Crypto debit cards allow users to spend their cryptocurrency holdings with a traditional debit card. These cards are linked to a user’s cryptocurrency wallet and converts the user’s crypto holdings into the local currency when a purchase is made. This allows users to easily spend their crypto at any location that accepts Visa or MasterCard, without having to go through a more complex process to first convert their holdings to FIAT-currency.
Here are our top 5 crypto debit cards currently available in 2023:
- Crypto.com Visa Card: This card is available in over 130 countries and offers cashback rewards of up to 8% on all purchases. It also offers a 100% refund on all subscription and delivery fees for Netflix, Spotify, and other streaming services.
- Wirex Visa Card: This card is available in over 130 countries and offers a 0.5% cashback reward on all purchases. It also allows users to exchange between fiat and crypto within the Wirex app at competitive exchange rates.
- Binance Visa Card: This card is currently available in select European countries and offers cashback rewards of up to 2% on all purchases. It also allows users to easily convert their crypto holdings to fiat currency within the Binance app.
- Coinbase Visa Card: This card is available in select European countries and offers cashback rewards of up to 4% on all purchases. It also allows users to easily convert their crypto holdings to fiat currency within the Coinbase app.
- BitPay Visa Card: This card is available in the US and allows users to easily convert their crypto holdings to USD, which can then be spent using the card. It also offers cashback rewards of up to 3% on all purchases.
The current state of availability of cryptocurrency debit cards varies by region. In some countries, such as the US and Europe, there are several options available. However, laws and regulations regarding the use of crypto debit cards can vary by country, which may impact their availability in certain regions.
Overall, the use of crypto visa cards is becoming increasingly popular as more people become interested in using cryptocurrency as a form of payment. While the availability of these cards may vary by region, they offer a convenient way for users to spend their cryptocurrencies without the need to converting crypto to FIAT and then making a withdraw to their bank account or any other traditional payment providers.