GBP Bitcoin Debit Card Providers (Virtual and Plastic)
Bitcoin cards are a perfect choice for those users, who want to have access to both their cash and their bitcoins while spending money in an easy and efficient way. The debit cards have similar features like a prepaid debit card, it can be loaded with money which later on can be spent at online shops, local stores or to withdraw cash from ATMs.
Residents from the United Kingdom or anyone else, who want to spend GBP or fund the account with British Pound can easily sign up at many bitcoin card provider for their service. Each bitcoin credit card has a default base currency and GBP is an option to choose at many providers.
Ordering the card
To get a GBP bitcoin card, users can sign up at several provider by giving some personal information. An ID card and a proof of residence are required in order to verify the account. In most cases however there is also an additional option to order anonymous bitcoin cards, where these information are not needed get a card.
The one time insurance fee of the card is between 5-20 GBP. The expensive cards can have additional features, like multiple methods to top up the card. The cards are usually shipped within 2-3 weeks to the requested location. Express shipping with tracking number is also available for an additional fee. In these cases the GBP bitcoin card are delivered within a couple of days after placing the order.
The GBP debit card is available to residents from most countries, the services are not restricted on to the UK. However it is advisable to check the terms and conditions before signing up. US, China and India can be just examples, where many bitcoin card provider cannot offer its services due to the local regulation on financial services.
Using The GBP Bitcoin Card
Plastic bitcoin cards are physical cards that are issued by either VISA or Mastercard and are accepted all around the world where these logos are visible. The virtual GBP bitcoin card is issued instantaneously and is accepted online only.
The providers charge every month a account maintenance fee of usually 1 GBP which is deducted either monthly or annually from the balance. In some cases a inactivity fee is charged if the account and the card has not been used for a certain amount of time. The GBP bitcoin card can be funded by other debit or credit cards, bank transfers and additional payment providers, like Neteller or Skrill beside the funding option with bitcoins. The default currency of the card can be selected and GBP is among the option in most cases at several platforms. It’s important to consider the default currencies of the bitcoin card in case the spending or withdrawals conducted in a different currency. Usually a 3% currency translation fee is applied to each transaction. Those cardholders who verify their account can use the card to spend up to 20000 GBP or withdraw cash in the amount of 2000 GBP. Users who want to stay anonymous can use the service with lower limits.
Pros and Cons
GBP debit cards are designed for those who conduct their transaction mainly in GBP and bitcoins. The card can be used at thousand of shops and ATMs worldwide. Users just need to pay attention to chose the base currency correctly in order to avoid an extra 3% fee applied to foreign currency transactions.