GBP Bitcoin Debit Card Providers (Virtual and Plastic)
Bitcoin debit cards are perfect solutions for those users, who want to have access to both their bitcoins and their cash while spending money in an easy and efficient way. The cards have similar features like a prepaid debit card, it can be loaded with funds which later on can be spent at local stores, online shops or to withdraw cash from ATMs.
Residents from the UK or anyone else, who wants to spend GBP or fund the account with British Pound can easily sign up at many bitcoin debit card provider for their services. Each bitcoin debit card has a default base currency and GBP is an option to choose at many platforms.
Ordering the card
To get a GBP bitcoin debit card, users can sign up at several card provider by providing some personal details. An ID card and a proof of residence is required in order verify the accounts. In most cases however there is also an additional option to order anonymous cards, where these infromation are not needed to obtain the card.
The one time issueance fee of the card is between 5-20 GBP. The expensive cards can have additional features, like multiple methods to top up the card. The cards are shipped within 2-3 weeks to the requested location. Express shipping with tracking number is available at most bitcoin debit card provider for an additional fee. In these cases the cards are delivered usually using DHL withing couple of days after placing the order.
The GBP bitcoin debit cards are available to residents from most countries, the services are not restricted only to the United Kingdom. However it is advisable to check the terms and conditions before signing up to make sure the country of the user is listed among the acceptable ones. US, India and China can be just some examples, where many card provider cannot offer it’s services due to the local regulation on financial services.
Using the card
Plastic bitcoin debit card is a physical card that is issued by either VISA or Mastercard and accepted worldwide where these logos are visible. The virtual bitcoin debit cards are issued intantaneously and accepted online only.
The card providers charge a monthly account maintenance fee of 1 GBP which is deducted either monthly or annually from the account. In some cases inactivity fee is charged if the card and the associated account has not been used for certain amount of time.
The GBP bitcoin debit cards can be funded by other credit or debit cards, bank wire transfers or additional payment providers, like Skrill or Neteller beside the funding option of bitcoin. The default currency of the card can be selected and GBP is among the option in most cases at several platform. It is important to consider the default currency of the card as in case the spending or withdrawals conducted in a different currency, a 3% currency transaltion fee is applied to each transaction.
Those users who verify their accounts can use the card to spend up to 20000 GBP or withdraw cash in the amount of 2000GBP. Users who wish to stay in the anonymous area can use the services with lower limits.
Pros and cons
GBP Bitcoin debit cards is designed for those who conduct their transactions mainly in GBP and bitcoin. The cards can be used at thousands of shops and ATMs worldwide. Users just need to pay attention to choose the base currency correctly in order to avoid an extra charge of 3% applied to foreign currency transactions.