bitwala bitcoin debit card

Bitwala Bitcoin Debit Card Review

in News by

Bitwala Review

Bitwala was founded in Berlin in 2014 and is one of the first, if not the first, Bitcoin debit card that hit the market. The company boasts over 57,000 users and serves over 200 countries across the globe. Where many card issuers only support a few fiat currencies, Bitwala supports over 20. As a prepaid card, Bitwala allows users to instantly convert and withdraw their cryptocurrency in the form of cash. The Bitwala card is available to personal and business users alike, making it an attractive option for professionals. It should be noted that the Bitwala card is currently not possible due to their partnership with Visa having ended earlier this year. We will do our best to keep you updated on their progress, and hopefully, see the card in 2019.

Advantages of the Bitwala Bitcoin debit card

Bitwala is one of the most flexible cards on the market. No other card we’ve reviewed so far supports these many fiat currencies, cryptocurrencies, and countries.

The interface on the Bitwala website is also straightforward to use.

Price-wise, Bitwala is very flexible compared to the competition.

The company also offers a business card version of their Bitcoin debit card.

Their customer service has received much praise from users, who’ve found them to be knowledgeable and helpful.

The card is available to anyone regardless of whether or not they want to verify their identity.

The company is very transparent with their fees, which is a reassurance to users.

Disadvantages of the Bitwala Bitcoin debit card

The card was not available in the US before their partnership with Visa broke down. Now the card is not available anywhere.

The company also uses a third party exchange, which could potentially incur additional costs. 

Bitwala Bitcoin debit card fees

The card costs $2 to be issued, and then $1 per month in service fees. You will additionally have to pay 0.5% in loading fees every time you top up your card. International transactions will set you back 3%. Bitwala charges you $2.50 for domestic ATM withdrawals and $3.5 for international withdrawals. The foreign exchange fee is 3%.

Summary of the Bitwala Bitcoin debit card

  • Card type: Visa
  • Virtual card: Yes
  • Physical card: Yes
  • Mobile app: Yes
  • Supported fiat currencies: 20+ currencies, including GBP, EUR, USD, JPY, VND, MYR, AUD, BRL and MNX
  • Supported cryptocurrencies: 40+ different cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Litecoin (LTC)
  • Anonymous: No

Conclusion

The Bitwala card is easily the most flexible card regarding cryptocurrencies, fiat currencies, and countries. Most other crypto cards only offer Bitcoin, and some do extend the support to ETH and LTC. Bitwala supports over 40 different altcoins, which makes it a desirable choice for people with a diverse cryptocurrency portfolio. However, the card hasn’t been available since the breakdown of the Visa partnership, which is a shame. There are currently only four active cryptocurrency debit cards in the world, and unfortunately, Bitwala is not one of them. Hopefully, we will see the return of the company’s Bitcoin card in 2019. Until then, stay tuned for any updates on their progress!

 

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.