6 Best crypto debit cards
Cryptos are becoming more widely accepted, and one way this is growing and developing is through crypto debit cards. Every main player in the cryptocurrency world now provides crypto debit and credit cards.
These debit cards let you use virtual currency in places that don't generally accept it. They have perks that traditional debit cards lack. This post discusses the best crypto debit cards for 2022.
6 Best crypto debit cards
Crypto.com Visa Card
Best for rewards
U.S., EU, Canada, Australia, Brazil, and more.
Get up to 8% cashback
No annual fees, Debit card top-ups are free, 2% ATM withdrawal fee
No minimum/maximum deposit
Wirex Visa card
Best international card
Throughout Europe and the Asia Pacific. (anywhere visa is accepted)
Cashback of 8%
1% account-funding fee, Free ATM withdrawals up to 400 SGD per month, no exchange fees.
No minimum/maximum deposit
Binance Visa Debit Card
Best for cashback
Up to 12 including BNB, BTC, SXP, BUSD
Binance users in Austria, Belgium, and other European countries can access it.
Cashback of 8%
Free sign up, Online/Offline Purchase Fees of up to.9%, Topping Up Fee of 1% of transaction value, and POS Foreign Transaction Fee of up to.9%
No minimum/maximum deposit
Crypto Debit Cards Explained
Crypto debit card is similar to traditional debit card. You may want to spend some of your Bitcoin, Ethereum, Dogecoin, or other crypto holdings. Crypto debit cards help consumers use crypto with merchants who don't accept it. These cards allow you to use your cryptocurrency like regular cash, making them a convenient way to shop, pay the bills, or withdraw cash from an ATM.
Crypto debit cards are a fantastic way to spend your digital currency. Even if merchants and ATMs don't accept coins, you can use crypto debit cards to conduct online or offline transactions and withdraw cash. Cardholders load a predetermined amount of cryptocurrency onto their debit card, which is converted at purchase.
Despite their newness in the cryptocurrency market, there is already a wide range of crypto debit cards to consider. Many cards also offer rewards and perks, such as cash back, discounts. The benefits, fees, and other features of these cards vary, so you need to be careful while choosing.
Curious About What a Bitcoin Debit Card Is?
Most bitcoin debit cards are similar to prepaid cards. You can use them in person or online, just like any other credit card. Bitcoin debit cards can be deposited with cryptocurrency for virtual and in-store purchases at non-crypto merchants.
The merchant receives local currency when you enter or swipe your card to pay. Bitcoin debit cards can be used to withdraw money from ATMs.
As registered businesses offer all Bitcoin debit cards, you must provide your ID. It's not a credit check but an anti-money theft necessity. Every Bitcoin debit card provider can only sell cards in authorized areas.
How Do Crypto Debit Cards Work?
Crypto debit cards enable card users to utilize crypto as a currency, even though it's not practically one. Crypto debit cards are the prepaid cards that you may finance with a cryptocurrency wallet.
Your crypto debit card is linked to a wallet and not to a bank account. Depending on the card, this wallet may be linked to your crypto exchange assets or personal crypto wallets.
These debit cards convert crypto assets into legal currency at the point of sale or ATM withdrawal. When you use a crypto debit card, the merchant receives fiat currency, like the U.S. dollar.
If you finance your card with crypto assets, how those funds become dollars relies on the card. You may be able to keep your crypto until you make a purchase, or you may need to convert it. Debit card type affects which cryptocurrencies you can use to fund your card. The card either converts your cryptos into cash when you use it or requires you to pre-load it with a specific cryptocurrency.
Advantages & Disadvantages crypto debit cards
Ease of Use & Availability or accessibility
There are some crypto debit cards that can only be used in particular nations, like those of Europe or the United States. Consider getting the best crypto debit that works well in your region.
It's not like all crypto debit cards are compatible with other cryptocurrencies. Consider looking at the various types of cryptocurrency available, whether you are a beginner or an expert. Pick a good card that serves with the kinds of cryptos you want or have.
Fees & Rewards Offered
Most Crypto debit cards have fees involved in them, though not all. Monthly payments, foreign transaction fees, and ATM withdrawal fees are some kinds. You should choose a card with the lowest possible costs.
A few cryptocurrency debit cards provide benefits such as crypto cashback. These advantages can greatly boost your earning capacity, so simply look for credit cards that offer lavish cashback.
The best crypto debit is the one that allows you to earn crypto rewards and cashback rewards at a lower cost.
6 Best Crypto Debit Cards
There are multiple crypto debit cards available on the market, so it can be hard to decide which one is right for you. Let's have a look at our top picks below for the best crypto debit cards.
1. Crypto.com Visa Card
As one of the most popular debit cards on this list, Crypto.com VISA offers many benefits. A Crypto.com card supports a wide variety of cryptocurrencies. The card can also be loaded with fiat. It accepts 20 fiat currencies. That is why it adds to our best crypto debit card list.
The Crypto.com card's rewards system is its biggest perk. Free options don't offer as much cash back or product rebates. The Crypto.com debit card has multiple tiers so that you can choose the best one for you. Higher-tier debit card offer airport lounge access. However, for the best rewards, stake Crypto.com's CRO token.
You'll earn interest on your deposited cryptocurrencies, and get access to a suite of exclusive benefits and perks. So whether you're looking to use your cryptocurrencies for everyday spending or special occasions, the Crypto.com Visa Card is the ideal way to do it.
2. Coinbase Card
Coinbase Card is one of the most well-know crypto debit cards available and a new way to spend your crypto funds. It is a Visa debit card that can be used in any country within the European Economic Area (EEA). Allows you to spend your Bitcoin, Ethereum, Litecoin, and other cryptocurrencies anywhere Visa is accepted.
It's easy to use and it's a great way to get the most out of your coins. You can just use your bitcoins to pay for anything. There are no monthly fees, it allows you to spend your digital currency like regular cash.
You can use the card for online shopping, pay your bills, or withdraw cash from an ATM. Many cards also offer rewards and perks, such as cash back, discounts.
3. Wirex Visa card
The Wirex Visa Card allows users to operate both fiat and crypto accounts, as well as exchange crypto to fiat with no intermediaries. Users can earn cashback rewards when they spend or buy anything with the card.
Users can make payments using the Wirex platform's Wirex App and payment card, which accept both digital and traditional currencies. With Wirex, you can get the best of both worlds - the convenience of a Visa card and the security of a cryptocurrency wallet.
You can save up to 3% on overseas transactions by converting crypto to local currency immediately at merchant stores and ATMs.
4. Binance Visa Debit Card
Binance launched the card in 2020, which has already cemented its place in the cryptocurrency market. Because this is a Visa credit card, it can be used by over 60 merchants in over 200 countries worldwide.
The Binance Visa Debit Card is an innovative way to spend cryptocurrency. The card is linked to your Binance account and allows you to convert your cryptocurrency into fiat currency instantly.
It is valid for online purchases, in-store purchases, and ATM withdrawals. The Binance Debit Card is in beta and will be available to all users shortly.
5. Uphold Card
Crypto debit card are a prominent way to access your money without having to carry around cash or write checks. Uphold's desktop, and mobile trading platform offers "Anything-to-Anything" trading.
With Uphold, you can trade assets directly using a bank account, the cryptocurrency network, debit/credit card, and 0% trading commissions. You can use it for shopping and withdrawing cash. Plus, there are no fees for using your card – just pay as you go.
To get started, order your Uphold Debit Card online or through the mobile app. Then, activate your card and start using it right away. It's that easy! That is why we add it to the list of best crypto debit cards.
With 2 million users, they're global.
The BitPay Card is an excellent entry point into the crypto debit card lifestyle. Although this card lacks a reward system, it excels in most other aspects of these crypto cards.
When you make a transaction, the BitPay Debit Card connects to your BitPay non-custodial wallet or Coinbase to transfer funds. It supports Bitcoin, Ethereum, Dogecoin, and ten other crypto assets, making it a versatile option for spending your cryptocurrency at your own pace.
The BitPay Card is accepted in stores, online, and at millions of ATMs worldwide—anywhere Mastercard is accepted. You can also use the BitPay app to add funds, freeze your card, track transactions, and manage other digital wallet.
Yes! They are completely worth giving a shot. They are extremely useful because debit cards automatically convert crypto to dollars or other fiat currencies so that you can use them at the time of making purchases.
Most debit cards include enhanced security features such as two-factor verification, bio-metric scanning, and phone codes, making them secure. Cardholders can also pretty quickly freeze or remove their card, normally using an app.
Coinbase with all things considered, is the best option for a debit card. It is used everywhere Visa is accepted and has a high-security mechanism. The best debit card that offers the most adaptability and functionality among those that are presently accessible.
It covers as many as nine cryptos and can convert your desired cryptocurrency into your Coinbase wallet instantly. However, you can consider using other crypto debit cards as well, such as Bitpay, which is best for bitcoin holders, or easy to use Uphold card.
Yes, if you want to get crypto rewards on daily purchases, you also use a Coinbase account, and you prefer a debit card to a credit card.
Coinbase has no annual fee or foreign transaction fees. It charges 2.49 percent to convert crypto to dollars if you pay with crypto.
You can earn 1 percentage to 4 percent of the total back in your asset of selection with no fees (if you pay with USDC), making it an awesome choice for Coinbase users wanting to earn more digital assets.
Crypto debit cards operate in a variety of ways and depending on the type of card you require. One of these top 6 choices we picked for the best crypto debit cards may be suitable for you. However, with hundreds of brands offering crypto debit cards, it's critical that you do your homework, including understanding the regulations of each platform.
So, if you want to earn crypto rewards on every transaction, we suggest Crypto.com, which offers up to an 8% cashback reward on payments. You can also try Coinbase, which presents 4%, but there are application and maintenance fees.
Apply for an account today, or learn more about other crypto debit cards. If you're searching for a crypto credit card and aren't sure which one to get, check out our post on the best crypto credit cards. The link is given below.