What is a bitcoin debit card?

[Good-Person]

There are many companies that offer a Bitcoin debt card. I think that they have some kind of Bitcoin logo on them and some companies like Coinbase also offer one. So, what are Bitcoin debit cards and how do they function? How to obtain one?

 

[Riberet19]

Well, as the name says, Bitcoin debit cards are cards in which you have a balance of Bitcoin that you have bought and deposited in an exchange account for example, or another platform that offers such a card. You can spend your balance in different merchants, thanks to the fact that that value in bitcoin is converted into fiat and the transaction is executed.

 

[Nomad]

There are a lot of crypto wallets and exchanges that have teamed up with Visa and other card providers to give crypto-powered debt cards. These cards and be physical or virtual. I have never used a physical bitcoin/crypto debit card but I have used virtual crypto debit card form Wirex app. These cars can be used just like a normal cards.

 

[Grant]

Pretty self explanatory with the name itself. It's just a physical card you can use, similar to a debit/credit card. But instead it just stores what bitcoin you have.

I think most big cryptocurrencies have their own debit cards, or will be releasing their own at some point if they haven't already.

 

[Heatman]

I believe that you know what a bank debit card is right? It's the same thing with Bitcoin debit card too. The only difference is that with Bitcoin debit card, it's your Bitcoin assets that's linked into the debit which can be used for any transactions that allows for Bitcoin payments.

 

[Ektalakra]

Bitcoin debit cards are linked to your cryptocurrency holdings, allowing you to spend Bitcoin at traditional merchants. They often feature a Bitcoin logo. To obtain one, sign up with a provider like Coinbase, load Bitcoin onto the card, and use it like a regular debit card.