BlockFi Launches Crypto Credit Card

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BlockFi’s Crypto Credit Card: An In-Depth Review

Using cryptocurrency to make purchases has come a long way in the past few years.

BlockFi Launches Crypto Credit Card – Here’s What You Need to Know

With debit cards like that offered by BlockFi, you can use Bitcoin, Ether,

and Litecoin as easily as you would use cash or your credit card to buy your morning coffee

or fill up your gas tank!

Here’s everything you need to know about BlockFi’s crypto credit card, including what it offers

and whether or not it’s right for you…

Suppose you’re the proud owner of a bitcoin and Ether (ETH) holding,

But you want to invest in some new altcoins or do some online shopping at e-commerce sites that

don’t accept crypto yet.

A crypto credit card like BlockFi’s Crypto Credit Card could be your solution to this problem.

The card charges some hefty fees, though, so let’s take a closer look at how it works and see if it

can save you money in the long run.

Any crypto enthusiast with an eye on the future may have heard of BlockFi by now.

This company has recently unveiled its crypto credit card, and it’s become one of the most popular topics

of discussion in the crypto community.

There are tons of people who have been waiting for this type of financial service to finally become

available,

so let’s take a closer look at what BlockFi has to offer and whether it lives up to the hype or not.

BlockFi, the crypto-backed lending platform, has officially launched their new Crypto Credit Card,

giving users access to both USD and BTC that they can spend anywhere in the world with just one card.

The card also comes with a 0% APR on purchases and balance transfers and is available to use today.

Here’s everything you need to know about this new service from BlockFi.

BlockFi, an online cryptocurrency lender, recently announced

the launch of their crypto credit card.

With this card, holders of BlockFi’s digital assets can spend their crypto as if it were

cash with no need to exchange coins first or convert back

to fiat currency when spending in stores or online.

Here’s everything you need to know about the new BlockFi crypto credit card and what it means

for digital asset holders and the blockchain industry in general.

BlockFi has just announced the launch of its cryptocurrency-backed credit card,

which may be one of the first of its kind to exist in the world.

But what does that mean? And how does this affect you? Find out all of the details here!

What happens if you want to buy something with your crypto-currencies but you don’t have any fiat

currency to make the purchase?

If you are lucky, you might be able to find an ATM that accepts crypto-currencies,

but what if you are out of town and can’t find one? This is where BlockFi’s new Crypto Credit Card

comes in handy!

Why should I use a crypto credit card?

If you’re thinking about using a cryptocurrency for everyday purchases but are concerned about security,

then you’ll want to consider using a crypto credit card.

While these cards aren’t widely available yet,

crypto credit cards offer some of the same perks as traditional plastic with just

as much (or more) safety.

Keep reading for an overview of how BlockFi’s crypto credit card works and why

it might be a good option for your next purchase.

In 2018, BlockFi became one of the first companies to launch a

cryptocurrency-backed loan program in addition to its digital asset savings account.

Now, in 2019, they’ve expanded their offerings even further by launching their

own branded crypto credit card.

The biggest benefit that comes from using a blockchain-based credit card

is peace of mind.

Since your funds are secured in cold storage or on an exchange that supports

two-factor authentication and other safeguards against theft or hacking,

you don’t have to worry about fraudulent charges showing up on your statement

or money being stolen from your wallet when shopping online or making

purchases at brick-and-mortar stores—even if there is no chip and pin protection like what you get with traditional credit cards.

If you’re thinking about using a cryptocurrency for everyday purchases but are

concerned about security,

then you’ll want to consider using a crypto credit card.

While these cards aren’t widely available yet,

crypto credit cards offer some of the same perks as traditional plastic with just as

much (or more) safety.

Keep reading for an overview of how BlockFi’s crypto credit card works and why

it might be a good option for your next purchase.

How does the BlockFi Crypto Credit Card work?

The BlockFi Crypto Credit Card is a Visa® debit card that lets you spend your cryptocurrency

holdings as if they were dollars, euros, or yen.

The main reason why we created a crypto credit card was to make it easier for individuals and

businesses to use cryptocurrency in their everyday lives.

How does using a BlockFi Crypto Credit Card differ from using other payment methods?:

There are two big differences between using traditional payment methods like cash, credit cards,

and checks versus using cryptocurrency.

First of all, there’s no third-party involved when making transactions with cryptocurrencies

you don’t have to pay transaction fees like you would with PayPal or Venmo.

Second of all, unlike fiat currencies like USD or EUR which are regulated by governments

around the world, cryptocurrencies are decentralized digital assets with an underlying

protocol (Bitcoin) which controls how each coin is transferred from one person to another.

This means that every time you send Bitcoin or any other type of cryptocurrency, there’s no bank or

government approving your transaction—it

just happens automatically on its own. So, let’s say I want to buy a cup of coffee with my

BlockFi Crypto Credit Card:

To buy something at a store using your crypto credit card, simply swipe your card at checkout

just like you would any other credit card.

If paying in BTC, ETH, BCH, LTC, XRP and XLM – just tell them what amount

you want to pay in which currency

and then scan/type in your 4 digit pin code on the back of your physical wallet provided

by Blockfi! And voila! That’s pretty much it!

What limits are there on my account?

BlockFi’s crypto credit card comes with no restrictions on how much you can withdraw in cash,

when you can deposit more funds, or any other limitations. Plus,

BlockFi doesn’t charge any interest fees or monthly maintenance fees. In fact,

there are no annual fees at all for using their crypto credit card.

It’s a straightforward way to get a little extra cash by selling off your cryptocurrency holdings.

And since it takes just minutes to apply and receive approval for your account,

it’s easy to see why so many people are excited about what BlockFi has to offer.

The BlockFi crypto credit card does not limit the amount of cash you can withdraw,

does not impose restrictions on depositing more funds, and does not charge any interest

fees or monthly maintenance fees.

As a result, there are no annual fees for anyone using their crypto credit card.

It’s a straightforward way to make a little extra money by selling off your cryptocurrency holdings.

This simple and efficient application process is one of the main reasons so many people are eager to

try out BlockFi.

Is it safe to store my crypto on my credit card?

We’ve gone through all of your questions on storing crypto on your BlockFi credit card.

Read our Q&A below. Also, as a reminder, always use 2-factor authentication and check out our fees!

The answer is yes – it’s safe to store your crypto on your BlockFi credit card! There are two things

you need to know about storing cryptocurrency with us: First, we’re a custodian wallet,

not an exchange.

Second, we store most cryptocurrencies offline in what’s called cold storage

(which means no one can access them).

The only currency we don’t currently store offline is Bitcoin Cash (BCH), which we plan to add soon.

When will it be available for all US residents?

BlockFi is currently only available for residents of states where they are fully licensed to operate as a crypto lender.

However, they do plan on expanding their services soon.

So, if you live in one of those 50 states and you’re interested in getting

your hands on a BlockFi credit card, sign up for updates here .

BlockFi Launches Crypto Credit Card – Here’s What You Need to Know

BlockFi’s Crypto Credit Card: An In-Depth Review