The Cryptopay card (also known as C.Pay) is a card launched by Crypotpay Ltd, a UK company. Cryptopay Ltd has one of the temporary registrations under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 as a cryptoasset business until 9 July 2021.
The company lists the following six things as advantages with the Cryptopay card. These advantages are all set out in the picture below. In our view, none of these factors are anything else than descriptors of a payment card. That you can use it if you have loaded it with assets seems quite obvious and does not, in our opinion, have to be listed as an advantage. That you can track your expenses through an app, and that the card company will not "play with your money in the stock market casino", seems almost weird to highlight. If we could circle in one of the below advantages as a "real advantage", it is that you can lock and unlock your card through an app and that you don't have to call a specific customer service hotline to do so. That seems helpful to us as well.
Cryptopay primarily supports the following four cryptos: BTC, ETH, LTC and XRP. The card will most likely support even more cryptos in the future. En ce qui concerne les monnaies fiduciaires, Cryptopay supports EUR and GBP.
Cryptopay is a VISA-card, meaning that you can use the Cryptopay-card at any point of payment that accepts VISA. C'est bien sûr un grand avantage, voir que VISA est la carte la plus acceptée au monde (aux côtés de MasterCard).
Les investisseurs américains ne peuvent pas utiliser cette carte. Actually, it is only open to people from UK & European Union. So if you’re from anywhere else than UK & EU.
Cryptopay’s fees consist of a monthly fee, an issuance fee, a fixed fee for ATM usage and a spending fee (including the loading fee).
The monthly fee is EUR 1.00.
The issuance fee is EUR 5.00.
The fixed fee for ATM-usage is EUR 2.50 for domestic ATM-withdrawals, and EUR 3.50 for international ATM-withdrawals.
The spending fee is 3.00% of the purchase, plus a 1.00% loading fee (so in effect 4.00%).
The fees for this card are a bit on the high end actually.
The monthly fee is EUR 1.00, which is not particularly high, but there are a lot of cards out there that don't charge any monthly fees at all.
There is an issuance fee amounting to EUR 5.00 for plastic cards (virtual cards are still free). This is actually the only one of Cryptopay's fees that are substantially below the industry average. Most card companies charge EUR 10-20 for issuing a physical card.
There is a fixed fee for ATM-usage. The fee is EUR 2.50 per usage, if you use a domestic ATM. If you would happen to be abroad and use an international ATM, you will need to pay EUR 3.50 la carte Wirex ne se distingue donc pas vraiment de ses concurrents en ce qui concerne ce facteur spécifique. This is not cheap, but compared to many other cryptocurrency debit cards that charges you a percentage of the withdrawn amount it can still be competitive for you, especially when withdrawing higher amounts from the ATM.
en outre, les frais les plus importants de tous, Cela pourrait être désavantageux dans les pays où les guichets automatiques normaux n'autorisent que de plus petits montants de retraits. This card sets you back 3.00% (through its foreign exchange fee). But we should also take into account that it will cost you 1% of the load amount when loading the card, and that every purchase requires a preceding load-up. Alors, in effect, the spending commission is actually 4.00%. Cela signifie que si vous achetez un joli pull pour USD 100, cela réduira vos actifs cryptographiques avec USD 104. 4.00% is also above the industry average.
The maximum deposit for unverified accounts is EUR 8,000 per day, and the daily ATM-withdrawal limit is EUR 400. These limits are quite generous compared to industry average.
