What is WageCan?
WageCan sets itself apart from other Bitcoin debit card issuers. Rather than partnering with Visa, WageCa has chosen for MasterCard. The card is particularly popular among digital nomads and freelancers on the go. The business behind WageCan is based in Taiwan and introduced their services back in 2014. The creators of WageCan are favorites in the cryptocurrency space and have a strong technical background.
Benefits of WageCan
The card can be utilized anywhere MasterCard is accepted, which is 99% of stores around the world. One of the main advantages of using the WageCan card is the truly low-cost foreign conversion fee. At 1.5% it’s half that of a lot of Bitcoin debit card companies. The low ATM withdrawal charge is likewise a benefit if you’re thinking in percentages. It’s just 1%, whereas many other cards charge in between $2.50 and $3.50. WageCan provides both a mobile wallet and a desktop wallet that both integrate with the WageCan card. Another useful feature of the WageCan card is that the wallet address is printed on it. That makes it easy to deposit Bitcoin tokens. The card can be utilized in over 30 million ATMs around the world, covering over 210 different countries. These consist of the United States and most European nations. WageCan offers users a first load reward, which is not provided by other Bitcoin debit card companies. There is likewise the choice for regional currency cashout. The business does not carry out any credit checks so that anybody can order the WageCan card regardless of credit rating. Users get both top-up credits and referral credits for getting their buddies to utilize the card. The company uses the choice of e-Residency, which is very forward-thinking of them.
Downsides of WageCan
The 1% ATM withdrawal charge can end up being rather pricey if you’re planning on securing significant amounts of loan. The card concern cost is more expensive than their rivals, coming at a tremendous $15.40, and the virtual card is $8.50.
The card is complementary to use, without any month-to-month maintenance cost. The foreign currency conversion fee is just 1.5%. It only costs 1% to withdraw cash from an ATM with the WageCan card
- Card type: MasterCard
- Virtual card: Yes
- Physical card: Yes
- Mobile app: Yes
- Supported fiat currencies: GBP, EUR, and USD
- Supported cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and many other favorite tokens.
- Anonymous: No.
The WageCan Golden Card is currently in its Beta phase. It will be available to premium users soon. The card is priced at $162, which is quite a lot. The card also has a greater ATM withdrawal charge of 2.5%. Nevertheless, there are some other benefits to the Golden Card, such as the much greater ATM withdrawal limitation of $25,000. An exciting feature of WageCan is that they will be releasing a Gift Card. Gift cards will have the ability to hold up to $350 in cryptocurrency tokens. Lastly, WageCan also has a HashCan service. HashCan is a mining pool you can join with your cell phone. It’s a fantastic way to make money directly to your card which you can then invest. Instantly.