If you are an ardent lover of Bitcoin or cryptocurrencies, chances are you will consider crypto debit and crypto credit cards sooner or later. All you have to do is swipe that card and finish the transaction. With the crypto markets experiencing an exponential rise and traditional payment networks welcoming it with open arms, the list of crypto credit and debit cards only gets longer.
CRYPTO DEBIT CARDS
Crypto.com Debit Cards (Best for Rewards)
Crypto.com’s debit cards support seven fiat and 53 cryptocurrencies, providing 100% back on popular streaming services like Spotify, Netflix, and Amazon Prime with some card versions. They also offer rewards of up to 8% back on regular purchases!
That’s not all. The icing on the cake is enhanced rewards available with Expedia and Airbnb for top card levels and Airport lounge entry privileges, through lounge key.
Crypto.com gives five varied versions of its Visa debit card with an interesting rewards program that includes amazing benefits – only if you’re willing (and can afford) to stake the large enough CRO (Crypto.com coin).
Another drawback is the huge staking necessities for best card versions with top rewards and benefits. The good news is, there’s a basic version with 1% rewards and no staking.
The fact that the card requires you to hold a bunch of CRO to receive the best rewards and gives you rewards too in CRO, is something you may not detest when this is compared to Bitcoin and Ethereum.
Climbing up the scale to higher-tiered cards, you get up to 8% back on purchases and 100% on streaming services like Netflix, Spotify, and Prime, as mentioned earlier.
Though the cards have free monthly ATM and exchange limits, there’s a 2% fee for ATMs and a 0.5% fee for exchanges. There are not many other card fees, but you could have fees to buy, hold, and exchange crypto charged by Crypto.com.
The Crypto.com card could be the one for you if you’ve heavy pockets and desire to keep your debit card spending and rewards on the blockchain.
WireX (Best for Foreign Transactions)
The Wirex Visa Debit card sponsors free international ATM withdrawals with zero exchange fees when used across the globe. You can also make free fiat-to-fiat currency exchanges and pay no fees for international ATMs or debit card use.
What’s more, you can store and pay with over 150 cryptos and fiat currencies through the WireX app. It includes free international ATM withdrawals and automatically converts to the local currency, so you never have any foreign exchange fees.
However, if you reside in the United States, you might be in for disappointment as it’s not available there at the moment. The ray of hope is the company recently receiving its first license in Georgia.
On top of it, the card features 1.5% rewards back to your BTC account.
Fiat-to-fiat transfers are free, but you will have to pay Wirex fees for cryptocurrency exchanges. There’s no monthly maintenance fee, and the Wirex rewards program issues its rewards in Bitcoin rather than tokens.
Nexo Debit Card (Best for Security)
The Nexo debit card preserves your digital assets with military-grade 256-bit encryption that integrates 24/7 fraud monitoring instruments to secure the safety of your funds and transactions.
You can order and manage your Nexo card at the comfort of the Nexo Wallet app, which gives you worldwide access to your credit line.
The Nexo app can also be utilized to create free virtual cards for safe online purchases, monitor your transactions in real-time, freeze and unfreeze your debit card, among others.
Monolith Visa Debit Card (Best for Ethereum)
The Monolith Visa is a crypto debit card concentrating on the Ethereum ecosystem.
The debit card shows off its proprietary token called TKN. TKN is employed to waive partly the fees users are charged, when using the debit card. You can also exchange your Ethereum-based tokens to fiat and load them onto your Monolith debit card.
The Monolith app fills you in with updates while you spend and view all of your transactions.
Monolith has limits on daily spending to secure your crypto assets from thefts.
BlockCard Visa Debit Card (Best for Zero Crypto Transaction Fees)
BlockCard too has zero crypto transaction fees, irrespective of whether you’re transferring crypto, exchanging to fiat currency, or making a deposit.
You can deposit Bitcoin and over 12 other supported cryptocurrencies into your BlockCard account. They can then be used at any place that accepts, Samsung Pay, Google Pay or Apple Pay.
Bitpay (Best overall)
We find the BitPay card as the best bet overall as it allows you to reload your prepaid card from your crypto wallet with no conversion fees imposed by BitPay.
The prerequisites for applying include your social security number and driver’s license. A monthly inactivity fee of $5 is levied after 90 days alongside a 3% foreign transaction fee if used outside the U.S.
However, there are no monthly maintenance fees, and BitPay also allows you to buy gift cards from your account.
BitPay supported Apple Pay and added a new virtual card option for those that do not want or need a physical card.
The Coinbase Card is a safe, user-friendly, Visa-supported debit card that modifies numerous types of cryptocurrencies to local currency and proposes a high daily spending limit.
However, there are substantial fees for non-U.S. users, and you are obligated to have a Coinbase account.
You can use it for PIN purchases and ATM withdrawals and using the app, make contactless purchases!
Coinbase Card supports nine cryptocurrencies, your spend limit is directly related to your bitcoin balance, just like your traditional debit card.
The card (and your personal information) is protected by security features, including two-step authentication, instant card freeze via the website or appetc.
There is no card issuance or transaction fee for U.S. users, although overseas users must pay ₤4.95 and 2.9%, respectively.
The card also comes with a bunch of other fees, so thoroughly read the fee chart (available on the website) before signing up.
Cryptopay Debit Card (Best for Daily Use)
Cryptopay offers 2 card options to consumers.
First is a plastic card that you can use at Visa-accepted locations for ATM withdrawals and disburse your cryptos.
The 2nd card option is a virtual card for online use and big purchases. You are free to spend up to ₤30,000 in a single online transaction.
The Cryptopay card also comes with overdraft protection.
You can seamlessly convert your cryptocurrencies into the supported fiat currencies: U. S. dollars, British pounds and euro, request your card statement to track your payments, deposits etc.
Bitwala Debit Card ( Best for Traveling)
The Bitwala debit card is your knight in shining armour if you’re looking to make contactless payments and free cash withdrawals worldwide.
The Bitwala debit card has a 3D secure feature — a private code that provides an extra layer of security when making an online purchase.
Bitcard is a bitcoin debit card that converts cryptocurrencies including Bitcoin, Dash etc. to Euros.
It can be bought online by spending merely 20 Euros without any registration. Once the card is received, in 5 days approximately, you need to activate it through an SMS, and subsequently top up and start shopping.
MCO Visa Card (Crypto.com Card)
The card from Crypto.com also offers a cashback feature.
That means, every time you use the card, a percentage of what you pay gets transferred back to you in the form of CRO-tokens. The percentage is actually from 1-8%, depending upon how many CRO-tokens that you stake.
It is similar to any other Bitcoin debit card. There are a total of five different MCO cards that differ in features and transaction limits.
Users can avail themselves of attractive discounts and fee subscriptions on Expedia, Airbnb, Netflix, and Spotify.
The mobile browser app company Status, has launched its freshent smart card hardware wallet for bitcoin, and altcoins, named “Keycard”.
The Keycard hardware wallet is a low-cost card device with an easy-to-use interface.
The estimated cost of this card wallet is approx $30 barely, currently available without any developer cost.
The upcoming BlockFi Bitcoin credit card will offer 1.5% cashback in Bitcoin on every purchase.
The bonus Bitcoin rewards will be based on spending, snaring our top spot as the best for cashback.
The pros of BlockFi are 1.5% or 3.5% cashback in a few months with $250 Bitcoin for spending $3,000 in the first 3 months!
However, it has an annual fee of $200 annual fee and only supports Bitcoin.
It is expected to launch in the Spring of 2021.
BlockFi’s card has a credit limit like any other credit card and can be used to make purchases wherever Visa is accepted.
As a signup bonus, new cardholders will get $250 in Bitcoin if they spend $3,000 within the first three months.
BlockFi also offers a bunch of other nice bonuses, including 2% extra APY on stablecoins stored in a BlockFi Interest Account (paid in Bitcoin up to $200), 0.25% back in Bitcoin on eligible trades (up to a maximum of $500 each month), and $30 in Bitcoin for every client referral. However, BlockFi also charges an annual fee of $200 for its card.
TenX Debit Card(Best for Virtual Visa Card)
TenX will provide a virtual Visa card as soon as your application is approved. The virtual card can be used to spend online anywhere Visa is accepted and activate full security controls through the app.
For a seamless card experience, TenX lends you the freedom to spend cryptos like Bitcoin and Litecoin with the tap of a card.
Cryptos are converted to fiat in a smooth and instant payment. It also guarantees round-the-clock security.
CRYPTO CREDIT CARDS
Crypto.com Visa Cards (Best for Rewards)
Crypto.com’s entry-level Midnight Blue visa card is free and doesn’t require you to hold CRO in your r 6 months.
The other 4 cards require you to place a CRO stake of $400, $4,000, $40,000, and $400,000.
Crypto.com’s credit cards, similar to their debit cards, let you enjoy some great perks, including 100% cashback,k on your Spotify, Netflix, and Amazon Prime subscriptions, 10% cashback on Airbnb and Expedia booking and airport lounge access.
Free ATM withdrawals per month range from $200 to $1,000, depending on the card. There’s no limit to the number of free currency exchange transactions you can make per month.
Coinbase Card (Best for Worldwide Spending )
The Coinbase Visa card lets you spend your crypto anywhere across the globe, funded by your Coinbase balance.
Ready for use in millions of locations worldwide, the Coinbase card lets you pay with PIN, contactless or withdraw cash from any ATM. The card also provides world-class security through 2-step verific, action, instant card freeze and more to keep your coins secure.
The Coinbase Visa card is backed by a robust mobile app that lets you switch between coins instantly. The app also helps in managing your spending by providing transaction re, receipts, spending summaries, and instant transaction notifications. Download the Coinbase card app on Google Play or the App Store.
Wirex Visa Card(Best for Multiple Currencies)
Wirex’s multi-currency Visa card that consents you to spend internationally without any exchange fees or hidden charges.
With more than 150 currencies to pay in, your Wirex card can be used at more than 54 million outlets worldwide, even online.
Along with free international ATM withdrawals you can avail smart rewards. The Wirex app lets you handily trade traditional and digital currencies at exclusive interbank prices. Fiat-to-Fiat exchanges are totally free.
BitPay Mastercard (Best for Free Card Reloads)
Using the BitPay Mastercard you can reload your credit card in a jiffy, without a conversion fee.
This card can be employed to withdraw money in millions of locations across the world.
As a security measure, BitPay comprises an EMV chip and multiple options to lock your card and regulate your spending.
The BitPay app has features that let you view your balance, ordering a new PIN, and converting your crypto into fiat currency.
The BitPay card restricts you to 3 withdrawals per day, with each exceeding $2,000. There’s no monthly or conversion fee, but you’ll incur a $5 inactivity fee per month after 90 days of no transaction.
Nexo Card (Best for No Fees )
This is the sole card letting you expend the value of your digital assets without having to sell them.
Nexo Card has no monthly fees, no annual fees and no FX fees.
With more than 40 million global merchants accepting this, you just have to swipe your card, and the payment is done.
Moreover,2% cash back(as NEXO of tokens or both) is deposited to your account directly, each time you buy something using a Nexo card.
The Nexo wallet app lends you access to crypto credit lines and a high-yield earn interest account. Your Nexo wallet is strengthened with military-grade 256-bit encryption and 24/7 fraud monitoring devices thereby safeguarding your funds and transactions.
Crypterium Card Visa (Best for Free Virtual Card)
Crypterium uniquely offers both, a virtual and plastic card.
The prepaid payment card associates with the Crypterium wallet letting you spend your digital assets at your will.
This can be employed for both offline and online purchases as well as to withdraw fiat money from ATMs.The Crypterium Card holds a $3.56 monthly maintenance fee.
Swipe Visa Card (No Foreign Transaction Fees)
With the Swipe Visa card, you can access your wallet balance at over 60 million locations globally, without sweating about foreign transaction fees.
The abundant card perks include 8% cashback and top-brand reimbursements.
You can associate with Google, Apple, or Samsung Pay and real-time security features. With admission to more than 50 cryptos, currencies, stable coins, and fiat currencies, you can conveniently alter and swap a cryptocurrency with another instantly.
Additionally, the swipe mobile app allows you to organize your swipe visa card and trigger other safety features.
We dug into dozens of cards available to come up with the aforementioned cards.
We aimed to hunt easy-to-use cards that allowed a seamless transition from cryptocurrency transformation to purchase or withdrawal. Security was a key factor, and we ensured that the cards we chose extended the same level of security as conventional debit and credit cards.
All of the cards that made it to our list offer support for many cryptocurrencies, were accessible worldwide and most importantly, simple to use and fund.
Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.
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