Experience the magic of DeFi in seconds, without any fiat-to-crypto headache.
2 min read
Published on February 12, 2020
Dharma is on a mission to make DeFi radically more mainstream friendly, and today we are excited to announce that Dharma is now accessible directly from your debit card.
Debit Card Deposits in Dharma
We’ve worked with Wyre to give US-based* users the ability to seamlessly deposit to Dharma from a debit card. Under the hood, all debit card deposits are settled in Dai, the highest earning and most decentralized stablecoin.
At this time, deposits are limited to $250 per transaction and $1,500 a month. We’re working hard to increase these limits, so stay tuned for more.
Withdraw Directly to Your Bank Account
Easy fiat-to-crypto depositing wasn’t enough for us. We wanted to ensure that you can easily cash out some of the interest that you’ve earned. Which is why today you can make crypto-to-fiat withdrawals as well. Withdrawals are processed via ACH within 3-5 business days and settle directly to your bank account.
There is no limit to the value that can be withdrawn, and withdrawals are immediately available in all 50 states.
*Due to state regulations, Wyre does not support debit card deposits for residents of CT, HI, NC, NH, NY, VA, VT
**Interest rates are variable and subject to change at any time