Not only cryptocurrency cards are affected with the relatively low limits, but the regular ones issued by banks as well (albeit withdrawal limits are higher). For example, card issued by my bank has 5000 kuna daily withdrawal limit (approximately 660 euro) so its a little bit more than a double of Binance card. Big advantage of Binance card is that daily spending limit is 8700 euro which should be enough for 99.99% users.
Its all probably about governments not liking the thought of us withdrawing money without them knowing on what exactly we are spending it.
Its all probably about governments not liking the thought of us withdrawing money without them knowing on what exactly we are spending it.
These are very good limits. I do not use bank cards at all and do not have bank accounts, I use only alternative solutions. The best solution that I found in my country is a card of one payment service, which allows you to withdraw no more than 1,780 euros per day, and no more than 10,700 euros per month. It is a pity that the Binance card is not available for me, so I have to use only such solutions. I used Advcash until 2018, it was probably the most convenient card for both shopping and travel, but it was also limited for my country. Residents of the European Union, of course, have a wide variety in the choice of crypto cards, this is a definite plus for them, there is plenty to choose from.
