Whether you are an avid crypto investor or are new to digital assets, getting a crypto debit card makes a lot of sense.
There are lots of benefits to having a card where all your crypto earnings are held, including receiving exclusive rewards at global brands, being able to protect your digital assets safely, and getting to trade them into fiat currencies in a secure way.
It is also particularly beneficial for international investors, travellers or people who live in more than one country, as switching between currencies is much easier to do when using a Volta debit card.
Holds various currencies
Unlike traditional debit or credit cards that only hold cash in one type of currency, a crypto card allows the account user to store their assets in different ones.
They could have various cryptocurrencies held in their account and they could also have more than fiat currency that they can access with their card.
This allows them to choose which one to spend, purchasing with US dollars in North America, British sterling in the UK, and euros in France or Italy, for instance.
The Volta card supports 43 currencies, so in all likelihood, wherever you are in the world, you will be able to access your cash in the relevant legal tender.
Seamless currency conversions
You might already store various currencies in your account, or you may be travelling to a country that uses different tender to the ones you have.
In this case, using the crypto card enables you to convert your assets into the relevant currency of the country you are in.
You can withdraw cash, make payments online or use the card to pay for items no matter what currency your money is usually in, as it will automatically exchange it to the right tender during the transaction.
This means you do not have to worry about converting money when you are going abroad. You also do not need to look at different exchange rates, as it will be as simple as spending cash on your card at home. The currency conversion will be done without you even knowing about it and, what’s more, it will be exchanged at a fair rate.
Use at ATMs
Even if all your assets on the card are digital, you can still withdraw cash from ATMs, and it will convert the cryptocurrency into the appropriate fiat tender.
You also do not have to worry about steep charges when withdrawing money from a cash machine with your card abroad, as it has been designed with travellers in mind. Therefore, it offers seamless global withdrawals at no extra cost.
Using a crypto card, international customers can spend, transfer or take out money from their account anywhere in the world, as it will be automatically transferred into the relevant currency during the transaction.
Deals with global brands
Another advantage of using a crypto debit or credit card for the jetsetter is it frequently offers good deals with global brands.
Spenders can unlock discounts from the likes of Hilton, Adidas, The Peninsula Hotels, Hyatt, Westin Hotels & Resorts, Macy’s, Ikea and Shake Shack by using their crypto card to make payments.
The more you use the card, the more discounts you can access. You could even get 50 per cent off at international hotels, including the Waldorf, Ritz, and the Marriot. It would certainly make travelling easier if you could stay in a luxury hotel after getting off your flight.
More and more retailers are accepting crypto cards these days, so you can earn your rewards by using your debit card to pay for transactions instead of your traditional bank card.
This also means you can make use of all the crypto earnings you have gained through savvy investments over the years. Instead of watching the figures continue to climb, you can use the currency in the real world through everyday purchases, earning points that can be put towards discounts at the same time.
You do not need a degree in technology to understand how to use the crypto card or app either, as this easy-to-use platform allows you to trade, invest and spend with one account.
For international users, these trades and transactions are also not limited to your home territory, thanks to Volta’s global reach, allowing you to make and spend money wherever you want to in the world.