Are you searching for the best crypto debit cards? If yes, then you are in the right place. The best crypto debit card charges a few fees and includes perks like cash back rewards and mobile apps.
The best crypto debit card also permits individuals to make online or in-person purchases or withdraw cash from ATMs using Bitcoin, even if the vendors and ATMs don’t accept cryptocurrency.
The Best Crypto Debit Cards
You can spend your cryptocurrencies on everyday goods and services with a crypto debit card. Up till now, with crypto regulation being something of a grey area, there are some obstacles to keep in mind.
For example, marketing crypto, even to use as a currency with a debit card, may activate a taxable event. Residents of the US need to be aware that most conversions and sales of cryptocurrencies are currently considered taxable events.
Nevertheless, there are numerous crypto debit cards to consider, below are some of them:
Block Card is one of the low-fee crypto debit cards. This card comes with minimal fees and doesn’t charge any deposit, exchange, or withdrawal fees.
There are a lot of benefits you will enjoy like a flat monthly fee, cashback rewards during purchases, and no transaction, exchange, or withdrawal fees.
These cards are founded by financial technology company Ternio. Users can purchase with their cryptocurrency of choice wherever Visa is accepted. The card offers some of the lowest pricing and their activation charge are $10 as well as a monthly administrative fee of just $5.
Cryto.com Visa Card
Crypto.com Visa card is a debit card that supports a wide range of cryptocurrencies. It also features support for 90 cryptocurrencies and over twenty fiat curries.
Crypto.com is one of the most popular (and affordable) $400 Ruby Steel cards that offer 2% back on every purchase, a 100% rebate on a yearly Spotify subscription, and no ATM withdrawal fees for up to $400 per month.
Crypto.com is another card that offers 1% to 8% back, rebates on more streaming services, and no ATM withdrawal fees.
How to Apply for Crypto Visa Card
You need to stake CRO tokens for 180 days to apply for a Crypto.com Visa Card.
To do so, follow the step here:
- First, sign up for a Crypto.com App account and complete the KYC verification.
- Next, purchase CRO tokens and deposit them into your Crypto Wallet in the App.
- If you buy CRO directly in the App, then no action is required. The amount of CRO depends on the card tier you’re applying for.
- Finally, go to the ‘Card’ tab in the App, select your desired Crypto.com Visa Card, tap the ‘Stake CRO’ button, and follow the on-screen instructions.
Now, all you need to do is wait for us to notify you when your card has shipped.
Coinbase Visa Card
Coinbase is one of the best choices for crypto debit cards. It can be used anywhere Visa is accepted and it also supports up to nine different cryptocurrencies and features robust security.
The Coinbase was developed in 2012 and its support for multiple currencies, easy currency conversion, and top-notch security is why it is classified as the best crypto debit card overall.
Your Crypto rewards have the potential to increase in value over time. The reward includes popular and upcoming assets like Bitcoin or the graph.
BitPay Debit Card
This is one of the crypto Card that allows you to spend your crypto like cash. It helps to convert crypto into dollars with zero fees using the BitPay prepaid debit card. The BitPay companion app makes it easy to freeze your card if you’ve lost it or pay without it if you left it at home.
While offering such apps is becoming standard, not all allow for as much functionality as the BitPay app. With the app, you can view your balance, request a new PIN, and reload instantly. The card has higher transaction ad balance limits than other cryptocurrency cards.
Binance.com Visa Card
Binance Visa Card is a debit card. Binance Card enables real-time conversion of cryptocurrency to EUR currency when you make your transaction. EUR can also be spent directly from your Funding Wallet.
The Binance offers the lowest fees in the market, no card issuing fees, no sign-up fees, no annual fees, and all your cashback from eligible purchases is automatically deposited in your funding wallet so you only need to worry about spending your crypto.
BlockFi Visa Card
Every crypto debit card has its nuances when it comes to cashback and how cardholders can receive these rewards. BlockFi breaks with some of its competitors by allowing cardholders to select which crypto they would like to use when receiving their cashback rewards.
You can apply for the BlockFi credit card on Tuesday, and got it 2 days later via FedEx. That’s the fastest #creditcard delivery I’ve ever experienced. The rewards rate increases from 1.5% to 2% after $50,000 of spend has been achieved and resets on the card anniversary date every year.
3.5% is an introductory offer that spans the first 90 days of card ownership, beginning on the day of card activation. The introductory offer is capped at 100 dollars in any eligible crypto asset and will payout in the fourth month of card ownership.
Applying for Crypto Debit Cards
The application is very easy and simple after you have decided which crypto debit card works best for you. All you need to do is for you to apply for the card.
The listed crypto debit card has a way to apply and how you can access them through their page. Once you get the card, you can now:
Creating a Bitcoin wallet
Buying Bitcoin from a reputable exchange
Connecting the card to a wallet
Funding the card
Using the card to make purchases
Some cards require users to validate their identity before being approved. Others require users to purchase a card or make an investment in the card’s native currency. You can transfer Bitcoin from the debit card to fiat currency via an exchange or Bitcoin ATM.
How The Crypto Debit Cards Work
These debit cards work by selling some of those crypto assets for you and converting them into a legal currency at the point of transaction or ATM withdrawal.
In short, the card either sells some of your cryptos and converts them into cash when you use it, or it requires you to keep it pre-loaded with a specific cryptocurrency.