#Bitpay withdrawal limit plus

This is slightly higher than other crypto debit cards like Coinbase, which charges a 2.49% fee. You must pay a 3% conversion fee when making purchases overseas. Unlike traditional debit cards, BitCard dings you $2.50 each time you pull cash from an ATM or get cash back on in-store purchases in and outside of the US. BitPay has attracted a number of negative reviews on sites like Trustpilot and Google Play, with customers mentioning high fees and problems with the app. Earn $10 when you refer friends and they load at least $100 into their account. Load your BitPay card through the BitPay app or more than 20 BTC, BCH and ETH crypto wallets and MetaMask, Trezor, Coinbase and Kraken hardware wallets. Use it anywhere Mastercard is accepted for both online and in-store purchases worldwide. And you won’t have to worry about meeting staking requirements, because it’s not a crypto rewards debit card.īut BitPay‘s convenience appears to come at a cost: Many BitPay customers complain about high miner fees - which is used to encourage miners to confirm transactions on the blockchain - and poor conversion rates when loading the card.

You can fund the card straight from the BitPay app, multiple BTC, BCH and ETH wallets, and hardware wallets such as MetaMask and Trezor.Īfter funding, BitPay automatically converts your crypto into US dollars (USD)for spending anywhere Mastercard is accepted - both online and at retail stores. What we think about the BitPay debit cardBitPay card may be a good option if you want the convenience of loading your crypto debit card using multiple funding sources. High ATM, currency conversion and miner fees reported.This means having to use a system that allows the instant sale of the same in exchange for fiat currency, the cashing of the fiat currency, and the deposit of the same on traditional tools used for payments, such as prepaid cards.īeing able to perform these steps using a single app is quite an advantage.

Since cryptocurrencies are not yet very commonly accepted as a means of payment worldwide, it is often necessary to convert them into fiat currency before spending them freely anywhere.

#Bitpay withdrawal limit plus

It is also possible to use the card to withdraw cash from ATMs, with a commission of $2.50 and a maximum limit of $2,000 per withdrawal, plus a 3% commission on any foreign currency exchange.īitPay also offers an extension for Google Chrome that allows making payments in fiat currency on some websites, such as Amazon or Foot Locker, using the cryptocurrencies stored in the wallet.īitPay supports BTC, BCH, ETH, XRP and stablecoins such as GUSD, USDC, PAX and BUSD. Once converted, they can be moved to the prepaid MasterCard for use almost anywhere in the world. The BitPay wallet where the cryptocurrencies are stored is non-custodial and allows converting them into dollars directly in-app. These cards also have other features, such as the EMV chip for contactless payments, the possibility to be blocked, the ability to monitor spending and the virtual version. The top-ups are instantaneous, without conversion fees, and with a daily limit of $10,000. MasterCard prepaid debit cards for the US market, which can be filled with dollars by converting cryptocurrencies. These are the so-called BitPay Cards, i.e. BitPay has launched new prepaid cards that can be funded with cryptocurrencies.