TenX Among The Top 5 Crypto Debit/Credit Card Services

dongentle2 (68)in #tenx • 6 years ago (edited)

Cryptocurrency is gradually getting adoption from different classes of people but There’s still a major challenge when it comes to spending money gained from cryptocurrency.

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The normal method is usually going to one of the exchanges to exchange your coin to your local currency (fiat). This exchange is necessary since most local shops, Online stores and people are yet to fully embrace and accept cryptocurrency as a form of payment.

This major drawback made me look into other ways that we can comfortably use our cryptocurrency from the comfort of our homes without having to exchange to fiat by using a Crypto Debit/Credit Card Service. This Method makes it more flexible for you to spend your coins at ease.

Crypto Credit Card

Crypto credit card is just the same as the normal bank card with the only difference of charging you from your coin wallet instead of your normal bank account.

What this means is whenever you use to the card to make payments, the credit card company automatically exchanges your coin into fiat thus enabling you to spend fiat while they deduct from your coin balance.

Advantages/ Disadvantages of Crpto credit cards

The main advantage of crypto credit cards is the ability to use your coins through the card to buy, Withdraw and make payments at your convenience without having to go through the stress and hassles of using an exchange to convert the coin to your fiat account balance.

Another Advantage of crypto credit cards is that most of them offer rewards to users when you use their service. This may be in form of earning their token which might later be traded or converted to cash.

The main disadvantage of crypto credit cards is the slight difference in the conversion rate of a particular coin. This is well balanced with the convenience that it offers.

Top 5 Crypto Debit/Credit Card Services

The fast-growing size of cryptocurrency users has also triggered a lot of developers and organizations to look in that direction thereby giving us various options to choose from.

Today I will be making a short review of the top Five Crypto Credits card (in no particular order) that you can use for your day to day crypto spending.

Some of these cards are currently in use while others will soon be in use.

Cryptopay

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Crptopay is a card provider that supplies both virtual and physical cards to all their users worldwide.

It has a monthly maintenance fee of $1, A Withdrawal fee of $2.5 and a 3% charge on international currency exchange.

You can get the virtual card if you are more of an online shopper or you can apply for a physical card for as low as $15 and your card will be shipped to you.

Another Good feature of this card is that it allows you to load up to $2500 even without completing your verification process. It will, however, require you to complete the verification process if you want to go higher than that.

Visit their website to learn more.

TokenCard

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This is not as popular as some of the other crypto credits cards provider but it is worthy of note that token card is the first token-to-card vendor.

Token card enables you to spend your crypto with ease as the card is accepted by millions of merchants and ATM’s around the globe.

They also have a mobile app that enables you to monitor all your day to day transactions.

The token app is well customized and also provides you with the opportunity to easily switch between digital assets as well as different currencies.

Another plus factor of the app is the availability of the in-app chat feature.

Feel free to visit the official website to learn more about TokenCard.

TenX

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TenX is the most talked about Crypto Debit/Credit Card Services provider. It also has the highest market cap.

TenX Established in 2015, Incubated by Paypal in 2016 and did their ICO in 2017 is a company that is poised to giving its customers the convenience they deserve while spending their cryptocurrency. They give you the ability to Hold, Send, receive and spend cryptocurrency through their TenX Mobile Wallet.

The wallet is available for both Ios and Andriod platforms.

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There are many advantages of TenX, But the affordability of the card, low transactions fees and the ability to use their cards online in over 400 million outlets and almost 200 countries makes them stand our from the rest.

You can get a physical TenX debit/prepaid card shipped to you in any part of the world for just $15.

The TenX app gives you real-time notifications whenever your card is used in any part of the world. It is worthy of Note that TenX uses a comit Network to deliver excellent service to its customers.

Feel free to visit their official website) for more information.

I hope you become their customer soon.

Monaco

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Monaco is a Visa-branded card that makes it easy to spend your digital assets as it takes care of the conversion and exchange of your digital assets. It gives you the ability to track the activities of your digital assets in real time. It has a dedicated mobile app that and a visa card to make your spending easy and stress-free.

Another good thing about Monaco is the 2% cashback that they give to all cardholders. They also reward their faithful customers with MCO tokens.

You can stop by their official website for more information about Monaco.

Wirex

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The last but not the least on my list today is known as Wirex.

Wirex which was known as E-coin in the past provides crypto users with a flexible debit card and a wallet that accepts multi-currency.

Wirex provides you with the option to either get the virtual card or a physical plastic card. Their cards are accepted worldwide as long as a master card or visa are supported in that region.

Wirex plastic card goes for $17 while their international withdrawals are pegged at $3.50

A unique feature of Wirex is the ability to load from other payment solutions like PayPal.

Visit to learn more about Wirex.

Conclusion

Cryptocurrency has come to stay and it is good to get your digital assets linked to a card that you can easily withdraw. I'll recommend TenX for you all.

Let me know your thoughts about my top 5 picks and feel free to drop your own picks.

Disclaimer: This post expresses my own view and is solely for informative and educative purpose.