UPayCard Bitcoin Debit Card Review

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UPayCard Review

UPayCard is a British company based in London. Formed in 2013, the company is today regulated by the UK Financial Conduct Authority. Their current activities include international payment transfers and prepaid payment services. As with most other bitcoin debit cards, UPayCard offers an e-wallet to go along with their physical and virtual cards. Where pay card stands out from the competition, however, is that they issue both personal and business cards. That makes the company an ideal choice for blockchain startups or any entrepreneurs with interest in bitcoins. The company initially faced some criticism because their fees were much higher than their competition. Now, however, they have learned from the mistakes of Skrill and Neteller and reduced their expenses vastly. Let’s have a look at the pros and cons of the card.

Advantages of the UPayCard Bitcoin debit card

The company is partnered up with MasterCard, which means that the card is accepted in 99% of stores worldwide.

The card also comes with its Bitcoin wallet, as well as a mobile app that enables you to view your balance on the go.

Security is also very with upaycard. Users have the option to enable two-factor authentication, as well as a PIN-code and password.

It’s completely free of charge to transfer money between pay cardholders, which means that bank charges are eliminated.

Upaycard offers the majority of their services utterly free of charge. There is no monthly service charge, it’s free to set up an account, and there is no fee for inactivity. Loading money onto your card via bank transfer is also free.

Disadvantages of the UPayCard Bitcoin debit card

Although loading money onto the card is free, there is a 1% fee associated with Bitcoin.

Users are looking for a Bitcoin debit card that keeps them anonymous will, unfortunately, be left disappointed. UPayCard requires users to verify their identity with official government-issued ID. You may also be required to provide proof-of-address, and other Know Your Customer requirements.

UPayCard Bitcoin debit card fees

Many of the services are free, but not all. Loading the upward using a Visa or Mastercard will set up back 1.2%-2.9%. Other transfer services, such as Alipay, Wechat, and UnionPay costs only 1.2%. It’s cheapest to use Bitcoin, however, coming in at only 1%. It’s quite expensive to use ATMs with upaycard, however. Merely viewing your balance on an ATM will cost you €1. Withdrawing money will cost you  €3.5 regardless of where you are. The foreign exchange rates offered by UPayCard is relatively standard: 3% every time you want to convert.

Summary of the UPayCard Bitcoin debit card

  • Card type: MasterCard
  • Virtual card: Yes
  • Physical card: Yes
  • Mobile app: Yes
  • Supported fiat currencies: GBP, EUR, and USD
  • Supported cryptocurrencies: 80+ different cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and Litecoin (LTC)
  • Anonymous: No


UPayCard started as a company specializing in prepaid debit cards and international money transfers. They were quick to seize upon the opportunity to include Bitcoin as an option. It’s reassuring that the company has previous experience with debit cards. However, some people may find it slightly limiting with only Bitcoin, and the charges are also a bit pricey.


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.