That’s a very comprehensive response, thanks! The main idea for our Bitcoin card is that you would be able to hold BTC until the last possible second, and also with self-custody in mind (powered by NWC). Indeed, if you still have fiat, I’d say the rational priority is to spend that over “hard” money. But for those that want to already live on Bitcoin, and allocate their disposable income (which is still on average a rational choice even if you spend it the same month) such solution as wavecard solves the instant liquidation peoblem in all of those cases where merchants do not accept BTC directly. Answers to your questions: 1. Conversion fees refer to BTC -> EUR conversion when paying with the card - that’s 1% for us in revenue. On top of that, the BTC price itself might be up to 0.5% worse than you would get on other exchanges as a mid-market rate. This is the same price we get from our liquidity providers, and we just pass it on at cost. Besides that, there are no other fees, and we do not charge any FX fees. Meaning that you fan freely pay in any fiat currency globally, and will still end up losing max 1.5% from your BTC in self-custody to a burger in your hands. 2. We can accept EEA citizens OR residents. If you apply as a citizen, then you only need an ID and selfie. If you do not have EEA citizenship, then EEA proof of address is accepted instead. 3. Third-party IBAN transfers are not allowed yet, but we’re working on it. 4. Yes, you can easily freeze your card, add limits or control contactless payments specifically. Like a normal VISA card