RedotPay is a Visa prepaid card issued by Red Dot Technology Limited. that combines cryptocurrencies and the traditional financial system, allowing users to make purchases and transfers using cryptocurrencies. The card provides a convenient and secure payment solution that allows users to pay with cryptocurrencies at merchants worldwide.
Key features of the Little Red Card (RedotPay) include:
- Cryptocurrency to fiat currency conversion for spending: no need to convert fiat currency in advance to make global payments with cryptocurrencies.
- Support for mainstream cryptocurrencies: Provides crypto wallet function that supports a variety of mainstream cryptocurrencies, including btc/eth/usdt/usdc, which can be deposited and spent at any time.
- Zero Deposit and Withdrawal Fees: There is no need to pay any deposit and withdrawal fees, and there are no monthly or annual fees either.
- Physical Card: In addition to the virtual card, users can also apply for a physical card to enable offline ATM cash withdrawals.
- Exclusive Blockchain Address: Each user will be provided with a unique on-chain wallet address to ensure the liquidity and security of digital assets.
- Trustworthy Asset Custody: Users' digital assets are securely held by an independent institution holding a Hong Kong Trust Company Licence and protected by up to US$50 million in insurance.
- Protecting customer asset ownership: Even if faced with bankruptcy, the company will certify that the user's assets are held by a third party to ensure asset safety.
Difference between physical and virtual cards
Little Red Card offers two different cards: physical and virtual. Both cards have the same features, the virtual card costs $10 to open and the physical card requires $100, the only difference is that with the physical card you can get a real card in the mail, and then with that card, you can withdraw cash instantly from offline ATMs.
Physical cards need to be mailed, so they require a valid shipping address and a period of waiting before you can get them to use.
The virtual card takes effect immediately after opening, so if you don't have an offline usage scenario, it is recommended to just open the virtual card and it will be ready to bind and use immediately.
Little red card currency
Little Red Card currently has two kinds of cards, one is a Hong Kong dollar card (beginning with 41463), and the other is a US dollar card (493728).
If you are in Hong Kong, it is recommended to open a Hong Kong Dollar card, so that you can save the loss of currency conversion. For other areas, it is recommended to open a USD card.
How to open a HKD card: Use a Hong Kong IP and fill in the Hong Kong billing address to open a HKD card.
How to open a USD card: Use a non-Hong Kong IP and fill in the non-Hong Kong address to open a USD card.
