BEST BITCOIN DEBIT CARD 2018 - Which is best BTC, LTC debit/credit card?
Anonymous Bitcoin Debit Cards
The anonymous bitcoin debit cards are for those who would like to spend money while still keeping their identity hidden. Apart from obvious malicious intent of spending the proceeds from criminal activity, there are some legit cases as well when users want to hide their personal information.
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This can happen such cases when some spendings needs to be separated and hidden from creditos, spouses or just to preserve personal space.
Ordering the card
Anonymous bitcoin debit cards are available in the form of both plastic and virtual cards.
The cost of the issuance for a pastic card is between 5-20 USD, while the virtual card is charged much less.
There is also a monthly account maintencance fee applicable for running the account associated with the card. With standard shipping the cards are delivered within 2-3 weeks internationally, for an extra charge, express delivery can shorten this period.
The delivery can happen to post boxes as well.
Upon registration most companies asks for personal information in order to verify users. Personal data includes, name, date of birth and address these must be provided to verify the account. The identity verification process is based on proof of identity (a photo ID) and on proof of residence (a bill issued to the address) and can take from couple of hours to even couple of days.
If someone does not want to go through the verification process for time specific or for any other reason, anonymous bitcoin debit cards is a good solution. In this case no need to provide personal details, only a name that a user wish to display on the card.
Using the card
The anonymous bitcoin debit cards are issued by VISA or Mastercard, therefore they are accepted at online stores and shops.
However it worth to note that some retailers may refuse to accept an anonymous card if they require a personal identification upon purchase. This can be the cases for some of the ATMs internationally too.
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However most shops and online stores makes no difference in accepting the card whether it be anonymous or verified.
The cards can be funded with several methods, however if user wants to keep their anonymity obviously bitcoin is the preferred choice. There are certain limits applicable to bitcoin credit card users.
These limits are set lower for unverified users compared to verified accounts. The limits can range from 500 USD to 2000 USD.
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The daily ATM withdrawals and the purchases can be also limited for those who wish to use their bitcoin debit card anonymously.
The fees are ranging from 0.5% to 1.5% per transaction and there is an additional currency translation fee is applied for those purchases which are carried out in a different currency compared to the default currency of the account.
Pros and Cons
Anonymous bitcoin debit cards are designed for those users who wish to spend money without uncovering their identity for whatever reason.
The cards are issued without the need for identity verification that can save time at issuance.
Only a name must be provided that is displayed on the card. The fees and charges are similar to those cards which are held by verified users.
It is important however to note that the anonymous bitcoin debit cards can only be used for limited amount of money. For unverified users the amount of available funds are always lower compared to verified users, usually maximized in 500 to 2000 USD per card.