In the first part of the cryptocurrency payment card review, we came across some of the most successful cryptocurrency cards on the market. Today we will present you four more projects that are also worth following up.

Coinbase

  • Card issuer: VISA
  • Head office: Great Britain

In March of this year, the most popular cryptocurrency app, Coinbase, launched its new product. It is called Coinbase Card and it allows Coinbase users to spend supported cryptocurrencies in stores and withdraw money from ATMs.

Unlike most other services, cryptocurrencies do not need to be converted into fiat currency in advance. The company will automatically sell the corresponding part of the cryptocurrency at the current market price at the time of using the card.

You can determine what cryptocurrencies you want to spend on the app. So you can hold more cryptocurrency with Coinbase.

Coinbase has, as always, high fees

The card itself is not free of charge and will cost EUR 4.95. All withdrawals above € 200 per month are charged with a 1% extra fee. The exchange from cryptocurrency to fiat will cost 2.49%, making withdrawals up to 3.49%.

Using a Coinbase card for everyday shopping can also cost you a lot of money. In addition to the 2.49% mentioned above, an extra 0.2% is required for each payment in the European Economic Area (EEA) and 3% for payments outside the EEA.

So far, the Coinbase card is only available to UK residents, but expansion into other European markets is expected.

Trastra

  • Card issuer: VISA
  • Head office: Velká Británie

The list would not be complete if we did not provide the expected payment card from the Czech startup Trastra. The company is registered in the UK, but was founded by the Czech entrepreneur Roman Potemkin and has offices in the Czech Republic.

Trastra is one of the startups who do not want to replace banking services, but rather focus on one area and do it properly. That is why it concentrates only on payment cards and related applications.

The card is issued free of charge, but you will pay EUR 1 per month for its management and EUR 2 for your ATM withdrawal. The cards are kept in EUR and the maximum card limit is EUR 8000.

Trastra does not support automatic exchanges, so it is a classic debit card that you can supply with fiat currencies through the app you sell by supported cryptocurrencies. If you don’t have EUR on your card, you won’t pay anything, even if you have 100 Bitcoins on your wallet. Trastra supports BTC, ETH, XRP, LTC, ZEC, and BCH.

The cards are not yet officially available, but their distribution is expected soon. You can sign up for a waitlist and receive a card among the first.

Uquid

  • Card issuer: VISA
  • Head office: Great Britain

The Uqid card company has existed since 2013 and its core business is in web hosting and bulk data processing. The company’s management is not very transparent and Cosci Ltd., as the company is named, does not claim Uquid as its project directly.

Uquid payment cards, which supports Bitcoin and various altcoins, have been on the market since 2016 and although it is not a blockchain startup, the service is rated positively. The impression from the service is spoiled by the rather bad looking web and the need to order two cards if you want to recharge your account with other cryptocurrencies. One only works on Bitcoin and the other on Altcoins.

The card can be ordered from 180 countries around the world, it takes 1-2 weeks to deliver and costs $ 17. ATM withdrawals cost up to $ 3.5, and if you pay in a currency other than yours, you will pay an additional 3% for currency conversion. Uquid can’t spend cryptocurrency spontaneously. So you have to manually sell them in the app and move USD, EUR or GBP to the card.

Charging the wallet that belongs to the card will cost up to 5% of the transaction, depending on which charging method you use. Recharging fiat currencies by bank transfer costs 1.5%, cryptocurrencies are received for free.

Perhaps the most interesting thing about Uquid is the ability to connect your card to Paypal and, unlike the competition, you can also receive payments. The company also offers various forms of cashbacks and actions, for example, when you recharge your mobile credit, you get twice the amount of gigabytes. Unfortunately, such events are not usually available for Czech services, but if you are interested, you can find more about them here.

Uquid is currently not accepting new clients.

Crypterium

  • Card issuer: UnionPay
  • Head office: Estonia

Crypterium is one of the blockchain startups that helps users spend cryptocurrencies on a daily basis. The company calls itself the “cryptobank for cryptopeople” and is currently supporting Bitcoin, Ethereum, Litecoin and CRPT (native Crypterium coins).

Although Crypterium has been talking about credit cards for a long time, the distribution of the cards is only in the preorder phase. The first 1000 users get the card free, but there are thousands of people in the queue. All others pay a fee of $ 10 to $ 25.

As an only company, Crypterium is an Union Pay card

-Luke-