A Bitcoin debit card is a cryptocurrency or wallet card that lets you spend your Bitcoins, online as well as in real businesses and ATMs. As soon as you make a purchase or other transactions, the bitcoins in your account are converted to fiat currency depending on the current market prices, and the fiat currency is used to complete the transaction - much like when you spend money on vacation using your credit card. In other words, a Bitcoin debit card serves as a link between the traditional banking world and the crpytocurrency world. How does a bitcoin card work? In contrast to traditional credit/debit cards, which are linked to a bank account, bitcoin cards are linked to a cryptocurrency account or wallet, and they function in the same way. The funds for your transaction are debited from your bitcoin balance at the current market rate when you make a buy. Bitcoin Debit Card Fees The majority of bitcoin debit card issuers will charge fees for the delivery and use of their bitcoin debit cards. We've compiled a comprehensive list of all possible fees below, however most providers will only charge a portion of these fees rather than all of them. For example, we've included the following fees: Card Fee The majority of card providers charge a one-time cost ranging from £5 to £30 for the creation of the card. Monthly Fee Account maintenance fees, which normally vary between £1 and £5 per month, are levied by some providers on a monthly basis. In these instances, it is normally possible to pay the price on a yearly basis if you so like, which might be far less expensive than paying monthly. Online Purchase. When you use your bitcoin debit card to make an online purchase of goods or services, you will almost always avoid paying a transaction fee. If you are depositing on crypto trading platforms such as british bitcoin profit , you wouldn’t need to worry about deposit fees. In the unlikely event that a card company charges a fee for this, the amount will normally be less than £1. Store Purchases The fees associated with using a credit card at a store are often the same as those associated with using a credit card online. Exchange rates Card providers charge a currency exchange rate fee in order to allow the translation of your bitcoins into fiat currency, which is subsequently spent by the card. This fee is used to cover the costs of processing the transaction. Based on the card provider, this can be anywhere from 0.7% to 5% of the transaction value. Delivery Fee Typically, any delivery fees are included with the card production fees, resulting in you simply having to make a single payment to have the card printed and delivered to your location. The delivery of the card may, however, incur an additional flat fee of around £5 - £20 from some service providers, which is particularly applicable if the card is being delivered internationally. International transactions Fee If you use your credit or debit card to make purchases outside of the country, you may be charged an additional 2% to 5%, depending on the card. ATM Fee If you use your card to withdraw money from an ATM in the United Kingdom, you will be charged a flat cost of around £2–3 per transaction. Although it is possible to obtain cash from an ATM outside of the country in which the service provider is based, you will almost always be charged a higher fee. ATM costs for overseas transactions can run anywhere from £3 to £5, depending on the bank. Conclusion How can I get a bitcoin card? There are a lot of issuers out there, but we suggest Wirex or Coinbase. Once you get your card, you can start experiencing the power of technology and cryptocurrency by making payments with virtual card and digital currency.