Bitwala card review

Bitwala Visa Card Review

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Verdict: Best for people looking for a bank account and crypto wallet in one. The Bitwala card has relatively low fees, and you can earn interest on your crypto, but it's offering lacks crypto cashback, and perks, which have become prevalent among top crypto cards in 2021.
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7/10 (Expert Score)
Product is rated as #32 in category Crypto Cards

Bitwala aims to bridge the gap between cryptocurrency and traditional finance. Each account is a licensed bank account with German deposit insurance with a non-custodial crypto wallet (you manage your own keys). To spend crypto on your Bitwala card will require manual selling of crypto to EUR to and incurs a 1% fee. This process can take up to 30 minutes which differs from instant settlement options offered by other providers, which is a bit of a drawback. If your cryptocurrency is in your savings wallet, Bitwala pays +4% interest on BTC/ETH balances.

All in all, we do like its relatively low fees, convenience, easy fiat onboarding and earning interest on your crypto balances in non-custodial wallets. But with no cashback, instant settlement, or extra perks like Netflix or Spotify rebates, Bitwala is lagging behind other top crypto debit cards on offer in 2021.

Features
8.5
Usability
8
Payment options
8
Fees and charges
8
Perks & rewards
5
Company & Reputation
8
Support
7
PROS:
  • No signup or monthly fees.
  • No withdraw or deposit fees.
  • Earn +4% interest in your wallet on BTC/ETH in your crypto wallets.
  • Non-custodial wallets - you control your private keys.
  • In-app trading with relatively low fees.
CONS:
  • Prepaid, so requires manual conversion of crypto rather than instant settlement.
  • No perks such as rebates on Netflix or Amazon Prime.
  • No cash back on purchases.
  • Only BTC/ETH cryptocurrencies supported.
  • Slow support times and no live chat.
  • Not available in the US.

Specification: Bitwala Visa Card Review

Company & Availability
Insurance Coverage Per Wallet
Eligible regions , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
KYC
Credit Check No
Savings Information
Supported Fiat Currencies
Supported Cryptocurrencies
Gas fees No fees
Availability
ATM Access Worldwide
Pay In Local Currencies Yes
Support
24 hour support Email support
Live Support No
Staking
Staking required No
Token Ticker No Token
Rewards
Cashback on spending No
Cashback Restrictions N/A
Max Cashback N/A
Referral Rewards €15 per referral
Spending Limits
Daily ATM Limit €3000
Daily Purchase Limit Offline payments: €1,500, can be raised up to €3,000., Online payments: €1,500, can be raised up to €5,000.
Monthly ATM Limit €10,000
Monthly Purchase Limit Online €10,000 + Offline €10,000
Fees
Monthly fee No
Delivery Fee No fee
Online/Offline Purchase Fees No fee
Topping up fee 1%
ATM Fees No fee
International ATM fee N/A
POS Foreign Transaction fee No fee
Card Replacement Fee €9.50
ACH Declined No fee
Charge back processing No fee
Dormancy No fee
Exchange Rate Provider Visa
Card Features
Instant settlement No
Prepaid Yes
Topping up limit N/A
Dual-Interface NFC/EMV (Card with chip) Yes
Virtual Cards No
Physical Cards Yes
Security
Fraud Monitoring Yes
Freeze / Unfreeze Yes
Instant Notifications Yes
Pin Viewing Yes
2FA Yes
Asset protection & Insurance
Cold Storage No
Insured by Bitwala incorporates fully-licensed bank accounts protected by the German deposit guarantee scheme up to €100,000 per account.

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