Bitcoin Debit Cards

How Does a Bitcoin Cash Card Work?

Banks aren’t the only legal entities that issue debit cards. Many e-wallets like Paypal, ecoPayz, and Skrill can also have a deal with one of the credit card companies in order to bridge a gap between e-wallets and the real world. This way, instead of logging into your e-wallet each time you want to transfer money, a debit card might speed things up.

Bitcoin debit cards work the same way.

Under normal circumstances, in order to turn crypto funds into fiat funds you can use in the real world you would have to do the following:

1. Select a cryptocurrency you want to convert into fiat currency.
2. Convert that cryptocurrency using our wallet’s exchange rate.
3. Request a withdrawal for newly converted currency.
4. Wait until the withdrawal request is finished.
5. Finally, use the fiat currency through our bank debit/credit card.

The process is the same with any Bitcoin Debit Card.

How to Make a Deposit Using Debit Cards

Debit cards allow for simple deposits at online casinos and usually take a few minutes to complete. Some casinos grant welcome bonuses to new players when making their first deposits. Here is what you need to do to deposit at an online casino using your crypto debit card:

Benefits of Owning a Bitcoin Debit Card for Online Gambling

The main benefit of having a Bitcoin debit card for online gambling is that you get access to more online casinos (crypto or fiat). If you are a player who prefers using cryptocurrency, a Bitcoin debit card provides access to fiat-only casinos, too, as long as they accept the credit card you own.

Another benefit is that it’s not directly tied to any bank even though debit cards are often associated with them.

Perfect pair with online gambling

Debit card providers are a convenient way to supplement your crypto gambling. Not only will you be able to cash out your winnings, but there is no need for transferring funds to a traditional bank throughout the process. Simply top up your Bitcoin card directly from your personal crypto wallet and you’re good to go.

Foreign currency conversion fee

Traveling internationally can pose numerous risks in terms of conversion fees, and yet most Bitcoin cards hold better fees than a traditional currency exchange. Since cryptocurrencies are universal, the rates will be relatively the same no matter the country. There are only a few regulated areas that will prohibit you from using crypto debit cards.

Provider availability

There are plenty of fintech companies that issue Bitcoin debit cards. Signing up takes a few minutes with no limitations imposed. Any service that accepts Visa debit cards is no stranger to crypto cards – and online casinos are no exception. This mitigates various problems when searching for the best Bitcoin debit card for you.

Spend cryptos like traditional currencies

The mass adoption of cryptos has flipped the script in terms of depositing and withdrawing money online. Bitcoin cards now offer users a way to utilize their crypto funds in the real world, too – a small yet crucial step for the way we make payments.

How to Get a Bitcoin Debit Card?

Some, but not all, crypto wallets offer their users debit cards. This option is usually part of Additional services or Extra features because not all crypto users have a need for a Bitcoin debit card. If your wallet does offer a Bitcoin debit card, the process of getting one shouldn’t be too difficult (but it might take some time).

You can usually apply for a virtual card, a plastic card, or both. Down below we’ve listed what each of the two cards does and how to get them.

Virtual Crypto Debit Cards

The easier of the two. You can usually apply for a virtual card directly from your crypto wallet and you should only need to wait a few days before you get access to it. To apply for a virtual card, you usually won’t need to submit any additional KYC. You may have to pay a small fee (and maybe pay an annual fee) for the virtual credit card.

The virtual credit card gets saved to your phone and when you need to use it, you simply open your crypto wallet and access it. Afterward, it acts like any other virtual debit card. Simply place it near a card payment device, enter your pin and you should be good to go.

Plastic Crypto Debit Cards

If you want to carry around an actual plastic crypto debit card, you’ll need to do a few extra steps as opposed to the virtual card.

First of all, to apply for a crypto debit card, you need to pay a manufacturing fee and, possibly, a shipping fee since the card needs to be delivered to you. Depending on where you are located, it can take anywhere from a few weeks to a few months for your plastic card to arrive. Once the card arrives, you can use it just like any regular debit card.

List of Crypto Debit Cards

Down below, we’ve compiled a list of some of our favorite crypto wallets that also offer crypto debit cards. Each of these has its own strengths and weaknesses that we are also going to list. More importantly, we’ve tested all of them at both crypto and fiat casinos and they all worked without any problems.

Advantages of Using Crypto Debit Cards

Now that we’ve covered how the whole process works, it’s time to talk about all the advantages that a crypto credit card can bring.

• If you are someone who constantly converts your crypto into fiat currencies, then a crypto debit card is a great solution for you. With a crypto debit card, you can pretty much bypass the entire withdrawal process because the crypto wallet simply does the whole process for you.
• If you happen to own certain crypto tokens, you can also rake up some nice rewards such as cashback or even interest in certain cryptocurrencies.
• Not only can you use the Bitcoin Debit Card at fiat-online casinos but you can use it on any other website that accepts fiat debit cards.

Disadvantages of Using Crypto Debit Cards

Unfortunately, a crypto debit card is not without its shortcomings:

• Like with all crypto transactions, you have the same disadvantages even though you have a debit card. You still won’t be able to request a chargeback or nullify transactions because you are still dealing with cryptocurrencies.
• Crypto wallets can have their own conversion fees and transaction fees which can be pretty expensive when it all adds up. In addition, there can also be annual card fees that you have to deal with.
• There is no decentralization. In other words, if you want to use one of the best crypto debit cards, you will have to trust the service provider and Mastercard/VISA.

Bitcoin Debit Card Summary

For people who enjoy visiting crypto casinos and want to extend to more traditional fiat online casinos, a Bitcoin Debit Card may be a great payment method solution. Not only do you get access to all fiat casinos but you can also get many of the benefits that come with crypto payment methods like transaction speed, lower fees, and anonymity.

If any of these features sound interesting to you then a Bitcoin Debit Card might just be a great addition to your crypto wallet!