- Best overall: Coinbase card
- Best for Rewards: Crypto.com Cards
- Best for international users: Crypterium
- Best for EEA residents: Binance
- Best Credit Cards for USA 🇺🇸 Residents: BlockFi Bitcoin Credit Cards
Bitcoin is now over 12 years old.
Although the number of merchants accepting bitcoin is thriving, it is a bit difficult for a normal user to quickly use BTC on goods and services.
If you find a merchant that accepts bitcoins directly, then all is well.
If not, then you need to sell your BTCs on a stock exchange yourself, withdraw the fiat currency back to your bank account and then use it.
But with Bitcoin debit card, a few of these steps have been eliminated. The card companies are in charge of the exchange part and you just use your BTCs freely.
Here are the best Bitcoin debit cards to use in 2022:
- Crypto.com card
- Binance card (up to 8% cashback)
- BlockFi Bitcoin rewards credit cards 🇺🇸 (1.5% cashback)
- Wirex debit card (5% Cashback)
- Cryptopay debit card
- Nexo card (about to be launched)
- Coinbase Bitcoin debit card
- Bitpay debit card
That is why today we will discuss such Bitcoin debit card services, which allow you to easily use your bitcoins even if a merchant does not accept bitcoins.
Best Bitcoin Debit Card: One with value for money
1. Crypto.com MCO Visa Card (Metal Visa Card)
MCO Visa cards from Crypto.com are perhaps a sought after card by almost all crypto users. MCO Visa cards are metal cards and come in different variants.
The MCO Visa card is available in the US, Singapore and a few other countries. They also have an altcoin called MCO that you can use with your card to enjoy the benefits such as:
- Free Netflix account
- Free Spotify subscription
- More cashback for each spent
- Cashback on Airbnb and Expedia reservations
The features of this card are designed for modern users like you and me, and let’s take a look at some of the features of MCO Visa cards.
The steel card adds elegance to this popular Bitcoin debit card.
2. Binance card
Binance the world’s largest crypto exchange offers a zero fee via cards. This card is available to all Binance users in selected areas.
You just fill up your card with funds through the Binance Card app in the form of Bitcoin or BNB and you are ready to go. It’s as simple as transferring BNB from one wallet to another. Your card will then use this balance for your card payments and automatically deduct all expenses from the balance each time you make a payment. The Binance Card will be accepted by more than 46 million merchants offline and online in 200 regions and territories, making crypto shopping easier than ever before.
At the time of updating this post, the Binance card is available in the EEA region.
Benefits of the physical Binance card
- EUR 8,700 daily consumption limit
- 290 EUR daily ATM
- Up to 8% cashback
- Free card
To order Binance cards, you must log in or register an account at Binance.
Once logged in, select Finance> Binance Visa Card
From here you can apply for Binance Visa cards.
3. Coinbase Card
Availability: USA and selected European countries
Visa-powered Coinbase cards are available to all Coinbase users in the United States and internationally. Users can use this card to make online payments, in-store payments and also for ATM withdrawals. You can use your Coinbase account funds for card payments.
There is no card issue or transaction fee for US users, though overseas users have to pay ₤ 4.95 and 2.9% respectively. If you are new to Coinbase, read my previous review of Coinbase to learn all about this popular exchange.
Coinbase Card allows you to use crypto or USDC wherever VISA cards are accepted. You can use your card to use any of the cryptocurrencies that you own. Crypto or USDC is deducted directly from your Coinbase account and used to fund your purchases.
For US-based users, there are no application fees and the card is free as long as your Coinbase account is verified. If you live outside the US, there is an issue fee of £ 4.95 / € 4.95. The chart below shows all the costs associated with Binance cards for non-US users:
4. BlockFi Bitcoin Credit Card:
Although this post is dedicated to Bitcoin debit cards, I feel it is important that you pay attention to the world’s first Bitcoin rewards credit card. This bitcoin credit card was brought to you by BlockFi, which started as a crypto-lending and lending platform.
This credit card is available to eligible users based in the US and it provides 1.5% cashback in Bitcoin on every consumption, which is significant. There are various other benefits that you would get, such as higher borrowing rates, lower trading fees to name a few.
Here are a few more benefits of this Bitcoin credit card:
- $ 250 in bitcoin as a sign-up bonus if you spend $ 3,000 within your first three months
- 3.5% bitcoin rewards on all purchases in month 4-6 with card ownership, up to $ 100 in bitcoin
- 2% extra APY on your average daily stablecoin balance, paid in bitcoin, up to $ 200
- 0.25% left in bitcoin on all eligible trades, up to a maximum of $ 500 in bitcoin each month
For anyone looking for a Bitcoin credit card and based in the US, this is the best option out there. This is also the first Bitcoin credit card to have Bitcoin in its design. You must sign up for the waiting list to access this caed.
5. Wirex Bitcoin debit card
Wirex, formerly known as E-coins problems, is a popular Bitcoin debit card. It is available in both virtual and physical forms and is provided free of charge to you until further notice. [Limited time offer]
|Wirex Bitcoin debit card|
|Supported currency||USD, EUR, GBP|
|has an app||Yes|
In addition, it provides 0.5% crypto-cashback when you make in-store purchases. It is also a debit card. Non-prepaid debit card. You also get an account number and sort code (just like a traditional bank), so you spend the money in your account with the card. Note: The GBP card is a Visa debit card and the EUR or USD cards are prepaid cards and service is available only for users in Europe and the UK.
You can also freely use the Wirex app / wallet to send, receive and control money worldwide.
Please note that all standard fees apply to Wirex Bitcoin debit cards and registration is not anonymous.
6. Cryptopay Bitcoin debit card
Availability: UK and Europe
Cryptopay was founded in October 2013 and is a wallet and payment platform where merchants and consumers can trade with each other.
|Cryptopay Bitcoin debit card|
|Supported currency||USD, EUR, GBP|
|has an app||Yes|
Cryptopay issues Bitcoin debit cards, which is a low commission. They are delivered worldwide for free within 3-10 days. They are issued in both physical and virtual card forms.
No ID verification is required to order your Cryptopay Bitcoin debit card, but it is not anonymous as your name and email ID are required for registration.
It is accepted wherever Visa debit cards are accepted.
Fees for plastic cards:
Virtual card fees:
7. Crypterium (also supports Brazil, India and more)
If you are from a country where no one serves Bitcoin debit cards, you may be lucky with Crypterium prepaid debit cards. We have many CoinSutra readers from India, Brazil, Nigeria and a few other similar countries who are able to grab Bitcoin debit cards using the Crypterium service. Crypterium debit cards are powered by Visa. Read complete Crypterium review.
Using the Crypterium Visa card, you can purchase products online and offline. You can also withdraw money from ATMs across the globe using the Crypterium card.
A few things to know:
- You can order the card from Crypterium’s mobile app
- Right now, only one card is available, which costs around $ 9 + shipping costs.
- Delivery is managed by DHL (if you choose a paid one)
- After ordering, it can take 2-3 weeks before the card is sent.
8. Nexo card
Nexo is one of the unique services on this list of physical card and also offers free virtual cards for secure online purchase. Nexo wallet offers zero transaction fees and you can easily use your existing money to spend with your card. There are no monthly / annual fees, no currency charges.
Features on the next map:
- Freeze and release your card with a single tap.
- Create free virtual cards for online purchases
- Cashback on all purchases
- Payment in local currency
- See your PIN and change it at any ATM
9. Uquid Bitcoin debit card
Uquid is a multi-cryptocurrency payment card issued by a UK-based company. It supports more than 40 cryptocurrencies (including Bitcoin).
You can top up your debit card using popular currencies like Bitcoin, Ethereum, Ripple, Litecoin, Monero, Dash, Augur, MaidSafeCoin, Steem and Dogecoin.
|Uquid Bitcoin debit card|
|Supported currency||USD, EUR, GBP|
|has an app||Yes|
Your card will be sent free of charge to 178+ countries at no extra charge. It reaches you within 2-3 working days, which is faster than its peers.
The card is available in both virtual and physical forms and gives you the highest Bitcoin market price while converting your BTCs to GBP, EUR or USD.
Which Bitcoin debit card should you choose?
Today, many financial startups are coming up with more and more crypto debit cards.
So how do you choose the best one for you among so many available options?
In my opinion, you should pay attention to the following things before choosing your Bitcoin debit card:
- Do they serve in your country?
- Is the fee structure reasonable?
- Is it a VISA / MasterCard?
- Are their software wallets error free?
- Are there additional fees?
- Is the start-up well-financed?
- What is the background of the company?
MCO Visa card seems to be the best Bitcoin debit card at the moment.
The others we have mentioned above are all very reputable and will provide you with a great Bitcoin debit card service. But it is always recommended to do your due diligence.
Is Using a Crypto Debit Card a Taxable Event?
Yes, when you use a crypto debit card, it is a taxable event. You need to keep a record of your transaction and include it in your finances. You can use tools like Cointracker to automate this aspect of tax accounting.
Which Crypto Debit Card Works For India?
Now we would like to hear your experience of using Bitcoin debit cards. Which card do you use? Which card do you recommend? Tell us in the comments section below!
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For further reading:
Harsh Agrawal is the cryptocurrency exchange and bots expert for CoinSutra. He founded CoinSutra in 2016 and is one of the industry’s most respected professional bloggers in the fin-tech field.
An award-winning blogger with a track record of 10+ years. He has a background in both economics and technology and has professional qualifications in information technology.
An international speaker and author who loves blockchain and the crypto world.
After discovering about decentralized economics and with his background in information technology, he made his mission to help others learn and get started with it through CoinSutra.
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