This is a question that many people ask us on ZoneBitcoin. Yes, generally after acquiring some bitcoin and cryptocurrencies, the question of a crypto bank card arises.
So, do you need a bank card to use your bitcoins? What are the advantages of using a crypto bank card?
Here is a list of the advantages of using a crypto debit card. You will be able to know if you need it or not.
Why have a cryptocurrency payment card?
In fact, today, it still seems new to have a crypto bank card. Imagine in a few years, it's your classic bank card that will be has-been. It’s a safe bet that in a few years, your bank card will also be a crypto bank card.
Thus, the world of cryptocurrencies is developing at such a rapid pace that it would be unthinkable to imagine it any other way. Myself, I bet Coinbase will release a cryptocurrency debit card. So, shall we bet? I will at least have proof of my bet with this article (Oh yes!).
For now, there is the map CryptoPay, Wirex, Advcash and TenX. We have ordered the cards and are waiting to receive them and use them to give you reviews for each. We will then give you a detailed report for each of the cryptocurrency bank cards.
In short, let's get back to what motivates us in this article, namely the advantages of having a crypto bank card.
The 4 advantages of using a cryptocurrency payment card
The crypto payment card allows you to purchase products online and in physical stores. This allows you to also buy in physical stores easily. But, in fact, there are even more advantages.
1. It's convenient to have crypto and euros on one card.
In fact, the big advantage is mainly the fact of being able to switch between different accounts. Yes, with a bitcoin payment card, you will often have your fiat account at the same time. The term "FIAT" means traditional currency and money, for short. This means that you have your money also in euros.
So you can use your card anywhere. If you have to pay in bitcoin, that's perfect. And, the same, if you have to pay in traditional currency.
So, it’s still super practical. Sometimes it will be more interesting to pay in bitcoin or other cryptocurrencies. In other cases, paying in euros will be simpler.
Clearly, this remains a great undeniable advantage compared to traditional bank cards. In addition, we will add that it also serves as a bitcoin wallet secured.
2. You get CryptoBack rewards and discounts
Cryptoback is like cashback for traditional currencies. There are indeed sites that reward you when you buy from them. There, it's the same thing for cryptocurrency payment cards. Every time you make a payment, you earn small amounts in return.
When it's accumulated, it saves you a lot. And, even if we're not stingy, it always feels good to pay less than expected.
We will say that this is the second advantage of using cryptocurrency bank cards.
Please note, however, that not all cards offer this service. The Wirex card, for example, offers this service. This is also why many people have used it. Wirex offers 0,5% crypto back on every purchase. It's not bad, is it?
3. You can trade cryptos very quickly
Cryptocurrency bank cards allow you to trade very quickly. With crypto bank cards, it is indeed ultra-fast to trade currencies. For example, you can exchange your bitcoin into lute coin or fiat in one click. It's almost instantaneous. So transactions in fiat or major cryptocurrency (litecoin, ethereum and bitcoin) are extremely fast. You save infinite time compared to if you had to do it only on platforms like Binance or Kucoin.
If you want to get started or perform in Trading, it's perfect. Yes, because on the sites or apps of the companies that sell bank cards, you also have access to the course. So, as soon as you see that a cryptocurrency reaches a threshold that is favorable to you. Hop, one click, and you bought it. Same, if it’s about sales.
Now, you know that tradin is a matter of seconds sometimes. Well, thanks to cryptocurrency bank cards, you make it a lot easier for yourself.
Plus, it's mobile. This means you can trade or exchange your crypto on the go.
In addition, let's add that with Wirex, you don't even have any fees when making your exchanges!
4. You can use your cards at an ATM.
With traditional bank cards, you can get your tickets out of ATMs. But, did you know that there are bitcoin ATMs? Yes, it's great!
So, you guessed it. With cryptocurrency bank cards, you can use both types of ATMs! This means that you can use a classic ATM to get your fiat currencies. But, also and above all: use your bitcoins and other cryptocurrencies.
In other words, in a classic ATM, you can withdraw your cryptocurrencies in fiat currency. Moreover, with the Wirex bank card (yes again!), there are no longer even withdrawal fees!
Like traditional bank cards, you also have a four-digit PIN code. It's exactly the same operation as a classic card.
I personally think that in the future, many people will have these cards. In addition, I will add that these crypto bank cards act as a real wallet. Perhaps less secure than the ultimate Ledger wallet, but really, it's still extremely secure. You can therefore also store your cryptocurrency on these cards.
And you?
I would be curious to know your opinions and to know if you also have a cryptocurrency bank card? And, if so, which one?
Note: This is not investment advice. Always do your own research before investing.
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