WageCan – Virtual Bitcoin Debit Card To Spend Cryptocurrency Assets?
WageCan is a bitcoin debit card that makes it easier to spend your bitcoins. Read our WageCan review to learn more about how the debit card works.
What Is WageCan?
WageCan is a Taiwanese company that launched in 2014. The company provides a blockchain-based payment platform, but they’re best-known for their bitcoin debit card.
Overall, WageCan promises to make it easier to spend your blockchain assets. Users enjoy benefits like no activation fee, multi-currency support, and worldwide shipping.
The card is specifically marketed to merchants, freelancers, bloggers, international workers, and miners. All of these people receive payments internationally and can benefit from lower fees and lower exchange rates.
Other key benefits of the card include easy top-ups, online shopping bonuses, and support at 30 million ATMs worldwide. It uses the MasterCard payment platform – so if you see the MasterCard logo, your WageCan debit card should be accepted.
WageCan Debit Card Features
Some of the key features of the WageCan Debit Card include:
- Easy Application: You don’t need to undergo a credit check when you apply for a WageCan debit card (although we don’t know of any bitcoin card that does require a credit check). The card also supports multiple nationalities. e-Residency is available.
- Easy Top Ups: Top up your debit card via a blockchain assets address. You can top it up over the website or through mobile apps.
- Purchase Benefits: You can spend money at point of sale machines worldwide. WageCan also supports cloud services, and online shopping is available.
- Daily Bonuses: Earn daily bonuses, increase your wage, and pick a “miner preferred” card.
- Easy Travel: WageCan is accepted at 30 million ATMs in 210 countries worldwide. Local currency cash outs are available. It’s based on the MasterCard network, so it will work wherever you see a MasterCard symbol displayed.
- Multiple Cards: You can purchase multiple WageCan cards – like one for home and the other for work. The cards can support multiple currencies, and virtual cards are available if you just want to spend online.
All WageCan cards come with no activation fees. WageCan will also frequently run promotions where it gives away free virtual cards. Look for promo codes on WageCan.com.
This is the standard WageCan bitcoin debit card. It’s available in physical or virtual form, and can be used at ATMs worldwide.
- Plastic: $15.40 / 13.75 EUR / 12.1 GBP /
- Virtual: $8.50
- Monthly Fee: $1.00
- Foreign Transaction Fee: 3%
- Maximum Card Balance: $250
- ATM Withdrawal Fee (Only Available on Physical Card): $2.50 to $3.50
- Number of ATM Transactions Per Day: 2
- ATM Transaction Limit: $100 (unverified) or $1,000 (verified)
- ATM Daily Limit: $100 (unverified) or $2,000 (verified)
- PIN Change Fee: $1.00
WageCan has a “Golden Card” program that’s currently in beta. The Golden Card is priced at $162 and offers higher limits, no monthly fees, and unlimited ATM transactions. The card also charges an ATM withdrawal fee of 2.5%, which is different from the flat rate of other WageCan debit cards.
With the Golden Card, customers have an ATM yearly limit of up to $25,000 after verification.
WageCan hasn’t yet launched its gift card service, but it’s planned in the future. The gift cards will have a maximum card balance of $350. It’s expected that you’ll be able to give the gift cards to anyone, or order them for yourself, and enjoy a card pre-loaded with cash that can be accessed from ATMs worldwide.
How To Apply For A WageCan Debit Card
Applications are straightforward. Here’s the step by step process:
Step 1) Order: Order your card
Step 2) Fill: Fill out the Know Your Customer (KYC) form
Step 3) Upload: Upload photo ID (passport or driver’s license) and a utility bill as proof of address
Step 4) Top-Up: Use blockchain assets to top up your card, then start spending
WageCan tells you that verification takes 1 to 3 business days, but most customers are verified within 12 to 24 hours. You’ll need to wait 5 to 13 days for the delivery of the physical card.
You’ll need to load your card with a minimum of 0.1 BTC. However, you’ll receive rewards if you place more money on the card (you get 0.15 BTC cashback if you add 10 BTC, for example).
After that, the card will work anywhere you see a MasterCard symbol.
WageCan was founded in 2014. The company was formed in Taiwan, but is incorporated in Hong Kong. Key members of the company include Franky Hu (CEO and Founder), a software architect who has been involved with the bitcoin community since early 2013. Other key members of the team include Rovers Yang (CTO) and Brya Cheng (COO).
WageCan bitcoin debit cards are popular worldwide. It functions similar to other bitcoin debit cards: you can order a physical or virtual card, then preload that card with bitcoin and other digital currencies. The card is accepted at ATMs around the world, including anywhere you see the MasterCard logo.
Ordering your card means abiding by KYC regulations. You’ll need to display your passport or driver’s license and a utility bill, for example. Once you’ve done that, you’re ready to start spending with WageCan’s debit card.