Bitcoin Debit Cards

Bitcoin debit cards are prepaid cards with users first required to fund their accounts before transacting. Bitcoin credit cards on the other hand work by leveraging bets on the Bitcoin and are less prevalent. You should note that Bitcoin transactions are settled in the gross or on a one to one basis resulting in difficulties getting credit for the transactions. It is this very reason why there are few companies ready to offer Bitcoin credit cards.

What is a Bitcoin card?

Bitcoin cards are a means of convenience in the purchase in the goods and services. They refer to either plastic or virtual cards that enable the exchange of goods and services for Bitcoins and available mostly as debit and credit cards with the only difference being in the way value is drawn from the card. Even though Bitcoin dominance has been slashed, the token is still dominant and controls 34.55% of the market share with a market capitalization of $191B. With each coin available at around $11,000, Bitcoin is more of a store of value than a means of exchange but that has not stopped people from trading with it. In fact, more than 200,000 transactions are transacted on a daily basis on its network despite the relatively high transaction fees. As cryptocurrencies become main stream, more and more companies are offering card services to the Bitcoin holders for the purchase of goods and services. Read the reviews of all the best bitcoin debit cards before you decide to get one.