If you’re in the U.S. and have a bank account and have an interest in cryptocurrency, you might be wondering if you can use a KuCoin debit card. The good news is that it’s possible! With a debit card you can spend your digital currency in a number of ways, including paying bills with your card, making purchases with your card, and using your card to send and receive money. Here are some benefits and disadvantages of the card.
The KuCoin debit card works with both credit and debit cards, and accepts deposits in both. Deposits can be made through the exchange or with a credit card through Simplex, which allows users to buy cryptocurrencies with their cards. Users in six US states are not eligible to use this method, but this isn’t a problem if you don’t live in one of these countries. There’s no minimum deposit amount, but you can deposit as much as $5,000 each month.
Once you’ve purchased some KuCoin Shares, you can use your credit or debit card to purchase them. You’ll have to enter your bank account and card details before completing the purchase. You’ll also need to verify your identity by uploading a photo id. The entire process is safe and simple. The fees will be deducted from your account. However, this payment option is not a good option for people who are worried about their credit or debit card’s security.