The bitcoin exchange Naxosbit announced the issuance of a Visa debit card for residents of the United States with the possibility of receiving cashback in cryptocurrencies up to 4% of each purchase.
Residents of the state of Hawaii will not be able to order a card.
There are no fees for transactions on Naxosbit. There is no service fee, no credit check and no registration requirements.
The bitcoin exchange earns on the spread when converting to US dollars. Its size is disclosed in the user agreement.
The owners of the Naxosbit debit card will be able to switch the cryptocurrency in which they intend to receive cashback. Available for them: BTC, ETH, DAI, DOGE, XLM. AMP, ALGO and RLY. The resulting digital assets can also be spent without commissions.