UK-based crypto wallet Cashaa has introduced a new feature that allows users to buy cryptocurrencies with VISA and MasterCard debit or credit cards.

Using the new service, Cashaa users can purchase Bitcoin, Ethereum and CAS tokens across the world, except in the US market.

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Cashaa CEO Kumar Gaurav said: “This functionality was constantly being asked by our existing personal users from more than 109 countries. There is no major wallet like Blockchain.info or Bitgo that are offering this service, while the ones who are offering it, are charging higher markup fees on Bitcoin.

“Enabling this feature will allow our wallet users to buy crypto as an e-commerce experience without paying high fees within their multi-sig wallet. There will be no hidden or markup fees on Bitcoin price.”

Cashaa Cryptocurrency

Including card processing fee, platform fee, and a markup on Bitcoin price, cryptocurrency purchases through cards usually incur a total fee of 9-12%.

Cashaa, however, said that it will charge a card processing fee of only 4% for European cards and 5% for non-European cards, with a service fee of 1.49%.

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If users pay the fee in CAS tokens, the company will slash service fee to 0.75% for personal users and 0.40% for business users.

The company has set €10,000 ($11,249) as higher limit for card payments.

At present, Cashaa has fiat wallets denominated in GBP and EURO for personal users. Users can fund these wallets in over 200 currencies including PHP, INR, SGD, SEK, among others.

The newly introduced feature will allow users to decide which wallet they want to fund.

Currencies other than EURO and GBP will be converted into EUR or GBP based on what the users opts for during the deposit process, the company said.