Categories: CryptoNews

Bitwala Offers Free Bitcoin VISA Debits Cards

Netherlands-based digital currency payments solutions firm Bitwala is offering free bitcoin debit cards to the first 2000 clients. Bitwala’s VISA debit card is comparable to BitPay’s debit card in terms of fees and issuance charges, however, Bitwala also offers virtual card deliveries that cost only €5.

The Bitwala card can be used at any merchant that supports VISA payments and can be easily loaded with bitcoin deposits via Bitwala’s mobile app. The company is marketing its card products as an alternative/replacements for fiat-backed VISA debit cards.

Andrea Hesler from Bitwala writes:

“You can get rid of that bank account of yours and start handling your financials using Bitwala.”

At this time, client bitcoin deposits are immediately converted into fiat currency upon receipt, but Bitwala is currently working on a solution to keep the deposits in bitcoin. According to Hesler’s blog post

Related Post
, Bitwala currently converts client bitcoin deposits using an average bitcoin exchange rate, which gives users a fair deal.

In addition to the issuance and top up fees, Bitwala also charges a €1 monthly maintenance fee, and merchants are currently billed between 2-3 percent on every purchase made with the card. The foreign transaction fee stands at 3%. In order to receive a physical/virtual card, clients are required to submit identity verification documents to Bitwala.

Last month, Bitwala raised $900k in seed funding from several prominent VC firms like Digital Currency Group and High-Tech Gruenderfonds – a German tech-focused seed stage investment firm – to expands its presence in the growing digital currency economy.

 

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

 

Traderman

Avid blogger, entrepreneur, and cryptocurrency enthusiast. I love writing about cryptocurrency, NFTs, price analysis, and much more!

Share
Published by
Traderman

Recent Posts

Topping the Best New Meme Coins to Buy Now: BTFD Leads the Charge!

In a world where meme coins can turn a latte budget into a lambo fund,…

41 mins ago

Best Cryptos to Buy Today: Qubetics Presale Hits $2.7M, MicroStrategy Falls After Bitcoin Price Dips, and Ethereum Heist Involves North Korean Hackers

Best Cryptos to Buy Today: Qubetics Presale Hits $2.7M, Bitcoin Price Dips, and Ethereum Heist…

4 hours ago

WIF Set to Overtake BONK? Lunex Soars with 100x Potential in Altcoin Season

As altcoin season heats up, all eyes are on the rising stars—especially Lunex, which is…

13 hours ago

Binance Coin Price Dips: BNB Holders Rush To Lunex Presale To Hedge Their Long Positions

While the broader market witnessed a notable upward movement, Binance Coin (BNB) experienced a decline…

13 hours ago

Crypto Stalwarts Forecasted 800% Growth in Innovative Projects: VeChain, Rollblock and Polkadot!

This blazing crypto bull run has investors looking for the next top altcoins set to…

13 hours ago

Dogecoin Price Set To Recreate 36,000% Rally From 2021 After Pennant Formation

The Dogecoin price is back in the limelight, captivating the crypto world with its recent…

13 hours ago