Once perceived as a passing trend, cryptocurrency is now going mainstream, with hundreds of recognised brands such as Tesla, Microsoft, and Paypal adapting to these alternative payment methods. While buying and selling cryptocurrency is becoming increasingly mainstream, the opportunities to spend this digital currency are somewhat limited in comparison.
However, recently emerging crypto-friendly credit/debit cards make spending cryptocurrency easier and introduce the ability to earn spending rewards. Cryptocurrency bank cards let individuals make online or in-person purchases or withdraw cash from ATMs using crypto, even if the vendors and ATMs don’t accept it. Keep reading on to discover our top recommendations for the best crypto-friendly bank cards.
Nexo Card
Launched in 2017, Nexo provides a crypto-powered debit card in partnership with Mastercard and is the only card that allows you to spend without selling your cryptocurrency holdings. It eliminates most of your standard credit card fees — no monthly payments, no annual fees, and no FX fees – also recognised by over 40 million merchants globally. Nexo boasts 2% cashback each time you use your card to make a purchase. You can choose whether to receive the rewards in NEXO tokens or Bitcoin currency, and you can also switch between options before making a transaction. Their platform provides ‘High-yield’ interest rates that range from 6% to 12%, interest is calculated daily in your Nexo account.
Revolut
Revolut is a crypto credit card service but offers much more in the way of money management. While using Revolut, the app uses spending analytics to help you track and manage your money better. With no minimum amount requirements, you can set budgets, receive instant spending alerts and see weekly insights to help track you’re spending. You can also exchange money without any hidden fees and get daily discounts and rewards to redeem on retail, travel, restaurants, and more. You can also use your crypto-friendly bank card alongside a reliable crypto price predictions tool. This will further help you manage your cryptocurrency affairs and keep an eye on the ever-changing market.
Swipe Visa Card
The Swipe Visa card allows you to access your wallet balance at millions of worldwide locations without worrying about foreign transaction fees. Card perks are also in plenty, including 8% cashback and top-brand rebates. You have the feature to link Swipe with other applications such as Google, Apple, or Samsung Pay, and there is access to more than fifty cryptocurrencies, stable coins, and fiat currencies.
Cryptopay
If you’re planning to use your crypto-friendly bank card daily, a provider such as Cryptopay might be the best solution for you. Cryptopay has both virtual and plastic card options for those looking to maximize daily usage as you can spend up to ₤30,000 in a single online transaction. Cryptopay supplies you with a plastic card for use at Visa-accepted locations for ATM withdrawals and to spend your cryptocurrency, and the virtual card is meant for online use and big purchases. Overdraft protection also comes included with the Cryptopay card, so you don’t have to worry about any unseen fees.
Henry Lares is still early into his career as tech reporter but has already had his work published in many major publications including Tech Crunch and the Huffington Post. In regards to academics, Henry earned an engineering degree from Apex Technical School. Henry has a passion for emerging technology and covers upcoming products and breakthroughs in science and tech.