Buying or trading crypto is actually fun, especially if you’re playing with what you can spare without touching your kids’ college fund. However, spending your crypto is a bit of a challenge even today when cryptocurrencies are confidently entering the mainstream financial system.
Few retail establishments accept digital currencies at the moment, and the reasons are plenty. Both eCommerce and brick and mortar stores are apprehensive about exchange rates. They find the tech behind crypto incomprehensible and are easily discouraged by crypto’s volatility. It’s a good thing that there’s a new product in town, and it’s getting ready to solve all these problems – crypto debit cards.
A crypto debit card lets crypto enthusiasts spend their digital assets at locations where debit cards are accepted. Every time you use the crypto card, money is deducted from your wallet balance and converted into the merchant’s currency. Here are ten reasons why TRASTRA is the best crypto debit card out there.
Designed for Crypto Salary Payouts
TRASTRA is uniquely suitable for receiving salaries in USDC so that you may steer clear of crypto volatility, instantly exchange your crypto to EUR and vice versa. It’s a highly desirable value proposition for freelancers, remote employees, traders, miners and recreational gamblers, or anyone else who gets paid with crypto and wants to cash out at any ATM or make purchases wherever Visa is accepted, which means over 44 million locations globally.
Best for IBAN Transactions
TRASTRA will provide a virtual IBAN as soon as your application is approved. Use it to receive euros and buy crypto without EVER having to stop by the bank! Forget about current accounts, bank managers and hours on hold with customer service.
As soon as you verify your TRASTRA account, order a TRASTRA Visa Card to get a Payment Account with IBAN so you may take advantage of simple SEPA/wire payments. Buy and sell cryptocurrency using bank transfers on market rates.
Enjoy fixed fees for receiving SEPA payments from 34 European countries (regardless of the amount). The complete list of the SEPA zone countries can be found here. Skrill, eBay, PayPal and many other similar services support SEPA/wire transfers so that you can transfer money from anywhere.
It’s Great For Travelling
The TRASTRA debit card is the ultimate travel companion if you’re looking to make contactless payments and cash withdrawals worldwide. You can easily exchange your crypto into euros and have funds ready in your wallet and on your card.
It’s Perfect for Daily Use
TRASTRA offers excellent options for those looking to maximize daily use. Firstly, it’s a regular plastic card that you can use at Visa-accepted locations to make effortless ATM withdrawals and spend your crypto online and offline purchases. You can use cryptocurrencies to spend up to 8,000 € a day.
Also, TRASTRA’s robust ecosystem makes it easy for you to convert your cryptocurrencies into euros. And your card statement for tracking your payments, deposits, withdrawals and transactions online is readily available in your intuitive dashboard.
It Gets You Excellent Rewards
You can benefit from the TRASTRA debit card’s referral program that lets you earn 5 € per each new card activation + 0.2% of all your referees’ crypto-to-euro transactions. Until September 31st, TRASTRA gives back 50 € in BTC for each purchase exceeding 50 €. You must order and activate the card with the promo code BTCBACK1.
It Chargest Lowest Fees in the Industry
The TRASTRA debit card does everything your regular payment card does at zero fees. Though the card itself costs 9 € to order, TRASTRA constantly runs promos where you can either get the card for free or get the 9 € refunded to your wallet in BTC. The annual service charge is 15 €, and some 3rd-party fees may still apply, for example, when withdrawing cash from non-EU ATMs (2.25 € + 3% of the withdrawn amount). There are minuscule operational fees (balance inquiries, PIN change and some others) but compared to some of the competition, TRASTRA fees are far more lenient.
Free Card Loads!
Did you just run out of cryptos? The TRASTRA debit card lets you reload instantly without incurring a conversion fee, all powered by TRASTRA’s competitive exchange rates.
This card is ready to use in millions of locations worldwide, and you can withdraw cash from any compatible ATM. TRASTRA includes an EMV chip and multiple options to lock your card and control your spending for enhanced security.
Extra capabilities are also available through the TRASTRA mobile app, including viewing your balance and converting your crypto into fiat currency. To get the TRASTRA card, you’ll need to download the app, load your wallet and order the card. Use promo code BTCBACK1 to get 50 EUR back on every purchase made with the card that exceeds 50 EUR.
Brilliant for Crypto-to-Fiat Conversions
The TRASTRA debit card lets you convert cryptocurrency into fiat instantly. You can spend your crypto at any retail location that accepts contactless, chip or PIN payments from Visa. TRASTRA also lets you perform instant peer-to-peer fiat and crypto money transfers. You can easily send fiat to family, friends or employees anywhere in the world.
It Gets You Zero Crypto Transaction Fees
TRASTRA card stays true to its course with zero crypto transaction fees. Whether you’re transferring crypto, exchanging to fiat currency or making a deposit, you won’t pay a dime. Deposit Bitcoin and five other supported cryptocurrencies into your TRASTRA account and use them wherever Visa is accepted.
TRASTRA lets you start spending your crypto assets in 4 steps:
- Create a TRASTRA account using the web interface or mobile app.
- Fund your account (use an existing card, do it via a bank transfer or simply transfer crypto from an external wallet)
- Verify your account.
- Order your TRASTRA card with BTCBACK1 promo code (offer ends Sept 31st) and start making purchases and receive 50 EUR back each time your purchase made with the card exceeds 50 EUR.
It’s Secure
The TRASTRA debit card secures your digital assets with military-grade 256-bit encryption that also incorporates 24/7 fraud monitoring mechanisms to ensure the safety of your funds and transactions. The card features 5-layer security with a multi-sig system by BitGo, 2-Factor Authentication (2FA), SSL encryption and device authorisation.
You can order and manage your TRASTRA card in the comfort of the TRASTRA mobile app, which gives you worldwide access to your wallet.
Use the TRASTRA app for safe online purchases, monitoring your transactions in real-time, freezing and unfreezing your debit card and receiving notifications about all your transactions.
With TRASTRA Card, Direct Spending is Pure Joy
The TRASTRA Visa debit card lets you spend directly from your TRASTRA account without having to move your funds to other bank accounts. Your cryptocurrency is converted to euros before completing ATM withdrawals and purchases. The TRASTRA card also lets you earn substantial rewards through daily spending.
What is a Crypto Debit Card?
Similar to conventional cards, crypto debit cards let you fulfil day-to-day transactions using Bitcoin, Ethereum and other altcoins. In the case of TRASTRA, it’s six major cryptocurrencies: BTC, ETH, LTC, XRP, BCH, and USDC. You shouldn’t have reservations about your plastic card being accepted by merchants since most of these debit cards are backed by Mastercard and Visa.
Benefits of Crypto Debit Cards
Switch Between Currencies
Most crypto debit cards let you access both digital currencies and fiat currencies with ease. You don’t have to switch between cards to make payments in different local currencies. This is a great draw if you’re a globe-trotter who doesn’t want to exchange currency each time you need to pay for something.
Cut the Card Costs
Crypto debit cards eliminate some of the unpleasant fees associated with bank-issued debit cards. Most promise zero foreign exchange fees, zero transaction fees and zero monthly maintenance fees. Other crypto cards will waive the monthly fee if you maintain a specific account balance.
Security
Most crypto debit cards incorporate advanced security measures to protect your digital assets and transactions. Most cards have 2-factor authentication, 256-bit encryption and round-the-clock fraud monitoring. Temporarily freeze or unfreeze your debit card if you detect an unrecognized transaction.
How do Crypto Debit Cards Work?
Crypto debit cards differ from conventional cards in the way you spend your digital assets. First, you must top up your crypto debit card with a digital currency of your choice, often from the card provider’s wallet. Most providers will let you fund your card via their website or mobile app.
Once your card is loaded, you’re ready to hit the spending spree — whether in-store or online. Most crypto debit cards will reward you with zero transaction fees and generous spending limits per day. You can expect to use your debit card at points of sale that accept Visa or MasterCard.
Rather than buying a product or service in crypto, your card provider converts your digital currency into fiat currency that you’ll use to complete the transaction. Some crypto debit card providers will issue 2 card types: a virtual card for online purchases and a physical card for in-store purchases.
Crypto Debit Rewards
Sure, crypto debit card rewards are available but they are quite different from what you’d expect from conventional prepaid debit cards. Most crypto debit cards promise to offer a cash-back percentage for every purchase you make. The amount you’ll receive depends on the card provider, and you can expect it to be in the form of a cryptocurrency.
Depending on your needs, you can redeem, spend or send the rewards into an interest-bearing account.
Crypto Debit Variables
Crypto debit cards aren’t with their drawbacks. Some providers may require that you stake cryptocurrency to unlock some of the card’s best rewards. The spending limits on debit cards mean that you can’t spend big with your debit card.
And then there are concerns of Bitcoin’s volatility, which often drags other cryptos behind. For instance, the BTC you use to make a $100 Airbnb booking today may end up being twice as much a few months down the line. It could also crash, and you’ll consider your booking a bargain.
Crypto Debit Cards are the Future
Topping up your account is pretty easy since you’ll probably do it from your crypto wallet. Some of the world’s largest crypto exchanges, including Coinbase and Binance, now own Visa debit cards. Then you’ll have a fully functioning debit card that lets you convert your digital assets into fiat currency to pay for goods and services or withdraw funds.
But with hundreds of brands offering crypto debit cards, it’s important that you perform some due diligence, including understanding the regulations within each brand’s jurisdiction.
