Post
Topic
Board Exchanges
Re: Bitcoin Debit Card, NOT provided by Wave Crest Holdings Ltd. (MyChoice)
by
someone111
on 06/02/2018, 22:38:04 UTC
https://www.revolut.com/mt/cryptocurrency-terms
Quote
Restrictions relating to the Crypto Services

6.1. We will apply limits to the amount of cryptocurrency that a User will be able to gain exposure to per transaction, such limits will be implemented at our sole discretion and amended and adjusted from time to time.

6.2. Any limits as described in clause 6.1 above will be outlined whilst using the Crypto Services and before any proposed transaction is accepted.

6.3. You will not be able to transfer any cryptocurrency held outside of a Revolut Account into a Revolut Account.

6.4. You will not be able to transfer cryptocurrency exposure held as part of the Crypto Services to other cryptocurrency wallets held outside of the Mobile App (for example transferring your BTC exposure to other bitcoin wallets).

6.5. Your cryptocurrency exposure balance will first be converted into fiat if you wish to transfer your cryptocurrency exposure externally.

Quote: "You can't send Bitcoins to Revolut and withdraw cash from ATM.And you can't send cash and withdraw to Bitcoins."  

 -- Yes, I think what most people do is sell their BTC on gdax, then SEPA transfer euros to the Revolut, then either spend or withdraw to their normal bank account.  It's supposed to provide the interbank exchange rate for EUR to GBP for example.


Are there any debit cards that allow you to send your own BTC and load it to the card, then spend in stores, or withdraw cash at ATMs?  I think Spectrocoin (Bankera) may do this - How do their fees compare to other cards?  - https://spectrocoin.com/en/bitcoin-debit-card.html

I think an ideal card shouldn't charge for ATM withdrawals or POS transactions, and ideally there should be no limits on withdrawals or transactions.

If I understood well your question Mistertango is the card you are looking for. You can load it with Bitcoins from your own wallet, exchanger or something, it's exchanged to fiat currency immediately and then you can spend it in stores and on ATM. But still there is limit for monthly ATM withdrawal.

...and they probably quit the card very soon...
Why do you think so?

Quote: "You can't send Bitcoins to Revolut and withdraw cash from ATM.And you can't send cash and withdraw to Bitcoins."  

 -- Yes, I think what most people do is sell their BTC on gdax, then SEPA transfer euros to the Revolut, then either spend or withdraw to their normal bank account.  It's supposed to provide the interbank exchange rate for EUR to GBP for example.
I have read reports that revolut blocks payments coming from crypto currency exchanges, namely kraken.

https://community.revolut.com/t/incoming-bank-transfer-to-eur-unique-iban-apparently-declined-from-revolut-ltd/10230/8

Did it work for you?