Advcash
Advcash Review
A common argument for regular money (also known as fiat currency) as opposed to cryptocurrency is that you can’t use cryptocurrency to buy groceries and other everyday items. Well, through the use of a cryptocurrency debit card, you can. This is a review of Advcash, one of the crypto debit cards out there.
General information
Advcash supports Bitcoin. So if you need to convert any other cryptocurrency into everyday purchases, you need to convert such relevant cryptocurrency into Bitcoin first.
The card will however most likely support even more cryptocurrencies in the future.
With respect to fiat currencies, Advcash supports EUR, BRL, KZT, RUB, UAH and USD.
The Advcash-card has the reach and acceptance rate corresponding to a MasterCard or VISA-card.
US-investors may not use this card.
Picture of Card
Advcash Fees
These are the fees charged by Advcash:
We think that the above fees are very competitive.
There is an issuance fee set to USD 14.99. USD 14.99 is in line with industry average.
There are also no monthly fees, which is very beneficial for the customers.
ATM-usage results in a fixed fee of USD 2.99, unless the withdrawal is made in RUB, in which case there is no fee at all. The fixed fee structure might be bad in countries where the normal ATM-machines only allow smaller withdrawals (USD 20 for instance). In such scenarios, in order to withdraw a larger amount you need to withdraw several times, thus triggering the fixed fee each time. Usually, however, you can go to a bank to withdraw higher amounts in a more efficient manner.
Furthermore, the most important fee of them all, the commission on spending. Advcash sets you back 0.00% when purchasing something in USD or EUR. This means that if you buy a nice sweater for USD 100, this will reduce your crypto assets with USD 100 (i.e. nothing more than what you can expect). However, if you purchase anything in another fiat currency than USD or EUR, Advcash charges a 2.95% FX-conversion fee. This means that any purchases other than USD or EUR-purchases will come with a 2.95% commission based fee.
Finally, the maximum monthly deposit is USD 250,000 (post-verification). If you need a card with higher maximum deposit limits than that, don’t worry. Just have a look in our cryptocurrency debit card list to find another card for you.
Concluding remarks
If this is the cryptocurrency debit card for you, congratulations. Sign up here NOW.
If not, check out one of the other epic cryptocurrency debit cards in our debit card list. Good luck!
-
-
-