The Litecoin Card eliminates monthly fees!
- johnez
- Jul 6, 2022
- 1 min read
Updated: Jul 10, 2022
It was announced today by the @Litecoin account that the monthly fee to use the Litecoin Card has been dropped!
The Litecoin Card is a virtual debit card that allows you to spend Litecoin at point-of-sale anywhere that accepts Visa. After sign up, you have a Litecoin wallet which you can transfer Litecoin to and then later use for purchases by swiping your card. Once a transaction occurs, your Litecoin is automatically exchanged for fiat and the merchant is paid.
Prior to this announcement, there used to be a $5 monthly account fee that drew against your Litecoin balance. Information is still coming out, but dormant accounts may still have a fee applied based on the following quote from the Litecoin Card website.
Are there are any transaction fees?
No. There are no transaction fees, crypto deposit fees, or exchange fees. However, there is a flat monthly fee, that for most users is waived just by using their card regularly.
Regardless, this is huge news and is certainly noteworthy for users who prefer to only keep minimal amounts in the card's wallet.
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This post is a great example of how crypto is becoming more practical for everyday use—your breakdown of the Litecoin virtual debit card and its fee structure is especially helpful for users looking to spend crypto like cash. As digital wallets evolve, tools that offer flexible transactions and real-time control are becoming essential. FuncCards delivers customizable virtual debit cards that integrate seamlessly with both fiat and crypto ecosystems—giving users the freedom to manage spending securely, without hidden fees or physical card hassles.