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Top 8 Best Crypto Debit Cards

Published
April 5, 2022
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    The crypto market is a volatile market yet the number of people dealing with it is only increasing exponentially. Every big name in the crypto space, from Coinbase to Binance, is offering crypto credit cards and debit cards. The number of users of these debit cards is increasing day by day!

    And why shouldn’t they? With these crypto debit cards, you can use your cryptocurrency in places that do not usually accept them and also earn rewards, cashback, and other perks!

    This article will give you a clear idea of everything you need to know about cryptocurrency debit cards in 2022. Let’s get down to it!

    Crypto Debit Card

    You can use crypto debit cards to conduct online or offline transactions, as well as withdraw cash from ATMs, even if the merchants and ATMs don't accept bitcoin. Rather than trading Bitcoins for local currency, cardholders load a predetermined amount of cryptocurrency onto their debit card, which is then immediately converted at the moment of purchase.

    Pros of Crypto Debit Card

    • Spend cryptocurrencies in places that don't usually accept it
    • Strong security features to keep your account safe
    • Many cards accept a variety of currencies
    • The ability to receive cashback benefits for purchases

    Cons of Crypto Debit Card

    • Many credit cards have fees attached to them.
    • Because of its high volatility, Bitcoin is less reliable than fiat money
    • Not all Crypto debit cards are accepted everywhere

    How to Choose the Best Crypto Debit Card in 2022?

    With a plethora of cryptocurrency debit cards available nowadays, it is crucial to choose the one that is most suitable for you. Here are a few parameters to look for when choosing the best card debit card for yourself!

    Costs and Fees

    There are fees associated with many, but not all, Crypto debit cards. Monthly premium, foreign transactions, and ATM withdrawal costs are examples of these. 

    You should opt for a card with the fewest potential costs.

    Rewards and Cashbacks

    Some crypto debit cards offer perks such as cryptocurrency cashback. These benefits can significantly increase your earning potential, so look for cards that provide generous cashback.

    Supported Currency

    Not all crypto debit cards accept other currencies. You should choose a card that supports the type of cryptocurrency that you like or already own.

    Access

    Some crypto debit cards are only available in select parts of the world, such as the European Union or the United States. Look for a debit card that is accepted in your area.

    Other Benefits

    Additional benefits are a pleasant surprise for crypto debit cards. Basic advantages like reduced ATM costs and innovative ones like free Spotify memberships are examples of these.

    Top 8 Best Crypto Debit Cards of 2022

    Here’s a list of the best cryptocurrency debit cards of 2022:

    1. Binance
    2. BitPay
    3. BlockCard
    4. BlockFi
    5. Coinbase
    6. Crypto.com
    7. Nuri
    8. Wirex

    Let us learn in detail about each of these crypto debit cards:

    1. Binance

    binance debit card

    Supported currencies: 30

    Transaction fees: 0.9%

    Binance was founded in 2017 and within a year has risen to become the world's largest cryptocurrency exchange by volume.

    The Binance Visa Card has no registration or monthly charges, with a transaction cost of up to 0.9 percent for payments and withdrawals. It's worth noting that ATMs may levy a surcharge. Bitcoin and Ethereum are among the 30 cryptocurrencies supported by the card.

    The Binance crypto debit card accepts Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Binance USD (BUSD), the company's own stablecoin as well as Swipe's SXP token.

    What Makes it One of the Best Crypto Debit Cards?

    The Binance cryptocurrency debit card offers an excellent 8% cashback rate.

    However, there’s a catch! You'll need at least 6,000 BNB in your Binance Wallet to get the entire 8% cashback return on your purchases.

    2. BitPay

    BitPay

    Supported currencies: 7

    Transaction fees: 3% foreign transaction fees and $2.50 on ATM withdrawals

    BitPay is a payment processor that allows merchants to accept Bitcoin as a mode of payment. It was established in 2011 by Stephen Pair and Tony Gallipi.

    The BitPay Card is a prepaid Mastercard that allows you to convert cryptocurrencies to fiat money instantaneously. The currency is subsequently deposited into the card, which may then be used everywhere that Mastercard debit cards are accepted.

    What Makes it One of the Best Crypto Debit Cards?

    If you are a cryptocurrency user in the United States, BitPay is one of the best crypto debit cards for you. The BitPay card has no domestic exchange costs and can be used anywhere MasterCard is accepted in the United States.

    3. BlockCard

    BlockCard

    Supported currencies: 15

    Transaction fees: Fees of $5 per month, ATM withdrawal fees of $3, and foreign transaction fees of $2.

    BlockCard, developed by Ternio, allows cardholders to use their preferred cryptocurrency to make transactions anywhere Visa is accepted. It has no deposit, exchange, or withdrawal fees and a fixed account administration cost, making it the best low-fee crypto debit card.

    What Makes it One of the Best Crypto Debit Cards?

    BlockCard keeps its promise and charges no fees for bitcoin transactions. You won't be charged a penny whether you're sending cryptocurrency, exchanging it for fiat currency, or making a deposit. 

    4. BlockFi

    BlockFi

    Supported currencies: 1

    Transaction fees: No annual fee and no transaction fee

    BlockFi, a cryptocurrency asset management firm, issued the first Visa Bitcoin credit card in July 2021. The BlockFi Bitcoin Rewards Card will provide you with limitless 1.5 percent cash back on transactions every month, which will be instantly converted to bitcoin and deposited into your BlockFi account. 

    Additionally, you can get 3.5 percent back in Bitcoin for the first three months, and 2 percent back in Bitcoin on every transaction over $50,000 in annual expenditure.

    What Makes it One of the Best Crypto Debit Cards?

    If you are seeking a Bitcoin credit card with a large cashback program, you should consider BlockFi, one of the best cryptocurrency debit cards. The card offers a flat 1.5 percent cash back rate, with an additional 3.5 percent in the first three months.

    5. Coinbase

    Coinbase

    Supported currencies: 9

    Transaction fees: Liquidation fees for cryptocurrencies are 2.49 percent

    Coinbase, the largest crypto cryptocurrency exchange in the United States, has launched a debit card that allows customers to spend crypto and receive incentives. This innovative debit card is one of the first of its kind, allowing you to spend your coins like cash without the headache that typically comes with it.

    What Makes it One of the Best Crypto Debit Cards?

    In addition to being able to spend your crypto balance like cash, the new Coinbase crypto debit card includes the following features:

    • A mobile application that allows you to keep track of your balance and expenditures
    • On every purchase, you can get up to 4% back
    • Two-step verification, rapid card freeze, and more features ensure that your bitcoin balance is safe
    • Payments made without using a credit card
    • 9 cryptocurrencies are supported, including ETH, BTC, and LTC

    6. Crypto.com

    Crypto.com

    Supported currencies: 90

    Transaction fees: Zero annual fees

    A Crypto.com card is a terrific alternative if you're looking for a card that supports a wide selection of cryptocurrencies. It supports over twenty fiat currencies as well as 90 cryptocurrencies. This is why it is listed as one of the best crypto debit cards.

    And that’s not it! Cardholders with the Crypto.com Rewards Visa card can receive cashback as CRO Rewards. Crypto.com's cryptocurrency tokens, CRO, can be exchanged for other crypto coins or fiat currency on the Crypto.com platform itself.

    What Makes it One of the Best Crypto Debit Cards?

    Crypto.com offers seven distinct metal Visa debit cards that allow cardholders to purchase over 90 cryptocurrencies and more than 20 fiat currencies wherever a Visa card is accepted.

    7. Nuri

    Nuri

    Supported currencies: 2

    Transaction fees: Zero

    Nuri, a crypto banking service that allows European individuals to purchase and sell cryptocurrencies using their bank accounts, was founded in 2015 and is now exclusively available in the EU. Nuri provides a VISA card, which can be used at any VISA-accepting merchant. This is an obvious benefit, given that VISA is the most globally recognized credit card in the world.3

    What Makes it One of the Best Crypto Debit Cards?

    Nuri is a good option for clients seeking a Bitcoin debit card with no fees. There are no registration, annual, or withdrawal fees with this card.

    8. Wirex

    Wirex

    Supported currencies: More than 150 traditional as well as fiat currencies

    Transaction fees: 1% for funding accounts

    Wirex is a cutting-edge application and payment card that enables users to transfer, receive, swap, and spend a variety of digital and traditional currencies with ease.

    In Europe, a few Asian and Pacific countries, and the United States, the Wirex card supports more than 150 traditional and fiat currencies, as well as roughly a dozen fiat currencies. Card users pay no issuance, monthly, or withdrawal fees, and just a 1% fee to deposit accounts with cryptocurrency.

    What Makes it One of the Best Crypto Debit Cards?

    Cardholders of Wirex can take advantage of a variety of consumer benefits. Cashback of about 2%, no-cost ATM withdrawals, and the chance to earn interest on fiat, ETH, and BTC are just a few of the benefits.

    Summary of the Top 8 Best Crypto Debit Cards of 2022

    Here’s a quick recap of the best cryptocurrency debit cards of 2022:

    Crypto Debit Card Supported Crypto Transaction Fees Best Feature
    Binance 30 0.9% Offers an excellent 8% cashback rate
    BitPay 7 3% foreign transaction fees and $2.50 on ATM withdrawals No foreign exchange costs and can be used anywhere MasterCard is accepted
    BlockCard 15 Fees of $5 per month, ATM withdrawal fees of $3, and foreign transaction fees of $2 Charges no fees for bitcoin transactions
    BlockFi 1 No annual fee and no transaction fee Offers a flat 1.5 percent cashback rate, with an additional 3.5 percent in the first three months
    Coinbase 9 Liquidation fees for cryptocurrencies are 2.49% A mobile app, 4% cashback, can be used without a credit card
    Crypto.com 90 No annual fees Over 90 cryptocurrencies and more than 20 fiat currencies wherever a Visa card is accepted
    Nuri 2 No annual fees No registration, annual, or withdrawal fees with this card
    Wirex 150 1% for funding accounts Cashback of up to 2%, free ATM withdrawals, and the possibility to collect interest on fiat, BTC, and ETH

    The Bottom Line

    And that was all about crypto debit cards!

    So if you're looking for a debit card to earn crypto rewards on every transaction, we recommend Crypto.com, which offers up to 8% cashback on payments. You can also try out Coinbase as it offers 4%, however, there are application and maintenance fees. Different cards will fit different people, depending on what they prioritize. 

    ZenLedger can help you easily calculate your crypto taxes, and also find opportunities for you to save money and trade smarter. Get started for free now or learn more about our tax professional prepared plans!

    Best Crypto Debit Card FAQs

    1. Should I get a crypto card?

    Crypto debit cards let you convert cryptocurrency to fiat at merchant outlets and ATMs where Visa and MasterCard are accepted.
    Thus, they are ideal for regular users. You can now pay for products and services using crypto even if the merchants and ATMs don't accept bitcoin.

    2. What are the best debit cards that allow purchases?

    Here’s a list of the best cryptocurrency debit cards:
  1. Binance
  2. BitPay
  3. BlockCard
  4. BlockFi
  5. Coinbase
  6. Crypto.com
  7. Nuri
  8. Wirex
  9. 3. Is Crypto.com debit card worth it?

    A Crypto.com card is a terrific alternative if you're looking for a card that supports a wide selection of cryptocurrencies. It supports over twenty fiat currencies as well as 90 cryptocurrencies. This is why it is listed as one of the best crypto debit cards.
    Get Started Now

    Simplifying DeFi, NFT, and Crypto Taxes for Investors and Tax Professionals

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