Best cryptocurrency credit and debit cards

Best cryptocurrency credit and debit cards that reward crypto investors in 2022. Some crypto credit cards allow you to choose your own rewards cryptocurrency — and move it to your own wallet. Enjoy enhanced rewards and low fees with these five best cryptocurrency credit cards for 2022. Gain great flexibility and security features using your digital assets. Best NFT marketplaces to buy and sell NFTs right now

In contrast to traditional credit card rewards offering points, cash, and miles, a new generation of credit cards offers rewards in Bitcoin, Ethereum, and other cryptocurrencies. Cryptocurrency debit and credit cards are currently countable because of the many banking restrictions on crypto transactions. Many cards are suitable for regular shoppers since they work as purchase rewards cards that allow you to earn money back on purchases. Common cryptocurrency scams to know before investing

As more and more crypto cards are becoming available, consumer interest is growing to earn rewards in this new way on everyday spending. Crypto credit cards function much like traditional credit cards, except that they source funds and pay rewards using digital currency, like Bitcoin. Backed by popular card networks like Visa and Mastercard, you still enjoy flexible spending with enhanced rewards through cryptocurrency. Start Your Own Bitcoin or Cryptocurrency Exchange Business

To find the best crypto credit cards today, we regularly research and analyze several critical factors. This includes not only the rewards structure but also associated pricing and fees, cryptocurrency options, payment methods, and exchange options.

Which card is best for cryptocurrency?

Top 5 Best Bitcoin Debit Cards of 2022:

Coinbase Visa Debit Card, Best Overall

  • Rewards: 1% BTC or 4% XLM
  • Funding method: Crypto wallet
  • Account minimum: $0

Founded in 2012, Coinbase was already a leading crypto exchange when it launched its Coinbase Visa card. The Coinbase Visa works like any other Visa card, except it’s compatible with any asset in your Coinbase portfolio.

It draws from your Coinbase balance (not from Coinbase Pro, Wallet, Prime, or Commerce accounts), so you simply pay with a PIN or withdraw from an ATM as you would with a normal card. There is a daily spending limit of $2,500 and a daily $1,000 ATM withdrawal limit.

Cardholders have the choice of earning either 1% back in BTC or 4% back in XLM whenever a purchase is made.

Accepted anywhere that Visa is accepted, the Coinbase Visa gives global spending ability with no international limits. There are enhanced security features that include two-step verification, plus you have the option to instantly freeze your card through a hearty mobile app that keeps you in the driver’s seat of your account. Bookkeeping is also made easy with the option for account notifications, digital receipts, and transaction summaries.

However, it is a fee-heavy debit card. Although there is no issuance fee, you will pay several other fees, like a cryptocurrency liquidation fee of nearly 2.5% and a 2% international transaction fee. There is also a 1% penalty when you withdraw above your maximum limit. Although crypto rewards can reach as high as 4% on eligible purchases, that 2.5% transaction fee leaves you only with 1.5% gains. Still, customers remain generally happy with the credit card and appreciate the additional security and convenience features this card has to offer.

Crypto.com Visa card, Best Variety of Cryptocurrency Supported

  • Rewards: CRO
  • Funding method: Crypto wallet
  • Account minimum: $0 – $400,000

As one of the first crypto cards, the Crypto.com Visa card fits into your life seamlessly with tons of rewards that make sense for daily life. 

To get started, you will need to purchase Crypto.com’s CRO tokens and stake them in your Crypto.com wallet. Prospective cardholders will need to stake CRO tokens for 180 days before they can apply for the card. How much CRO you have staked will determine the card tier.

  • Obsidian: $400,000 USD worth of CRO staked
  • Rose Gold/Icy White: $40,000 USD worth of CRO staked
  • Royal Indigo/Jade Green: $4,000 USD worth of CRO staked
  • Ruby Steel: $400 USD worth of CRO staked
  • Midnight Blue: $0 USD worth of CRO staked

Although sometimes referred to as a debit card, the Crypto.com card is, in fact, a prepaid card that uses Crypto.com’s own digital currency. There is no maximum allotment per month for transactions involving currency exchange, allowing you to make as many exchanges as necessary. How to earn cryptocurrency and make money on crypto.com

Depending on your card tier, cardholders receive a 100% rebate for their most-loved subscriptions including Amazon Prime, Netflix, and Spotify. The two highest card tiers offer all three. Royal Indigo/Jade Green offers Spotify and Netflix, and Ruby Steel provides a Spotify sub.

Rewards vary based on the card tier, with cards offering 1% to 8% CRO back and other rewards. If you catch the travel bug, there are rewards there, too, with 10% back on Airbnb and Expedia purchases for the Obsidian and Frosted Rose Gold/Icy White cards. You also receive exclusive airport lounge access. There are no ATM withdrawal fees for most cards and exclusive currency exchange rates when you maintain a higher monthly limit.

Crypto.com is compatible with more than 90 different cryptocurrencies, making it one of the most flexible crypto cards available today. The card itself is made of metal and certain tiers give cardholders a choice in color. You can use your card anywhere Visa is accepted, and the exclusive Crypto.com app helps you manage your account on the go. Crypto.com: how to register and verify all details online on crypto.com

Wirex Visa card, Best for Cardholder Perks

  • Rewards: WRX
  • Funding method: Crypto wallet
  • Account minimum: $0 
  • Availability: Not available in NY or HI

The Wirex card offers international spending power without the steep exchange fees. In addition to free international ATM withdrawals, this card is compatible with more than 150 currencies and is accepted at more than 80 million outlets across the globe, including online and in-store merchants.

Wirex uses staked tokens called WXT to fund your account and provide access to benefits. Wirex also introduces a new kind of rewards system called Cryptoback that gives you 2% back in WXT rewards for eligible in-store purchases only. If you refer new members, Wirex offers an additional $10 in Bitcoin rewards. That is in addition to the standard 1.5% back on eligible in-store purchases.

The Cryptoback program is a 12-month subscription service. Depending on the price plan cardholders choose, the card will earn 2% to 8% back in X-Points for purchases. X-Points can be exchanged for cryptocurrency and are worth 1 cent each. To earn 2% is free, 4% will cost $10 a month or $102 annually. To earn 8% back cardholders will need to pay $30 monthly or $306 annually.

Wirex features a straightforward fee schedule with no annual fee. However, there is a transaction fee of 2.5% that can eat into your total rewards. There are no fees for fiat-to-fiat exchanges, and there are 18 currencies that all enjoy exclusive over-the-counter or interbank rates. You will pay a 1% fee to fund your account with cryptocurrencies.

Wirex also has its own app, allowing you to set instant alerts, track your spending, and maintain a budget. It is an easy and more affordable way to switch from one currency to another while you are traveling, allowing for more streamlined global purchases, no matter where you are in the world.

BlockFi Rewards Visa Signature card, Best for Cashback

  • Rewards: BTC
  • Funding method: Bank account
  • Account minimum: $0
  • Availability: Not available to residents in NY

The BlockFi Rewards Visa Signature is a card that allows users to accumulate interest based on Bitcoin holdings. Here, cryptocurrency is the default rewards structure for your BlockFi card. Rewards include 1.5% back on purchases, paid out in Bitcoin, and held within your BlockFi account. You can use your card anywhere Visa is accepted for greater spending power, and there are no foreign transaction fees when you are traveling. 

In fact, there are no transaction fees at all, saving you precious rewards. Plus, there’s a welcome bonus of 3.5% back in BTC for every purchase for the first three months, with a max earning of $100 in BTC. Cardholders can also enjoy an upgraded 2% rewards structure when they spend more than $50,000 each year. If you refer a friend, that is an additional $30 in Bitcoin rewards. Cardholders will even earn 0.25% back in BTC for eligible trades, up to $500 in BTC per month.

Similar to a traditional credit card, the BlockFi card does have a credit limit. There is no annual fee with a straightforward reward structure to help you earn. Many cardholders appreciate the fact that there is no sliding scale or complicated rewards structure to track in order to receive their earnings. With its Visa insignia, it is a card that acts like a traditional credit card with all the modern benefits of cryptocurrency.

Gemini credit card

  • Rewards: 50+ cryptocurrencies
  • Funding method: Crypto wallet
  • Account minimum:  $0

Gemini automatically earns crypto rewards that are compatible with more than 50 different cryptocurrencies. While there are no exchange fees, it is important to note that exchanges are not guaranteed. There isn’t an annual fee, but there is no welcome bonus, either. Fees on transactions range from 0.5% to about 4%, depending on your specific card. The Gemini card is issued by WebBank and runs on the Mastercard network, allowing users access to all merchants that accept Mastercard. A convenient app also helps you manage your account, like freezing and unfreezing your card, and 24/7 live customer support will be available.

Gemini has a unique rewards structure that is paid in real-time and can be redeemed in several ways:

  • 3% back on dining (up to $6,000 spent, then 1%)
  • 2% back on groceries
  • 1% back on all purchases

All rewards from eligible purchases are paid out via Bitcoin or another cryptocurrency accepted by Gemini. Members also receive access to Mastercard exclusives, such as special savings on purchases at Lyft, DoorDash, HelloFresh, and a ShopRunner membership. Mastercard’s signature Mastercard ID Theft Protection and Zero Liability and Price Protection benefits are also included.

The Gemini card is not yet available, but you can sign up for the waitlist to be notified when applications are being accepted. The card will be available in all 50 states in a sleek metal design in your choice of black, silver, or rose gold. 

Best cryptocurency cards FAQ

Is there a crypto credit card?

Yes, there are a lot of crypto credit cards that allow people to connect their bank accounts with their crypto accounts. The BlockFi Bitcoin Rewards Credit Card is a great way for those who want to earn cash backs on their purchases because it provides 1.5% cashback per transaction, paid in Bitcoin. New users get 3.5% rewards for the first 90 days.

crypto rewards credit cards use digital currency known as cryptocurrency to withdraw cash and make purchases at both in-person and online retailers. Crypto cards can be similar to traditional credit cards in that funds can be sourced from a line of credit, or you can link to a digital wallet.

The others on this list are debit cards and include Crypto.com debit cards, Coinbase Card, Nexo, Crypterium, SoFi, Wirex, TenX, and Swipe Visa debit cards.

Should I get a crypto card?

Crypto debit or credit cards are recommended for regular users of crypto because they allow you to instantly convert Bitcoin and other cryptos to fiat at merchant points and ATMs where Visa and MasterCard are supported.

Therefore, you can pay for goods and services with crypto, where the outlet or merchant does not support receiving crypto directly as payment. They also allow you to withdraw cash at ATMs. One of the greatest advantages is that these cards allow you to earn rewards per purchase completed with the card. They also allow you to take crypto loans.

Can a Bitcoin Crash?

Currently, it is harder for Bitcoin to crash to zero, although it is very volatile in price, depending on market factors. The price shifts per demand and supply and hype online. The crypto has registered an 80% drop in price in history therefore can be very volatile.

Is there a debit crypto card?

There are many crypto debit cards including Crypto.com debit cards, Coinbase Card, Nexo, Crypterium, SoFi, Wirex, TenX, and Swipe Visa debit cards. These allow you to convert crypto instantly and withdraw on an ATM that supports MasterCard or Visa. You can also pay for goods and services in crypto, where these networks are supported even if the merchants do not accept direct crypto payments. Some like Nexo allow you to get crypto loans.

How does a crypto credit card or debit card work?

Companies that allow you to have a crypto credit card or debit card require you to open an account, verify identity, and either deposit a required amount of platform token or crypto or apply for the debit or credit card free of charge.

Most work alongside a software crypto wallet and app through which you can load crypto or fiat on the card. You can also manage the card through the app. After loading, you can then use it like an ordinary debit or credit card at merchant stores, outlets, or ATMs.

Is the Crypto.com visa card a credit card?

No, it is a debit card. It is known as a Visa rewards card as it offers cash back rewards for every purchase made with crypto through the Visa card. It can also pay for goods and services, staking to get staking rewards and withdraw money via Visa and MasterCard ATMs.

Can I use a credit card to buy crypto?

You can purchase cryptocurrency with a credit card if your card issuer and payment network allow the transaction type. With American Express, for example, cryptocurrency purchases are allowed, treated as a cash advance, and may be subject to a cash advance limit.

Does Crypto replace credit cards?

Crypto isn’t going to replace credit cards because credit cards actually bundle a variety of services that are useful to consumers.

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