Introducing KuCard - Crypto Debit Card Made For Easy Spending

2023/11/21 08:45:49

KuCoin, renowned globally as the People’s Exchange, is proud to present the KuCard Debit Card, a cutting-edge breakthrough in the world of cryptocurrency. Specifically designed to merge the realms of digital and traditional finance, the KuCard offers an unparalleled solution for effortlessly utilizing crypto assets for daily transactions. As of January 2024, KuCard has also integrated Apple Pay so users can enjoy secure and seamless crypto payments.

After a rigorous and globally spanning beta testing phase, enriched by detailed user feedback, KuCoin is excited to release the KuCard – an innovative tool poised to transform the way we transact with cryptocurrencies. The card will be exclusively available in the European Economic Area (EEA) in the first stage and expanded further with more partners onboard along the way.

But first, here’s a look at all the benefits you can enjoy with the KuCoin KuCard:

Instant Crypto-to-Fiat Conversion

The KuCard allows you to pay in crypto at millions of VISA-accepting stores. It seamlessly converts your cryptocurrencies to fiat currencies, offering hassle-free spending wherever you go. This feature bridges the gap between traditional and digital finance, making your crypto assets as liquid and usable as any fiat currency.

Spend Your Crypto

The KuCard gives you the freedom to use your USDT holdings for everyday transactions. Additional cryptocurrencies that can be spent using KuCard are expected to be supported soon. This flexibility ensures you have more control over your finances, allowing you to make the most of your digital asset portfolio.

Exclusive Rewards and Cashback

Every time you use your KuCard, you're not just spending but also earning. Enjoy a world of exciting cashbacks, discounts, and more, all while earning cryptocurrencies with every purchase. This feature makes every transaction rewarding, adding value to your regular spending habits.

Seamless Payment Integration

In today's fast-paced world, convenience is key. The KuCard connects to Apple Pay and Google Pay, ensuring a seamless and convenient payment journey across various platforms. This integration means you can enjoy the ease of digital payments along with the benefits of using your crypto assets for real-world transactions.

Secure and Transparent

Security and transparency are paramount in the world of digital finance. The KuCard offers easy tracking with notifications and transaction histories, keeping you in control of your transactions. This feature provides peace of mind and ensures you're always aware of your spending and account status.

How to Get Your KuCoin KuCard: A Simple, Secure Sign-Up Process

Getting your hands on the KuCoin card is secure and easy. This innovative crypto debit card is exclusively accessible to citizens and residents of the European Economic Area (EEA) in the initial stage. Residents in these countries and regions can obtain the card by completing the identity verification process. We’ve made the identification process easy and straightforward, and if you still have questions, our customer support team is available 24/7.

For the detailed country list, the EEA includes countries like Austria, Belgium, Bulgaria, Croatia, the Republic of Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Iceland, Liechtenstein, and Norway.

Check the details on How to get your KuCard.

Integration of Euro and USDT for Easy Spending

The KuCard stands out with its support for both the Euro (EUR) and USDT (Tether), catering to the needs of Europe residents in the first stage and will gradually expand the support of more fiat and cryptocurrencies. The choice of the Euro, a cornerstone currency in the European economy, ensures widespread acceptance and convenience for our users across numerous countries.

The inclusion of USDT – a stablecoin pegged to the US Dollar – offers a stable and dependable digital currency option, perfect for those who want to delve into the world of cryptocurrencies without the typical volatility. KuCard will also add support for spending additional cryptocurrencies, further enhancing this feature.

KuCard Fee Schedule

KuCoin is committed to providing clear and competitive fees for our KuCard users. Our fee structure is designed to ensure that you get the most out of your KuCard experience, with a focus on affordability and transparency.

> Issuance Fee for New KuCard: A one-time fee of €9.99 is charged when a new KuCard is issued. This fee covers the cost of creating and activating the card.

> Replacement Fee for KuCard: If a replacement card is needed, for reasons such as loss or damage, the fee is again €9.99. This fee is for the issuance of a new card to replace the old one.

> No Charge for Card Cancellation: Users can cancel their KuCard at any time without incurring a fee. This policy is in place to offer flexibility and convenience to our users.

> Zero Fees for Euro Transactions: For transactions made in euros, the cardholder will not be charged any transaction fees. This feature is especially beneficial for users within the Eurozone.

> Foreign Transaction Fee Outside Europe: For transactions made in currencies other than the euro, specifically outside of Europe, there is a fee of 2% of the total transaction value. This fee is applied due to the costs associated with currency conversion and cross-border processing.

> Cash Withdrawal Fee in Euros within Europe: Withdrawals made in euros within Europe will incur a fee of €1.50 per transaction. This fee is for accessing cash services at ATMs or banks.

> Cash Withdrawal Fee in Foreign Currency Outside Europe: For withdrawals in a currency other than euros outside Europe, the fee is 2% of the withdrawal amount. This covers the additional costs of international currency conversion.

> No Fee for Insufficient Funds: If a transaction is declined due to insufficient funds in the account, no fee is charged to the cardholder. This policy is to ensure fairness and transparency in financial transactions.

> Express Delivery Fee for KuCard: If a user opts for express delivery of the KuCard, a charge of €30.00 is applied. This fee is for expedited shipping services.

> Annual Maintenance Fee: An annual fee of €10 is charged for each KuCard. This fee is for the ongoing maintenance and operational costs associated with managing the KuCard services.

Conclusion

As we look to the future, our vision extends far beyond the current offerings. The KuCard is set to evolve, with plans to support an even broader range of cryptocurrencies and fiat currencies. This expansion will enable a more inclusive financial platform, accommodating a diverse range of user preferences and global financial needs.

Our goal is to spearhead the transformation of crypto payments, making them as commonplace and easy to use as traditional fiat currencies. We envision a world where financial transactions, irrespective of their nature – crypto or fiat – are seamless, secure, and accessible to everyone. The KuCard is a critical step in this journey, breaking down barriers and opening up new possibilities in the realm of personal and business finance.


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