20 Best Crypto Credit and Debit Cards For Crypto Beginners and Veterans in 2022
In the early days of crypto, holders generally used currencies like Bitcoin for peer-to-peer (P2P) transactions. Now, crypto debit and credit cards make it much easier to convert cryptocurrencies into fiat to use for payment. Whether you’re new to crypto or a long-time investor, a crypto card can help you access and use your digital holdings.
This article lays out the best crypto credit and debit cards currently available to consumers, as well as two upcoming crypto credit cards. It also explains how you can decide which is the best card for you.
What Are Crypto Credit and Debit Cards?
A crypto credit card allows you to earn cryptocurrency as a reward for spending, while a crypto debit card converts cryptocurrency into fiat when you make a purchase or use an ATM.
Crypto Credit Cards Explained
As with regular credit cards, using crypto credit cards involves borrowing money from the issuer. When you make a purchase, the card company provides the funds necessary and your balance increases. As with regular cards, crypto credit cards allow holders to earn rewards for their purchases. What sets crypto credit cards apart is that the rewards come in the form of cryptocurrency that the issuer purchases for the holder.
One major benefit of using a crypto credit card is that it gives you a risk-free way to earn cryptocurrency just by making everyday purchases. This makes it a great option for hesitant, risk-averse newcomers to the world of crypto. The only significant drawback is the volatility of crypto markets, but at least cardholders will only be risking their rewards, rather than larger savings.
Crypto Debit Cards Explained
A crypto debit card is similar to a regular debit card in that the holder uses their own money to make purchases or withdraw cash from an ATM. Unlike regular debit cards, most crypto debit cards draw from the holder’s cryptocurrency accounts. This makes them a convenient way to convert cryptocurrency into fiat that you can use to make standard purchases. Other crypto debit cards allow you to preload fiat or digital currencies.
In addition to converting crypto into fiat, crypto debit cards often allow you to reduce foreign transaction fees and easily spend money in multiple currencies. Potential pitfalls include geographical restrictions and the triggering of taxable events for using cryptocurrency.
How to Choose the Best Crypto Credit and Debit Cards
While there still aren’t as many crypto cards available as conventional credit and debit cards, new options are appearing every year. As the number of choices increases, consumers need to put more thought into their decision. There are a few key factors that you should consider before choosing a card.
Types of Cryptocurrencies Available
First of all, you need to think about the type of cryptocurrency you’ll be using. Some crypto credit cards only let you earn rewards in a particular cryptocurrency, and some crypto debit cards can only connect with certain cryptocurrency accounts. If you’re new to the world of crypto and you don’t care which currency you end up using, this shouldn't be an issue. If, on the other hand, you already have a currency of choice, you’ll need to find a card that allows you to use it.
When comparing the best crypto credit cards, you should weigh the rewards that each card offers. In general, a higher rewards rate will allow you to earn more cryptocurrency. Some cards offer a flat rate for all types of purchases, while others offer higher rates for buying products and services that fall within certain categories. If you happen to spend a lot of money in a particular area, you may want to look for a card that will reward you for your habits.
While the best crypto credit cards are generally affordable, there are certain fees you should consider. Some cards charge an annual fee, while others are completely free. Foreign transaction fees are common, but you can find cards without them, which is an especially good idea if you often travel abroad. You should also look out for cryptocurrency sales fees, which are pesky charges that show up every time you sell the rewards you’ve earned in crypto.
Ease of Use
For many users, the main point of owning a crypto credit or debit card is to optimize crypto-to-fiat conversions. Your Bitcoin debit card will hardly prove useful if it doesn’t allow you to quickly and easily convert crypto into fiat. Unfortunately, some issuers use experimental methods that confuse cardholders and complicate conversions. By avoiding these types of issuers, you can ensure you get a card that truly serves your crypto needs.
A crypto card is only beneficial if you can actually use it. The world of crypto is evolving rapidly, and every month seems to bring a new set of regulations. Amid this dynamic environment, you need a card that’s currently usable in your preferred location. That way, you can make sure you maintain constant access to your digital assets.
Best Crypto Credit Cards
As cryptocurrencies gain popularity, the number of crypto credit cards available is steadily increasing. That means consumers need to be especially discerning before making a choice. Here are six of the best crypto credit cards currently on the market. While each individual has their own needs and expectations and should choose a card accordingly, you can’t go wrong by picking any of the cards on this short list.
1. Nexo Mastercard
The Nexo Mastercard is one of the best crypto credit cards for anyone looking to take out large loans in cryptocurrency. You can use the card for loans worth up to $2 million with your current crypto holdings acting to secure the financing.
Even if you’re not interested in large-scale loans, the Nexo Mastercard is still an appealing option. One major perk is availability, with the card usable anywhere that Mastercard is accepted. You can also earn 2% rewards, a competitive rate that many cardholders are happy with. The associated smartphone app makes the card incredibly user-friendly, allowing you to easily set notifications, change your pin, and freeze the card if it’s been lost or stolen.
2. Venmo Visa
If you already have the Venmo app, then the Venmo Visa credit card will be easy and convenient to use. You can sync the Bitcoin credit card right to the app, making it simple to track purchases and monitor your rewards. The card itself is customized with a special QR for easy syncing.
With no annual fee and rewards up to 3%, the card is financially favorable. Converting those rewards into crypto allows you to fatten your digital wallet without taking on too much risk. The combination of financial payoff and convenience makes this one of the premier crypto Visa cards on the market.
3. Gemini Mastercard
The distinct rewards structure and wide compatibility of the Gemini Mastercard make it one of the best crypto credit cards available. Cardholders receive 3% back on all annual dining purchases up to $3,000 per year, 2% on groceries, and 1% on all other purchases. These rewards are automatically paid in Bitcoin or one of the other 50 cryptocurrencies compatible with the card.
Gemini Mastercard is usable anywhere that accepts Mastercard. A user-friendly app makes it simple to monitor transactions and manage your account. There is no annual fee, but transaction fees fall between 0.5% and 4%. The exact fee will depend on your specific card.
4. Upgrade Bitcoin Rewards Visa Signature Card
This Bitcoin credit card provides an easy way for beginners to enter the world of crypto. Its terms are simple, and the barrier to entry is negligible. Even if you only have fair credit, you should be able to get pre-approved almost immediately. From there, you’ll earn 1.5% percent on all purchases, paid directly in Bitcoin. You’ll also receive a $200 bonus just for spending $500 on the card and making three consecutive payments.
The one significant downside to this crypto Visa card is that it doesn’t allow cardholders to transfer Bitcoin, something especially likely to bother experienced crypto enthusiasts. All the same, the Upgrade Bitcoin Rewards Card represents one of the best crypto credit cards for beginners and people with average credit.
5. BlockFi Rewards Visa Signature Card
This crypto Visa card has long been a favorite among beginners and crypto enthusiasts alike. The combination of steady crypto rewards and an extremely generous introductory offer makes the BlockFi Rewards Visa Signature Card one of the best crypto cards on the market.For the first three months after receiving the BlockFi Rewards Visa Signature Card, you can earn up to $100 in crypto with a 3.5% reward on all purchases. Once that introductory period is over, you’ll earn 1.5% on your first $50,000 of spending and 2% on subsequent spending, all paid in crypto. You’ll also have constant access to the Visa Signature Concierge Service, designed to help you book travel and schedule activities.
6. SoFi Mastercard
With decent reward rates, widespread usability and a set of unique perks, the SoFi Mastercard deserves its place on any list of the best crypto credit cards. The 1–2% cashback offer makes the card a great way to add to your savings. You can also reduce your APR just by meeting payments on time for a year.
You can use the Bitcoin credit card throughout the Mastercard network, giving you the flexibility to make most purchases without any hassles. There’s no annual fee, and you can easily manage your account and redeem rewards through the SoFi app. Additional perks include free cell phone insurance and discounts with Lyft, Boxed™, and other popular brands.
Best Crypto Debit Cards
While crypto credit cards are great for earning cryptocurrency in the form of cashback rewards, crypto debit cards are the better option for people looking to use the cryptocurrency they already own. With so many fantastic cards on the market, it’s never been easier to convert crypto into fiat and use it for everyday purchases. Here are 12 of the best crypto debit cards on the market, each of which has its own set of favorable properties.
7. Crypto.com Visa
If you’re looking for a crypto debit card to sink your teeth into, then this is one of the best cards to consider. The Crypto.com Visa is the world’s first free, metal and crypto-linked debit card. With no fees, a straightforward top-up model that makes it easy to load your account with Bitcoin and other digital currencies and an aggressive marketing campaign that's involved the likes of Lebron James and Matt Damon, it’s easy to see why many investors are owners of it. Once you’ve got the currency loaded, you’ll be able to instantly spend or withdraw it wherever Visa is accepted.
The card provides holders with reimbursements from subscription services like Netflix, Amazon Prime and Spotify. About to jet off on a holiday? Make sure you pay the Crypto.com airport lounge a visit. Alongside the obvious benefit of making it easier to spend your cryptocurrency, these perks make the Crypto.com Visa card one of the best crypto debit cards available.
8. Coinbase Visa
This is among the best crypto debit cards for anyone already using Coinbase, one of the world’s most important crypto exchanges. You can use the card anywhere within the Visa network, and purchases and withdrawals will be drawn directly from your Coinbase account. Crypto rewards are also significant, with cardholders receiving crypto back at a 1% rate for Bitcoin and a 4% rate for XLM.Considerable transaction fees represent the one downside to this particular Bitcoin debit card. The cryptocurrency liquidation fee is almost 2.5%, while the international transaction fee stands at 2%. There’s also a $2,500 spending limit and a $1,000 withdrawal limit, with 1% penalties imposed for surpassing those allowances. All the same, most experts consider the Coinbase Visa card to be one of the best crypto debit cards for regularly using digital currencies.
9. eToro Money Card
The eToro Money card is a Bitcoin debit card designed to accompany an eToro Money account. You can use the account to manage cryptocurrencies while paying for everyday purchases. There are no annual fees associated with the account or the card, but you will have to pay ATM charges and other transaction fees.
Crypto enthusiasts can use eToro as a comprehensive trading platform. Instant transfers will allow you to draw from the trading platform to restock your account. Then, you can use the card to make purchases around the world. The associated app, meanwhile, allows you to monitor your transactions and even make bank transfers.
10. Swipe Visa
The Swipe Visa card is widely considered one of the best crypto debit cards for regularly using cryptocurrency on everyday purchases. It comes in four different tiers, each of which has different requirements and provides a unique rewards rate. The most basic card has a one-time $25 fee but offers only 1% cashback in the form of Bitcoin. Higher tiers offer up to 4% rewards, but you’ll need to stake cryptocurrency in order to own the card.
Cardholders can earn additional rewards by staking more currency, or by spending SXP tokens on Binance Chain or Ethereum. You’ll also earn extra rewards for purchases with certain brands, including Netflix, Amazon Prime and Airbnb. There is a 2% foreign transaction fee, but it only applies to the lower-tier cards.
11. TenX Visa
While availability remains a major issue, this crypto Visa card is one of the best crypto debit cards for consumers who want an easy way to spend their digital currency. It allows you to instantly spend Ether, Bitcoin and Litecoin within the Visa network. You can also use the card to withdraw cash from ATMs.
The TenX Visa is a Bitcoin prepaid card. The associated app for iOS and Android makes it easy to load the card with crypto. The biggest problem with this crypto Visa card remains the limited availability. As of now, the card is only accessible in three countries, and it remains out of reach for consumers in the United States. Wherever it’s available, however, it is considered one of the best crypto debit cards.
12. Wirex Visa
The Wirex Visa card is one of the best crypto debit cards for international transactions. International ATM withdrawals are completely free, and you can use the card with more than 80 million global vendors. Compatible with over 150 different currencies, this is the crypto Visa card that every globetrotter needs.
Wirex offers cardholders rewards through its subscription Wirex Cryptoback™ service. While there is no annual fee, the 2.5% transaction fee will take a small chunk out of your total rewards. As far as convenience is concerned, the associated app makes it simple to set a budget, track spending and receive alerts.
13. Crypterium Visa
Crypterium is a company that provides consumers with a crypto wallet, and the Crypterium Visa card makes it easy for shoppers to access and use their crypto funds. It’s a prepaid crypto Visa card, and it makes turning crypto into fiat as simple as can be. This is unquestionably one of the best crypto debit cards for anyone who already has a Crypterium wallet, and it’s also a great choice for beginners who would like to get a crypto debit card and a crypto wallet simultaneously.
This is an especially convenient Bitcoin debit card. You can receive the digital version of your new card in a matter of minutes. The card connects to Apple Pay, and you can withdraw up to $2,976 in fiat every month.
14. Binance Visa
Binance is one of the largest cryptocurrency exchanges in the world, and the Binance crypto Visa card gives holders constant access to digital funds. While it’s not available in the United States, it remains one of the best crypto debit cards for global consumers. Once you’ve got a card, it can be used internationally, and the combination of low spending fees and generous withdrawal limits makes it a user-friendly option.
This crypto Visa card only works if it’s linked to a Binance account. If you’ve already got an account and you’re based outside of the United States, then this is probably the perfect Bitcoin debit card for you.
15. BitPay Mastercard
Not only is this Bitcoin debit card one of the best crypto debit cards available today, but it’s also linked with an especially reputable player in the crypto industry. Since 2011, BitPay has been helping traders get the most from their Bitcoin. The BitPay Mastercard, which works in concert with the BitPay Wallet, helps holders use their Bitcoin holdings in daily life.
The card charges a one-time $10 fee, and it’s available throughout the United States. There are no monthly fees, and it’s completely free to load more Bitcoin onto the card. While the card offers no rewards, it remains an excellent option for simple spending. Keep in mind that the BitPay Mastercard is only a Bitcoin debit card, and can’t be used with other cryptocurrencies.
16. Nuri Mastercard
This is one of the best crypto debit cards available on the European market. What sets it apart is that it comes with a crypto-friendly bank account, giving cardholders an easy way to manage their entire crypto portfolio. Free international ATM withdrawals allow holders to quickly and easily convert crypto into euros.
While often used as a Bitcoin debit card, the Nuri Mastercard also supports Ether. The associated bank account allows users to store crypto assets and even earn interest. If you want your crypto holdings to act more like regular savings, then this might be one of the best crypto debit cards for you.
17. Club Swan Mastercard
This is an excellent crypto debit card for both beginners and experienced crypto investors. While the starting fee of $129 is higher than most Bitcoin debit cards, and the $35 monthly fee is unusually steep, the perks of the Club Swan Mastercard might well make up for the high cost of entry.
Club Swan’s concierge service helps holders book travel, order products, and take care of mind-numbing administrative tasks. The cashback rewards can rise to an incredible 20%, allowing some holders to make back much of what they spend in fees. The card is also usable wherever Mastercard is accepted. If you’re on the lookout for an upper-tier Bitcoin credit or debit card that really provides superior service, then this is probably the card for you.
18. Voyager Mastercard
Like many cryptocurrency exchanges, Voyager has recently decided to offer customers a crypto debit card. Unlike most debit cards, the Voyager Mastercard provides substantial cashback rewards. Cardholders can receive up to 3% back on the purchases they make with the card. That type of reward rate would be impressive even for a Bitcoin credit card, and it’s practically unheard of for a debit card.
There’s no annual fee for the Voyager Mastercard, and you’ll have access to ATMs around the globe. You can manage your cards with an easy-to-use app, and you’ll receive account and routing numbers to conduct seamless transfers. For anyone with a Voyager account, the Voyager Mastercard is doubtlessly among the best crypto debit cards available.
Upcoming Crypto Cards
As cryptocurrencies move further into the mainstream, the stable of available crypto cards is constantly growing. While it’s important to learn about the best crypto credit and debit cards that currently exist, it’s also wise to keep your ear to the ground and learn as much as you can about upcoming releases.
These two Bitcoin credit cards are soon to be available, and you might want to consider making one of them the next addition to your wallet.
19. Celsius Credit Card
Celsius has long been a leader in the world of decentralized finance, and crypto enthusiasts have been looking forward to the release of the company’s new Bitcoin credit card for months. It will work as a crypto Visa card, usable for purchases and ATM withdrawals anywhere within the Visa network.
This Bitcoin credit card will prioritize flexibility. Cardholders will be able to pay their bills with stablecoins, fiat, or the crypto rewards from the card itself. Celsius will also forego annual fees, ATM fees, and even penalties for late payments. The Celsius Credit Card is expected to be released sometime in 2022 and there is currently a waitlist for prospective cardholders.
20. SALT Credit Card
SALT, a popular lending company within the crypto world, is now planning to launch one of the best crypto credit cards on the market. Like some of the world’s other foremost crypto credit cards, the SALT Credit Card will offer cryptocurrency as a reward for making purchases. Unlike existing options, the SALT card will allow cardholders to use crypto holdings as a form of credit. This places it among the best crypto credit cards for anyone with significant amounts of digital funds who wants a higher credit limit.
While no release date has been set, crypto enthusiasts are already signing up for the card’s waitlist in droves. If you’re after a Bitcoin credit card that turns your crypto holdings into credit, then you might want to consider adding your name to the SALT list.
The Bottom Line
There’s never been a better time to take out a Bitcoin credit or debit card. The variety of available cards is steadily growing, and each option comes with a unique set of valuable perks. Now that you’ve learned about some of the best crypto credit and debit cards on the market, you should be ready to make your final choice.