Are you a cryptocurrency enthusiast looking for a way to conveniently spend your digital assets in the real world? If so, you may be interested in getting yourself the best crypto debit card available in the market.
Some of the greatest crypto platforms, such as Binance, Coinbase, and Bybit, provide crypto debit cards. Based on the feedback of current crypto debit card holders, I’ve selected the ones that seem to offer the best ones. So, I’ll cover each platform, and, of course, tell you why they are worth the shot if you are looking for a crypto debit card.
Each debit card on this list has its own unique features and benefits, so it's important to pay attention and determine which suits you best. Thus, I'll be diving deeper into them in the following sections, so stay tuned!
The best crypto debit cards that will be discussed are:
Now, let's get to it!
Best Crypto Debit Card: What It is and How Can It Benefit You?
Before we dive into the details of the best crypto debit cards I’ve selected, let's first understand what a crypto debit card is.
You might be wondering, “How do they actually work?” Put simply, crypto debit cards work by linking your cryptocurrency wallet to a physical or virtual crypto debit card, giving you access to your funds at any time.
When you use your crypto debit card to make purchases, the card provider converts your cryptocurrency into fiat currency at the current exchange rate, allowing you to spend your digital assets without having to worry about currency conversion.
Keep in mind that, in order to make a purchase with a crypto debit card, you must first have cryptocurrencies in your wallet. This means acquiring them through a traditional payment method, including debit cards.
If you're not sure how to buy crypto with a debit card, or any other way, check out this guide. Now, once you've bought your crypto, top up your card, and you're good to go!
Besides simplifying the process of spending your currencies, one of the biggest advantages of the best crypto debit cards is the rewards and cashback programs, making them an attractive option for those who want to earn rewards while using their funds.
Although, note that most crypto debit cards require users to stake/hold the platform’s native token in order to receive cashback rewards.
Beyond that, some cards also offer features such as travel insurance, purchase protection, and other benefits typically associated with traditional debit cards.
However, crypto debit cards come with some drawbacks, as well, including geographical restrictions and transaction/conversion fees. The good news, though, is that most debit cards are free to issue. It’s also very common for platforms to not charge annual fees.
In conclusion, a crypto debit card is an excellent way to spend your cryptocurrencies in the real world, making it easier to manage your finances and simplify your day-to-day transactions.
By linking your cryptocurrency wallet to a debit card, you can access your digital assets at any time and use them to pay for everyday expenses. When it comes to crypto wallets, consider getting a hardware wallet if you want to keep your funds especially secure. Some of the best options on the market include Ledger Nano X and Trezor Model T.
With so many benefits and features to choose from, it's essential to research and find the best crypto debit card for your needs. That’s where my list will come in handy!
By the way, I’d like to make it clear that, besides debit cards, there are also credit cards. However, in this article, I will only be talking about the former. Nonetheless, in case you don’t know the difference between the two, allow me to explain it to you:
A crypto credit card is used similarly to a conventional credit card – you are given a credit limit that you can spend as long as you make payments on time. When it comes to crypto credit cards, your limit is associated with your cryptocurrency holdings.
On the other hand, as the name suggests, a crypto debit card is a payment card that allows you to make purchases or cash withdrawals at ATMs using your own money.
With either option - crypto debit or credit card -, you can easily spend your cryptocurrencies on real-life expenses, goods, and services.
1. Binance Card - Up to 8% of Cashback Rewards
Ranks #1 out of 8 Crypto Exchanges
- + Supported by over 90+ million merchants worldwide
- + 8% BNB cashback program
- + Low fees
- + No need to pre convert crypto
- + Secure transactions
- - Limited number of supported cryptocurrencies
When talking about the best crypto debit cards available in the market, the Binance Card must be mentioned!
Binance is a well-known and trusted cryptocurrency exchange that offers a range of products and services to its users. And one of the most exciting products they offer is their very own debit card that allows you to spend your cryptocurrencies anywhere you see the Visa logo.
So, what exactly is the Binance debit card? Well, it's a physical and virtual crypto debit card that is linked to your Binance account, which means you can use it to spend your crypto holdings just like you would with a regular debit card.
As I mentioned, with this card, you can spend your digital assets at any merchant that accepts Visa payments, and it also supports a wide range of cryptocurrencies, including BUSD, USDT, BTC, ETH, SOL, MATIC, and six other crypto assets.
Now, you might be wondering, what sets the Binance debit card apart from other crypto debit cards? For starters, it offers some of the lowest fees on the market! There are no monthly or annual fees.
However, the crypto conversion fees can go up to 0.9%. That’s still quite low compared to the industry standards!
Plus, Binance offers cashback rewards of up to 8% on purchases made with the card, which is a pretty sweet deal. Essentially, it works like this: the higher your Binance Card Level, which is based on your monthly average balance, the higher your cashback rate.
By the way, to reach 8% of cashback, your average monthly holding of BNB in your Binance wallet should get to 600 - this way, your card makes it to the highest level, level 7.
Now, remember what I told you regarding how to buy crypto with debit card? Well, to have that sweet cashback, you will need to buy and hold BNB first, as you already know. If you are not sure how to do that yet, don’t forget to check the guide I mentioned!
Another great feature of the Binance debit card is its security. The card comes with a chip and PIN for added safety. Besides that, Binance offers real-time fraud monitoring to keep your transactions safe, as well.
Not only that, you can easily freeze and unfreeze your card right from the Binance app, which is super convenient if you ever misplace your card or suspect fraudulent activity. Moreover, to protect your account, there are features such as two-factor authentication, which includes SMS and email methods, among others.
Now, let's talk about how to get your hands on a Binance debit card.
Step 1: First, you'll need to have a Binance account. If you don't have one already, you can easily create one by visiting their website and following the signup process. Once you have an account, you'll need to complete the required KYC (Know Your Customer) verification process to qualify for the debit card.
Note that the Binance debit card is only available in certain countries. So, make sure to check if your country is eligible to apply for the card - I can already give you a heads up that this isn’t a crypto debit card USA residents can use.
By the way, the KYC process requires users to provide national documentation, such as a national ID or Passport. What’s more, it requires proof of address in order to confirm you are residing in a qualified region.
Step 2: Once your account is verified, you can order your Binance debit card right from the app. Both the first physical and virtual card issuance is free! However, there is a cost for a replacement of the physical card.
As you can probably tell, if you’re looking for an anonymous crypto debit card, Binance’s option might not be the ideal choice, given that you need to provide a lot of personal information to have one. Though, I have to say that extensive KYC protocols definitely come with the perk of higher security!
Overall, the Binance Card is one of the best crypto debit cards on the market, offering low fees, great cashback rewards, and top-notch security features. It's a great option for anyone who wants to make spending their cryptocurrencies more convenient and accessible.
2. Bybit Card - Zero Transaction Fees
Ranks #2 out of 8 Crypto Exchanges
- + Exclusive loyalty rewards
- + Supported by over 90 million Mastercard merchants around the world
- + High spending limits
- + Low fees
- - Very limited crypto asset support
Bybit is a popular cryptocurrency derivatives trading platform that has recently launched its own crypto debit card. Bybit released the virtual crypto debit card in February 2023, while in March of the same year, it expanded the possibilities and launched the physical version of the Bybit Card!
Even though it is still quite new, the Bybit Card can already be considered one of the best crypto debit cards out there. And here is why:
Bybit's debit card allows users to spend their crypto assets anywhere that accepts Mastercard, making it an incredibly versatile option. If you're based in Europe, there is great news, as this is a crypto debit card UK residents and people from eligible countries of the European Economic Area (EEA) can apply for.
Now, the digital assets accepted by Bybit’s crypto debit card include EUR and GBP, for fiat currencies, and BTC, ETH, XRP, USDT, and USDC for cryptocurrencies. With this debit card, one can easily convert their crypto into fiat currency using Spot, Derivatives, and Margin trading, and perhaps even make a profit while doing so!
Pretty nice, right?!
Well, it doesn’t end there, as with the Bybit card's multi-asset spending capability, you can manage your crypto balance and use it to pay for anything you desire.
The greatest part, though, is that the card features zero transaction fees, making it a cost-effective option for those looking to use their digital assets in the real world!
There are also no annual fees, and the platform doesn’t charge for inactivity either. However, there is the foreign exchange fee (0.5%, besides the Mastercard’s foreign exchange rate), as well as the crypto liquidation fee (0.9%, besides Spot fees). Still, it’s a pretty good deal!
Moreover, security-wise, Bybit doesn’t disappoint!
The platform employs advanced security measures, including multi-factor authentication and real-time monitoring, to protect user accounts and funds. Additionally, Bybit uses advanced data encryption techniques to ensure that user data and personal information are kept safe and secure.
Of course, the best crypto debit card must come with great rewards! And Bybit makes sure to provide that through its Loyalty Reward program. It works like this: whenever you spend 1 GBP/EUR, you earn a point, and you can earn up to 12,500 points each month. These points can be redeemed for cool stuff in Bybit's Rewards Market.
Having said all of this, you might be wondering, “But, how do I get a Bybit debit card?” It is, in fact, quite simple!
Step 1: First of all, you need to assure you fill up all of the requirements to apply for a Bybit card:
- Your Bybit account is linked to an email and a mobile number;
- You've set up Google Two-Factor Authentication;
- You've completed KYC by doing the proof of identity and proof of address protocols.
For the last requirement, you will need your National ID or Passport - don’t forget you need to be from the UK or any eligible country from the European Economic Area (EEA). So, Bybit’s card is not ideal for those looking for an anonymous crypto debit card.
Step 2: Once you are sure everything is intact, you can apply for the card through the website and the Card Application on your phone. Check out Bybit’s website for a step-by-step tutorial!
Once verified, users can easily deposit their digital assets and start using the card for everyday transactions!
You can start using your virtual crypto debit card right after the verification process! Now, for the physical debit card, you will have to pay an issuance fee of 5 EUR/GBP/USDT. Once you pay and do everything else required to apply for it, you will receive your debit card within 30 days!
That’s basically it! Overall, Bybit's debit card is a solid option for those looking for a secure, versatile, and rewarding crypto debit card. With zero transaction fees, a user-friendly interface, and a nice rewards program, it's no wonder why it's considered one of the best crypto debit cards on the market.
3. Coinbase Card - Up to 4% Cashback Rewards
Ranks #3 out of 8 Crypto Exchanges
- + Strong security measures
- + Convenient Coinbase Card App
- + A lot of supported cryptocurrencies
- + Apple Pay / Google Pay support
- + Cashback rewards
- - Pretty high conversion fees
So, if you're looking for the best crypto debit card, you definitely want to check out Coinbase's offering.
With the Coinbase Card, you can spend your crypto assets just like you would with a regular debit card, and the best part is, you can use it anywhere Visa is accepted!
What’s more, you can easily convert your digital assets into fiat currency. Besides that, the Coinbase Card also allows you to manage your crypto funds in one place. That way, you can easily track your spending and crypto balance through the Coinbase app.
This surely helps you to have a clear overview of your expenses and stay on top of your finances!
Another great thing about the Coinbase Card is that it offers cashback rewards on every purchase. For example, if you use the card to buy groceries or pay bills, you can earn up to 4% cashback in the form of cryptocurrency.
However, the rewards and earning rates of the Coinbase debit card change every month - in other words, they are on a rotating schedule. Also, the rate depends on the type of crypto rewards you choose as your earning.
It’s important to know that the 4% rate is historically the highest the platform has ever provided, which was the XLM (Stellar Lumens) reward. But, you can earn rewards in BTC, ETH, AMP, DAI, and more.
Again, the rates will not always be the same. Although, the benefits of spending to earn still remain!
By the way, Coinbase has a tutorial on how to buy crypto with debit card or credit card in Europe and the UK. If you want to know more about this topic, check it out on Coinbase’s website!
Now, in terms of security, the Coinbase debit card has you covered.
The card offers two-factor authentication and biometric verification to ensure that only you can access your funds. Furthermore, the card is backed by the same level of security as Coinbase's exchange, which means that your funds are kept in secure cold storage - by the way, Coinbase is considered one of the most secure exchange platforms on the market!
Coinbase requires KYC as part of its safety protocols, as well. In other words, users need to provide identifying documents. For example, users from the USA must provide their Social Security Numbers. Thus, the Coinbase card is not meant to be an anonymous crypto debit card.
It's important to note, though, that the Coinbase debit card is only available in certain countries. So, before applying for the card, make sure that your country is eligible. In short, it is a crypto debit card UK, EU and US residents can apply for.
Overall, the Coinbase debit card is a great option for anyone looking to spend their cryptocurrency in a hassle-free and secure way. With its cashback rewards, easy-to-use interface, and top-notch security features, it's definitely one of the best crypto debit cards out there.
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4. KuCoin Card - Win 1,000 USDT by Registering for KuCard
Ranks #4 out of 8 Crypto Exchanges
- + Custom spending limits
- + KCS Cashback program
- + No annual fees
- + Apple Pay / Google Pay support
- - Very limited crypto asset support (more will be added in the future)
- - Conversion fees
Did you know KuCoin has recently announced its debit card, also known as KuCard? If you didn’t, now it’s the perfect time for you to get acquainted with it! KuCoin is one of the biggest exchange platforms right now, and KuCard is promising to be one of the best crypto debit cards on the market!
The KuCoin debit card is a Visa card that allows users to spend their crypto assets anywhere that accepts Visa, making it a convenient way to convert your crypto into fiat and make purchases both online and offline.
Besides, with the KuCoin app, you can easily manage your funds and monitor your spending!
Fee-wise, there are no annual fees, and you can get your debit card completely for free! Though, it's important to keep in mind that there may be a trading fee for converting your cryptocurrency to fiat currency when using the card.
KuCoin also provides custom spending limits, giving its users a lot more freedom! Moreover, there is great news for those who use Apple Pay and Google Pay, as KuCard supports both.
Now, talking about getting the KuCard, you have to take these steps:
Step 1: You need to make sure you are a resident of an eligible country/region. This card is a crypto debit card UK and EEA residents can use. Although, not all European countries are included. So, check out the list of eligible countries on the KuCoin website.
Step 2: You need to create a KuCoin account and go through all of the KYC process, which is composed of the identity verification and proof of address protocols - as you probably noticed, these are the most standard protocols when applying for a crypto debit card.
By the way, as of writing, KuCoin is providing 1,000 USDT to whoever registers their KuCard! So, make sure to enjoy this opportunity while you can. Also, remember that this is a free card, so you won’t have any costs when applying for it.
Now, one of the standout features of the KuCoin debit card is the rewards program: by purchasing with KuCard, you receive cashback in KCS, which is the native token of the KuCoin exchange. This debit card also promises to enable great membership benefits.
Since it’s still quite a new thing, there isn't much information available regarding the cashback rates and the benefits provided to members. So, stay tuned for new announcements!
If you're hesitant towards the KuCard because it's a new player in the game, don't worry. The KuCard is already touted as one of the best crypto debit cards due to KuCoin's established reputation for quality service.
With KuCoin's track record, you can trust that the KuCard will provide a reliable and user-friendly experience!
That’s because KuCoin is a great platform due to its emphasis on security, user-friendliness, and customer support. The platform implements various security measures to ensure that users' funds are kept safe, including two-factor authentication, anti-phishing codes, and multi-level security systems.
Additionally, KuCoin offers an interface that is easy to navigate, making it ideal for both beginners and experienced traders. Besides that, it has excellent customer support services, offering 24/7 support through various channels such as email, live chat, and social media.
So, overall, the KuCoin debit card is a great option for anyone looking for a reliable and convenient way to spend their crypto assets. With its rewards program, security features, and competitive fee structure, it's definitely worth considering!
5. CEX.IO Card - Up to 5% Cashback in the Future
Ranks #5 out of 8 Crypto Exchanges
- + Up to 5% cashback rewards
- + Instant fiat and crypto purchases
- + A lot of supported crypto assets
- - Initially will only be supported in the EU countries (except for Germany and Malta)
- - Not launched yet
CEX.IO is a reputable cryptocurrency exchange that has been around since 2013. In 2023, CEX.IO plans to launch the virtual version of its debit card, while in 2024 - the physical one. CEX.IO is surely aiming to provide users with one the best crypto debit cards on the market.
Given its long history, it’s safe to say that CEX.IO knows what it's doing when it comes to handling cryptocurrency. So, that much can be expected from its new debit card, right?
Here is what there is to know so far: this debit card is powered by Visa, which means that it’s widely accepted all over the world. You will be able to use this card both in physical stores and online, and it also will be possible to withdraw cash from ATMs using it - by the way, you will be able to use it with Google Pay and Google Wallet as well.
What’s more, it will allow you to make instant purchases with your crypto or fiat - with that, you can be sure to eliminate those long waiting hours or days to cash out your crypto proceeds.
To summarize, the CEX.IO debit card is expected to be an all-in-one solution by combining the advantages of a Visa debit card, a cryptocurrency exchange, and a digital wallet.
Now, of course, CEX.IO could never even be considered a top choice if it didn’t have a reward program. Actually, not only it's promising rewards, but, in fact, CEX.IO is coming strong with an up to 5% rate of cashback! That’s quite a competitive rate.
Requirements-wise, you will need to be from one of the eligible countries in order to apply for this debit card. Initially, it will be a crypto debit card for the UK and other EU countries (except for Germany and Malta, for now). Although, CEX.IO is looking to expand the list of qualified regions as soon as possible.
Thus, it might be a crypto debit card USA residents will be able to apply for one day!
That’s basically it for the information available so far! Now, as mentioned before: the virtual crypto debit card will be released by the end of the Q3 2023, and the physical version is expected to be launched by early 2024.
However, you can already sign up for the waitlist on the official website! That, of course, requires you to have a CEX.IO account. In order to create one, you need to provide identifying documents, such as National ID and Social Security Number.
Thus, it goes without saying that this card is not ideal for those who want a completely anonymous crypto debit card - if you really seek true anonymity, using DEXs might be your only option.
Overall, the CEX.IO debit card is a solid choice for anyone looking for a reliable and secure way to spend their cryptocurrency. With its Visa-powered card, ability to spend crypto without converting it to fiat, and great cashback rewards, it’s no wonder why it’s aiming to be one of the greatest options on the market.
6. Crypto.com Card - 5 Different Cards Available
Ranks #6 out of 8 Crypto Exchanges
- + No annual fees
- + Up to 5% cashback
- + Crypto and fiat support
- + Different card tiers
- - Not all purchases qualify for rewards
- - Very high staking requirements
If you're looking for the best crypto debit card, then you should definitely consider Crypto.com prepaid cards (Visa). Though, before I talk about the specifics, I need to set something straight. Are prepaid cards and debit cards the same thing?
Put simply, yes: both work just like a regular debit card, allowing users to make purchases online or in-store, withdraw cash from ATMs, and even use contactless payment methods such as Google Pay or Apple Pay.
However, there are some key differences. While debit cards are linked to your bank account or cryptocurrency wallet, prepaid cards must be loaded with funds before use. To fund your prepaid card, you can use bank account transfers, credit or debit cards, or even cryptocurrency.
Now, talking about Crypto.com, a few options of prepaid cards are offered by the platform. You have from the simplest version, the Midnight Blue, to the best one, which is the Obsidian.
The Midnight Blue card doesn’t require locking up CRO - the platform’s native token -, but it doesn’t provide CRO rewards or benefits either.
On the other hand, the Obsidian card allows the highest cashback rate (5%), as well as requires the biggest amount of locked up CRO. It also provides the best benefits, which include bonus rewards, exclusive merchandise, access to famous streaming platforms like Spotify and Netflix, and so on.
There are three other cards in between these two, that have cashback rates from 1% to 3% - the rest of the benefits also vary. Moreover, each one of them has different fees and limits.
So, overall, the tier of the card you can have depends on the amount of CRO tokens bought and deposited in the crypto wallet. To hold CRO, users must first complete KYC verifications, then purchase the tokens, and finally deposit them into their crypto wallet in the app - that is, if they don’t buy CRO directly on the app.
Therefore, once you figure out how to buy crypto with debit card or other traditional payment methods, you are ready to upgrade your crypto debit card!
By the way, the mobile app provided by the platform makes it easy to manage your card and track your spending.
Thus, with up to 5 different Visa card designs available, each with variable CRO staking rewards and maximum withdrawals, there's a card for everyone! That surely makes Crypto.com an accessible choice.
Anyway, that’s for the options of debit cards available. Now, it's important to know which countries are eligible to apply for them. Differently from the previous ones I listed, Crypto.com’s card is a crypto debit card USA residents can use! Not only that, some European countries are eligible, as well.
So, while normal transaction fees do apply, the Crypto.com prepaid cards are a top choice for those looking for variety and good reward programs!
7. Wirex Card - Up to 8% of Cashback in WXT
Ranks #7 out of 8 Crypto Exchanges
- + Cryptoback program with up to 8% cashbacks
- + Fee-free ATM withdrawals (up to $200)
- + No annual or FX fees
- + Exclusive offers for card holders
- - High crypto-to-fiat fees
- - Must convert X-Points to get actual crypto rewards
Have you heard of the Wirex Card? It's one of the best crypto debit cards out there! Here's why:
Wirex is a digital payment platform that offers a debit card that can be funded using both traditional currencies and cryptocurrencies. With this debit card, you can spend your crypto just like you would with a traditional debit card.
It's like having the best of both worlds!
One of the biggest advantages of the Wirex card is that it allows you to spend cash, stablecoins, and, of course, cryptocurrencies worldwide, making it super convenient. You can also withdraw cash from ATMs and make contactless payments.
By the way, Wirex offers both physical and virtual crypto debit cards. The card is free - both the issuance and the delivery. What’s more, there is no annual fee. Though, it's important to note that there may be ATM withdrawal fees based on the amount withdrawn.
Moreover, you can manage your account and track your spending through the mobile app, as well as through the website - the app is available in multiple languages, which is great for global users. Besides, regarding the mobile app, it enables instant in-app alerts. That is great for your card security!
Note that, in order to create a Wirex account and, therefore, have a Wirex card, you need to go through a few KYC processes, such as the identity verification, which demands, among other things, a valid National ID or Passport.
Now, one last great feature of the Wirex card that is worth mentioning is the rewards program. By spending with your debit card, you can earn up to 8% cashback in WXT, the platform’s native token! Those rewards will be instantly deposited into your Wirex account.
Overall, the Wirex debit card is a great option for those looking to easily spend their crypto and manage their finances all in one place. With its global reach, user-friendly app, and rewards program, it's definitely worth checking out!
So, now that I've finished talking about the best crypto debit cards, let's recap a bit. These cards are super handy because they let you spend your digital assets just like you would with a regular debit card.
This means you can use your cryptocurrencies to buy things like groceries, gas, or even a new pair of shoes. But, when you're looking for a crypto debit card, there are some things you should consider. You'll want to check out the fees, security, and other features to make sure you're getting the most out of your card.
There are certainly great options out there, like the ones provided by Binance, Bybit, and Coinbase. They each offer their own crypto debit cards with cool features and benefits. By the way, it's important to keep in mind that, while most of the cards I mentioned earlier are suitable for European residents, there are also great crypto debit cards USA residents can use.
Anyway, I hope you found the best crypto debit card for you. Good luck using it!
The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.
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