. It was supposed to be a very joyous occasion for Litecoin users all over the world, but a lot of dreams were crushed that day. In an email sent out to its followers, the company explainedthat itscard registration process had been delayed indefinitely. According to the company, the reason for this delay is hostile actions by card issuers. This is anything but surprising, as more exp Continue reading >>

Cut Off? Here Are 7 Different Bitcoin Debit Card Services And Fees

Cut Off? Here Are 7 Different Bitcoin Debit Card Services And Fees

Cut Off? Here Are 7 Different Bitcoin Debit Card Services and Fees Just recently we reported on European bitcoin users having issues with their loadable bitcoin debit cards. Even though some of these businesses are having a few issues, there are many cryptocurrency debit cards available all around the world. Also read: Visa Veto Leaves Several European Cryptocurrency Cards Locked Out Since 2015 Bitcoin-Based Debit Cards Have Grown Very Popular These days cryptocurrency enthusiasts have a lot more infrastructure than the early days when bitcoin was just getting started. One of the biggest trends of 2015-2017 was the rise of loadable cryptocurrency debit cards backed by Visa, Mastercard,and other financial institutions. Some of the cards like the Coinbase Shift card uses cryptocurrency funds directly while other cards like the Bitpay Visa users sell their bitcoin for a balance of fiat reserves. Depending on where the crypto-enthusiast lives they can order multiple types of cards and some cards also process digital assets like ethereum and bitcoin cash. Today were going to discuss the wide range of digital currency loadable debit cards that are available in many different countries. Keep in mind that we previously reported this past week that Wavecrest Holdings Ltd. have been giving some cryptocurrency card companies issues. At the moment European issued bitcoin debit cards such asCryptopay, Tenx, Bitwala, Bitpay (EUR), and Xapo are out of service. Once we are able to service Xapo Cards in your country again, we will offer you a new card free of charge We are hard at work to find alternative card solutions for you, explains Xapos announcement on January 5, 2018. The Bitwala Visa card is a popular choice among European bitcoiners that offers prepaid balances in euro (EUR). Continue reading >>

Hardfork

Hardfork

Speaking to their customers on Twitter , the affected companies have said the move is the result of actions from their card issuer, who was acting on behalf of Visa Europe. A tweet from Singapore-based TenX itentifies their card issuer as the Gibraltar-based WaveCrest. Its not clear if WaveCrest was the provider for all the aforementioned companies. It certainly appears that way though. #TenX advisory: Following an urgent communication from our card issuer WaveCrest, payments on the TenX card will be unavailable. We are working on a solution and will let you know further details as soon as we have them. We apologise for the inconvenience. Users of other bitcoin debit card services have reported receiving emails from WaveCrest informing them that they had to close all WaveCrest debit cards with immediate effect. The email says: We, WaveCrest, are the issuer of your Visa Prepaid card, which you have enrolled for through one of our program partners. Visa have today instructed us that we must close all WaveCrest issued Visa Prepaid Cards with immediate effect. The email goes on to say that the WaveCrest-issued card will no longer function, although the users funds remain safe with the digital wallet provider. A statement from Visa Europe obtained by The Daily Beast reporter Joseph Cox said the action was taken due to WaveCrests non-compliance with VISAs membership regulations. Update: VISA says they've terminated WaveCrest's services due to non-compliance w/ VISA membership regulations. We can confirm that WaveCrests Visa membership is being terminated and that all of its Visa card programmes will be closed as a result. Joseph Cox (@josephfcox) January 5, 2018 TNW phoned the Gibraltar offices of WaveCrest earlier today at 2PM local time. Our calls were not answered, and th Continue reading >>

Best Bitcoin Debit Cards 2018 | Finder.com.au

Best Bitcoin Debit Cards 2018 | Finder.com.au

Bitcoin and other cryptocurrency debit cards work just like any other debit card. You can swipe them at card terminals to buy things in-store, use them to withdraw cash at ATMs and enter their numbers when shopping online. Typically, they convert your bitcoin into the local fiat currency on the spot, ideally at fair rates and without any additional fees. Theyre designed to make it easier to directly spend your cryptocurrencies as needed, even if a merchant doesnt accept bitcoin payments. However, be aware that some bitcoin debit cards are physical cards that you can carry around in your wallet, while others are distributed in virtual form. Virtual debit cards can be a more secure option than physical cards because you don't have to worry about losing your plastic or having it stolen. They're cheaper (often free) and quicker to produce, with the card holder name, an expiration date and a CVV/CVC code sent to users electronically. Once you have this information, you can then start using your virtual bitcoin debit card to make purchases online. Some cryptocurrency services will only offer physical cards, while some will offer both physical and virtual cards. What are the common supported currencies? BTC and USD are the most commonly supported currencies worldwide, but the supported cryptocurrencies and fiat currencies will vary by card. For example, CoinJar Swipe debit cards only support BTC and AUD, but projects like TenX aim to provide support for a wider range of fiat and cryptocurrencies. Make sure your chosen cryptocurrency debit card supports both the fiat and cryptocurrencies you want. What fees and charges should I be aware of? The fees are much like any other card. Not all providers will charge all of these, so if you want to minimise fees, shop around. Card issu Continue reading >>

7 Bitcoin Debit Cards Compared And Reviewed (2018)

7 Bitcoin Debit Cards Compared And Reviewed (2018)

7 Bitcoin Debit Cards Compared and Reviewed (2018) Last updated on March 20th, 2018 at 05:29 pm Important update On January 5, 2018 Visa suspended the activity of WaveCrest the company providing most crypto credit cards out there. This means that Xape, Wirex, TenX, Bitwala and CryptoPay dont work for now. Of course the companies are looking to find solutions and once they are found we will update this post (Im personally looking for an alternative as well). If you know of any good alternatives feel free to leave them in the comment section below. Even though the list of merchants that accept Bitcoin is continuously expanding, its still not possible to buy everything with Bitcoin. However, thanks to several companies in the Bitcoin ecosystem you can now order your own Bitcoin debit card. Its as simple as it sounds a debit card that is connected to your Bitcoin balance. The limit is not stated on their website or on the web$2,500 Depending on domestic/international$2.5-$3.5 Your card is connected to your Coinbase account and has the same limitsCoinbase limits The pros are pretty obvious you can now buy virtually anything with Bitcoin. Any place that accepts credit or debit cards would accept your Bitcoin debit card as well. The merchant gets paid in his own currency by the debit company and the charge will be deducted from your Bitcoin balance. This allows you to live purely on Bitcoin. For example, when I travel abroad I always take my Bitcoin debit card as a backup card in case my money gets stolen. Its like the travellers check of the digital age. The major con of a Bitcoin debit card is centralization. In order to use the card you need to deposit money into your account at the debit card company this means youre giving control over your coins to a 3rd party. This ris Continue reading >>

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