EUR Bitcoin Debit Card Providers (Plastic and Virtual)
Bitcoin card are available for those who want to spend their bitcoins in an efficient and easy way. The EUR bitcoin cards are working like any other prepaid card, once the bitcoins are loaded to the card, they can be used at any stores or online shops. Cardholders can even withdraw money from ATMs with plastic bitcoin credit cards.
The most widespread currency worldwide is the US-Dollar. However for those who want to use Euros to top up the debit card or spend Euros in shops, it is a good news, that several bitcoin card provider allow cardholders to use EUR as the base currency of the card.
Ordering the card
In order to receive an EUR bitcoin card, be it virtual or plastic, the user must register at the specific platform by providing certain personal details. To verify the card, cardholders must provide a valid photo identification card and a proof of residence in the form of a telephone bill for example. In case someone does not want to share their personal information with the card provider, they can sign up for an anonymous card.
The one time issuance costs of the plastic bitcoin card ranges between 5-25 EUR. Virtual bitcoin credit cards, which work just like any debit card without the option to withdraw cash can be obtained from as low as 1 EUR.
The bitcoin credit cards where Euro is an acceptable currency to top up are available for anyone who lives in the EU. People of other countries are advised to check the providers website for availability as certain restriction may apply for US, Indian or Chinese residents.
After ordering the EUR bitcoin card, it arrives within 2-3 weeks to the given address. For an extra fee express shipping can be requested at any provider, however the fee depends on a case by cases.
Using the EURO Bitcoin Debit Card
Upon receiving the bitcoin card, cardholders can load the card in multiple ways. Beside bitcoins, users can top up the card usually with wire transfers or through alternative payment providers like Neteller or Skrill too.
The card providers usually charges a monthly maintenance fee of 1 EUR, some even charge an inactivity fee if the card has not been used for a while.
Bitcoin cards are accepted by online shops, stores and ATMs which allow VISA or Mastercard payments. This means thousand ATMs and millions of places worldwide to spend either bitcoins or other currencies available on the card. Just make sure you are paying attention that the currency of the paid amount is the same as the base currency of the bitcoin card, as otherwise the card providers charge an additional 3% of currency translation fee.
The domestic ATM withdrawals cost around 1-2 EUR per transaction, the international money withdrawals just costs a little bit more. If the cardholder does not verify the account, the applicable limits to spend money with the card is lowered compared to the ones available for verified cardholders. After verification the cards can be used to withdraw in some cases up to 2000 EUR, and the total limits to load the debit card is around 20000 EUR. Even such bitcoin cards are available on the market where there is no limit at all to spend money from the balance.
Pros and Cons
EUR Bitcoin cards are a great choice for those who uses bitcoin payments or travel frequently. Almost all cards can have EURO as the base currency, so users can spend Euros or convert to bitcoins and spend cryptocurrency directly without high transaction costs. The Euro denominated bitcoin cards however might be restricted to european countries only, so check the terms and conditions applied before signing up for a card.