Table of Contents
Does Bangladesh Allow Bitcoin Prepaid Cards?
While cryptocurrency transactions and trading remain illegal in Bangladesh, there is a growing interest in digital currency among citizens. The Bangladesh Bank has issued warnings to commercial banks, urging them to be cautious about transactions involving Bitcoin. Both the foreign exchange police department and regulatory authorities closely monitor cryptocurrency activities in the country.
In recent years, the Bangladesh Financial Intelligence Unit (BFIU) has ramped up efforts to track down Bitcoin traders, receiving support from the Bangladesh Telecommunication Regulatory Commission (BTRC) in this endeavor. Numerous meetings have been held to address these concerns, especially as freelancers and international travelers increasingly rely on cryptocurrency for payments. Prominent individuals, including local celebrities, have also shown an interest in digital currencies, highlighting the ongoing demand despite regulatory challenges.
The government has explicitly warned against using Bitcoin for transactions, with Bangladesh Bank stating that Bitcoin is not a recognized currency anywhere in the world and poses significant risks. Engaging in cryptocurrency trade, officials warn, could potentially violate anti-money laundering and anti-terrorism financing laws.
Current Legal Stance on Bitcoin Prepaid Cards in Bangladesh
Given these restrictions, Bitcoin prepaid cards are not legally recognized or supported by the banking system in Bangladesh.
How to Apply for a Bitcoin Mastercard in Bangladesh (Alternative Methods)
Despite the legal constraints, some individuals still seek Bitcoin prepaid cards. While this is not a lawful process in Bangladesh, it is possible to apply for a Bitcoin prepaid card through various online platforms. To obtain one, users typically register on a cryptocurrency-friendly website, create an account, and fund it with Bitcoin or USD. Some platforms allow for account creation without an upfront deposit.
How to Withdraw Bitcoin in Bangladesh
To access funds via cash, users can withdraw from any VISA-supported ATM using their card and PIN. It’s important to ensure a sufficient balance in USD or BTC to cover withdrawal fees.
Converting Bitcoin to BDT via ATM
Although cryptocurrency services remain limited, select platforms enable BTC-to-BDT conversions via ATMs or direct bank transfers. Registering on a reputable cryptocurrency exchange can provide access to USD-to-BDT conversion services, making it easier for users to navigate currency restrictions.
Recharging Mobile Phones with Bitcoin in Bangladesh
For those looking to top up their mobile balance with Bitcoin, certain online services offer this option. By transferring BTC to the platform, users can recharge their mobile phones conveniently and efficiently.
Note: Always ensure compliance with local regulations before engaging in cryptocurrency transactions.
Bitcoin Prepaid Card Features
- Low commission/ Transparent pricing and limits
- Free worldwide delivery
- Both Chip & Pin and virtual cards are available
- Accepted anywhere major cards
- Shop anytime, anywhere across the world
Where I can get a prepaid Bitcoin Mastercard?
One of the most exciting products of cryptocurrency is Bitcoin debit cards. You can easily spend your Bitcoin through a VISA or MASTERCARD payment at an ATM. There are two types of cards 1. Bitcoin prepaid card no 2. Real-time card. Buying Bitcoin with a debit card is really incrementally easy and we recommended some of the services below.
Spectrocoin.com
This card allows Bangladesh to deposit and withdraw Bitcoin. Included in their service you can also take the service gift card and Mobile Top-Up. Spectrocoin gives you the opportunity to get your Balance in your cash to hand through an ATM. Bitcoin Prepaid Card are provided by this company.
- Card Types: Anonymous, virtual, and plastic.
- Balance in: BTC, EUR
- The country allows: All countries are allowed with BD.
- Card Price: First-time plastic card is $50, a virtual €9.00
- Delivery time: plastic card 2-4 business days virtual Instant.
- Monthly Fees: Plastic card $1 and virtual card €1.00.
- Card Lord Via Wallet: Plastic card –1% and virtual card 1%
- ATM Withdrawal: Card $2.5 per withdrawal virtual – no fees
- POS/Online Transactions: Plastic $0.25, virtual card €0.25
- Currency exchange: Both are 3% fees
- Country: Lithuania
Raxcard.com
Another popular card Raxcard allows money to be withdrawn worldwide and allowed in Bangladesh. Reloadable Bitcoin debit card, web money, and Perfect Money are included in the service. It is the very first and easiest to withdraw Bitcoin, perfect money, and web money via an automated teller machine. Raxcard is a US registration-based company providing service worldwide.
- The country allows Worldwide. Allow Bangladesh.
- Delivery time: Generally 3-4 hours business day.
- Card Price: For the first time you need $50
- Monthly & Yearly Fees: Plastic card free.
- Card Types: Mastercard.
- Balance in: BTC, USD
- Country: USA registration base
- Card Expiry Date: 4 years
- Active time: Very short time
- ATM International Withdrawal: 0.99%
Paycent.com
Payment card gives you digital money to fiat local currency instantly worldwide through ATMs. With the highest security stander level and real-time accessibility worldwide. To reduce the gap between digital currency a fiat currency this is one of the trusted companies. Payment is one of Texcent’s products and a global payment platform solutions provider. Paycent Hybrid App is one of the popular financial technology industries. Paycent is a good option for Bitcoin Prepaid Card.
- Card Types: Unionpay.
- The country allows Worldwide. From Bangladesh, you can apply for a card.
- Card Price: For the first time you need $140
- Delivery time: Generally 2-4 hours business day.
- Monthly & Yearly Fees: Plastic card free.
- Card Lord fees: $0.5 up to $2.50
- Retail online transaction: free
- Minimum lord amount: $10
- Country: Singapore
Uquid VISA Debit Card
You can pay through a Uquid debit card safely and securely, in person, or by shopping. Uquid will help you to upload your balance to your card to spend in different countries. At any time day or night or any place you can use this Bitcoin debit card. If you have any fault in your account then no problem they will back up your balance securely. You can get the real-time Bitcoin price.
- Card Types: Bitcoin debit card, virtual and plastic card.
- Balance in: BTC, USD
- The country allows Country restriction.
- Card Price: Fast and Free Delivery
- Delivery time: Instant delivery with just 1 GBP/EUR/USD
- Monthly Fees: free.
- Card Lord Via Wallet: free
- ATM Withdrawal: Unlimited ATM Withdraw
- POS/Online Transactions: free
- Valid: Valid for 3 years
- Country: London, UK
Xapo Debit Card
Xapo is the first market Bitcoin card popular with many crypto enthusiasts from different countries. However the United States (US) is not a valid card, mainly available in most European countries. These debit card funds come out directly from your Xapo web wallet account. From fiat to digital currency it is the first and smooth transaction that’s made you happy. Service debit cards are temporarily stopped/ coming soon.
Note: From October 15th, 2017 Xapo suspended service on all existing debit card users who live outside of EU territory.
Bitpay.com
Freedom of liquidity all over the world. Get a Bitcard to withdraw money through ATM anywhere and anytime. You do not need to be associated with any bank account. It is completely safe, valid, and secure to shop. This company crypto wallet gives you an instant recharge service. Any time you can cancel this card service. It is not only a credit or debit card but also tops up a limited amount.
Card Types: MasterCard.- The country allows Spain. By gradually many countries adding.
- Card Price: €20
- ATM Withdrawal: withdrawal fees €1
- Reviews: Their review rating is good.
- Delivery Time: BitPay Card via US Mail in 7-10 business days.
- Fees: Monthly transactions for a 1% processing fee.
- Accept: Moreover they accept BTC, USD
- Country: Atlanta, United States
Card Types: MasterCard.Does Bangladesh Allow Bitcoin Prepaid Cards?
While cryptocurrency transactions and trading remain illegal in Bangladesh, there is a growing interest in digital currency among citizens. The Bangladesh Bank has issued warnings to commercial banks, urging them to be cautious about transactions involving Bitcoin. Both the foreign exchange police department and regulatory authorities closely monitor cryptocurrency activities in the country.
In recent years, the Bangladesh Financial Intelligence Unit (BFIU) has ramped up efforts to track down Bitcoin traders, receiving support from the Bangladesh Telecommunication Regulatory Commission (BTRC) in this endeavor. Numerous meetings have been held to address these concerns, especially as freelancers and international travelers increasingly rely on cryptocurrency for payments. Prominent individuals, including local celebrities, have also shown an interest in digital currencies, highlighting the ongoing demand despite regulatory challenges.
The government has explicitly warned against using Bitcoin for transactions, with Bangladesh Bank stating that Bitcoin is not a recognized currency anywhere in the world and poses significant risks. Engaging in cryptocurrency trade, officials warn, could potentially violate anti-money laundering and anti-terrorism financing laws.
Current Legal Stance on Bitcoin Prepaid Cards in Bangladesh
Given these restrictions, Bitcoin prepaid cards are not legally recognized or supported by the banking system in Bangladesh.
How to Apply for a Bitcoin Mastercard in Bangladesh (Alternative Methods)
Despite the legal constraints, some individuals still seek Bitcoin prepaid cards. While this is not a lawful process in Bangladesh, it is possible to apply for a Bitcoin prepaid card through various online platforms. To obtain one, users typically register on a cryptocurrency-friendly website, create an account, and fund it with Bitcoin or USD. Some platforms allow for account creation without an upfront deposit.
How to Withdraw Bitcoin in Bangladesh
To access funds via cash, users can withdraw from any VISA-supported ATM using their card and PIN. It’s important to ensure a sufficient balance in USD or BTC to cover withdrawal fees.
Converting Bitcoin to BDT via ATM
Although cryptocurrency services remain limited, select platforms enable BTC-to-BDT conversions via ATMs or direct bank transfers. Registering on a reputable cryptocurrency exchange can provide access to USD-to-BDT conversion services, making it easier for users to navigate currency restrictions.
Recharging Mobile Phones with Bitcoin in Bangladesh
For those looking to top up their mobile balance with Bitcoin, certain online services offer this option. By transferring BTC to the platform, users can recharge their mobile phones conveniently and efficiently.
Note: Always ensure compliance with local regulations before engaging in cryptocurrency transactions.
Simply to go the service provider’s website and put your desired mobile number. After that put the desired amount that you want to recharge. Now there displays A BTC amount to send them. You can also check your order or transaction processing status. Most of the charge recharges are made instantly.
Mobile Recharge Website With Bitcoin
- Bitrefill.com
- Btcrecharge.com
- Piiko.co
- bitkoyn.com
Using Bitcoin to Recharge Your Mobile in Bangladesh
You can easily recharge your mobile phone in Bangladesh with Bitcoin, Dash, or Stellar. This method offers a convenient and secure way to top up your balance for popular telecom providers such as Airtel, Banglalink, Grameenphone, Robi, and Teletalk. By leveraging the power of cryptocurrency, users can enjoy fast and seamless mobile recharges without traditional banking hassles.
Why Bitcoin Prepaid Cards Are Essential in Bangladesh
Bitcoin Prepaid Cards are becoming increasingly important for users in Bangladesh who seek instant money transactions. These cards offer a quick and efficient way to perform transactions without the need for a traditional bank account. With the growing adoption of cryptocurrency, these services are bridging the gap between digital currencies and everyday transactions, providing much-needed convenience.
Stay Safe from Scams When Using Bitcoin Prepaid Cards
While using Bitcoin Prepaid Cards in Bangladesh is convenient, it’s crucial to exercise caution when selecting a service provider. Unfortunately, scammers are prevalent online, so ensure you’re using a reputable provider. Always verify the legitimacy of the website or service you’re using to safeguard your funds and personal information.
By understanding how Bitcoin Prepaid Cards work and selecting a trustworthy service provider, you can ensure a smooth and secure experience while managing your mobile recharges in Bangladesh.