What is TRASTRA?
TRASTRA is a digital banking service that allows users to manage both cryptocurrencies and traditional money seamlessly. It offers a multi-currency Visa card, IBAN account, exchange services, and wallets for Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), XRP, and other major cryptocurrencies. You can exchange crypto to euros without needing a bank account.
Features of TRASTRA
1. Multi-Currency Wallet
Support: TRASTRA supports a range of major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), XRP, USD Coin (USDC), and Tether (USDT). This extensive support allows users to manage various digital assets all in one place.
Free Wallet: Users enjoy a free wallet with no charges for buying, managing, or cashing out cryptocurrencies. This feature makes it cost-effective to hold and transact with your digital assets without worrying about hidden fees.
2. IBAN Account
Receive Euros: With a personal IBAN account, TRASTRA users can receive euros directly. This feature is especially useful for those who need to handle both fiat and digital currencies seamlessly, making it easy to move between crypto and traditional banking.
3. Visa Card
Global Use: The TRASTRA Visa card is accepted by over 46 million merchants worldwide, providing a convenient way to make purchases and pay for services wherever you are.
Zero Top-Up Fee: There are no fees for topping up the Visa card with euros. This means you can load your card and spend your funds without incurring extra costs, making it economical and user-friendly.
Instant Notifications: Receive real-time notifications for all transactions, and have the ability to disable the card instantly if needed. This enhances security and allows you to monitor your spending closely.
4. Exchange Services
Instant Conversion: TRASTRA provides instant conversion between cryptocurrencies and euros. This means you can buy, sell, and cash out cryptocurrencies quickly and easily, without long waiting times.
No Bank Needed: You can convert crypto to euros without the need for a traditional bank account. This feature simplifies the process and provides greater financial independence.
5. Business Solutions
Crypto Salaries: TRASTRA offers solutions for businesses to pay and receive salaries in cryptocurrencies. This can be especially useful for companies and freelancers working in the digital economy, offering flexibility in how they handle payments.
TRASTRA Fees
TRASTRA offers a transparent and competitive fee structure that is easy to understand and designed to be cost-effective. For issuing the TRASTRA Visa card, there is a one-time fee of 9 EUR, and a monthly maintenance fee of 1.25 EUR. ATM withdrawals cost 2.25 EUR per withdrawal domestically and internationally, an additional 3% fee applies for non-EUR withdrawals. Topping up the card is free, which is a significant advantage over many competitors. Conversion fees are set at 1.5% for both crypto to euro and euro to crypto transactions, providing affordable rates for exchanging currencies. SEPA transfers within the EU are free for incoming transactions and cost 3 EUR for outgoing transfers, while internal transfers between TRASTRA accounts are free. If you need a card replacement, the fee is 9 EUR, and an account inactivity fee of 5 EUR per month applies if the account is inactive for 12 months or more. This fee structure, with its clear and competitive pricing, ensures users can manage their finances effectively without unexpected costs.
Card Issuance Fee:
- One-time fee of 9 EUR
Monthly Maintenance Fee:
- 1.25 EUR per month
ATM Withdrawal Fees:
- Domestic (EUR): 2.25 EUR per withdrawal
- International (non-EUR): 2.25 EUR + 3% of the transaction amount
Card Top-Up Fee:
- Free
Conversion Fees:
- Crypto to Euro: 1.5% per transaction
- Euro to Crypto: 1.5% per transaction
SEPA Transfer Fees:
- Incoming: Free
- Outgoing: 3 EUR per transfer
Internal Transfer Fees (Between TRASTRA Accounts):
- Free
Card Replacement Fee:
- 9 EUR
Account Inactivity Fee:
- 5 EUR per month (if inactive for 12 months or more)
Note: Fees are subject to change over time. Please check the TRASTRA website for the most current information.
How Crypto IBANs Work
Crypto IBANs link traditional banking with cryptocurrencies, allowing seamless transactions between fiat and digital currencies. Users can convert crypto to euros and vice versa effortlessly. Here’s how it works:
- Convert Crypto to Euros: Crypto is sent to the exchange platform, converted at market rates, and deposited into your IBAN account.
- Convert Euros to Crypto: Euros are transferred to the exchange, converted to the desired cryptocurrency, and deposited into your wallet.
TRASTRA’s Transition to Nuvei
TRASTRA has partnered with Nuvei, a renowned payment technology provider, to enhance its banking infrastructure. This partnership aims to support faster crypto-to-euro conversions and seamless transfers within the Single European Payment Area (SEPA).
New Crypto-Friendly IBAN:
- Seamless Transactions: Smooth and fast transactions between fiat and cryptocurrencies.
- Enhanced Security: High security standards for managing funds.
- Wider Accessibility: Easier access to funds across the European Economic Area.
Activating Your TRASTRA Crypto IBAN
Step-by-Step Process:
- Update the App: Ensure your TRASTRA app is updated.
- Sign Up or Log In: New users sign up, and existing users log in.
- Navigate to IBAN Section: Find the dedicated IBAN section in the app.
- Activate IBAN: Follow the steps to activate your crypto-friendly IBAN.
- Start Using: Begin using your IBAN for seamless transactions.
User Reviews and Feedback
Positive Experiences:
- Efficient Services: Users appreciate the ease of converting and using crypto.
- Responsive Support: The customer service team receives praise for their responsiveness.
Challenges:
- Policy Changes: Some users mentioned changes in policies affecting their experience.
- Account Issues: A few reports of blocked accounts or issues with accessing funds.
TRASTRA’s User Experience
Easy to Use:
- Intuitive App: The TRASTRA app is user-friendly, making it suitable for beginners.
- Secure: Two-Factor Authentication for enhanced security.
Customer Service:
- All People, No Bots: TRASTRA prides itself on offering unparalleled customer service with real human interactions.
My Conclusion
TRASTRA is revolutionizing how we use and manage cryptocurrencies alongside traditional money. With their crypto debit card, IBAN account, and seamless transaction features, TRASTRA is leading the way in digital finance. Whether you’re a crypto enthusiast or new to the world of digital currencies, TRASTRA offers a reliable and efficient solution for managing your assets.
