TRASTRA Card (2023 Review): Get Your Salary Paid In Crypto
I really hope the TRASTRA card is the beginning of a new era for both consumers and employers. As a fully remote worker running my own agency, I work with international clients and often struggle to find the most convenient way to get paid that is fast, cheap, and secure. I’m tired of foreign transaction fees, delayed wire transfers, and hefty currency exchange rates. But the world is changing for the better, we hope.
The technology behind blockchains and cryptocurrencies is shifting the way we think and operate with our money (and beyond), and now we see the first innovations toward paying salaries and getting paid. TRASTRA offers a unique debit with a free multi-currency account, instant money transfers, and aimed at getting your salary paid in crypto. In this post, we have a look at the TRASTRA crypto debit card in detail.
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Advantages of Getting Salaries in Crypto
It’s no news that blockchains, cryptocurrencies, and decentralized technologies will be central pieces of tomorrow’s financial systems. They are already changing most paradigms, including how we save, how we invest, how we access to credit, and also how we get paid.
NOTE
It’s important to note that these benefits come with risks and may not be suitable for everyone. The valuations of most tokens today are highly volatile, which means that the value of your money can go down or up drastically in short periods of time. I’m no financial advisor, and here I share my personal experience with these products (and I also lost money on the way).
Moving salaries to crypto can have several benefits, including:
TRASTRA Card Review (2023)
What is TRASTRA?
TRASTRA is a crypto banking solution providing users with a crypto wallet, a personal IBAN account (EUR), a debit card, and a mobile app. The focus of TRASTRA crypto debit card is aimed at receiving salary in crypto currencies, exchanging crypto for euro, and making low-fee purchases.
Key figures: 200k+ app downloads, 46M+ merchants accepted worldwide, €4M+ Euro in transactions every month, supported in 31 countries in Europe
TRASTRA Card Features
- Free multi-currency account. Supports Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Ripple (XRP), USDC (USD Coin), and Tether (USDT).
- Send and receive Euro within the Single European Payment Area (SEPA) without fees.
- Borderless transfers throughout 36 countries.
- Combine your card with Skrill, eBay, PayPal, and many similar services.
- Superior security with automated payment processing. Five-layer security with a multi-sig system by BitGo, two-factor authentication (2FA), SSL encryption, and device authorization.
- A personal IBAN connected to the card.
- An instant card block feature from the app.
- Delivered in over 31 countries in Europe.
- A high daily POS spend limit of €7700
- No card Top-up fees.
- No transaction fees.
- Get paid in crypto, and cash out in fiat.
Supported countries: Where does the TRASTRA card work?
The TRASTRA card is supported and delivered to 31 European countries, including Austria, Belgium, Bulgaria, Czech Republic, Croatia, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.
Fees
Overall, with TRASTRA you are always in control of the fees you pay. The platform claims to have reasonable mining fees for high-speed transactions, low mining fees for transactions at medium speed, and negligible fees for slow transactions.
Service Fees
| Account Registration | Free |
| Multi-Crypto wallet activation (7 cryptocurrencies) | Free |
| Payment account creation | Free |
| Card order fee An equivalent amount will be deducted from your crypto wallet | 9 € |
| Card delivery fee | Free |
| Annual card management First charge is within 45 days of card activation | 15 € |
| Mobile app | Free |
Card Fees
| Card load fee | Free |
| Offline/online card purchase fee (€) | Free |
| Non-euro card purchase (online, offline) | 3% |
| SEPA in (via personal IBAN) | Free |
| SEPA out (transfer of euros throughout SEPA) | 3 € |
| ATM balance request | 0,35 € |
| ATM PIN change | 0,40 € |
| ATM € withdrawal | 2,25 € |
| ATM withdrawal non-€ or outside European Economic Area* | 2,25 € + 3% |
Crypto Fees
| Deposit crypto | Free |
| Minimal crypto amount exchange | € 22 |
| Exchange crypto to EUR | Free |
| Exchange EUR for crypto | Free |
| Send crypto to TRASTRA internal wallet | Free |
| Send crypto to an external wallet | standard miner’s fee* |
Is Trastra Safe?
TRASRA uses high-grade security standards, including five-layer security with a multi-sig system by BitGo, two-factor authentication (2FA), SSL encryption, verified by Visa, and device authorization.
The company is a regulated financial technology company headquartered in Prague, Czech Republic, which complies with all the local regulatory compliance procedures.
Conclusion
TRASTRA had a great initiative and first stab at tackling a common and massive problem worldwide. Europe was a perfect testbed for the TRASTRA debit card, as millions of foreign workers in every country deal with a range of currencies, prices, and markets every day. TRASTRA offers a solid crypto debit card with a multi-currency account that can be used to pay salary in crypto and cash it out in fiat, easily and quickly.
Some of the features I’d like to see in the near future include lower maintenance fees, cashback or loyalty program, a connection with a DEX to invest and stake your funds, and a welcome offer. It would also be attractive to see their effort behind sustainability both on the front end (e.g., card material and shipping) and the back end (servers, green IT, investments, etc.).
