In the real world, spending your Bitcoin or Ethereum holdings is undoubtedly a novelty, as only a few websites and stores accept digital currencies at the moment. With more people interested in using these digital currencies for their shopping needs, the concept of crypto debit cards has been introduced. As the name indicates, these cards are designed to help people in spending their digital assets at locations where they are accepted. Every time you use the crypto debit card, the money will be deducted from your wallet balance and converted into the currency supported by the merchant.
Since crypto debit cards allow users to switch between currencies, offer security and reduce costs, they have become quite popular. Some of the best crypto debit cards you can consider are:
com VISA card (Best for Rewards)
Not only does it offer a VISA card that enables you to earn cryptocurrency for every purchase, Crypto.com is also a full-featured crypto exchange. Its app can be used for buying and selling dozens of digital assets and the fee charged on the platform is a lot lower than its competitors. In addition, you will also be able to earn interest on your cryptocurrencies by keeping them in interest-bearing accounts on the exchange.
The VISA card by Crypto.com allows you to earn between 1% and 8% crypto on the purchases you make with the card. Some other perks are also available, such as rebates on Netflix, Spotify, Amazon Prime, and airport lounge access. You can get all the benefits if you go with the Obsidian card that requires you to stake around $400,000 CRO tokens on the exchange. There are other options as well, such as the midnight blue card that’s available for free, or the Ruby Red card that requires you to stake tokens worth $400. The latter offers a Spotify rebate and 3% crypto-back.
Cryptopay Debit Card (Best for Daily Use)
There are two card options provided by Cryptopay for people who want maximum daily use. There is a plastic card that can be used at Visa-accepted locations for sending your cryptocurrencies or making effortless ATM withdrawals. The second option is basically a virtual card that can be used for big purchases or online shopping. People can spend as much as ₤30,000 per transaction in the form of cryptocurrencies.
This card also provides overdraft protection, so you don’t need to worry about any unwanted overdraft fees. The robust system makes it very easy for people to convert their cryptocurrencies into the fiat currencies supported, which are British pounds, US dollars, and euros. You can also use your card statement for tracking your deposits, payments, withdrawals, and online transactions within your wallet.
Binance Debit Card (Best for Zero Administrative Costs)
One of the top reasons the Binance Card has become so popular is that it does everything you do with a regular payment card and without incurring any charges. You don’t have to incur any administrative or processing fee, whatsoever. Only third-party fees is applicable. You can hold all kinds of assets in your Binance exchange and card wallet only when you have to make payments.
You can enjoy up to 8% cashback on all purchases made via your Binance Visa card. The highest security standards are used for protecting your funds. You can use the Binance card app for managing everything, such as enabling security, managing your funds, and spending.
CoinZoom Visa Card (Best for Fiat Conversion)
Another excellent option to explore when it comes to crypto debit cards is the CoinZoom Visa Card because it can be used for converting cryptocurrency into fiat almost right away. You can spend your cryptocurrencies on any retail location, which accepts PIN payments or contactless, chip payments from VISA. Other than the Select card option, you can also choose from Gold, Preferred, Black VIP, and Platinum levels, depending on the ZOOM tokens you have. As you scale different levels, the maker and taker fees decline. You can also perform instant peer-to-peer crypto and fiat money transfers via CoinZoom. Fiat money can easily be sent to family and friends anywhere in the world through ZoomMe.
The BitPay MasterCard, Coinbase debit card, Nexo debit card, and BlockCard Visa debit card are some other options to check out.