As the crypto market is new and still volatile, it would be a good idea to ask yourself what your risk tolerance is? If you want to put all your money into one digital asset (whether that’s Bitcoin or Ethereum), then that’s fine. However, if you think that the price is going to fall like a stone and you wouldn’t mind holding some funds in multiple currencies (for example: USD and BTC) then this might actually make sense for you! At Bitwala we will charge an average of 2% fee for this service.
How does the fees compare with my bank card transaction?
While Bitwala offers several useful features such as buying bitcoins without personal information (learn more here), our bank transfers are very cheap! The fees show how much we save our users by using our connection over SEPA instead of Visa or Mastercard – here is an overview with comparison: – – – – – Wait … why do two Bitwala cards cost less than my credit card?! When comparing prices per GB on different exchanges and between post-paid debit and prepaid debit cards, Bitwala always has the edge because we charge absolutely no fee for sending money overseas! What’s most important about prepaid cards compared with normal credit/debit cards, after all, they don’t store your credit card details. Instead, they use a secure chip designed to release direct deposits only once per month at set intervals.