Bitwala, a Netherlands-based digital currency payments solutions firm, is offering free bitcoin debit cards to the first 2000 clients.

With Bitwala bitcoin debit card, users can swipe at any POS that accepts VISA, cash out at any ATM close by and pay online. It can be easily loaded with bitcoin deposits via Bitwala’s mobile app, The Merkle reported.

“The Bitwala Bitcoin debit card can handle anything at any of the over 30 million merchants where VISA is accepted”, the company said.

To get their hands on the card, users need to sign up at Bitwala, verify for Level 2 by uploading their identification document and utility bill. Following the verification process, they simply need to order the card – virtual or physical card. The virtual card would be delivered within one business day and the physical card takes around 10 business days. Once the card arrives, users need to activate it by clicking the e-mail link.

The virtual card costs 5 EUR while the physical card costs 10 EUR. Speaking of fees, Bitwala claims that its debit card has the best exchange rate and the fee structure is transparent and “super simple”. The Merkle reported that besides the issuance and top up fees, Bitwala charges a €1 monthly maintenance fee, and merchants are currently billed between 2-3% on every purchase made with the card. Foreign transactions are charged at 3%. 

Last month, Bitwala announced that it raised €800,000 in first seed investment round, drawing support from the largest German VC investment firm HTGF (High-Tech-Gründerfonds), as well as Barry Silbert and the Digital Currency Group (DCG).