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Crypto Debit Cards: The Quick & Easy Guide For 2020

crypto debit card
crypto debit card

Using your cryptocurrencies has never been easier, all thanks to cryptocurrency debit cards! As new crypto cards keep emerging, you need to need a constant update of the best in the market. Here are the top five crypto debit cards:

BlockCard

BlockCard is a cryptocurrency debit card powered by Ternio, a company launched in 2018. BlockCard is currently being offered in the United States and has plans to expand to the United Kingdom and surrounding European countries. Recently, BlockCard was rated as the number one debit card by CryptocoCurrencyCard.org. This debit card has it all. It combines ease of use and accessibility, which has given it an overall score of 9.2. The card supports 13 cryptocurrencies and has an optional FDIC insured bank account.

To get the card, as a user will need to visit the BlockCard website, click register and pass the verification process. You will also need to deposit cryptocurrencies into your account to order for the card. Once you complete the registration process, you will gain access to the virtual card. The physical card will be mailed to you in 7 to 10 days. As a cardholder, you can connect your card with google and apple pay. 

BlockCard offers competitive fees to its customers. For instance, there are no crypto deposit fees, transaction fees, and exchange fees for users. The first fee applied by this card is a $5 fee for users who spend under $750 for that month. Users are also charged an ATM fee of about $3. In addition, the card offers lucrative rewards, including a 6.38% crypto return on all purchases

Coinbase Bitcoin debit card

This crypto debit card was launched by Coinbase, one of the leading cryptocurrency exchanges. The card is currently being offered to customers within the European Union region. This is among the few cards in the industry that are easy to use for beginners. The card is linked to the user’s Coinbase account and the Coinbase app.

The card has standard fees, including a €4.95 fee for issuing the card, and ATM fees are 1%domestic or 2% international. However, there are no withdrawal fees for any amount of withdrawal under 200 GBP.  Users also pay an insurance fee of 4.95 GBP

Crypto.com Card

Founded in 2016, Crypto.com is strictly a mobile application.  This application is available on Android and iOS. Notably, the platform consists of different blockchain platform that creates the MCO ecosystem. These products include a mobile wallet app, the Crytpo.com (MCO) token, MCO Visa card, and MCO Crypto invest services.  Recently, the Crypto.com team announced they will discontinue supporting MCO in favor of CRO, their other cryptocurrency.

For fees, Crypto.com does not charge an issuance fee.  There is no commission when a cardholder spends. There is also no maximum deposit limit. However, there is an ATM withdraw fee of about 2% for the amount above $200 and the crypto.com makes money from the card in other ways.

WireX Card

WireX, previously known as E-coin, has over 1.8 million users and a transaction volume of $2.0 billion. The company supplies Chip and Pin visa debit cards that can be loaded through the Wirex desktop and mobile applications.  Despite having its headquarter in London, the application is operational in 130 counties except for the US. Users can connect their debit and credit cards to the application. You can exchange cryptocurrencies for fiat currencies, make payments, or buy more cryptocurrencies using the cards.  

WireX also offers six cryptocurrency wallets to its customers. For fees, the application charges differently depending on the currency used. Card applications are free. The applications charge an account management fee of $1.5 per month, a $0.28 transaction fee for all dollar accounts, and $3 for any virtual card you order after the first card.

Bitwala Card

Bitwala is a debit card from MasterCard. It is offered by a Germany blockchain, which considers itself the first crypto bank.

The card is linked to the user’s bank account.  This card one of the best offers when it comes to fees. For instance, there are no fees for ordering the card, ATM services, bank account, and card transaction.  The only fee charged if a 1% trading fee. Purchasing limits are set to €1,500 daily. This, however, can be increased if needed to €3,000 or more. 

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