Best Crypto Debit Cards in 2021
Cryptocurrency has revolutionized every aspect of the financial industry, from transactions to lending to borrowing. The cryptocurrency ecosystem is thriving and continuously developing, making it an exciting opportunity for those who are looking for a more secure alternative to traditional finance. One way for people to participate in this ecosystem is by using crypto debit cards.
A crypto debit card can be used to purchase any good or service of your choice. It works by converting the cryptocurrency of your choice, like Bitcoin, Ether or Ripple or fiat money. You can use it the same way you would a normal debit card.
The benefit of using a crypto debit card is that it allows you to make purchases using cryptocurrency. This is especially useful if the value of the cryptocurrency you have in terms of your country’s currency is really high or you expect it to fall in the future. A crypto debit card makes it possible to easily spend your cryptocurrency and use it as a real payment method.
With that being said, what are some good crypto debit cards out there? Below are our top 5 crypto debit cards of 2021. Keep reading to find out which crypto debit card is the right one for you.
Summary crypto debit cards
- Binance Card: Free debit card from the Binance exchange including cashback up to 8%.
- Crypto.com card: 5 free cards from Crypto.com with a lot of cool features and cashback.
- Paycent: Paid card.
- Monolith: Paid card.
- Spectrocoin debit card: Paid crypto card.
Binance is a cryptocurrency trading exchange that is the largest in the world in terms of trading volume. Apart from offering a web-based trading platform, Binance also provides crypto debit cards. You can use this card at more than 60 million merchants worldwide. All you have to do to use this card is transfer cryptocurrency from your crypto wallet to your card wallet. You can transfer and hold money in your card wallet only when you’re making payments. Read more about this exchange in our Binance review.
Moreover, another benefit that Binance crypto debit cards provide over traditional debit cards is that you don’t have to pay any service (e.g. subscription or maintenance fee) or transaction fees. The payments are free in both dollars and euros. Not only this, you can also get up to 7% cashback in BNB on eligible purchases. However, note that you might still have to pay fees for any third-party services.
The Binance Card uses VISA powered by Swipe and is available in Asia and Europe. The cashback is based on the amount Binance Coin (BNB) you hold in your wallet (doesn’t matter which wallet, as long as it is on the exchange).
|Card Level||Average BNB Held||BNB Cashback|
Crypto.com is another website that provides five varieties of debit cards. You can use these cards to spend Crypto.com’s native token called CRO (or Crypto.com Coin). Each of these cards are different based on the amount of CRO that you are staking.
You even get rewards in CRO on your purchases. For example, you get a 8% reward for the card at the highest tier. The only limitation to this system is that transactions in digital wallets, banking services, crypto exchanges and remittances are excluded. Hence, you won’t receive a CRO reward for these transactions.
Based on your card, you can get CRO rewards on your payments for the following services:
- Spotify (100% cashback)
- Netflix (100% cashback)
- Prime (100% cashback)
- Expedia (10% cashback)
- AirBNB (10% cashback)
Some of the cards even provide bonus interest and a private jet membership. For detailed information on these benefits, you can check out the image below.
TRASTRA is a cryptocurrency card available for the residents of European countries. It helps users convert a wide range of cryptocurrencies into euros, which can be loaded into the card.
You can use the TRASTRA card to shop across the world, pay merchants, send and receive payments to and from other cardholders at extremely low fees.
In comparison with other cryptocurrency cards, TRASTRA doesn’t have a fee to load the card nor does it have any fees for offline and online purchases in euro. Users can send their crypto to other TRASTRA wallets free. Apart from the standard mining fee, there is no commission on external cryptocurrency transfers as well.
With the brand-new IBAN accounts available, TRASTRA makes it easy for European residents to join the world of cryptocurrencies, without having to involve their local bank.
TRASTRA card can be obtained for the relatively low one-time fee of € 9 and a monthly card management fee € 1.25 only. This provides you with a plastic card delivered to a specified address, as well as free cryptocurrency wallets, friendly and responsive customer support available 24/7.
Bitpay is another popular crypto debit card and is only available to US residents. This card is on the more expensive end as it comes with several types of cost. You have to pay a purchase fee of $9.95, which is a one-time cost. You also have to pay $2.25 every time you are issued a non-reloadable virtual VISA. For ATM withdrawals, the fee is $2. A conversion fee of 3% is also applied every time you’re making a purchase.
The benefit of this card is that it provides excellent security and can be used anywhere in the world.
Paycent is a Singaporean company that offers crypto debit cards. It supports a wide range of cryptocurrencies including Bitcoin, Ether, Ripple, Litecoin and Dash. You can use your Paycent debit card anywhere in the world. Specifically, it is accepted by around 36 million merchants in 200 countries. You can choose from 3 Paycent cards: Ruby, Sapphire and Solitaire.
Monolith is a crypto debit card that connects to a non-custodial wallet, which is basically a type of wallet that allows you to have complete control over your funds. Currently, Monolith only supports Ethereum and says that it will add new cryptocurrencies soon.
Spectrocoin debit card
Spectrocoin is an European all-in-one solution for cryptocurrency with over 1 million users worldwide. They offer a crypto debit card which converts your cryptocurrency to euros. This is way you can easily spend more than 20 different cryptos in stores which accept VISA cards or you can withdraw your crypto from an ATM. You can manage your funds via the iOS and Android app.
The one-time debit card fee is € 7 and € 1,15 monthly. This amount will be deducted from your wallet. Other costs, like ATM withdrawal fees, sale/online transaction fees and limits can be found on the website.
The card production will take up to 3 business days and standard shipping will take up to 10 business days. If you want to receive your card faster, you can select Expedited Shipping. You will receive your card within 2 business days for a 35 euro fee.
Crypto debit cards are a great option for those who are looking to be a part of the cryptocurrency revolution. They are a bridge between the traditional finance system that has existed for hundreds of years and the new financial system where everything is decentralized. Crypto debit cards are gaining popularity since it is a vehicle to spend your crypto without converting it to your local fiat currency.
Binance and Crypto.com makes it possible to do this totally free and even provide cashbacks on your purchases.
Is the crypto debit card free?
This depends on the issuer. The first 2 picks are 100% free and even give you extra perks.
Can I get a cashback on my purchases?
Yes, the first 2 cards give you a cashback up to 8% on your purchases. Not all purchases are eligible for a cashback.
Are there more bonusses?
Yes, some issuers also give you a discount on Netflix, Spotify and Amazon Prime.