Prepaid bitcoin cards – all you have to know about them

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In the recent years, more and more people prefer to use bitcoins when it comes to buying online, and if you are one of them, you might intend to have a prepaid card, for making the process easier. However, even if the currency is quite popular, there are not many reliable providers that offer prepaid bitcoin cards, so you have to be sure that you choose the one that offers you the greatest advantages. When it comes to choosing a prepaid bitcoin card, you have to know exactly what your options are before choosing a provider. So if you want to find the right prepaid card for you, you should take your time, and do some research, because different providers offer different advantages, and you have to opt for the one that is suitable for your needs. The majority of bitcoin cards are prepaid ones denominated with the currency you choose. Your main goal should be to find a provider that offers you a card that allows you to spend your bitcoins for buying real world items.

How prepaid bitcoin cards work?

This is the main question every bitcoin user has in mind. Well, you should know that the main thing you have to do is to choose a provider of cards, and order it. Once you receive it, you would have to activate it, and the next action is to top it with money. For doing this, you have to use the funds you have in your bitcoin wallet, and transfer them to the card. The bitcoin wallet should be attached to the card. The provider has the role to transform the bitcoins you have in the currency you opt for. You are the one who decides the currency your card is denominated in, so the provider would offer the conversion services alongside with the card. Depending on the provider, you might have the possibility to spend your bitcoins immediately as you activate the card, but in some cases, you might have to wait a few days.

What my level of anonymity is when using prepaid bitcoin cards?

The majority of people, who are using bitcoins, are opting for this digital currency because it offers them anonymity. So, when buying this type of card, you might be interested to find what the level of anonymity would be. The providers state that the level would depend on the amount of bitcoins you would use and spend. Also, the governing legislation of the area where the provider is based might influence the level of anonymity you would benefit of. Depending on the provider, when spending more than an established sum you would have to register and confirm your identity, with your identity card, passport or one of your utility bills. When you choose an increased level of disclosure, you would also take advantage of more benefits, so at a certain moment you might decide that anonymity is not as important as you think, when compared with the benefits you would have. In addition, you would not be able to use an ATM if you do not provide your identity details.

 

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