e-coin is an excellent bitcoin debit card provider, offering cards in multiple currencies which allows bitcoin travelers to transact as if they were locals.Read More
Guide to the Best Bitcoin Debit Cards
No longer must bitcoin holders seek out those elusive “bitcoin accepted” signs for shopping! Today’s bitcoin debit cards act as a bridge between bitcoin and mainstream financial infrastructures, allowing bitcoin holders to spend their coin anywhere visa or mastercard is accepted, or to exchange bitcoin into fiat directly from ATMs. We here at bitreview have compiled the definitive list of bitcoin debit cards, scrutinized them with a fine tooth comb, and reviewed them for the convenience of our dear readers!
Bitcoin USD, GBP and EUR cards
Preload debit cards in seconds, spend like a local
Excellent wallet security by bitgo,cash insured!
Cards offered in three main currencies
Very competitive rates, and anonymous cards
Works at any visa-accepting store or ATM!
Unmatched convenience for Coinbase users
USD debit card works anywhere visa accepted
POS exchange of bitcoin from Coinbase wallet
Managed cold storage, third-party insured
Hot wallet accessible from excellent mobile apps
Xapo debit card for day to day use
There are two basic ways in which these debit cards work. The first type of cards, which might be described as prepaid debit cards, require users to convert bitcoin into the local currency ahead of time through an online interface, effectively “loading” the card with fiat for future use. The process is quick enough that this can easily be done in less than a minute, so the preloading process is only a minor inconvenience. The second type of card converts bitcoin into the appropriate currency as and when the card is used, pulling the money directly from the user’s associated bitcoin wallet.
For international travelers out there, we are most excited at the prospect of ordering debit cards in the destination currency, which allows for the withdrawal and spending of local currencies with fees essentially the same as those paid by locals. No longer must we predetermine the amount of currency to exchange, figure out where to do it, or phone our credit card companies to advise we will be abroad. With bitcoin debit cards, we can now spend and withdraw money abroad as and when we desire, with nary a thought to fees.
Bitcoin Price (USD): 752.07