The first thing you should know about Bitcoins is that it’s not a currency issued by any central or government entity, so it’s hard to replace it with other goods and services.
Bitcoin is also known for its price and value fluctuatefrom time to time, so you should buy what you can afford to lose from BTC.
But when you want to spend your bitcoin balance, there are only a few institutions that accept bitcoin as a means of paying for it sometimes you have to replace your Bitcoin currency into a currency such as US dollar, euro and so on.
There are a range of methods but what is most widely used is the so-called Bitcoin Debit Card.
. How does bitcoin debit card work?
Bitcoin debit card works almost the same way as a paid debit card available in many stores such as medicine, groceries, etc.
Instead of changing it to a currency, you can easily download from your Bitcoin wallet and transfer the card to a real paper currency of your choice, such as euros and dollars.
This gives you control and spending from your Bitcoin wallet wherever a credit card can be used, whether online or wherever you go.
. Requirements bitcoin debit card ?
There are many companies that offer this service such as Cryptopay, Bitpay and Spectrocoin.
That offers prepaid bitcoin cards.
You’ll just need a bitcoin wallet with the company and fill it in with bitcoin credit, and then you can book your card.
The price of the card is about $15 to $50 depending on the company you’ve chosen.
Also, without forgetting that the card has a monthly fee, so consider this to find out about the total expenses.
. What are the benefits of a Bitcoin debit card?
The premium benefit is that it allows you to fill your Bitcoin balance after converting your BTC to eur, dollar and other credits simply and also accept your card wherever you go.
You can also transfer Bitcoin from your wallet, such as Coinbase, to the Bitcoin wallet you use in your debit card company.
Bitcoin’s credit card comes either Visa or Mastercard, which is what makes you use it in most restaurants as well as shopping for your personal purposes.
. How do I get my Bitcoin credit card?
With ease you can get a Bitcoin credit card through an online application where you offer the right fees
Also, don’t forget that bitcoin debit card fees such as bank fees and the like
Also there are two types of Bitcoin debit card which is virtual and also plastic. If your only purpose is to shop online, you can use the virtual phone wallet as well as it’s less expensive with a plastic card.
What should i look for on your Bitcoin debit card?
All Bitcoin debit cards work the same way but the only difference is the associated wallet charges
If you have bitcoin credit in its wallet only you will need to provide bitcoin credit card service
But the best thing is to look for a premium service at the lowest possible fee.
. Summary on bitcoin debit card
If you’re mainly a Bitcoin trader or are mining Bitcoin, getting a Bitcoin debit card is a good way to make a big deal out of Bitcoin with minimal hassle.
We also knew bitcoin was priced volatile, so it’s a good idea to exploit Bitcoin in its rise.