Are you looking for a more secure method to manage your transactions?
Bank-issued debit cardholders pay high fees for every transaction they make. Stolen debit card data is also becoming rampant as hackers become more skilled. If you’re a cryptocurrency investor, you can avoid these issues with crypto cards.
Cryptocurrency transactions function on a blockchain network, which follows a decentralized structure. The nature of cryptocurrency also gives it huge potential for secure transactions. If you’re looking into cryptocurrency debit cards, continue reading to find out more.
1. Simple and Easy to Use
Owning a cryptocurrency debit card provides convenient transactions for any user. Cryptocurrency debit cards are the same as traditional debit cards, they’re simple and easy to use.
Open a cryptocurrency wallet and link your debit card. As with regular cards, you only need to swipe your crypto card to complete a transaction. Unlike bank-issued transactions, you don’t need to wait for confirmation.
Your crypto card issuer will pay for your expenses first. Then, they will deduct the payment from your crypto wallet.
2. Transact Wherever You Want
You can use your crypto debit card abroad without needing to convert your money. The cryptocurrency market follows the same system as VISA and MasterCard. This allows you to convert your funds right away into the currency of your choice.
You’ll pay for the standard charges like processing fees when using Crypto Cards. However, you’re free of charge for foreign exchange fees. Cryptocurrency debit cards have lower transaction fees compared to bank-issued debit cards, too.
3. Keep Funds Safe With Advanced Security
One common problem of a bank-issued debit cardholder is theft. You can get your card stolen, incur fraudulent charges, and more. Thus, improved security measures are necessary.
Thefts and scams are unusual in the cryptocurrency market. Your cryptocurrency cards come with advanced securities, ensuring the safety of your funds.
As mentioned, you link your cryptocurrency wallet to your crypto card. A unique password, biometric scanner, and two-factor authentication protect your e-wallet. One will need to get through these measures before accessing your account.
These layers of security may help deter potential hackers from trying their luck. Disable the debit card through your cryptocurrency wallet when stolen or lost.
4. Enjoy Low Fees
Bank-issued debit cardholders need to pay several fees to keep their card. Banks charge users for fund transfers, maintenance, and more. However, you would pay less or not at all for these fees with cryptocurrency debit cards.
Cryptocurrency is safe from government intervention thanks to its decentralized structure. Crypto providers also waive charges when you spend a certain amount in a year. Another thing you can enjoy with cryptocurrency debit cards is the cashback rewards.
You can get extra funds when you use your crypto debit card when buying an item. Cashback rewards can range from 1% to 5% of your total transaction, depending on your provider.
Benefits of Cryptocurrency Debit Cards
Here are some of the lesser-known benefits of cryptocurrency debit cards. It’s simple, easy, and fast to use, saving you time from making transactions. A cryptocurrency wallet guarantees the safety of your funds with advanced securities.
Want to learn more about cryptocurrency? Check out our other blog posts to discover more news on the crypto market!