Crydit

Crydit大额出金实体U卡

Crydit官网:https://ucards.org/go/crydit

Crydit: A suitable large withdrawal method for users in the cryptocurrency circle in mainland China

For cryptocurrency players, the withdrawal of digital assets has always been an unavoidable topic. Although stablecoins like USDT and USDC circulate easily on-chain, directly consuming them in the real world is a challenge. Fortunately, the physical U Card (CryditCard) launched by Crydit provides a reliable solution, allowing your digital assets to be easily used for daily consumption, whether it's topping up Netflix, the X platform, or ordering takeout and hailing a ride. Today, let's talk about Crydit's VISA and Mastercard, focusing on why the VISA card is more suitable for users in mainland China.

Crydit debit

Crydit Official Website: https://ucards.org/go/crydit

Crydit: A Web3 Payment Platform that Balances Compliance and Convenience#

Crydit is an institution focused on Web3 payments, deeply cooperating with the Danish National Bank and holding multiple compliant financial licenses, including a Hong Kong MSO license and a European VASP license, ensuring security. Its partner lineup is also impressive, including major brands like Visa, Mastercard, and Binance. User funds are stored in Danish banks, and digital assets are custodied by COBO, which has a deep partnership with Binance, with KYC verification strictly overseen by the issuing institution. This background allows Crydit to establish a foothold in the cryptocurrency withdrawal field.

CryditCard supports various stablecoins for recharge, including USDT, USDC, DAI, and USD1, with consumption scenarios covering the globe. It is compatible with mainstream payment methods such as WeChat, Alipay, PayPal, Apple Pay, and Google Pay, and can even be used directly for subscriptions and recharges on platforms like Netflix, Uber, and ChatGPT. Whether you want to buy a cup of coffee or pay for a membership, CryditCard can handle it.

Crydit VISA vs Mastercard: Which One is Right for You?#

CryditCard comes in two types: VISA and Mastercard, each issued by different institutions, and users can only apply for one card from each institution. The differences mainly lie in currency, fees, application difficulty, and usage scenarios.

Crydit VISA: Hong Kong Dollar Card, Simple Application and More Affordable#

The Crydit VISA is a recently launched Hong Kong dollar card, with an opening fee of $179 (previously as high as $249, now significantly reduced). There are no fees for recharging to the Crydit account, but transferring to the VISA card incurs a 1% fee, and there is a transaction fee of 1.5% + 0.8U. The ATM withdrawal fee is 2.5%. Although the overall fees are not the lowest, the application threshold for the VISA card is low, requiring only an ID card to open, making it suitable for most users to get started quickly.

The biggest highlight of the VISA card is its support for binding Hong Kong WeChat and Hong Kong Alipay, enabling large transactions. This is a game-changer for domestic users, as in many scenarios, the payment limits for WeChat and Alipay far exceed other methods, such as buying a house or a car. The VISA card can easily handle these situations. However, the VISA card currently does not support binding with Apple Pay, which is a slight disappointment.

Crydit Mastercard: Lower Rates but Higher Threshold#

The Crydit Mastercard is an early launched Danish pound card, with an opening fee of $199, a transfer fee of 1.5% + 12U, and no additional fees for consumption, with ATM withdrawals also at 2.5%. In terms of rates, the overall cost of the Mastercard is lower, with only the recharge fee of 1.5% + 12U and zero loss on consumption, making it very suitable for long-term use.

However, the application difficulty for the Mastercard is higher, with strict KYC verification requirements, needing to provide proof of address, facial recognition, and passing dual verification from Paywiser and Sumsub. Many users may be deterred by this step, especially for cryptocurrency players with high privacy requirements, as preparing these materials can be a bit cumbersome.

Why is the VISA Card More Suitable for Users in Mainland China?#

For users in mainland China, the low threshold and large payment capability of the VISA card are the biggest attractions. After binding with Hong Kong WeChat and Alipay, the VISA card can easily handle large consumption scenarios, such as online shopping, offline scanning, and even some high-value transactions. In contrast, while the Mastercard has lower rates, the complex application process may cause many people to struggle to pass KYC.

The opening fee for the VISA card ($179) is cheaper than that of the Mastercard ($199), and the transfer fee (1%) is also lower than that of the Mastercard (1.5% + 12U). Although the VISA card has a transaction fee of 1.5% + 0.8U, making the overall cost 2.5% + 0.8U, Crydit has already indicated that it will optimize the transaction fees for the VISA card in the future, aiming to keep the overall costs below 2%. This is good news for long-term users.

How to Quickly Obtain USDT and Recharge to Crydit?#

If you don't have USDT yet, you can quickly purchase it through the following exchanges:

The purchasing process is very simple: visit the USDT purchase portal, register and log in to your exchange account, select the desired amount of USDT, follow the page prompts to complete the purchase, and then withdraw the USDT to your Crydit account. The entire process is quick and secure, suitable for beginners.

Summary: Choose the Withdrawal Method that Suits You#

CryditCard provides cryptocurrency users with a compliant and convenient withdrawal solution. The VISA card, with its low threshold and large payment capability, has become the first choice for users in mainland China, especially with its ability to bind Hong Kong WeChat and Alipay, perfectly adapting to domestic consumption scenarios. While the Mastercard has lower rates, the application difficulty may deter many. If you seek simplicity and speed, the VISA card is the best choice; if you can pass the KYC for the Mastercard, long-term use will save you more money.

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