BEST CRYPTO CREDIT CARDS TO USE IN 2020
The emergence of Bitcoin (BTC) in 2009 as the first cryptocurrency and a payment solution initially came with mixed feelings among financial and economic experts. However, the success and acceptance of Bitcoin have led to the emergence and development of new crypto projects, such as Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ripple's XRP, Monero, and more.
A critical aspect of this digital currency is its storage, usage, and acceptability. Crypto assets have been seen as the currency of the future. Hence, the extent of its influence and relevance in the world economy remains unknown. Crypto assets are the best alternative to the conventional and traditional financial system. The crypto credit cards serve as intermediaries or links between the traditional fiat currency system and cryptos' future.
Whether you are a regular and long-term crypto holder and enthusiast, trader, or investor, or possibly spend your digital assets occasionally to pay bills, you will eventually discover that crypto credit cards can come in handy. Crypto Credit Cards are a bridge to the future!
As the cryptocurrency industry continues to expand and gain relevance, more people are getting involved and having one crypto asset or another. For instance, in the United States, there is an average of 10 million Bitcoin holders and users. Like the regular credit card for fiat currencies, crypto credit cards can be loaded with the digital asset and used the same way as you would use your fiat-loaded debit and credit cards. However, it should be noted that these cards can only be used at merchants or stores that accept crypto payments.
As there are many crypto exchanges in the crypto market, there are several crypto credit cards on offer for cryptocurrency enthusiasts, users, traders, and investors. Sometimes, it can be confusing which one to choose and the cost implication of choosing a particular crypto credit card. Therefore, here is a list of some of the best crypto credit cards available in the crypto market and the digital currency industry.
THE BEST CRYPTO CARDS
Revolut has brought innovation and revolution to the handling of money and finances. In 2015, Revolut was launched in the United Kingdom as a money transfer and exchange service provider. In 2017, Revolut launched its crypto trading app giving the EEA customers the ability to buy, sell, and exchange their crypto assets effortlessly. The Revolut app enables you to get instant access to your cryptos in seconds at the touch of a button. This is likely the most popular Crypto Credit Cards imo due to its recent EU bank licensing. You can read about them in one of our previous articles here “The Ultimate REVOLUTE Digital Banking Review”
The company boasts over 12 million customers; over 30 in-app currencies can be exchanged into BTC, ETH, LTC, XRP, and BCH; 400 thousand business customers, and provides its services in about 35 countries. Revolut makes it easier for the transfer of cryptos to other Revolut members without any fee. The available credit cards are:
- Revolut Metal credit card with instant access to 5 cryptos, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC). This card has about £800 withdrawal per month with free international ATM withdrawals. It has a fee of £12.99 per month.
- Premium card also gives you instant access to 5 cryptos and 30 fiat currencies. It has a fee of £6.99 per month.
- The standard card has instant access to 5 cryptos and 30 fiat currencies. It has a monthly zero fee.
The Wirex card is a Visa card that supports more than 12 crypto assets, including BTC, LTC, ETH, XRP, NANO, DAI, and more. Wirex also supports three fiat currencies (EUR, GBP, and USD), which can also fund the card. The Wirex card can be used at any merchant or store where a Visa is accepted for payment. As one of the early popular crypto credit cards, Wires has become of the most used of crypto credit cards around. Meanwhile, the maximum deposit on this card is USD 1000. Besides, Wirex card lets you earn Bitcoin rewards with your everyday in-store purchases, and it has access to over 150 currencies. You can fund your Wirex card with credit/debit cards, bank transfer, or crypto.
Cryptopay offers virtual and plastic prepaid cards for ATM withdrawals and shopping. Cryptopay supports Bitcoin and fiat currencies such as GBP, USD, and EUR. You can use your Cryptopay card anywhere in the world for offline and online purposes. Cryptopay card is one of the crypto credit cards powered by Visa and enables you to spend your digital asset anywhere Visa is accepted for payment.
The Coinbase card enables you to spend your crypto assets anywhere. This crypto card is also powered by Visa; hence, it can be used at any merchant, ATM, or store where Visa is accepted for payment. Coinbase card helps you spend your cryptos the same way you will spend your fiat currency in your bank, as it can be used in millions of locations worldwide. The Coinbase card comes in physical and virtual form and supports BTC, ETH, LTC, and USD. The card is powered by the user's Coinbase account balance and wallet. The virtual mobile app of Coinbase is available for download on the App Store and Google Play Store for iOS and Android users, respectively.
The Bitpay card is a prepaid MasterCard designed for the crypto community. The card gives you instant access to reload your crypto balance with no conversion fees, and spend your digital asset the way you like. The Bitpay card comes with enhanced security, which enables you to lock your card and control how you spend. This Bitpay card is available in physical and virtual form – with physical MasterCard and a virtual mobile app (that can be downloaded in-app store and Google play store for iOS and Android users). This card can be used in millions of locations around the world, including the withdrawal of cash from any compatible ATM.
- ATM withdrawal limit: $2000 per withdrawal (3 withdrawal per day)
- Load limit: $10,000 per day
- Spending limit: $10,000 per day
- Maximum balance: $25,000 including cash loads
- ATM fees: $2.50
- Supported currencies: BTC, ETH, USD
The worldwide MCO Visa Cards of crypto.com makes the spending and usage of crypto assets seem effortless. These cards are powered by Visa; hence, it can be used at any store, merchants, or ATM where Visa is accepted for payment. Funding the MCO Visa Cards is easy and straightforward. There are multiple funding methods available for users, such as wire transfer, credit card, and PayPal. The crypto.com card comes in physical and virtual forms and supports BTC, MCO, and USD. Besides, by staking MCO, users of the platform can unlock better card tiers and rewards. The MCO Visa Cards are made out of composite metal. The available tiers of MCO Visa Cards are:
- Obsidian MCO Visa Card with 50,000 MCO stake
- Frosted Rose Gold MCO Visa Card with 5000 MCO stake
- Ice White MCO Visa Card with 5000 MCO stake
- Royal Indigo MCO Visa Card with 500 MCO stake
- Jade Green MCO Visa Card with 500 MCO stake
- Ruby Steel MCO Visa Card with 50 MCO stake
- Midnight Blue MCO Visa Card with FREE MCO stake
The Crypterium crypto card is regarded as a global Bitcoin card. The Crypterium card comes in two distinct formats.
- Physical or plastic cards: flexible visa card, and borderless UnionPay card
- Virtual card: mobile crypto app, available on App Store and Google Play Store for iOS and Android users, respectively.
The Crypterium card lets you spend your digital assets at over 50 million online and offline retailers and merchants, in 178 countries. You can also use your Crypterium cards to withdraw fiat currencies at about 2.5 million ATMs worldwide. Invariably, you can spend your cryptos anytime and anywhere you want. The Crypterium cards support Bitcoin, Litecoin, Ethereum, and the CRPT token. Users of the platform can compare and choose the card that suits their spending.
The available cards on the Crypterium platform are:
- Crypterium UnionPay Card: Available in virtual and plastic format for $25 delivery fee; accepted worldwide; zero monthly fees; zero ATM fees; $13,000 ATM daily limit; $60,000 ATM monthly limit; and no limit on POS monthly transactions.
- Crypterium Visa card: Available in plastic format for zero fee delivery; accepted worldwide; €2.99 monthly fee; €3 + 1.6% ATM fees; €500 ATM daily limit; €2,500 ATM monthly fees; and €10,000 monthly POS transaction.
Crypto credit cards are superb ways of spending your digital assets anytime with ease. These crypto cards are valuable for spending your cryptos on a daily basis. Meanwhile, most of these cards have specific countries that they support, with diverse fees, benefits, and conditions of use. Interestingly over the past year or some many credit card processors have started to warm up to the crypto exchanges and industry as a whole. An example is “Mastercard expands its cryptocurrency program to allow more firms to issues cards on its network.” Crypto credit cards are more and more seen and used by crypto enthusiasts world wide, and simply can't be ignored anymore by the big credit card players in the industry.
So check out some of the cards we show above and become part of the future and watch as crypto goes mainstream with the help fo once diametrically opposed entities, who are now friends! As always until next time, Enjoy!