Uquid debit card review:
As a bitcoin user since 2013 I've gotten to know the pros and cons of bitcoin. When bitcoin-powered debit cards came out I was fascinated. Such products have the potential to bring users the best of both worlds. The privacy and freedom of bitcoin, and the nearly universal acceptance of debit cards. Ever since last year, I've been using a bitcoin debit card to bypass capital controls in my country, Greece. They come handy but up to this point comparable with conventional debit cards issued by banks in terms of cost up to this point. And I'm saying up to this point because Uquid has really managed to build a system that allows users to get maximum value out of their bitcoin when loading their debit cards.
Unlike other bitcoin debit cards, Uquid doesn't rely on misleading marketing tactics to advertise their product. I got to know about it through good ol' word of mouth and was immediately amazed at how great their debit card service is. Here's are some reasons that in my opinion make their card is one of the greatest debit cards.
Very low buying cost: Virtual cards are only 1 $/€/£
Privacy-friendly and near instant acquisition for virtual cards: After inputting some basic information, users receive their cards immediately. No requirements to upload documents or have to wait for verification.
Best bitcoin sell prices on the market: Deposits on Uquid accounts are done through BitPay, and BitPay "buys" bitcoins at market rates. So thanks to BitPay Uquid cards most definitely gives the best value to your bitcoins among all bitcoin debit card solutions.
More on the last point:
Bitpay's price is really a strong point here. Uquid is not adding any hidden fees. Other cards are claiming to have no fees but actually profit by adding a difference to their exchange rate. E-coin is a prime example of that.
The image above indicates the price advertised in E-coin's (one of the most well-known bitcoin debit cards) landing page vs the actual rate. And the averaged market rate plus BitPay on Uquid. It's clear that fees on Uquid are very straightforward, absolutely no hidden fees.
Here are Uquid's fees for reference. Even with those, the card provides greater purchasing power than others because of the rate being so good.