Truth be told, there are few good anonymous Bitcoin wallets on the network, but you can still find some that can offer you what you’re looking for. Bitcoin was created to initiate quicker, more secure financial transactions with a layer of privacy for the user – but it was never intended to be completely anonymous.
Bitcoins is hands-down the most convenient and easy to use digital currency. However, don’t forget it was constructed for keeping the user pseudonymous rather than anonymous. Like many other currencies, it won’t allow you stay fully anonymous, as all transactions are stored publicly in the blockchain. The user can still stay anonymous until there are no special circumstances that call for revealing the identity. Most modern ASIC miners can fairly easily decrypt the data down to the IP and location of a Bitcoin transaction. Thus, if uttermost anonymity is what you’re after, you would most likely need to only use a wallet address once, or move to other cryptocurrencies that were created with anonymity in mind, such as Monero.
Back to Bitcoin – wallets are important tools for keeping your funds safe from malicious hacker attacks that happen fairly often on exchanges. However, many of them still require you to go through a long and thorough identity verification process, which kind of contradicts one of the basic premises of cryptocurrencies – anonymity. Below, we introduce you to some of the best anonymous wallets for Bitcoins, which can help you conceal your identity better than other options on the Internet.
Electrum has been in business since 2011 and is one of the most trusted crypto wallets. The only thing that might impede you to use it is that you’ll have to get a tad geeky about it.
The Electrum community claims that the wallet does its job well, however, for optimal performance, you must use it with Tails. Tails is an operating system that runs on the Debian distribution of Linux.
Of course, if you know what you are doing, you might be comfortable running it with other software, but otherwise, you would most likely want to get another wallet that is more user-friendly. In its concept, the Tails system is designed to maintain the anonymity of the user, routing all of the internet traffic through the Tor browser.
If you are fine with it, you can go on setting up your wallet. You don’t need to input any of your private information to start using it. The wallet will generate you new addresses for each transaction until you reach 20. You can generate more addresses as well, but you will need to go through some verification steps.
You can still install the wallet on Windows and OS X, but you will still need to use the command line. Either way, if you are comfortable with it, you can get it for free and stay in tune with their updates, as there is hardly any other free crypto wallet that could beat Electrum at the moment. If you need a simpler solution, some of the following might be better for you:
BitLox is a great option if you need a simple and easy to use anonymous wallet. However, it is also one of the most expensive ones. It is a hardware wallet that can hold up to about 100 virtual wallets, where you can create millions of addresses, which should be enough for a lifetime.
Bitlox has some unique privacy features that no other wallet on the market can offer. You can use hidden wallets, set up a data auto-destruction pin, or secure the signature of each transaction with a special generator. If you want to go hard with your Bitcoin privacy, Bitlox is probably the best solution. Though it costs as much as $200 for the whole set, you get all the needed tools pre-installed with the included Tails system.
JAXX is one of the easiest manageable wallets available on all platforms. One of its great features is that it supports more than a dozen different cryptocurrencies.
The security is generated from the user’s side, so all your funds exist only in JAXX. Even if it will go down, you can still export your keys and lose none of your currencies.
Some users have complained that the system is buggy sometimes, but despite that, JAXX seems to give everybody exactly what they want from a crypto wallet. While it’s probably not as anonymous as Electrum and Bitlox, your identity is still not revealed during the setup process, and you can create as many unique addresses as you wish. The wallet doesn’t encrypt the traffic by itself, but for keeping several cryptocurrencies and achieving a basic layer of anonymity, JAXX is a good option.
Samourai is an interesting Bitcoin wallet project, available only for Android devices right now. The wallet is easy to use and it has some nice features. For example, it produces new wallets each time you get new Bitcoins and notifies you when you interact with an address too often, to prevent your purchasing habits from being discovered. You can set up a stealth mode, which will hide the app from the screen and make it accessible only via a special pin code. Additionally, it offers VPN support, Tor, and even blockchain obfuscation to add a privacy layer to your transactions.
A lot of features are in the works right now, and if Samourai continues to expand with interesting features, it could even become the best anonymous Bitcoin wallet sometime in the future.
Each of the wallets has its advantages and disadvantages, but hopefully, the list above will put you on the right track in choosing an optimal anonymous Bitcoin wallet.
Whether you’ve just bought some Bitcoin, or you’re just planning to do that, it’s crucial to think of a place where you can safely store them. Most exchanges will provide you with a temporary wallet, but you probably shouldn’t rely on it for too long. Storing cryptocurrencies online is one of the least safe options – what if the website is hacked and you lose access to your money?
That’s why it’s important to look for a safe crypto wallet to store your Bitcoin. But what exactly is a Bitcoin wallet and how does it work? As Bitcoin is a virtual currency, you cannot keep it in a regular wallet or a safe. However, what you can keep to prove your ownership of the funds is the private key – which is nothing but an array of characters that give you access to your currency address. Think of it like keeping a written track of a password or PIN, but with some extra levels of security.
There are three main types of crypto wallets to choose from: software, hardware, and paper wallets. In this article, we’re going to look at each of them, discuss advantages and disadvantages, and hopefully help you make the right choice.
Software wallets are the cheapest (actually, most of them are free to download and use) and most widely used type of crypto wallet. They are available in three different forms: desktop clients, mobile apps, and web-based wallets.
A desktop client is a software you can download to your computer, and run it in offline mode for extra security. With desktop clients, you can have complete control over your funds and not worry about keeping your money on a website that could be hacked. On the other hand, this type of wallet is susceptible to computer malware, or any kind of software or hardware failure. To put it simply, if your computer crashes while you’re running the client, your Bitcoins will disappear into the void.
The opposite of a desktop client is the web-based wallet. It’s probably the easiest and most convenient option for most people – you register an account on a website, run through some verification procedures, and you’re ready to deposit your Bitcoins. However, online wallets are not as safe as desktop ones. The reason is simple: your private keys or your ‘passwords’ are stored in the website’s database rather than on your device. If the website is hacked, or if the owners themselves want to have a peek at your data, you can’t really do much about it.
Mobile Bitcoin wallets are great for people on the go, who need to have access to their wallet on their portable devices. There are two types of mobile wallets – ones that store your coins on the actual mobile device (much like a desktop client), and ones that are just there to facilitate the access to your online wallet. And they do have the same advantages and disadvantages as their desktop counterparts – there really isn’t much science behind this.
Next come the hardware wallets, which are still considered the safest method of storing your Bitcoins. Although it is extremely safe, it’s more of a hassle to access your coins from it, so we would only recommend investing in a hardware wallet if you want to put your money on ice. Yes, we said invest, as hardware wallets do cost a bit of money – between $50 and $100 at the time of writing. They come in different shapes – some look like USB memory sticks (particularly the Ledger Nano S), others resemble a tiny remote control (Trezor), and some are card-shaped (CoolWallet), which makes it convenient to carry it in a card holder, or your actual wallet.
Hardware wallets will require you set up one or more PIN codes, and sometimes passphrases bound to the PIN (think of it as the security questions to your account passwords.) In addition to that, the wallet will generate a unique combination of words or numbers when you turn it on (the so-called ‘seed’) which can be used to recover your wallet in case the hardware is destroyed or stolen. Make sure you write down the seed when the wallet displays it – you won’t get a second chance!
Lastly, we have paper wallets. Paper wallets are the best of both worlds – they store your wallet information remotely, away from the Internet, like hardware wallets, and are free, like software ones! Here’s how they work: you use a website to generate a unique set of public and private keys, as well as a QR code for easy access to your wallet. All of this data is sent directly to your home printer, and printed on paper. No hackers, malware, hardware crashes, or viruses can affect your wallet anymore. However, something as trivial as water could cause you lose your Bitcoins forever. So be extra careful, and store the paper wallet away from water and prying eyes.
These are the three types of Bitcoins wallets you can get at the moment. As you can see, each of them has its own advantages and disadvantages, but none is 100% safe. Your best bet would be to split your Bitcoins and keep multiple wallets. This way, if one is compromised and cannot be recovered in any way, at least the rest will be safe. Keep an eye on Cloudminers for more guides on how to safely store your Bitcoin!
You’ve finally made the decision to start investing in cryptocurrencies – but you need a place to store them safely. And if you’ve done your homework, you probably know that there are several types of crypto wallets you can keep your coins in. There are software wallets, which are, well, software that run on either desktop or mobile, paper wallets, which are printed records of you Bitcoin ownership that are not stored anywhere else, or hardware wallets. Hardware wallets are similar to an external hard drive or a USB memory stick – it seals away your wallet information on an isolated piece of hardware that only you have access to. However, they are one step ahead of memory sticks when it comes to securing the data – otherwise, no one would pay $50+ for a hardware wallet!
We won’t go too deep into how hardware wallets work, as that calls for an article of its own. All you need to know is that hardware wallets are probably the safest kind of crypto wallet you can get, as they use 2FA to authorize your access to the funds on it. The two-factor authentication (2FA) consists of having access to the hardware itself and knowing the PIN code – much like a card at an ATM.
In this article, we’re looking at the top 5 Bitcoin hardware wallets you can get in 2018:
The Ledger Nano S is the ultimate Bitcoin hardware wallet. It’s very easy to use even if you’re a beginner, as the interface is almost self-explanatory. It’s also fairly cheap, at around $50 as of December 2017, half as cheap as its rival Trezor. When you turn on the Ledger Nanon S, it will generate a random sequence of 24 words (a ‘seed,’ as it’s commonly referred to), which you can use to recover your wallet in case it gets lost or stolen. You then have to create a PIN you will use to get access to your wallet. A unique security feature of the Ledger is that it allows you to set up multiple ‘decoy’ pins that will lead to alternative wallet addresses – very useful for leading robbers away from your actual wallet.
Trezor is probably the best known Bitcoin hardware wallet in the world. However, it is pretty expensive compared to the Ledger, going for around $100 at the time of writing. The technology it uses is also very similar to Ledger’s, but more people prefer to use Trezor because the brand has a very good reputation.
When you first start your Trezor, you will have to connect it a computer and use both devices to generate your PIN. After that, you will be required to enter your PIN twice, and the Trezor will start generating the 24-seed you can use to recover your wallet. It also allows you to set up a passphrase in addition to your PIN for extra security.
Keepkey is the newest product on the Bitcoin hardware wallet market. Its appeal is in the fact that it also supports altcoins, including Ethereum, Dash, Litecoin, Dogecoin, Namecoin, and Testnet. The wallet itself is pretty large though – almost twice the size of the Ledger Nano S, which can be inconvenient for some people. It’s also pretty expensive, going for around $100, just like the Trezor, but Keepkey’s reputation is nowhere near Trezor’s (mostly because it’s new to the market.)
As opposed to Ledger and Trezor’s 24-word seed, the Keepkey will generate a 12-word one. While that might sound like it’s less safe, we wouldn’t worry about it – the probability of someone guessing it is still next to none.
CoolWallet is exactly what it sounds like – a cool Bitcoin hardware wallet. Its design resembles a credit card, but it’s actually a working electronic piece that stores your Bitcoins just like the ones above. However, it connects to your main device using Bluetooth or NFC as opposed to USB – which can be a bummer if you’re more used to doing things on your computer. You will have to download an app in order to start it, and it will let you choose between two seed options – a word seed, and a number seed. With the number seed option, you will have to write the numbers down, and input the sum after you have them all. The process is definitely a hassle, given that the numbers are 5-figures and up, but it’s definitely a secure way to protect your data.
Its main advantage is definitely the sleek aspect, but it doesn’t lack much in terms of technology either. Coolwallet is an IndieGoGo project, and it costs around $70.
BitLox is another indie project that hit the market in 2016. And while it never made it as big as Ledger or Trezor, reviews say that is has a lot of potential. The first batch of BitLox was known to have a lot of issues, but people who bought it recently have had no complaints about it. BitLox is pretty expensive though – costs $98 for the device alone (on their official website,) and $198 for the Extreme Privacy set, which includes a vault with pre-installed TAILS OS, a leather case, and a couple other accessories.
The design of the BitLox also resembles a card, but it’s made of titanium alloy – something the creators take great pride in, saying that makes the wallet indestructible from more than one point of view. The main security feature allows you to choose your own type of PIN, which can be anything from a short 4-digit combination plus 12-word seed to a 60-digit combination plus 24-word seed.
As you can see, there’s not too much difference between one device to the next when it comes to Bitcoin hardware wallets. The security tenchology is pretty much the same – a PIN code, and a 12 or 24-word seed for emergency recovery. Some wallets also let you set up passphrases for incresed security. The price can differe quite a bit though, so we’d recommend you go for the Ledger Nano S, as it’s the best value for the price.
In this day and age when everyone and their mother is getting into cryptocurrencies, choosing a secure Bitcoin wallet is crucial. Moreover, financial experts recommend getting two different wallets – a ‘hot’ one and a ‘cold’ one, for the coins you’re planning to spend and those you plan to keep on ice. In this article, we’re going to take a look at how to choose the best Bitcoin wallet for your particular needs – be that daily spending or long-time investing.
There are three main types of Bitcoin wallets – software, hardware, and paper ones. Software wallets come in two types – desktop clients that work in offline mode, and in-browser wallets, that work only if your computer is connected to the Internet. Some software wallets will even offer you the option of creating a crypto debit card, which you can connect to your wallet and use as you would a normal VISA or Mastercard. Hardware wallets are better for people who own big amounts of crypto, as they add an extra layer of security to your Bitcoin storage. They are very similar to external hard drives or USB sticks, and you have to purchase one before storing your Bitcoins on it. Lastly, you have paper wallets, which are unique addresses generated and sent exclusively to your home printer, printed out, and not stored anywhere else in a digital format. Each type of wallet has its own advantages and disadvantages, depending on everyone’s personal needs.
Software wallets are great for people who aren’t interested in long-term investments. They allow you to withdraw, sell, purchase and exchange your Bitcoin with just a couple of clicks. If you want to use your Bitcoin to pay for goods and services, it’s best to opt for a software wallet that offers crypto cards as well, such as Cryptopay. You’ll be able to shop at thousands of online and offline businesses that take debit cards.
If you opt for a regular software wallet, make sure it’s not an exchange wallet. Might be a bit redundant of us to say that, but you probably shouldn’t use an exchange wallet for long-term storage, especially if you own a large number of coins.
Another important thing to look for when choosing a software wallet is privacy. Some wallets will put you through a tedious identity verification process (usually for your own good, but it can be very time-consuming and frustrating.) Some browser wallets even have access to their clients’ private keys and store them in a third party server (we’re looking at you, Coinbase.) And while that doesn’t mean that they will necessarily steal your Bitcoins or disclose that information to a third party, it’s probably best to keep your cold storage somewhere else.
When choosing a software wallet, make sure it offers all the features you need and has a comprehensive UI. There’s nothing worse than getting a wallet that has tons of features you’re never going to use, especially since they’re also likely to take up a lot of space on your computer. That’s why many people have turned away from using the regular Bitcoin desktop client, as it downloads a full copy of the blockchain on your computer and tends to slow it down a lot. If you’re a beginner, there are tons of beginner-friendly Bitcoin wallets out there – Exodus, Electrum, Green Address, and Blockchain.info are just a few you can check out.
If you’re always on the go and are used to doing everything on mobile devices, there are also mobile Bitcoin wallets. Much like desktop ones, these come in online and offline versions. Each of them has the advantages and disadvantages of their desktop counterparts; the online ones are susceptible to hacker attacks, and offline ones will be compromised if something happens to your mobile device. However, they are very convenient if you’re used to trading and shopping on the go before you get to sit down at your home PC.
If you’re looking to put your Bitcoins in cold storage, might be worth getting a hardware wallet. You can also find software wallets with high safety standards, such as Armory, but they’re usually harder to use for beginners than a Trezor or Ledger. Trezor and Ledger are the two brands that lead the Bitcoin hardware wallet industry, and they are surprisingly easy to use, even if you’re not a cryptocurrency pro. All hardware wallets have fairly similar working protocols and features, but you have to be extra careful to not lose or compromise the hardware, as that will cause you to lose your Bitcoins for good.
It’s worth mentioning that Bitcoin hardware wallets are not as easy to use as software ones, especially if you want to actively trade or spend your Bitcoins.
Hardware wallets can be expensive, and not everyone can afford to drop $50+ on one. The alternative is a paper wallet, which can be generated on several websites, including Blockchain.info, BitAddress, BitcoinPaperWallet, and more. They are fairly safe, as there’s no digital copy of the wallet address stored anywhere online or offline. However, they are susceptible to very trivial factors, such as water, for instance. Getting water on a piece of water can literally destroy your Bitcoins, but what can you do to prevent that? For once, you can laminate the printed Bitcoin wallet. Alternatively, you can use a more advanced paper wallet site, such as BitcoinPaperWallet, which generates tamper-resistant designs and holographic labels.
To sum it all up, here’s how to choose the perfect Bitcoin wallet for your needs:
If you tend to actively spend and trade your Bitcoin, choose a software wallet. Make sure it doesn’t store your private keys on a third party server though – some research should bring that out.
If you want to put your Bitcoin on ice, choose a hardware or paper wallet. However, be extra careful about how and where you store it, as it can be an easy target for prying eyes.
If you spend more time on mobile than at your PC, opt for a mobile Bitcoin wallet. Your concerns should be the same as with a software wallet – anonymity, ownership of private keys, and features you use often.
Keep an eye on Cryptocomparison for more reviews and information on how to choose the safest and most practical Bitcoin wallet for your needs.
When dealing with cryptocurrencies, you will need a wallet to store them in. And as it’s not a real currency, you need a virtual wallet as well – which can either be a software wallet, a hardware one, or a paper wallet. Each type has its advantages and disadvantages, but today we will focus on software wallets – which are usually free to use and can be accessed from either desktop/laptop or mobile. Some wallets have both desktop and mobile versions if you need to have access to your Bitcoins from multiple devices. Without further ado, let’s look at the top 10 Bitcoin software wallets to keep your coins safe in 2018:
Blockchain.info is one of the most beginner-friendly software wallets out there. The interface is very comprehensive, and they have both mobile and desktop versions available. You Bitcoins are deposited online, but you have full control over your private keys, meaning the company does not have access to your funds. However, their verification process is pretty rigorous, so we wouldn’t recommend it if you want to keep your transactions more or less anonymous.
Coinbase is one of the biggest software wallet providers in the Bitcoin business, but it does have full control over the users’ private keys, and all the funds deposited in their wallets. They also provide a service called Vault, which allows you to deny the company control over your money. It might still be worth a shot, as many people use and trust Coinbase to this day, but be extra cautious, and don’t store all your coins on your Coinbase wallet.
Jaxx is the perfect wallet for people who wish they had a built-in exchange. The software lets you exchange between different currencies without taking the money out of the wallet, and then putting them back in. They support both Bitcoin and a variety of altcoins, including Bitcoin, Ethereum, Litecoin, Dash, and other blockchain-based assets. Jaxx is available on both desktop and mobile (iOS and Android)
If you don’t spend too much time in front of your desktop screen and would rather prefer to have your wallet on mobile, MyCelium might be worth a shot. The software is available for both iOS and Android, and offers some pretty advanced privacy and security features. On the other hands, the interface is not as user-friendly as you would expect, which makes MyCelium a better choice for seasoned users.
Exodus is another blockchain asset wallet – in other words, it supports more than just Bitcoins. You can also store your Ethereum, Litecoins, Dogecoins, Dash, and other currencies on your Exodus wallet. The company is quite new in the business, but it has a very convenient interface (desktop only, unfortunately), and lets you trade Bitcoins and altcoins from within the wallet. Depending on when you read this you might want to read some recent reviews on Exodus before depositing your coins.
On the other hand, here’s one of the oldest Bitcoin wallet software companies out there (they even snatched the original brand name.) They do have a bit of experience in what a Bitcoin owner needs from their wallet – and their features are always on point. From privacy concerns to complete control over your funds, Bitcoin Wallet offers everything you need to protect your crypto wealth. Unfortunately, it’s only available for mobile Android users, and they don’t seem to have an interest in expanding to other OS.
Much like the name suggests, Armory is a wallet that emphasizes on security. It’s best suited for advanced users who want to put their Bitcoins on ice, and not necessarily touch them anytime soon. The interface is pretty complex, so we wouldn’t recommend Armory if you’re a newbie to Bitcoin. However, if you’ve been in the niche for some time, and are specifically looking for uttermost privacy and security for your funds and transactions, give them a shot.
Electrum’s main concern is creating a lightweight Bitcoin wallet software, that can work smoothly on just about any processor. It has been in business since 2011, and only offers a desktop interface at the moment. As a beginner, you might find that the interface is very cluttered with all sorts of features, and it might be a bit hard to find your way through at first. There have been concerns with Electrum using remote servers to handle parts of the wallet software, but on the other hand, that allows it not to put a lot of pressure on your processor, as other Bitcoin wallet software do.
Green Address is a good software wallet for beginners. Its interface is very simplified and friendly, but the system is still pretty rigorous with their privacy and security concerns. It supports multi-signature features, and can be accessed on multiple platforms, including mobile (Android app), online, and using a desktop client when in offline mode. You do not have full control over your Bitcoins though, as each transaction has to be approved by a third party.
What we like about Xapo is their debit card payment feature. The wallet has this built-in feature that allows you to spend your Bitcoins as if you has a debit card – meaning they provide you with the data of a virtual debit card you can use to purchase goods and services online. Their interface is very beginner-friendly as well. As far as privacy and security features go, Xapo’s are pretty decent, but nothing out of the ordinary, so better look for something else if you want to put your Bitcoins on ice.
These are the top 10 software Bitcoin wallets you can store your coins in the year to come. If you’re a complete beginner and have no clue where to start, a rule of thumb is going for a wallet that claims no control over your funds. This way you can be sure that no third party has access to your private keys and your funds. Also, opt for something beginner-friendly, so you don’t have to deal with a lot of features and settings you’ll barely ever need.
Cryptocurrencies are becoming more and more popular nowadays, but there’s one issue many people are concerned about, and that is: How can I spend my coins?
If your knowledge about Bitcoin and other cryptocurrencies is solely based on the myths propagated by the media in the last couple of years – about how it was invented and used as the currency of the online black market and how everyone using it was a sort of cybercriminal, this article is going to prove you the exact opposite. Tons of businesses are accepting Bitcoin payments right now, and those who don’t will certainly take credit or debit cards. Today, we are looking at one of the most convenient inventions in the cryptocurrency niche – and that is cryptocurrency cards, which allow you to spend your Bitcoins or altcoins using a simple payment system everyone is familiar with.
Cryptocurrency cards are a rather recent invention, dating back no more than a couple of years. Before, if you wanted to have your crypto coins on your card, you would have to 1) use an exchange to purchase fiat money, and 2) transfer it to your bank account. You would be charged fees for both of these steps, and you’d also need quite a bit of time on your hands, as the exchange process and the transaction could take up to a week. Cryptocurrency cards reduce the process to one step – and that is exchanging the exact amount of crypto coins into fiat money the moment you make a purchase. No more fees from your bank or long waiting times – what’s not to love about it?
But how do cryptocurrency cards work? Who is issuing them, how can you trust them, and where can you use them?
For one, there are several companies that issue cryptocurrency cards. Some of the most trusted ones at this point are Cryptopay, TenX, Coinbase/Shift, BitPay, and Monaco, but there are a few hundred smaller companies that may or may not be worth your time. There’s no real way to make sure that the crypto card company is legit, other than doing rigorous research. And, just like any other business in the cryptocurrency niche, crypto card companies will usually make their websites and social media presence as impeccable as possible – but you should always revert to non-biased, third-party reviews before choosing a company.
The crypto card company will usually offer two options – either a physical plastic card or a virtual card. Now, you might be wondering why on Earth would you need a virtual card when you already have your crypto wallet, but think about all the online stores that will only take cards, and not crypto wallet payments. For that kind of payment, you don’t really need to hold the plastic card in your hand – you just need to introduce the name, card number, CVV code, and expiration date on the website. All that data makes up a ‘virtual card,’ that is usually cheaper and less of a hassle than a physical one. However, if you prefer to have the real plastic card in your actual wallet, you can also have it delivered to your door.
Whether you opt for a real or virtual card, they will be equivalent to the VISA or Mastercard you currently have in your wallet. That means you can use the crypto card anywhere where they take VISA or Mastercard – including your local grocery store, the gas station, and at thousands of online stores.
Let’s talk fees, as none of these crypto card issuers is doing it out of goodwill alone. The fee system is very similar to that of banks and standalone card issuing companies. When you create a new card, you’ll have to pay an initial fee depending on the type of card you want (real or virtual). If you want it shipped, some companies will charge a shipping fee as well. Then, you will have to agree to a monthly maintenance fee (usually a couple of dollars) – and here it’s important to opt for a company that charges a flat maintenance fee regardless of the amount you have on the card. You will also be charged domestic and international ATM fees, and sometimes transaction fees, which should be less than a couple of dollars as well.
Limits are another issue, especially if you’re an investor or someone planning to do more than just order pizza with their new crypto card. We won’t go too deep into the limit amounts, but it’s important to check that the company lets you withdraw as much as you need to, and as often as you need it. You might also check the top-up limits, both the daily and the lifetime ones. Lastly, look into the company’s online transaction limits (if any), as those can be a huge pain if you want to shop online using your crypto card. A rule of thumb here is that the fewer limits a company imposes, the better for you – both as a casual user and an investor.
Note that all of this information is, or should be, available on the issuing company’s website. If it isn’t, it might be a red flag that the company is not as transparent as they should be, so better stay away from them.
Lastly, what are the advantages of a cryptocurrency card? One of the most important ones is convenience – you can now use your coins to buy just about anything, even if they don’t take crypto wallet payments. When you buy something, only the amount you pay is converted into fiat currency, and the conversion happens on the spot, without the need to go through an exchange. It also cuts the amount of time it takes to exchange and transfer cryptocurrency using traditional methods. In conclusion to all above said, crypto cards are one of the best options for people who want to spend their coins instead of keeping them in a wallet, grace to the ‘universal pass’ that is that VISA or Mastercard logo.