Of course, it works, the card is legitimately issued by one of the largest Russian banks in the name of some real person. But if you ever get into a situation where you have to explain where your card came from and why you use another person's official document, good luck with that.
A debit card isn't an official document. Still, the buyer has to trust that the seller didn't to anything fishy to acquire the card. It all might be perfectly legal in Russia where the card is likely to have been issued (it could also have been issued in one of the other countries where VTB has branches).
Loading card is not a problem, but you should keep in mind that there are a number of possible fees here. First fees for converting BTC to Russian rouble since card is issued in that currency, then from rouble to EUR and if you are not in eurozone one more conversion in local currency.
I'm not saying that this kind of service doesn't make sense, of course it does for everyone who wants to avoid paying taxes, but you need to look at the bigger picture and understand what it's really about.
I'm not saying that this kind of service doesn't make sense, of course it does for everyone who wants to avoid paying taxes, but you need to look at the bigger picture and understand what it's really about.
Yes, OP mentioned FX fees are 1-3%, but he didn't mention whether it costs anything to load the card, or which exchange rate is used.
