How to Apply for an Offshore Crypto Debit Card?11 min read

How to Apply for an Offshore Crypto Debit Card?11 min read

Using a crypto debit card from The Kingdom Bank, you can turn your crypto investments into everyday spending cash. 

So in this post, we will talk about what an offshore crypto debit card is, how you can get one, how to apply for it, the eligibility requirements, the fees and the cryptos accepted. 

By the end, you’ll understand exactly what offshore crypto debit cards are and how to get one.

What is an Offshore Crypto Debit Card?

An offshore crypto debit card is a debit card issued by an offshore digital bank such as The Kingdom Bank that will let you spend the cryptocurrencies in your associated crypto bank account. 

When you purchase something using the card, money is pulled from your crypto account and converted into the local fiat currency at the store. This makes your cryptocurrency as easy to access as cash in a bank account.

Offshore crypto debit cards are “offshore” because they are offered by a bank that is not regulated and approved within your home country. For instance, The Kingdom Bank is licensed and supervised by Dominica’s Financial Services Unit. 

Having a bank account at an offshore bank provides greater anonymity and flexibility than in-country crypto debit cards and bank accounts that are subject to harsh local regulations.

How Can I Apply for an Offshore Crypto Debit Card?

The Kingdom Bank’s offshore crypto debit card is very easy to apply for, and you can usually apply completely online:

• Setup a The Kingdom Bank account – Go to the The Kingdom Bank website and click “Open Account” to start setting up the account. You’ll need to submit some basic Know Your Customer (KYC) details, such as your name, birthdate and address.
• Identity check – The Kingdom Bank will ask you to present a government issued photo ID and your last utility bill to prove your identity. Provide clear copies of the documents for approval.
• Deposit coins into your account – Once your account has been approved you can deposit coins from your third party wallet into your new The Kingdom Bank crypto bank account. Initial deposits are required at certain minimums.
• Request for debit card – Once you have funded your account, log back into your The Kingdom Bank account dashboard and select “Request Debit Card”. Choose your shipping address and card style.
• Register your card – It takes 2-5 business days for your brand new offshore crypto debit card to arrive in the mail. Make it turn on by dialing the number on the included activation page. It’s easy to shop now with your card!

It will generally take 1-5 weeks from the application beginning until you receive your Activated offshore crypto debit card in the mail. 

The Kingdom Bank will strive to make offshore crypto banking as seamless as possible.

What Documents are Required for the Application of a Crypto Debit Card?

If you are interested in getting an offshore crypto debit card from The Kingdom Bank, here are the major ID documents you need to submit:

• Government ID – Passport, driver’s license or national ID showing your photo, name, date of birth and expiration date. The ID must be valid (never expired) and reflect your current address.
• Address Evidence– Your utility bill, bank statement, or other document less than 3 months old with your name and address on it. Digital bank statements are accepted.
• Photo– A high quality selfie photograph of you holding your government photo ID next to your face. This connects your name to the ID picture.

Please make sure all the files are legible, crisp scans or colour photographs. The Kingdom Bank might require some additional verification documents but those three fundamentally make up the initial identity verification requirements. 

By having the supporting documents in hand, it’ll make it easier to review applications.

Are There Any Fees Associated with Offshore Crypto Debit Cards?

For offshore crypto debit cards, the usual fees include:

• Fee for annual/monthly use: Most offshore crypto debit card issuers, such as The Kingdom Bank, charge an annual/monthly fee to help them keep the card active and safe.
• Fees for transactions: You might pay a small transaction fee each time you buy or withdraw something from your offshore crypto debit card. These charges can differ based on the provider and type of payment.
• Conversion fees: If you used your offshore crypto debit card to buy something in a currency other than the one that you have in your The Kingdom Bank account, you will incur a currency conversion fee.

What Cryptocurrencies are Supported by Offshore Crypto Debit Cards?

Offshore crypto debit cards such as The Kingdom Bank enable the deposit and use of the major cryptocurrencies, such as:

• Bitcoin (BTC) – The original, and biggest crypto on the market. BTC is accepted by almost all crypto debit cards and digital banks.
• Ethereum (ETH) – The 2nd largest cryptocurrency and the platform for thousands of decentralized applications. Widely accepted on crypto cards.
• Tether (USDT) – A USD-pegged stablecoin that keeps its price stable. High volatility in spending and cash balances.
• Solana (SOL) – High-performance blockchain for NFT and DeFi platforms. A growing crypto-on-cards solution.
• Binance Coin (BNB) – The native coin of the crypto exchange platform Binance. Also widely accepted for spending.
• Litecoin (LTC) – An early Bitcoin alternative with an emphasis on transactions. Accepted by most crypto debit cards.

In addition, the majority of offshore crypto debit card issuers such as The Kingdom Bank endorse dozens of other top altcoins. 

Just make sure your coin you are interested in depositing is included in our list of accepted coins before submitting an application. Offshore crypto cards are highly multicoin compatible.

By applying for an offshore crypto debit card with a provider that you trust such as The Kingdom Bank, you are able to access your digital currency balance anywhere you have a debit card. 

You don’t have to wait for your cryptocurrency to sell before making purchases. Just replenish your card’s balance from your corresponding crypto bank account as needed.

To begin the easy and enjoyable process of getting an offshore crypto debit card, open your The Kingdom Bank account now. 

Check your identity, fund your account with supported cryptocurrencies and request your card. Within minutes, you will have a spending and cash access solution directly integrated into your cryptocurrency portfolio.

Keep in mind – you can invest in crypto at The Kingdom Bank. Sign up for your offshore crypto debit card and begin spending your virtual currency all around the world.