For those looking for a way to buy and store their crypto, the best crypto wallet with debit card is the answer. In this blog post, we will discuss the best crypto wallets that can be loaded with crypto using a debit/credit card as a payment method. Plus, the wallets whose provider also offers crypto debit cards. We will also define the related terminologies and give you some tips on how to keep your wallet safe. So, if you are looking for an upgraded storage solution, read on for our top picks!
What is a Crypto Wallet?
A crypto wallet stores the private keys for crypto transactions and keeps your crypto secure and easy to access. It also lets you send, receive, and spend bitcoin and other cryptocurrencies. Read for the best crypto wallet with debit card.
They are available in a variety of forms, from hardware wallets like Ledger that resemble a USB stick to mobile apps like Coinbase Wallet. They all help using cryptos as simple as online shopping with a credit or debit card.
What is a Crypto Wallet with Debit Card?
A crypto wallet with debit card is one that is linked to a debit card. This means you can spend the funds in your crypto wallet with your debit card.
What are Crypto Credit and Debit Cards?
Crypto credit and debit cards are physical cards that you can use to spend your crypto holdings. These cards work in a similar way to traditional debit and credit cards, but instead of being linked to a bank account, they are linked to your crypto wallet.
Crypto Credit Cards
Crypto credit cards are just like regular credit cards. A crypto credit card work by giving rewards as you make purchases. Customers can earn rewards in the form of crypto. These cards work by converting crypto to fiat which can then be used to make purchases anywhere that accepts credit cards.
Read the in-depth review for the best crypto credit cards.
Crypto Debit Cards
Crypto debit cards work similarly, they allow users to spend their crypto holdings. These cards can be used anywhere that accepts major credit cards, making them a convenient way to use digital assets in the real world.
To use a card, users first need to load it with crypto from their wallet. Once the card is loaded, it can be used to make purchases or withdraw cash from an ATM. There are many debit cards available, including ones from Coinbase and Crypto.com.
Read in-depth reviews for the best crypto debit cards.
5 Best Crypto Wallets with Debit Card
Yes, some platforms offer crypto wallets that come with a debit card. Below are the best crypto wallets with debit cards you can use in 2022. Each wallet and debit card has its own features and benefits, so choose the one that best suits your needs.
Coinbase Wallet is the most secure and best crypto wallet with debit card. It is backed by a well-known exchange. The app enables you to connect to most major bank accounts. It has a simple three-tab layout and clear functions.
Supports more than 45,000 digital assets.
Multi-signature and 2FA support.
Reliable trading platform that can recover stolen or lost assets.
Similar security issues and flaws as other types of hot storage. Only mobile and tablet devices are supported.
Coinbase exchange and wallet are different. The Coinbase exchange is among the most oldest and famous in the US. Holding digital assets on the exchange's web wallet makes trading easier. Coinbase Wallet can store Bitcoin, Dogecoin, and Ripple, as well as all ERC-20 tokens. for a total of more than 45,000 digital assets.
The Coinbase wallet is non-custodial, so the private key is stored on your device, not on Coinbase's servers. It means you don't have to worry about your currencies being frozen for any reason or being affected by hacking attacks.
You can fund your Coinbase Wallet with a credit or debit card and start collecting NFTs with a few clicks in over 90 countries.
Coinbase offers crypto debit cards as a new way to spend your crypto funds. It's a Visa debit card usable in EEA countries. Use Bitcoin, Ethereum, Litecoin, and other cryptos anywhere Visa is accepted. You can pay with cryptocurrencies in your wallet. You can shop online, pay bills, or withdraw cash with the card.
To get started, you will need to create a Coinbase account and link your wallet. After that, you can order your Coinbase Card.
Binance acquired Trust Wallet in 2018. and since it is the best crypto wallet with debit card today. The wallet is "non-custodial," which means it doesn't keep your private keys. The user is fully liable for keeping them safe.
Multiple cryptos are supported
SegWit, Bech32 support
Exchange functionality is built-in.
A trusted name
Customer service is average.
Not suitable for beginners
It supports more than 40 blockchains, so it can store over 160,000 coins and tokens.Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Dash, ICON, Litecoin, TRON, and VeChain, are among the coins included.
The chain wallet now includes platform and hardware integrations, as well as cold storage. If you're into NFTs and decentralized apps, Trust Wallet is a fantastic choice for your mobile device.
The wallet also includes a Web3 browser, which allows using dApps and blockchain games from the app. This feature makes buying NFTs easy because users can look, buy, and store tokens without leaving the app.
You can buy various crypto assets with a debit card on trust wallet, such as Bitcoin for $50-20,000 with a credit card/debit card, securely, within the Trust Wallet app.
Binance visa card
Binance launched the card in 2020, and it's already a market mainstay. Visa credit cards can be used at over 60 merchants in 200 countries. The Binance card lets you convert crypto to fiat instantly. The card allows for online, in-store, and ATM purchases.
Wirex is a payment platform that allows people to use both traditional and digital currency in one spot. Wirex provides a cross-chain custodial wallet.
Manage multiple currencies smoothly.
Spend crypto wherever debit cards are accepted
Double-digit interest on holding digital assets
Regulatory changes can influence the usability of crypto debit cards.
Identity verification is required.
Users need to trust Wirex with their wallet private keys and funds, which experienced crypto users avoid. Yet, it is the best crypto wallet with debit card as it is protected by "multi-signature" technology which makes sure that only the user can access their funds.
The wallet supports multiple currencies that let users manage their holdings easily. Moreover, users interested in exploring decentralized applications can use Wirex Wallet.
Wirex Wallet is separate from the Wirex app, so wallet users cannot access the platform's other services. To create an account with Wirex, all users must go through an ID verification process. It means users can't use crypto anonymously. There are no account opening fees, so you can create a crypto wallet for free.
Wirex lets you link a local bank card to buy crypto and top-up accounts. A "local card" is one issued by a banking institution other than Wirex. "Linked card" is a local card linked to your Wirex account. Remember that verification is required before linking a card.
Wirex debit card
The Wirex Visa Card enables consumers to spend digital and fiat currency and get 2% cashback in cryptos. When using the card, users earn cashback rewards. With Wirex, you can enjoy the functionality of a Visa card as well as the security of a crypto wallet.
Crypto.com DeFi Wallet is another wallet developed by a popular crypto exchange. It also provides crypto cards, an NFT marketplace, and much more. Thus, it makes is the best crypto wallet with debit card. The wallet is designed especially for use in the decentralized finance sector. More than 250 crypto assets are supported by the wallet.
A secure & non-custodial wallet
Directly stake CRO and ATOM from the wallet
A user-friendly wallet to seamlessly transfer crypto assets
Wide range of features and services
It is a hot wallet, so it's vulnerable to hacking.
Supports fewer cryptos than Trust or coinbase wallet.
Crypto.com DeFi Wallet users can interact with DeFi products on their mobile app and browser extension. It also includes a desktop app that works with Ledger hardware wallets.
The availability of two-factor authentication may be of interest to some security-conscious users. Many competing companies, however, do not have 2FA, claiming that it increases the risk of losing your crypto.
To buy CRO or another cryptocurrency in the Crypto.com wallet app with a credit/debit card, tap Buy and choose your preferred cryptos. On the following screen, enter your credit/debit card information to create a secure link to the payment gateway.
Crypto.com debit card
Crypto.com cards support many cryptos. It is a great way to use your crypto holdings for everyday purchases. You can also add cash to the card. The Crypto.com debit card has multiple tiers to choose from. You'll earn interest on deposited cryptos and get perks. The Crypto.com Visa Card can be used for everyday or special purchases.
BitPay also offers the best crypto wallet with debit card. It allows you to manage and exchange crypto while having complete control over it. BitPay allows you to create multiple wallets, transfer your funds, as well as experiment with test net coins, and much more.
Full control of your crypto funds
Open-source and non-custodial
Multi-sig and key encryption and Biometrics
Multi-factor wallets split payment authorization around up to 12 devices or co-payers.
Fewer crypto are supported
Key encryption and multi-sig will keep your funds safe, and Payment Protocol will keep your shopping secure. You can pay your friends and convert your crypto assets into dollars by using their card/gift cards. If your favourite store doesn't accept crypto, use the BitPay app to buy store credits and then spend.
Since the BitPay wallet is non-custodial and open-source, no one can access your assets; even BitPay cannot hold your money. Boost security with biometrics, PINs, and private key encryption.
On Bitpay, you can purchase 40+ cryptos using a credit card, debit card, or Apple Pay. BitPay collaborates with Simplex and Wyre to provide the best possible price. There are no hidden costs or excessive markups.
Bitpay debit card
BitPay Card is a great crypto debit card. Load your BitPay Card from the BitPay app and use it to make purchases online or in-store. Apple Pay and Google Pay allow you to make contactless payments. You can use the app to buy gift cards for Walmart and more of your other favourite brands. Get cash back rewards on your purchases.
Benefits of Crypto Wallet with Debit Card
Debit cards linked to crypto wallets offer several benefits for users. Here are some reasons to consider using the best crypto wallet with debit card:
The main benefit of using a crypto debit card is that it gives you the ability to use your crypto in day-to-day transactions, without having to convert it into another currency first. This can save you time and money, as well as give you the convenience of being able to use your crypto funds as fiat currency.
Another benefit of using a crypto debit card is that it can help you to budget your spending. When you have a physical card, it is much easier to keep track of your expenditure. This can be a valuable tool, especially if you are new and are not yet sure of the value of different coins.
Moreover, using a crypto debit card can also help to protect your identity. When you use a crypto debit card, your personal details are stored on the blockchain, which is a much more secure way of storing data.
Also, read our detailed article on Best Anonymous Bitcoin Wallets of 2022 if you want to enjoy your crypto anonymously, securely, and free of government regulations.
Overall, a debit card may be the best option for you if you want a convenient, safe, and quick way to access and enjoy your bitcoins or other cryptos.
Crypto Wallet Types
There are two types of cryptocurrency wallets: hot wallets and cold wallets. The primary distinction between the two is that hot wallets are accessible online while cold wallets are offline.
Hot wallets are more often preferred as they offer high functionality and can be accessed from any place that has an internet connection. Furthermore, if you lose the private key, it is fairly easy to recover access than with cold wallets.
How to set up your crypto wallet
For hot wallets follow the simple steps:
Download: Check the software's legitimacy before downloading any wallet. It's important to verify a wallet's company. Moreover, verify that you're on the right website for web wallets and that it's not a scam page.
Now Set up: Set up your account and security. While using a non-custodial wallet, you'll receive your private key, a random 12 to 24-word string. Without these, you can't access your crypto. During or after setup, you can enable 2FA and biometrics. Custodial wallets require a Know-Your-Customer (KYC) identity verification process.
Fund your wallet: Not all non-custodial wallets allow you to buy crypto with fiat money directly. You may have to transfer your crypto from somewhere else. Whereas, some custodial wallets may require a credit or debit card before you can buy crypto.
How to set up a crypto wallet with traditional debit card
If you want to use your debit card to buy crypto, you'll need to link your crypto wallet to your card. This can be done by adding your card as a payment method. Once you've linked your card, you'll be able to use it to make purchases. To learn how to link your crypto wallet to your debit card, follow the steps below.
Sign in to your crypto wallet and go to the payments section.
Click on the "Add Payment Method" button.
Select "Debit Card" as the payment method.
Enter your card information and click "Add Card."
You will now be able to use your debit card to make purchases.
How to set up a crypto wallet with a crypto debit card
You can use a crypto debit card to spend your cryptocurrencies. Here is a step-by-step guide on how to set up a crypto wallet with a crypto debit card:
Choose a wallet: If you want the most secure option, consider a hardware wallet. If you are looking for a wallet that is easy to use, consider mobile or web-based wallet.
Set up your wallet: Once you have chosen a wallet, follow the above instructions on how to set it up.
Deposit cryptos into your wallet: After set up, you will need to deposit the crypto that you want to spend. This can be done by transferring the coins from another wallet or by purchasing them from a crypto exchange.
Get a crypto debit card: Choose the best crypto debit cards among all available based on the features, fees and benefits. Once you have chosen a card, you will need to link it to your wallet.
Spend your crypto: You can use your crypto debit card to spend your cryptocurrencies anywhere that accepts Visa or Mastercard. You can also use it for ATM withdrawals.
Tips for keeping your crypto wallet safe
Be careful regardless of where you choose to store your crypto and private keys.
It is advised to use password managers and to avoid using the same password across multiple accounts.
Once you choose a wallet service, its software will usually give you a unique seed phrase, which is 12 to 24 random words that you can use to get back into your crypto wallet. Your seed phrase should be kept offline and private.
Along with security precautions, you should not believe any external source social or text messages promising double returns on your cryptos or making reference to your crypto wallet.
Finally, if someone offers to install remote screen viewing software on your laptop, you should recognise it as an extra warning.
Can I use a debit card for crypto?
Yes, you can use your debit card to purchase crypto assets. Find a reliable exchange that lets you do crypto trading such as Kraken or Coinbase. If you use your debit card to buy cryptocurrency, you will likely have to pay a fee. You can also use a platform like eToro, which enables you to add crypto purchases to a larger investment portfolio and pay with a debit card.
Who has the best crypto debit card?
Some factors you may want to consider include fees, limits, and whether or not the card supports your home currency. One worth considering option is the Coinbase Card, which is available for customers in most the US states and many countries around the world. The card has low fees, and you can use it to spend your crypto funds. Additionally, the card supports a wide range of coins. Another option to consider is the BitPay Card.
What is a Bitcoin Debit Card?
Bitcoin debit cards are also known as crypto debit cards and function similarly to prepaid debit cards. They can be loaded with cryptos and used to make online and in-store purchases from merchants who do not accept bitcoin. The card converts your bitcoins automatically into the fiat currency of your choice. Then you can use your bitcoin debit card anywhere.
How do I get a Bitcoin Debit Card?
You need to have a bitcoin wallet with the card provider to get a bitcoin debit card. You can choose a company like Crypto.com, Binance or Bitpay and open an account with them. Then you buy a card from them.
A crypto debit card is a physical or virtual debit card that is linked to your cryptocurrency wallet. The card can be used to convert your cryptos into fiat currencies and spend them at merchants who accept Visa or Mastercard. Crypto debit cards have various fees and limits, so it's important to compare debit card options before selecting one.
All the wallets mentioned above can be loaded with a debit/credit card. Choose the one that best suits your needs. Also, remember to take security precautions when storing your private keys and seed phrase.
Read more: 6 Best crypto credit cards