Credit Cards That Accept Bitcoin Use Traditional Means

Spending cryptocurrencies can be tricky if you use traditional means. To conduct crypto transactions, most people use crypto wallets installed on their phones or computers. While this approach has its advantages, it’s impractical if you don’t have access to a crypto wallet and the internet. This is why many companies have come up with different solutions to bring more flexibility to crypto payments. Perhaps the easiest way to facilitate crypto payments is to use a crypto debit or credit card. Currently, many companies offer crypto credit cards that accept Bitcoin.

Sofi Is A Service That Provides Financial Products

SoFi is a service that provides financial products to clients looking for more efficient ways to manage their money. One of SoFi’s products is its credit card, which can meet all the needs of its owners. People with SoFi credit cards can pay off debt and earn rewards for all of their purchases. SoFi guarantees 2% cashback on every transaction Chile Phone Number List made with the card. Cashback can then be exchanged to receive cryptocurrency. SoFi allows customers with the app installed to freely trade more than a dozen cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin. Additionally, every user gets $10 worth of Bitcoin for their first transaction. There is no annual fee that comes with the card. SoFi assures its clients that their crypto assets are safe when stored on SoFi’s platform. SoFi’s credit card and its app are a convenient way to use encryption when shopping.

Financial Services Into A Mobile Phone App

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BlockFi is another company seeking to package a wide range of financial services into a mobile phone app. BlockFi offers a credit card that accepts bitcoin and allows holders to earn up to 3.5% in bitcoin rewards on nearly every purchase within the first three months of use. After the first 90 days, the cashback cap will remain at 2% for those who spend at least $50,000 per year. The card does not charge customers any annual fees or foreign transaction fees. Additionally, since BlockFi allows customers to trade cryptocurrencies, the cardholder can earn 0.25% back in Bitcoin on all transactions. Cardholders can also earn a 30% bonus for every friend they refer. BlockFi users can open interest accounts and earn a lot of API. BlockFi users can borrow money and provide Bitcoin as collateral. In order to spend cryptocurrency with a BlockFi credit card, the owner first needs to convert their Bitcoin to fiat.

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