TenX is an cryptocurrency debit card which launched (or rather, relaunched) in January 2019. The initial launch was in July 2017.
The company behind the card today is TenX Pte Ltd (based in Singapore). There's is also a Liechtenstein company in the mix, TenX Payments Europe AG, and that company is registered by the Financial Market Authority of Liechtenstein for the issuing of electronic money.
The first thing you need to do in order to acquire the card is to download the TenX Wallet app, available on both Google Play and AppStore.You then order the card in the app and you will normally receive it within 7-9 days if you reside in any of the European countries. If you live in Asia or the Pacific, delivery might take up to 5 weeks.
Once you receive your card, you can start taking full advantage of its many options. These include two principal benefits:
Gaining access to precise transaction tracking lets you take charge of your purchases. Like fiat debit cards, there's no delay between making purchases and having them show up on your app, which proves highly convenient.
As for its security features? TenX provides real-time updates when the debit card gets used. You have the option of locking and unlocking your card as needed based on these updates.
Besides this, the card comes with two-factor authentication (2FA), providing additional layers of security.
You'll also enjoy TenX's functionality when it comes to buying Bitcoin. You can use your TenX Wallet to purchase this popular crypto, which offers instant access to your funds for spending.
This feature represents the perfect blend of functionality and versatility. It'll also ensure that you get more out of this crypto debit card.
With the TenX card, you can spend Bitcoin (as mentioned above), but also Litecoin and Ethereum, and the card will most likely support even more cryptocurrencies in the future.
With respect to fiat currencies, TenX supports the USD and the SGD. More fiat currencies will most likely be supported going forward as well.
TenX is a VISA-card. This gives the card a magnificient reach. The company behind TenX says that over 54 million places in more than 200 countries currently accepts the card. This makes the card perfect for a true globetrotter.
We think that TenX charges competitive fees. This means that the fees with this card is not a disadvantage to using it.
There is no monthly fee. The issuance fee is an ordinary USD 15.00 for the physical card and USD 1.50 for the virtual card.
There is a fixed ATM-withdrawal fee amounting to USD 3.25. The latter fixed fee might be disadvantageous in countries where the normal ATM-machines only allow smaller withdrawals (USD 20 for instance). In such scenarios, in order to withdraw a larger amount you need to withdraw several times, thus triggering the fixed fee each time.
Furthermore, the most important fee of them all, the commission on spending. TenX charges no commission based on your spending. This means that if you buy a pair of jeans for USD 100, this will only reduce your crypto assets with USD 100, and nothing more.
There is no maximum deposit which is great news for people interested in making large deposits to cryptocurrency debit cards.