Bitcoin debit cards are often seen as the perfect hybrid solution between cryptocurrency and traditional payment methods.For all of the convenience these solutions offer, they still require a bank to control user funds and third party services managing the Bitcoin wallet. At the same time, the different Bitcoin debit card offerings are becoming more competitive, which is good for cryptocurrency enthusiasts.
Bitcoin Debit Cards Are Convenient At A Price
For those people who still associate Bitcoin with anonymous payments, debit card are completely out of the question. The majority of Bitcoin debit cards come in physical form, and will require an address to be sent to. Granted, this can be done with fake information, but doing so would limit the usability of this payment medium.
Unfortunately, every debit card loaded with Bitcoin is still issued by a bank. Most card providers in the Bitcoin space use the same bank, which will let users spend up to US$2,500 for the lifetime of the card without verification. Lifting those limits will require some identity verification, which nullifies the use of fake information. That is, unless one is very good with photoshop, albeit we strongly advise not to rely on such