AdvCash Bitcoin Debit Card Review

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AdvCash Review

AdvCash is short for Advanced Cash and is the name of the Belize-based Bitcoin debit card company. The company behind the card is none other than Wave Crest Holdings Limited. You might recognize the name from the Bitcoin debit card space. Many different card issuers partnered with Visa through Wave Crest. That partnership ended at the beginning of 2018 which left much of the competition scrambling for solutions.

Interestingly, the card issued by AdvCash is not Visa, but rather MasterCard. The central focus of the company is to cater to freelancers and digital nomads. The card allows their clients to pay them quickly and cheaply.

Advantages of the AdvCash Bitcoin debit card

The AdvCash card comes with an e-wallet, which makes depositing Bitcoins a quick and easy process.

The company sets itself apart from the competition by supporting some e-currencies. These include OKPay and Perfect Money.

AdvCash also supports regular SWIFT and SEPA transfers, just like a current bank account.

All internal transfers are free, and there is no monthly maintenance fee.

Account security is excellent, with multiple tiers of protection.

Finally, Russian AdvCash users enjoy the added benefit of supporting Rebels as a currency.

Disadvantages of the AdvCash Bitcoin debit card

The AdvCash card, unfortunately, doesn’t come with its mobile app, which is quite impractical. Most other Bitcoin debit card issuers offer an app to go with the card.

The card is currently only available for Russian and European users, which is terrible news for the rest of the world.

The website lacks comprehensive information about who is behind the company. Having some insight into the management would be great.

Verified AdvCash users still face limits on purchases, although they are higher than unverified users.

AdvCash Bitcoin debit card fees

The physical card only costs $5 if you order it immediately after setting up your account. The price goes up to $15 after one week of creating your account.

The virtual card only costs $1 to issue.

Using either card in both online and physical stores is free. It costs $1 every time you want to apply funds to your e-wallet, however.

The ATM withdrawal fee for domestic ATMs is a flat rate of $2, which is cheaper than the competition.

Foreign transactions and currency exchange are charged at a rate of 2.95%.

There is no monthly service charge, which is quite uncommon with Bitcoin debit cards.

Summary of the AdvCash Bitcoin debit card

Card type: MasterCard

Virtual card: Yes

Physical card: Yes

Mobile app: No

Supported fiat currencies: GBP, EUR, USD, and RUB

Supported cryptocurrencies: Bitcoin (BTC)

Anonymous: Yes

Conclusion

AdvCash has received a lot of criticism on online review sites like TrustPilot, averaging about 2.5 out five stars. Their customer service team seems to do their best to address their clients’ concerns. The bad reviews keep cropping up, which is suspicious. AdvCash appears to be an overall good choice for European and Russian users, but the lack of reach is a drawback. The missing mobile app is not very positive either, but hopefully, that will be created soon. The AdvCash card does come with some unique benefits, however. These include no monthly charges, and low ATM withdrawal fees. There are, however, other charges which kind of negate those benefits.

 

I’m a freelance writer and full-time curious person. My main interests are philosophy, politics, art, culture, science, and how they’re all interlinked. When I’m not writing, I’m fronting a band, producing records, and making videos. I’m also currently working on launching a YouTube channel that will focus on culture and politics. I think blockchain technology is fascinating because of the huge potential it has to revolutionise not only the financial sector, but society as a whole.