Crypto debit cards are helping drive the mass adoption of digital tokens. These cards allow people to spend tokens straight from their wallets. Technically, users donít spend the tokens directly; the coins are converted into fiat currency at the point of purchase. Nonetheless, crypto debit cards are an innovative tool, and this article will show you the best ones to choose from. They include
- CryptoWallet Card
CryptoWallet is a popular cryptocurrency wallet app. Itís launching a debit card to enable users spend the tokens in their wallet. This card will support over 800 tokens at the start and let you purchase stuff at any merchant accepting debit cards. Itís expected to launch in the fourth quarter of 2023.†
Crypto.com is a popular cryptocurrency exchange. It offers a card hosted on the Visa network for its users. With this card, people can seamlessly spend the tokens in their Crypto.com wallets.
This company offers different tiers of cards with different requirements. Any user can get the basic Midnight Blue tier, but it has no cashback or perks.
The next tier is Ruby Steel, which requires staking at least $400 of CRO, Crypto.comís native token, for six months. It comes with 1% cashback but a monthly reward cap of $25.
The next package is the Royal Indigo or Jade Green, with 2% cashback and a monthly reward limit of $50. This one requires staking at least $4,000 in CRO tokens.
The next tier is Frosted Rose Gold or Icy White, with 3% cashback and no monthly reward limit. You need to stake at least $40,000 in CRO tokens to get it.
The highest tier is Obsidian, which requires staking at least $400,000 of CRO coins. It comes with 5% cashback and other perks like airport lounge access.
These cards are available to users across the USA, Canada, Asia, and Europe.
Coinbase is the most popular cryptocurrency exchange in the USA. It offers a Visa-based debit card for users to spend the tokens in their Coinbase wallets. You can use it to shop at any physical or online store that accepts Visa cards.
This card has no annual fees. Thereís also no fee for day-to-day transactions with the US dollar or USDC, a dollar-pegged stablecoin. You can fund your card by buying tokens on the Coinbase exchange and depositing them into your wallet.†
Coinbase gives cashback rewards for everyday purchases. The rewards are paid in digital tokens, including USDC, DAI, ALGO, ETH, etc. Itís only available in the USA (except Hawaii).
Nexo is a well-known cryptocurrency exchange offering a crypto debit card to its customers. You can enjoy up to 9% cashback on everyday purchases. You can pay for goods denominated in USD, Euros, or British Pounds, and the equivalent amount of tokens will be automatically deducted from your Nexo account.†
Nexo pays rewards in fiat or currencies. The former has a 7% reward limit, while the latter goes up to 9%.
Nexo is unique for being one of the few crypto platforms offering a credit card. You can switch between debit and credit mode from the app (if you want that option).
This card is available to people residing within the European Economic Area (EEA).†
Wirex is a prominent cryptocurrency management app. It offers a debit card for users to spend the tokens in their Wirex wallets. This card provides up to 8% cashback on your purchases paid in cryptocurrency. You can order the card for free and manage it with the Wirex app.
Wirex has solid security features. You can set up two-factor authentication and receive a unique token to confirm every transaction. You can also instantly freeze your card if you notice something suspicious.†
Wirex provides both physical and virtual cards to users.†
The Uphold Card is available to residents of the UK. It allows users to spend the coins in their Uphold wallets and get up to 4% cashback, capped at 100 pounds monthly. Unlike most other cards, this one has no foreign transaction or annual fees. However, youíll pay £2.50 for domestic ATM withdrawals and £3.50 for foreign withdrawals.†
You can track your spending in real time via the Uphold app. You can also instantly freeze your card from the app if you suspect something isnít right.
We have listed the best crypto debit cards that you can choose from. These cards make it easy to be a cryptocurrency enthusiast, as you donít need to frequently convert tokens into fiat for everyday purchases. You can just have a crypto wallet and spend tokens everywhere you go.†
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