Introduction to Ledger Virtual Crypto Card


Coinbase, Crypto.com, Wirex) which is a handy way to convert your Crypto to Fiat (e.g. USD, GBP or EUR) and spend it.

However, it requires that you have a Ledger Hardware Wallet, e.g. Nano S or X is just fine. And you can apply the Ledger Crypto Card at the Ledger Live Application. However, at current stage, make sure you choose what to have: either a Virtual Crypto Card or a Physical Crypto Card, as you can’t have both at the moment. I have sent an email to ask for the clarification:

Q: Is there a way to choose the Physical Ledger Card after choosing a “Virtual” one? I don’t seem to find the option to order the Physical card anymore in “Ledger Live”.

A: Thank you for your interest in the CL Card powered by Ledger. As you opted for the virtual card, a physical counterpart will not be offered at this point since the functionality of in app cancellation and reissuance of cards is pending release. Thus, would advise you to wait this feature to become live, to ensure that you are not left with a cancelled card account for an indefinite period of time. Thank you in advance for your patience.

Ledger Virtual Crypto Card

You can top up the Crypto Assets using stable coins: EURT or USDT (ERC-20 Ethereum Network), or BTC or ETH. And it is free to have a virtual crypto card, however, if you go for Physical Card, there is a one-time fee $5 USD unless you top up $100 worth of Crypto currencies in your account.

ledger-live-application-crypto-virtual-card Introduction to Ledger Virtual Crypto Card blockchain Cryptocurrency Cryptocurrency Ledger Wallet USDT

Crypto Ledger Virtual Card in Ledger Live Application

ledger-virtual-crypto-card Introduction to Ledger Virtual Crypto Card blockchain Cryptocurrency Cryptocurrency Ledger Wallet USDT

Ledger Virtual Crypto Card in Ledger Live

A Virtual Crypto Card is just like a bank card (visa debit) except that there is no Physical Card. You can shop online by entering the 16-digit card number, and the Security code (3 digit) on the back of the “virtual” card.

For Ledger Card, it has two Levels – Basic and Advanced.

For Basic Level. The send digital currency and Fiat deposit is currently set to 1000 USD per transaction, and the incoming and outgoing transactions is set to 2000 USD. There is no limit to receive the digital currency.

For the Advanced Level (Required Proof of Address). The limit to Send Digital Currency is 50,000 USD per transaction. The Fiat Deposit is 50,000 USD per transaction. Unlimited incoming and outgoing transactions, and also no limit to receive the digital currency.

Does Ledger Virtual Card Support Apple Wallet?

Unfortunately, it is not supported yet. It would be great if this is supported so that with Apple Wallet, we don’t need a Physical Card, and we can just spend it in the shops.

However, when I was adding the Crypto Card to Apple Wallet, it says: “Your Issuer Does Not Yet Offer Support for This Card. Learn more about currently supported cards, or ask your issuer if they offer cards that support Apple Pay.”

Update: Most Crypto Cards do not support Apple Pay (so a Virtual Card can basically only be used for online shopping), but as of today, Ledger Crypto Cards (Virtual and Physical) can be added to Apple Wallets so that you can use even a Virtual Card as a Physical one via Apple Pay: see this post: Crypto Ledger Card Supports Apple Pay for more details.

crypto-virtual-card-added-to-apple-pay-apple-wallet Introduction to Ledger Virtual Crypto Card blockchain Cryptocurrency Cryptocurrency Ledger Wallet USDT

Crypto Ledger Card Added to Apple Wallet (Support Apple Pay)

Is Ledger Wallet Safe?

cryptocurrencies. The private keys are stored on the hardware device, which means they are not exposed to the internet and cannot be hacked remotely. In addition, Ledger uses a secure element, which is a chip that stores sensitive information and makes it difficult to extract the private keys even if the device is physically compromised.

However, it is important to note that no storage solution is 100% secure, and it is still possible to lose your cryptocurrencies if you lose the device or forget your passphrase. Therefore, it is important to take proper precautions, such as creating a backup of your recovery phrase and storing it in a secure location (write it down on a piece of paper, and lock it securely in a safe – paper wallet).

Conclusion

wallet and the Crypto Card provide a range of features and levels of security to suit different needs. Whether you are a beginner or an advanced user, Ledger has a solution for you.

It seems that the Ledger Crypto Virtual Card Only Linked to Crypto Wallet

You can apply for the Ledger Crypto Cards here: https://www.ledger.com/cl-card

–EOF (The Ultimate Computing & Technology Blog) —

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