Lack of Bitcoin debit card providers

[magneto]

I don't know if you use Bitcoin debit cards but to my opinion there is serious lack of their providers in the market. In one moment we had a flood of such cards that appeared (Xapo, Advcash, Mistertango, Wirex) and when Visa pulled back their services many gave up permanently.
Now I think that only Wirex has a properly working card.

To my opinion there are many users interested in crypto debit cards services but still there are no new providers appearing at the market. What do you think that is reason for that and will that change in the future?

There are probably more debit cards available and Wirex is definitely not the only one, but you're right on the issue.

The problem isn't a lack of bitcoin debit card providers per se, though. There is a lack of anonymous debit cards that could previously be used without any verification, and now, every single provider requires you to provide at least basic ID before you are able to use their services.

There isn't really nothing that could be done though, because this stems from a) the tightening of regulations which increase barriers for entry for prospective providers and b) the tightening of policies from corporations like Wavecrest in the past that has limited certain services from being able to be provided. You just got to make do with what you've got, or simply convert your BTC into fiat every now and then.

[AdolfinWolf]

Hmm. I just tried to order a card from https://cryptopay.me/bitcoin-debit-card/ contrary to what's stated there though, it first tells me cards aren't available in my country. (I'm EU right now.)

Then it tells me to upload my ID when i click "Order Card".
Am i doing something wrong/missing something, or is their 1000EUR no-KYC card bullshit?

Any other KYC-free alternatives i'd ought to try?


e:
Anyone ever heard of https://uquid.com/faq (?)
They also seem to offer a "1000EUR no-kyc required"-esque card.

[gentlemand]

My GBP Coinbase card supposedly arrives this week. The app is still useless. it took 15 or so attempts to order the card. Now it wants my phone number but does nothing but flicker at me and eats what I type in. They better buck up.

[LeGaulois]

Hmm. I just tried to order a card from https://cryptopay.me/bitcoin-debit-card/ contrary to what's stated there though, it first tells me cards aren't available in my country. (I'm EU right now.)

Then it tells me to upload my ID when i click "Order Card".
Am i doing something wrong/missing something, or is their 1000EUR no-KYC card bullshit?

Any other KYC-free alternatives i'd ought to try?


e:
Anyone ever heard of https://uquid.com/faq (?)
They also seem to offer a "1000EUR no-kyc required"-esque card.

I did have the cryptopay card, I used 2 times only  , after they disabled the cards since it was issued by W.C. It was the one that lasted the shortest for me. I believe that since then they have never updated their page on their site. I mean they may still haven't a new card provider. It's what I guess since the page doesn't even say if the card is a Visa or Mastercard.

[gentlemand]

I believe that since then they have never updated their page on their site. I mean they may still haven't a new card provider. It's what I guess since the page doesn't even say if the card is a Visa or Mastercard.

All of the info out there needs cleaning up. There's so much old information on sites seeking clickbait as well as the card non providers themselves. If you can't be bothered to look a little deeper you'd think there were still plenty of cards available.

I guess it pays for these sites to lure users in without stating that they don't have a card to offer them.

[LeGaulois]

I believe that since then they have never updated their page on their site. I mean they may still haven't a new card provider. It's what I guess since the page doesn't even say if the card is a Visa or Mastercard.

All of the info out there needs cleaning up. There's so much old information on sites seeking clickbait as well as the card non providers themselves. If you can't be bothered to look a little deeper you'd think there were still plenty of cards available.

I guess it pays for these sites to lure users in without stating that they don't have a card to offer them.

They had a popular thread in the forum, even when they didn't have any card anymore . Now it's dead for several months. Don't know what people are doing on this website, it's like Advcash. it's over 1 year since cryptopay announced a brand new Visa card, yet nothing. If Wirex, Advcash & friends can't partner with another company to issue cards their business is almost dead.
So far Wirex and Bitwala have been the only one to be able to recover the Wavecrest fiasco, after months and months of bureaucracy and a lot of money.

[gentlemand]

So far Wirex and Bitwala have been the only one to be able to recover the Wavecrest fiasco, after months and months of bureaucracy and a lot of money.

As ever it's the crypto bit that's easy. As soon as it hits conventional finance it becomes much, much harder.

It looks like Wirex and Bitwala have negotiated exclusive partnerships that must have taken quite a bit of convincing to secure.

I think people are expecting another Wavecrest, who clearly didn't a give a shit, to start issuing again to anyone who likes the idea. Not gonna happen.

[LeGaulois]

So far Wirex and Bitwala have been the only one to be able to recover the Wavecrest fiasco, after months and months of bureaucracy and a lot of money.

As ever it's the crypto bit that's easy. As soon as it hits conventional finance it becomes much, much harder.

It looks like Wirex and Bitwala have negotiated exclusive partnerships that must have taken quite a bit of convincing to secure.

I think people are expecting another Wavecrest, who clearly didn't a give a shit, to start issuing again to anyone who likes the idea. Not gonna happen.

I know Bitwala partnered with Solaris Bank (or SolarBank) in Germany. So they use a Baas (Banking As A Service) instead to rely on something like Wavecrest. On top of that, your funds are guaranteed by the govt (like any bank account; At least in my country and Germany, I suppose other EU countries have this guarantee too)
For someone who wants to create a company like advcash etc, It's much more flexible in the end, and there are established Baas like Treezor or Fidor.
Using a Baas seems to be a more convenient alternative they can use but pretty sure the company location matters as well. See for example Coinbase card for UK, Wirex is from UK

[bitbunnny]

So far Wirex and Bitwala have been the only one to be able to recover the Wavecrest fiasco, after months and months of bureaucracy and a lot of money.

As ever it's the crypto bit that's easy. As soon as it hits conventional finance it becomes much, much harder.

It looks like Wirex and Bitwala have negotiated exclusive partnerships that must have taken quite a bit of convincing to secure.

I think people are expecting another Wavecrest, who clearly didn't a give a shit, to start issuing again to anyone who likes the idea. Not gonna happen.

I know Bitwala partnered with Solaris Bank (or SolarBank) in Germany. So they use a Baas (Banking As A Service) instead to rely on something like Wavecrest. On top of that, your funds are guaranteed by the govt (like any bank account; At least in my country and Germany, I suppose other EU countries have this guarantee too)
For someone who wants to create a company like advcash etc, It's much more flexible in the end, and there are established Baas like Treezor or Fidor.
Using a Baas seems to be a more convenient alternative they can use but pretty sure the company location matters as well. See for example Coinbase card for UK, Wirex is from UK

So, how it's Bitwala, any experiences? I use Wirex and so far I'm pretty happy with their card but I would also like to have another one, as an alternative. Wirex is UK based and I.hope Brexit will not influence their business and policy but you never know.

[mrdeposit]

So far Wirex and Bitwala have been the only one to be able to recover the Wavecrest fiasco, after months and months of bureaucracy and a lot of money.

As ever it's the crypto bit that's easy. As soon as it hits conventional finance it becomes much, much harder.

It looks like Wirex and Bitwala have negotiated exclusive partnerships that must have taken quite a bit of convincing to secure.

I think people are expecting another Wavecrest, who clearly didn't a give a shit, to start issuing again to anyone who likes the idea. Not gonna happen.

I know Bitwala partnered with Solaris Bank (or SolarBank) in Germany. So they use a Baas (Banking As A Service) instead to rely on something like Wavecrest. On top of that, your funds are guaranteed by the govt (like any bank account; At least in my country and Germany, I suppose other EU countries have this guarantee too)
For someone who wants to create a company like advcash etc, It's much more flexible in the end, and there are established Baas like Treezor or Fidor.
Using a Baas seems to be a more convenient alternative they can use but pretty sure the company location matters as well. See for example Coinbase card for UK, Wirex is from UK

So, how it's Bitwala, any experiences? I use Wirex and so far I'm pretty happy with their card but I would also like to have another one, as an alternative. Wirex is UK based and I.hope Brexit will not influence their business and policy but you never know.

Can you please share your experience regarding the Wirex debit card? How much fee is required per withdrawal? Is it accepted by PayPal and other payment providers without any additional verification?

[gentlemand]

Can you please share your experience regarding the Wirex debit card? How much fee is required per withdrawal? Is it accepted by PayPal and other payment providers without any additional verification?

Thread here - https://bitcointalk.org/index.php?topic=1392468.0

Fees here - https://wirexapp.com/help/article/wirex-fees-0077

I've paid for Ebay buys through Paypal with it and it was fine. It's just another Visa card to them. Every site and shop I've used it with went through fine. That certainly wasn't the case with my old Xapo card.

[LeGaulois]

So far Wirex and Bitwala have been the only one to be able to recover the Wavecrest fiasco, after months and months of bureaucracy and a lot of money.

As ever it's the crypto bit that's easy. As soon as it hits conventional finance it becomes much, much harder.

It looks like Wirex and Bitwala have negotiated exclusive partnerships that must have taken quite a bit of convincing to secure.

I think people are expecting another Wavecrest, who clearly didn't a give a shit, to start issuing again to anyone who likes the idea. Not gonna happen.

I know Bitwala partnered with Solaris Bank (or SolarBank) in Germany. So they use a Baas (Banking As A Service) instead to rely on something like Wavecrest. On top of that, your funds are guaranteed by the govt (like any bank account; At least in my country and Germany, I suppose other EU countries have this guarantee too)
For someone who wants to create a company like advcash etc, It's much more flexible in the end, and there are established Baas like Treezor or Fidor.
Using a Baas seems to be a more convenient alternative they can use but pretty sure the company location matters as well. See for example Coinbase card for UK, Wirex is from UK

So, how it's Bitwala, any experiences? I use Wirex and so far I'm pretty happy with their card but I would also like to have another one, as an alternative. Wirex is UK based and I.hope Brexit will not influence their business and policy but you never know.

So far so good, I'm happy when everything works as advertised. Everything is clear and simple and you own your private key.
I wanted to get the Wirex card as plan B but I'm waiting for the "after-Brexit". Being aware of the Brexit if Coinbase says recently they will open the cards to EU too I believe the risk that something happens is low, but I prefer to wait longer to see, no big deal

[AdolfinWolf]

I believe that since then they have never updated their page on their site. I mean they may still haven't a new card provider. It's what I guess since the page doesn't even say if the card is a Visa or Mastercard.

All of the info out there needs cleaning up. There's so much old information on sites seeking clickbait as well as the card non providers themselves. If you can't be bothered to look a little deeper you'd think there were still plenty of cards available.

I guess it pays for these sites to lure users in without stating that they don't have a card to offer them.

They had a popular thread in the forum, even when they didn't have any card anymore . Now it's dead for several months. Don't know what people are doing on this website, it's like Advcash. it's over 1 year since cryptopay announced a brand new Visa card, yet nothing. If Wirex, Advcash & friends can't partner with another company to issue cards their business is almost dead.

I've contacted their support (Cryptopay) and this indeed seems to be the case. Currently only KYC2+ verified people from Russia can get physical cards, (Passport + utility bill verified), and the rest is "Going to be announced soon".

Pretty nasty marketing if you ask me. I mean come on, at least remove the outdated card info temporarily.

[LeGaulois]

I believe that since then they have never updated their page on their site. I mean they may still haven't a new card provider. It's what I guess since the page doesn't even say if the card is a Visa or Mastercard.

All of the info out there needs cleaning up. There's so much old information on sites seeking clickbait as well as the card non providers themselves. If you can't be bothered to look a little deeper you'd think there were still plenty of cards available.

I guess it pays for these sites to lure users in without stating that they don't have a card to offer them.

They had a popular thread in the forum, even when they didn't have any card anymore . Now it's dead for several months. Don't know what people are doing on this website, it's like Advcash. it's over 1 year since cryptopay announced a brand new Visa card, yet nothing. If Wirex, Advcash & friends can't partner with another company to issue cards their business is almost dead.

I've contacted their support (Cryptopay) and this indeed seems to be the case. Currently only KYC2+ verified people from Russia can get physical cards, (Passport + utility bill verified), and the rest is "Going to be announced soon".

Pretty nasty marketing if you ask me. I mean come on, at least remove the outdated card info temporarily.

I think this has been a method to keep existing customers left without a card.
And for potential new customers, it's a way of saying that for the moment it's not possible to come back later.
I hate wasting my time with such a thing.

[koura_cc]

I don't know if you use Bitcoin debit cards but to my opinion there is serious lack of their providers in the market. In one moment we had a flood of such cards that appeared (Xapo, Advcash, Mistertango, Wirex) and when Visa pulled back their services many gave up permanently.
Now I think that only Wirex has a properly working card.

To my opinion there are many users interested in crypto debit cards services but still there are no new providers appearing at the market. What do you think that is reason for that and will that change in the future?

There are probably more debit cards available and Wirex is definitely not the only one, but you're right on the issue.

The problem isn't a lack of bitcoin debit card providers per se, though. There is a lack of anonymous debit cards that could previously be used without any verification, and now, every single provider requires you to provide at least basic ID before you are able to use their services.

There isn't really nothing that could be done though, because this stems from a) the tightening of regulations which increase barriers for entry for prospective providers and b) the tightening of policies from corporations like Wavecrest in the past that has limited certain services from being able to be provided. You just got to make do with what you've got, or simply convert your BTC into fiat every now and then.

The problem is not the lack of debit card providers per se, there is a lack of debit card that can be used without any verification. Ideally, each provider must provide an ID to use the services. This issue is also solvable if emerging companies consider that an ecosystem would make this process easier. Within the ecosystem, a franchise model must provide the banking-like service to solve the liquidity problem in addition to being who supports the debit card issuance and security in partnership with something akin to Visa or MasterCard.