Nuri Card

About the company

In 2015, Bitwala first launched, allowing people to make bitcoin-powered bank transfers to 22 countries and a prepaid debit card. In 2018, Bitwala reimagined itself to become the world’s first crypto bank account. People had an easy and safe way to get started with cryptocurrency directly from their German bank account.

Announcement

Thanks to the partnership with Solarisbank, Nuri includes a German debit card from Mastercard.

Other perks include that, as a Mastercard, you can withdraw cash at ATMs around the world without any fees.

Nuri makes crypto convenient and accessible by cooperating with CryptoTax, which records your purchases and sales. If you access the Nuri app and navigate its menus, you'll quickly be able to access the relevant information. Furthermore, the app can automatically convert your records into a form that's suitable for submission to tax authorities. In all, trading has never been more convenient than it is now.

The only fee Nuri charges is the fee for every BTC and ETH trade (buy/sell) within the Nuri account. This fee is 1.00% + the relevant network fee. The network fee, however, is fixed (and varies dependent upon the pressure on the BTC or ETH network from time to time) and is not a percentage of the trade amount.

Reward Scheme

Nuri Interest Account

Nuri also has what they call the "Nuri Interest Account". Through this, you can receive up to 5% interest on Bitcoin you deposit. The three main benefits with this solution are (in addition to receiving interest of course):

No lockup, you can add & withdraw anytime,

Fast Liquidity: withdraw and convert to Euro within minutes, and

Minimum investment of only €10 in BTC.

35€ sign up bonus

Other perks

Euro deposits up to €100,000 are protected by the German Deposit Guarantee Scheme,

You can make standing orders and automatic payments for service subscriptions, and, finally,

You can send and receive SEPA transactions.

Value Proposition

Automatically Records Tax Information

Account Protection and Related Benefits

Solarisbank ensures each account up to 100,000 Euro

The only notable fee is that Bitcoin and Ethereum have a 1% trading fee with a minimum amount of 30 euros. Account management and debit card provision fees are nonexistent unless you lose your debit card and need it replaced. There are no Nuri ATM fees, although the ATM and Mastercard may charge fees at their discretion.

Wallet choice - We give you the choice between beginner (Nuri-held keys) or advanced (user-held keys) cryptocurrency wallets with our Wallets and Vaults.

Tax remedy included.

Our partnership with CryptoTax means your investments are collected in an easy-to-export document. Your ready-to-submit crypto tax report for all your Nuri transactions cures any tax headache.

Drawbacks of Nuri

Trading fees, compound interest rates, and similar features are worse than dedicated platforms.

European Union Only

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-Nuri Resources

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