Bitnob is one of the fintech platforms in Africa that’s providing a virtual Mastercard denominated in United States Dollars (USD). The Bitnob virtual card is a digital prepaid USD MasterCard which can be used to shop and make payments for services online.
Bitnob virtual dollar card works on all websites that accept MasterCard and Visa card including AliExpress, AliBaba, SHEIN, Amazon, Netflix, YouTube, Namecheap, Spotify and other. In other words, Bitnob virtual cards allows individuals that owns it to pay various merchants and websites to make, without being limited by un-favourable government policies - especially in Nigeria.
In this article, we review Bitnob Virtual Dollar Card and how to get and use the card for online transactions. But before we dive fully into that, let’s talk a little bit about Bitnob itself. Many people have been asking if the platform is legit or not.
Is Bitnob Legit?
Bitnob is an African-focused fintech platform that offers a range of financial services, including a virtual dollar card, cryptocurrency, remittance, savings, and investment. However, what Bitnob does best is offering the purchase and sales of cryptocurrency.
Speaking about it legitimacy, Bitnob financial services are facilitated by Bitnob Technologies Limited, a British Virgin Island company.
Although, Bitnob is offering remittance services but it does not provide the remittance services in form of fiat. Bitnob is not a foreign remittance or money exchange platform.Bitnob is in partnership with third party licensed companies that facilitate and provide other services on its behalf.
In a nutshell, Bitnob is a legal platform that can be trusted. The platform works best in Nigeria as a virtual dollar card provider. If you’re considering Bitnob for crypto-related transactions or exchanging, I will advise to choose other more reliable options that are locally licensed and regulated in Nigeria.
Is Bitnob Virtual Card Free?
The amazing thing about Bitnob virtual dollar card is that you can generate multiple virtual cards for different kinds of purchases and/or subscriptions, which gives you full control of how to manage spendings. But creating these cards aren’t for free. To create a virtual card on Bitnob costs $2 only.
So, for every virtual dollar card generated on the platform, you will need to pay a card creation fee of $2 and maintain a minimum topping amount of $3 anytime you want to reload fund to the card.
Bitnob Virtual Card Fees, Limits and Charges
These tables explain and highlight how Bitnob charges users using the virtual cards. Review it and understand how it works.
Creation and Maintenance
| Service | Fee |
|---|---|
| Virtual Card Creation Fee | $2 |
| Card Maintenance Fee | $0 (No maintenance fee) |
Top-Up and Funding Fees
| Top-Up Amount | Fee |
|---|---|
| Minimum Top-Up Amount | $3 |
| Top-Up Fee (Up to $100) | $1 |
| Top-Up Fee (Above $100) | 1% of the top-up amount |
| Maximum Top-Up Amount Per Time | $5,000 |
Cross-Border Fees
| Transaction Type | Fee |
|---|---|
| Payment in Non-USD Currencies | 3% of transaction amount + $0.5 |
Balance and Withdrawal Limits
| Limit | Details |
|---|---|
| Maximum Card Balance | $50,000 |
| Minimum Balance for Active Card | $1 |
| Withdrawal Limit | At least $1 must remain on the card to keep it active |
Card Termination and Decline Fees
| Action | Fee/Details |
|---|---|
| Card Termination | Free (but requires a minimum balance of $0) |
| Charge for Declining 3 Times Due to Insufficient Funds | $1 and card termination |
| Maximum Card Terminations Allowed | 5 terminations per lifeline |
Other Notes
| Category | Details |
|---|---|
| Card Withdrawal Processing Time | Maximum of 24 hours |
| Card Termination Processing Time | A few minutes to 24 hours, but may take longer if pending payments exist |
| Maximum Cards You Can Own | 1 card at a time |
| Lifetime Card Creation Limit | 5 cards |
How to Get Bitnob Virtual Dollar Card
Follow these steps to create a virtual dollar card on Bitnob:
- Download the Bitnob Mobile App on your smartphone. Visit your App Store to download the app. The app is available for both Android and iOS.
- Register an account with Bitnob. Email, unique password and full legal will be required to create an account on Bitnob. After registration, you can proceed with any legal verification if you want.
- After creating an account, login to your Bitnob app and click “Cards” then “Create a New Virtual Card”.
- Input the amount you want to load on the card. Note, the minimum amount that can be loaded on Bitnob card is $3. Plus a card creation fee which is $1, making $4 minimum initial costs for the card.
- Once you have concluded on the amount you want to fund the card with, click “Next” and choose your preferred card colour. You can click the coloured circles to change the card colour to your preferred choice.
- Confirm your actions with your Bitnob PIN. As a new user, you will be required to setup a transaction PIN when creating your account. You can also go-to settings page to set or reset your PIN.
- Once you enter your Bitnob transaction PIN, click “Create Card” and your virtual dollar card will be created successfully without spending limits.
Note: You will receive a notification upon successful card creation. You can also fund your card anytime the balance is low. Also, keep note of the declining penalty and make sure you’re not using the card on a low balance mode.
Bitnob Mobile App and APK Download
The Bitnob App is available for download on the popular apps stores including Google Play Store and Apple iOS App stores, and the APK is available on websites like Softonic APK store.
Here’s the details of the Bitnob APK on Softonic:
App Specifications
- License: Free
- Platform: Android
- Supported OS: Android 13.0 and above
- Language: English
Download Statistics
- Total Downloads: 2,000+
- Downloads (Last Month): 251
Developer Information
- Developer: Bitnob Technologies
- Latest Update: November 19, 2023
Where to Download
- Available On: Google Play Store
