The Crypto industry has been robust and dynamic. The growth it has achieved in the last decade has been unparallel compared to other industries at the nascent stage of development. While many projects have tried to change the DeFi sector on its head, crypto projects have excelled in adapting traditional finance products into the decentralized world of finance. Credit cards and Debit cards have been one of those products, and what makes them famous is the ease they provide users to convert their crypto into fiat. While a lot of companies have now started offering these card services to users, here is a list of a few of them that stand out
The Crypto.com card powered by Visa is one of the best debit cards that makes this list for 2022. It is the world’s first free, crypto-linked, and metal debit card. The card attracts no fees and has a transparent, straight top-up model, which makes it user-friendly and simpler to load Bitcoin and other cryptocurrencies. Once the currency is loaded, the card is ready to be used at any place where Visa is accepted. The cardholders also receive reimbursements from subscription services like Netflix, Amazon Prime, and Spotify. Crypto.com also provides access to airport lounges just like the fiat Debit cards do.
As Coinbase is one of the most critical exchanges in this world, a card provided by it becomes the best card for its users. Again, being powered by Visa, the card makes converting crypto to fiat across the Visa network and point of sales easier. Crypto rewards are also pretty good, with cardholders receiving cryptos at a 1% rate for Bitcoin and around 4% for altcoins like XLM. Substantial transaction fees represent the one downside to this particular Bitcoin debit card. The liquidation fee for cryptocurrency is close to 2.5%, while the international transaction fee on this card is at 2%. Theirs is also a spending limit of $2,500 and a withdrawal limit of $1,000, and if these limits are breached, there is a 1% penalty
A Bitcoin debit card accompanying an eToro account is a powerful combination, hence features on this list. This card allows eToro users to manage and use their cryptocurrencies to make payments. While the card has zero annual maintenance fees, the user must bear the ATM charges and other transaction costs. While eToro has a comprehensive trading platform across assets that accountholders can use to have an all-in-one investment experience, its card can help users make purchases across the globe. Also, eToro robust app doesn’t help the users keep track of their transactions and make bank transfers
Another solid exchange for back on and another card powered by the Visa network. This time its Binance, which currently is the largest cryptocurrency exchanges in the world. Binance Visa card gives holders constant access to digital funds in his Binance account. While United States citizens still don’t have access to this card, it is one of the best crypto debit cards for consumers across the globe, wherever the card is allowed. Once the user receives his card, he can immediately start using the same across the globe. The spending fees on this card is fairly low and has great withdrawal limits making it a user friendly option. The card works only when its backed by a Binance account, so ita the go to card for any Binance user.
The first Mastercard-backed crypto card in the list and a popular amongst the US users. This card has a reward structure that is quite unique and its acceptability across the Mastercard universe makes this card a favorite amongst users. Cardholders are entitled 3% cashback on all annual dining purchases up to $3,000 per year, 2% on daily items and groceries, and 1% on all other purchases. These rewards are automatically paid in Bitcoin or one of the other 50 cryptocurrencies compatible with the card. Backed by the Gemini Exchange, the card is compatible with the Gemini app which makes it simple to monitor transactions and manage your account. The card comes with zero annual fee but is entitled for transaction fees which falls anywhere between 0.5% to 4%
Another Mastercard-powered crypto card, Bitpay Mastercard is one of the best cards available today. With the backing of Bitpay, which has been helping users buy Bitcoin since 2011, the card already has a fan base like no other. The BitPay Mastercard works in tandem with BitPay Wallet bringing a real use case for users that want to spend their Bitcoin for daily transactions. The card comes with a one-time $10 fee, and it can be used throughout the United States. The card does not attract any monthly fees, and it’s completely free to load more Bitcoin onto the card. On the downside the card does not bring in any rewards and supports only Bitcoin and no other cryptocurrencies
The Nexo Mastercard is a fairly crowd favorite crypto credit cards for anyone, especially the one that is looking to take out a sizeable loan in cryptocurrency. Nexo Mastercard allows users to borrow loans worth up to $2 million with their current crypto holdings acting as a collateral that would secure the financing. Even users who don’t want to avail the large-scale loans from Nexo, this Mastercard is still a very appealing option. The card is usable anywhere that Mastercard is accepted and the users can earn 2% rewards which is competitive. The associated smartphone app makes the card incredibly user-friendly, allowing you to easily set notifications, change your pin, and freeze the card if it has been lost or stolen.
BlockFi Rewards Visa Signature Card
This crypto card which is backed by Visa is slowly becoming a favorite among beginners and crypto enthusiasts alike. With a combination of steady and consistent crypto rewards and an extremely generous introductory offer makes the BlockFi Rewards Visa Signature Card one of the best crypto cards on the market.For the initial one quarter after signing up with the BlockFi Rewards Visa Signature Card, the user has a chance of earning up to $100 in crypto with a 3.5% reward on all purchases made on the card. Once that introductory period is over, the user will be entitled to earn 1.5% on the users first $50,000 of spending and 2% on subsequent spending. All of these rewards are paid in crypto and users have a constant access to the Visa Signature Concierge Service, which is well designed to help users in their travel bookings and activities scheduling