The crypto marketis 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 also 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 the best crypto debit cards. 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?
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 debit card for yourself!
Costs and Fees
There are fees associated with many, but not all, Crypto debit cards. Monthly premiums, 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 9 Best Crypto Debit Cards
Here’s a list of the best cryptocurrency debit cards:
- Binance
- BitPay
- BlockCard
- BlockFi
- Coinbase
- Crypto.com
- Nuri
- Wirex
- Crypterium
Let us learn in detail about each of these crypto debit cards:
1. Binance
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
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
Supported currencies: 15
Transaction fees: Fees of $5 per month, ATM withdrawal fees of $3, and foreign transaction fees of $2.
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. BlockCard is also one of the best Bitcoin debit cards because it comes with minimal fees. Also, this card provides cashback rewards.
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
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
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
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
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
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.
9. Crypterium
Supported currencies: 6
Transaction Fees: $3.56 monthly maintenance fee and delivery of the physical plastic card is 14.99 Euros.
Crypterium offers both plastic and virtual debit cards that you can top off with your Crypterium wallet. With this card, you can convert your crypto tokens to fiat currency and buy goods and services at retail or online stores that accept VISA. Additionally, you can withdraw fiat from ATMs from this crypto debit card.
Crypterium can issue a virtual card within minutes. It is a vast network that processes more than 1 million transactions in a month and issues more than 30,000 cards.
What Makes it One of the Best Crypto Debit Cards?
- The Crypterium card is extremely safe as it supports 2-factor authentication, secret phase verification, 3D security, Touch ID, and instant lock/unlock
- It can connect with ApplePay
- The withdrawal limit per month is $2,976 and you can withdraw in over 200 countries.
- You can shop both offline and online in more than 42 million retailers.
Summary of the Top 8 Best Crypto Debit Cards
Here’s a quick recap of the best cryptocurrency debit cards:
| 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 |
| Crypterium | 6 | $3.56 monthly maintenance fees | The withdrawal limit per month is $2,976 and you can withdraw in over 200 countries. |
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?
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.
