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Bitcoin card

What is a Bitcoin card?

A Bitcoin card, also known as a Bitcoin debit card, is a payment card that allows users to spend their Bitcoin at merchants that accept card payments. These cards are typically linked to a cryptocurrency wallet, enabling users to convert their Bitcoin into fiat currency (such as USD, EUR, or GBP) in real time at the point of sale. This allows users to easily use their Bitcoin for everyday purchases, both online and in physical stores.

How do Bitcoin debit cards work?

Bitcoin debit cards allow users to spend their Bitcoin at merchants that accept card payments. When using a Bitcoin card, the Bitcoin balance will be automatically converted into fiat currency at the current exchange rate. This means that such cards can be used to pay any physical or online merchants that accept card payments.

How do I get a Bitcoin card?

To get a Bitcoin card, users typically need to follow these steps:

  • Sign up: Sign up for an account at a Bitcoin card provider. This usually involves providing personal information for identity verification purposes.
  • Fund your account: Once your account is verified, you'll need to fund it with Bitcoin. This involves transferring Bitcoin from your wallet to the account provided by the Bitcoin card provider.
  • Order your card: After funding your account, you can order your Bitcoin debit card from the provider. The card will be shipped to your registered address.
  • Activate your card: Once you receive your Bitcoin card, you'll need to activate it following the instructions provided by the card issuer.
  • Start spending Bitcoin with your card: Once activated, you can start using your Bitcoin card to make purchases at any merchant that accepts card payments. When you use the card, your Bitcoin balance will be automatically converted into fiat currency at the current exchange rate.

Can I withdraw cash from ATMs using a Bitcoin card?

Withdrawing cash from ATMs using a Bitcoin card is possible. Bitcoin debit cards typically allow you to withdraw cash from ATMs just like traditional debit cards. You can use your Bitcoin card to withdraw fiat currency from ATMs that accept card payments. The withdrawn amount will be deducted from your Bitcoin balance and converted into the local fiat currency at the ATM's exchange rate. However, do note that some Bitcoin card providers may impose withdrawal limits or fees for ATM transactions, so it's essential to check the terms and conditions of your card provider beforehand.Did you know that you could also withdraw Bitcoin to cash with a Xapo Bank debit card? You can use our card to withdraw cash from ATMs globally. However, if your Xapo Bank account is out of USD, we will use your Bitcoin balance to process the withdrawal. This means that you can use the Xapo Bank debit card to withdraw your Bitcoins to cash globally if you wish to.

Read more about the Xapo Bank debit card.

*The Xapo Card can be used globally. Use these links to read more detailed info on ATM card acceptance and withdrawals, and card cashback.

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