CryptoCreditCard.com - 2023 guide on crypto credit cards. 💳

What is a Crypto Credit/ Debit Card?

Let us start you off with the basics, and what each type of card can deliver for you, based on what you would like to achieve having one.

The main difference between debit and credit cards is that in the first case you have your own money and in the second you use someone else’s money. Sometimes it may be more appropriate to use a credit card instead of debit card. You will need to check the terms and make the best decision for you.

Crypto Credit Card

Crypto credit cards work on a remarkably similar basis to regular bank credit cards. When you need money to buy crypto, but do not have enough in your account, you can borrow from a financial institution. Of course, you need to pay back in agreed time with some additional taxes and interests.

Crypto Debit Card

The crypto debit cards are almost the same as the real debit cards. The only difference is that they let you buy and sell cryptocurrencies, which is not always possible with regular bank debit cards. Again, you need to be careful about the taxes that you must pay and to choose the one that best fits the selected transaction.

Features & Fees

In comparison to the regular credit and debit cards, the crypto cards differ with saucey features and even saucer fees. Take a peek down below:

Features

Automatic currency conversion

The crypto cards automatically transfer your cryptocurrency into the fiat needed. Depending on the card you choose, be it VISA or MasterCard supported, you will either get what you want, what you have or what you need at the current situation transferred from crypto to fiat currency tax-free.

Purchase items and withdraw cash using Bitcoin via ATM (even if the ATM does not support Bitcoin yet)

Thanks to the automatic currency conversion, the VISA or MasterCard supported crypto debit and credit cards allow you to use every ATM seamlessly.

No credit checks

In contrast to the regular credit or debit card, you do not need to provide personal information and keep fingers crossed, hoping you will “pass” the bank check for credit score. With crypto cards you do not claim credit, you just upload your own balance.

The Rewards

A common thing for crypto credit and debit cards is the vast last of specific crypto (and not only) rewards the user can gain, while using the particular card. It is a true amusement going over all the top crypto credit and debit cards on the market, checking on all their colorful rewards. And just to make clear, “Refer a friend” is not even a starter here, it comes with the welcome drink. It is a path worth taking, dig in!

Fees

Depending on the provider you chose, the crypto credit and debit card fee may vary. Thanks to the vast and fast-paced market, the majority now aim for “No fee” options. However, it is not a goal we would set from a bird-eye point of view. Anyway, there are plenty of great working “no fee” options, eliminating the possibility of harming the market, speaking of “no administration fee”, “no transaction fee” etc. getting up to just flat fees, which is a decision maker for many users.

By all means, compared to regular credit and debit cards, the crypto cards have lowered the fee down to a significantly low percentage, which is also one of their USPs. Check on the different options of the best crypto debit and credit cards currently available on the market below:

The Best Crypto Debit and Credit Cards for 2023

Try it out	More details Free for US 2.9% liquidation fee 1% withdraw for daily limit 2% for abroad usage VISA supported Multiple wallets 9 currencies Highest security Up to 4%
Try it out	More details 10$ activation fee 5$ admin. Fee/monthly 3$ domestic ATM withdraws 3.50$ international ATM withdraws VISA supported Flat fee\monthly No deposit exchanges No withdraw fees Over 13 currencies 1% - 6.38%
Try it out	More details No issuance fee No withdraw fee 1% crypto account funding VISA supported Rewards in Bitcoin 19 cryptocurrencies 12 fiat currencies 10$ in Bitcoin from “Refer a friend” Up to 2% per purchase
Try it out	More details 200$ annual fee VISA supported Get 250$ in Bitcoin if you spend 3000$ within the 1st month Many bonuses Bitcoin rewards 3.5% for the 1st 90 days. 1.5% after
Try it out	More details No conversion fees internationally (if the main location is US) No transaction fee within US 3% internationally 2.50% fee for ATM withdraw MasterCard supported 6 cryptocurrencies 8 fiat currencies Allows to load or spend up to 10 000$ per day Allows 2000$ ATM withdraws per day Hold max balance of 25 000$ 3.5% for the 1st 90 days. 1.5% after
Try it out	More details No ATM withdraw fees No interbank exchange rates 7 metal VISA cards 90 cryptocurrencies 7 fiat currencies Different stake benefits for each card Streaming services 3% - 5%
Try it out	More details No administrative fee No processing fees No issuance fees No monthly fee Up to 0.9% transaction fee 5 cryptocurrencies Only converts at exact time the exact amount 8%

A glance beyond the horizon

Like with most innovations, there are always people who are looking few steps ahead and bringing the familiar and the modern together. There are already projects for crypto credit cards that promise effortless payments with no annual and payments fees, cashback, and cryptocurrency rewards on every purchase. Yes, a little far out, but Gemini (with the help of Mastercard) are working on this product, and it is almost live.

We hope that delivery of such projects will broaden the perspective of this market and allow more players to enter the scene, so that we diversify and decentralize these products for a broader audience.

Frequently Asked Questions

Let us go over a few basic questions, in case you were wondering:

Do I need a Crypto Card?

Some platforms for crypto trading are accepting regular bank cards, but others not. Even if the normal cards are accepted, there may be huge taxes that you need to pay for the transaction. Then it may be more suitable to get crypto card and decrease the unnecessary commission that you pay to the platform.

Is not cryptocurrency too volatile?

Cryptocurrency volatility holds some risk in it, but this is a preferred investment by some of the investors. It has some advantages of increasing price fast and if you buy and sell it in the appropriate time, you can increase your wealth very fast.

Do I need a Visa crypto card?

It depends on the platform that you would like to trade. Visa crypto card is commonly used, but some marketplaces are accepting other cards as well. You need to check the available payment options and decide which card to use. When you use many platforms and all of them support Visa crypto card, it may be a good decision to have all in one place.

Do I need a crypto wallet to get a Crypto Card?

It is not necessary to have a crypto wallet to have Crypto debit or credit cards, however it would be uncommon for someone transacting in cryptocurrency not to have a wallet where they store all their crypto assets. Actually, it should be the other way around – first you understand cryptocurrency enough to have a cryptocurrency wallet, then you may need a card to make payments outside the web.

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