In order to use your Bitpanda card, you need to set up a “Main payment asset”. You can use any asset* you hold on Bitpanda as your Main payment asset, this includes fiat (EUR), all crypto-assets, stocks and precious metals. Your card is then connected to your Main payment asset at all times, which is used to fund your card payments. This means at the moment you complete a purchase or cash withdrawal with your card, your asset will instantly and automatically be traded to EUR and deducted from your EUR fiat currency wallet to complete the payment. Of course, you can always switch your Main payment asset via the Bitpanda App at any time.
You can also set up a “Fallback payment asset”. The Fallback payment asset is optional but recommended to add. If a payment is too big to be covered by the connected Main payment asset, the full amount will be deducted from the fallback wallet. This helps avoid failed transactions if your main wallet is running low on funds.
*except the Bitpanda Crypto Indices