The 2.5% fee is not a limit, is a fee to transfer funds into the debit card, and the card storage limit is 3300 USD which is pretty good for almost every person who want to use it for shopping, or have money ready.
ANXPROSo
A little more details like limits and fees would be great, before one signs up for something.
The limit
s would be the amount of currency that you have loaded onto the card is 3300$, and the only fee is 2.5% of the amount you load onto the card. The card will only cost $10 USD.
Yeah, sorry about that, due to some communication problems I didn't receive that information. Also, the price for the card isn't $10 either, prices have been updated.
So what if someone loads up, say 15BTC, would the card refill every time the balance goes below 3300$? Are there any 24 hour limits, withdrawal limits, any other sort of limits?
Good question. As far as I know, you simply cannot load that much btc, and you would only be able to load a maximum of 5.23
BTC, since the limit is $3300. There aren't any other limits as of right now.
If I load 1btc into the card and the current market price is $600. How much will I have on the debit card?
Do you charge exchange fee on top of the recharge fee?
1btc x $600 - ?% exchange fee - 2.5% recharge fee
No, we don't charge an exchange fee if all you do is load up your card. It would be
1
BTC x $600 x 0.975 = $585.
Seems illogical, what if one would want to purchase a car for 15,000$ he could then reload 5.23BTC every couple of seconds and break it down into 3300$ payments? What are you missing?
What if you pay in a different currency? What are your exchange rates? What if you pay in USD abroad, what other fees would incur? What is your policy in case your exchange gets robbed?
There are really many questions and no one qualified to answer them, I have already been tricked into subscribing with my email/name only to find out that this is complete crap.
Our card isn't made for you to buy cars. It's supposed to be used for everyday transactions such as paying for your dinner, buying groceries and such. I assume you don't buy a vehicle every day?
And no, there are no other fees. Our exchange has lots of security features, and most of our funds are stored in cold wallets, far from our office.
We don't have a policy if our exchange gets robbed, but we would repay customers as quickly as possible from our own funds.