BitStamp Launches Bitcoin Debit Card in Europe

June 2, 2015, Written By Lynn Oldshue
bitcoins (new virtual currency)with traditional dollars and euro

The European Bitcoin platform BitStamp has launched a prepaid debit card that can be used anywhere major credit or debit cards are accepted. The Bitcoins loaded onto the card can be converted to Euros, British pounds or American dollars for purchases.

There are three different setups for the card, and each has its own spending limit. The most basic version of the card does not require any identity verification, and it has an annual spending limit of €2,500 ($2,727 USD). The highest level of the card requires a government ID, proof of residence and proof of income to qualify, and users can spend up to €125,000 ($136,359 USD) per year.

Europeans can order their BitStamp prepaid cards now directly on the company’s website. The first 100 people to place an order get the card for free, while others must pay a $10 card-issuing fee. BitStamp says customers should receive their cards within 10-15 days of placing an order.

The BitStamp prepaid card is currently not available in the United States. The founder of the company, CEO Nejc Kodrič, said he hopes to expand the service to the U.S. in the near future, but he did not reveal a launch date.



The information contained within this article was accurate as of June 2, 2015. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.