First Bitcoin Prepaid Credit Card In Toronto!
- By Localcoin
- October 13, 2017
Do you have a large amount of Bitcoin you want to sell off? LocalCoinATM has you covered. After several months of planning, we are excited to announce the launch of our very own Virtual Bitcoin Prepaid Credit Card!
Our goal was to figure out a way to implement a method for customers to sell their Bitcoin while still maintaining our core values of possessing a fast, secure process.
How does it work?
LocalCoinATM offers a selections of prepaid credit cards to choose from. Charges will be applied on any prepaid amount (5% deposit + $4.95 activation fee).
Once selected, payment will be made by sending the corresponding value of Bitcoin and, in turn, you will receive the details for your very own prepaid credit card.
The virtual prepaid credit card allows you to spend dollars anywhere Visa Debit cards are accepted online.
LocalCoinATM plans to grow this opportunity in the near future. Physical cards will be available in early 2018, which will be sent to users’ addresses. Selling methods will continue to expand to include two-way transactions at the ATM locations themselves, and also in-person transactions.
*Update – Physical cards are now also available! click here to find out more!
To purchase virtual prepaid cards, head to the shop.
For more information please contact us at 1-877-412-2646