Topic: [ANN] Mistertango - Bitcoin friendly European Bank Account + free MasterCard - page 7. (Read 30527 times)

Not so long ago deposit fee was 0.00500000 BTC,now they have reduce fee for 50% which is a very good move.Also for EU residents MasterCard is completely free for a period of three years.As far I know user can withdraw 200€ at ATM for free every month,after that fee is applied.

Since my old Android is not support MisterTango app(I hope to buy a new one soon) is phone app necessary for anything except for identity and card verification?

Thank you for this in depth review, I am sure people here, including myself, appreciate it.
I agree with the previous comment, it seems this is the best option ATM.

It seems Wirex should start delivering their cards in about 2 weeks time. More competition will make them reduce their fees. Other then that, Mistertango seems OK.

Hello.. I have the card i it just works everywhere, almost 500€ spended on stores in just a week!

The only "problem" is the fee you pay to load the card, but if you load high amounts you will not have this problem, for example, the fee of loading the card with 100€ or 2000€ its almost the same "aprox.25€" so if you top-up with high values its not that big of a deal! ATM withdrawals are fine too, but you can only withdraw 1 time per month free of fee, if you want to withdraw more you will pay 3€ fixed-fee for every time on that month, the withdrawal fee resets at the end of each month!

All the purchases in ePOS/POS stores are FEE-FREE so this is very good. As far as i know this is one of the best cards right now that still runs.

Hi there,

I just received my card so I'm still testing it.  

After completing the verification it did take a week or so to get the card. The verification process itself was easy. I just needed my passport and a selfie. After that, the process was almost done instantly.

The app itself is quite crude and needs a lot of unnecessary permissions.
After the first login with user and pass a pin was set to secure the app.

The website has optional 2FA authentication with SMS but no google authenticator or yubikey.  

The card itself is a Mastercard from Hercus.
Here's a link to the pricing list: https://d168plm0n1qvjk.cloudfront.net/en/wp-content/uploads/Mistertango-pricelist.pdf

After completing verification I tested a Bitcoin transaction. The transaction was fast, the BTC where sold on Bitmarket.lt (btc-exchange.com) and transferred EUR to my account.

But there is a deposit fee of 1% or no less then 0.0025 BTC. The BTC withdrawal fee is 1% of transaction, but no less than 0.005 BTC.
There are no trading fees.

I simply do not know how often the exchange rates gets updated and how exactly they get calculated. From terms of use:

1.3. Client has a right to buy and sell cryptocurrency on Exchange's market price. Client understands and agrees that final price of market price deal is based on available cryptocurrency amount at respective price rate of demand and supply at that moment  

It's also possible to transfer EUR via SEPA or SWIFT.

Personally I think the fees are high and the app is crap (I was a Xapo customer before the wavecrest debacle, and their app was good). But the card was delivered within a week and so far I had no issues except from the card activation because of VPN usage. To see how reliable their service really is I need more time to use it.

Cheers
kirmizz

i received mine today. Havent activated yet, will do it soon. Yes its hercus card, so hopefully it lasts. I plan to deposit around 400-500 euro from my bitcoin wallet to test the card. So i can use for online and inshop purchases. I dont know if its best to use their bitcoin to euro system, or some other exchange method. Like sell to someone at better rates and they send a sepa/switch transfer to me. Cause i think as it is now, it wants around 23 euro for fees(0.0025 btc) to deposit money, plus the transfer fee, plus you are getting a worse sell rate for your bitcoin. Last time i cheked their exchange rate to sell your bitcoin is significantly  less than general current rate. For example, right now their sell rate is 8870 euro/btc at btc-exchange and general market value of 1 btc is around 8970 euro. So if you want to deposit 1 btc , you will get 100 euro less from this rate and 1% or minimum 0.0025btc fee (1% of 9k is around 90 euro isnt it??), plus transfer fees from your wallet. So in in 1btc we have around 200 euro in fees. This kinda sucks big time. Is my math wrong? Luckilly i dont have 1 full bitcoin to worry about loool.

I am kinda thinking whats the best ways to use this card. Like if someone owes me money, or wants to buy my bitcoin, or i sell something and want to get a payment..... i could give them my iban and they sepa/swift my money there. I think its best than using their exchange.  But i see some users saying that getting money from various sources is kinda sketchy and could cause problems. If i deposit btc to euro, like less than 1k euro per month and use it, will it cause problems?

Any issues with the card? Works fine?

 I got verified in five minutes and got the card after one week. It's a Hercus MasterCard. Fee to load Bitcoin is 1% but minimum 0.0025 BTC when depositing and 0.005 BTC when withdrawing. BTC exchange is free and you can see all open orders at http://btc-exchange.com/

Can you please share your experience using the card. How long did you wait to get it? How long did you wait to get verified? What kind of card is that? What are the fees and BTC exchange rate?

Thanks.

I had the same problem. There was simply no card option in settings. But as soon I deactivated my VPN connection, I was able to activate the card.

cheers
kirmizz

Use an app if you're a private person, and web if you have a business account.

I agree with you.
That is actually the reason I want to use their service but I don't blame them for having strict KYC for incoming funds. I believe they should clearly state what documents they need for the proof of deposit payment. Unfortunately I don't see anything regarding that on their website.

20$ monthly fee for non resident EU? Are you serious???

Yes, this does not seem to be that bad. Anyone who uses the card can please confirm this?

I don´t work for Mistertango, but I know that they use the following exchange:
http://btc-exchange.com/

You could sell 0.5 BTC at the following rates as of now:
Bitstamp 9235.84 €
BTC-Exchange 9038.03 €    (there are a few offers that are even cheaper, but they are <0.001 BTC therefore not really relevant)

I see some people complain about the BTC exchange rate Mr.Tango uses. I ve seen complains of your exchange rate being 20% below Preev. Can you please clarify what exchange do you use?

I hope everything will work good,and that you post how satisfied you are with the total service.I see that verification of card and account requires using of mobile application,is that mobile app necessary for further use of service/MasterCard or can be removed from smartphone?

For users of Android phones,app requires Android version 4.4 and up.

But if you can't receive money from other people on your account, what's the point?

Moving money around your own accounts?

Bank transfers are never anonymous!. Each account has a very well identified owner. What am I missing here?

I was talking about FIAT not BTC.
You are right BTC is almost anonymous.
I still don't know what is their KYC for BTC withdrawals either ... 

I have waited for like 5 minutes and nothing.

Hello I just received HERCUS Mastercard from mistertango but I don´t know where can I activate it I was looking into web site and I also checked app but there is nothing related with my card. Can anyone tell me where can I activate it? I would be very happy.

Thanks.