Uquid is a UK-based company that issues cryptocurrency debit cards. ‘Quid’ is local slang for GBP — don’t ask me why. The company issues both virtual and physical debit cards. The Uquid wallet can store over 80 different tokens and three fiat currencies. That alone makes Uquid a desirable option. But there are some limitations to the card as well, including not covering the United States. In this review, we’ll take a look at the pros and cons of the Uquid Bitcoin debit card.
Advantages of the Uquid Bitcoin debit card
You’re not just limited to storing Bitcoin. Uquid supports Ethereum, Litecoin, Monero, Ripple, Dash, and 80 other different tokens. The Uquid wallet also allows you to work with multiple fiat currencies like EUR, GBP, and USD.
The physical card is free, and ships fast. Users also enjoy unlimited ATM withdrawals and lifetime purchases. You can link the card to your PayPal account, which is handy.
One of the features that sets Uquid apart from other cards I’ve looked at is the option to pay bills. You can use your cryptocurrency tokens to pay household bills and top up your mobile. Very cool!
Although Uquid doesn’t cover the US, it is available in over 178 countries.
Finally, Uquid offers the best market rates for exchanging your cryptocurrency. Overall, there are a lot of advantages that make Uquid a good bet.
Disadvantages of the Uquid Bitcoin debit card
The Uquid card originally converted your Bitcoins to fiat money in real-time. That feature seems to have disappeared, which is a shame. The current card is a prepaid debit card you have to load before using. Also, the card is currently unavailable to users in the United States. Hopefully, they will eventually cover the US, but until then it’s a no-go for Americans.
Uquid Bitcoin debit card fees
You have to pay a monthly service charge of $1. There are no fees for POS transactions. The physical card is $16.99, and ships for free to over 178 countries around the world. You will normally receive it within 2-3 business days, which is fast. Domestic ATM transactions cost $2.50 and international ones cost $3.00. Withdrawing money to a bank costs 3%. All in all, not a bad deal for what you get in return.
Summary of the Uquid Bitcoin debit card
- Card type: Visa
- 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
Uquid was one of the many companies affected by the WaveCrest decision to not work with Visa. They have therefore had to make some changes, which is a shame. Although some of these changes are for the worse, Uquid does offer some neat features that make them stand out. The card is an attractive option because of its flexibility and affordability. Price-wise Uquid is pretty much in line with their competitors.
Have you used the Uquid Bitcoin debit card? Let us know what you think and share your opinions in the comments below!