Your guide: 5 Best Crypto Debit Cards in 2024
The crypto world has made it easier to manage your money in new ways, and crypto debit cards are a handy way to connect the digital and real worlds. As the crypto environment evolves, the crypto debit card market is becoming more and more competitive.
These cards offer a wide range of features and benefits to meet the needs of crypto enthusiasts. So, if you’ve wanted to know, “5 Best Crypto Debit Cards in 2024” you’re in luck.
Keep reading to find out more.
Also read: BRICS: Chinese Yuan Beats Euro To Become the Second Most Used Currency
Things to Think About When Picking a Crypto Debit Card
Before we get into the cards themselves, it’s important to know the main things that should help you make your choice. Here are some things to think about when choosing the best crypto debit card:
Cryptocurrencies that are supported
The number of cryptocurrencies that the card can accept is an important factor because it affects how flexible and adaptable your crypto buying is. It is best to look for cards that can handle a lot of different digital assets, such as Bitcoin, Ethereum, and stablecoins.
Costs
Different crypto debit card companies charge very different fees, so it’s important to carefully look at all of the costs that come with it, such as transaction fees, conversion fees, and annual/monthly maintenance fees. Try to get a card with the lowest possible fees so that your crypto spending is as cheap as it can be.
Cashback and rewards
A lot of crypto debit cards have great points programs that give you cashback or other things just for using the card. Look at the possible reward system and know what you need to do to get to the highest levels of cashback, like staking or locking in the provider’s native token.
Usability and Jurisdiction
Think about where the card is available and how well it follows the rules, as these can affect how it can be used and accepted in different areas. Also, look for options like the ability to add the card to digital wallets like Apple Pay and Google Pay. This will make it easier for you to use crypto to pay for things.
Other Things
Check out other features that might be important to you, like whether or not the card offers lending services, how easy it is to handle your account, and how the card’s mobile app or online platform makes using it overall.
If you remember these things, you’ll be able to confidently explore the world of crypto debit cards and find the one that fits your needs and preferences the best.
5 Best Crypto Debit Cards in 2024
Now that we’ve talked about the most important things to think about, let’s look at the five best crypto debit cards for 2024.
Also read: BRICS Bank President Says Ditching the US Dollar is a ‘Main Focus’
Nexo
Nexo is our top choice because it has a strong community that lets users use both rewards and lending services. Users can get a good 0.5% to 2% cashback, which is paid out in NEXO tokens, the platform’s currency. But to get the most cash back, 10% of the user’s stock must be made up of NEXO tokens, which may not work for everyone.
Nexo’s lending services are one of its best features. These let users set up lines of credit and make high APY (over 10%) by lending USDT. This function gives the user even more financial freedom, but they need to be careful about how they use it. Nexo is only available in the EU and is controlled there. It works with over 40 cryptocurrencies and 7 fiat currencies.
Holyhold
The Holyheld service is a simple crypto bank card for people in the EU. People can get a small amount of cashback (0.5% to 1%) on the things they buy. Every month, the first 100 purchases they make are free, no matter where they are in the world. Holyheld will charge you 2% plus 1 EUR every time you make more than 100 deals until the end of the next month.
There are many cryptocurrencies and normal currencies that the Holyheld card can be used with. This means that it can be used to buy things all over the world. Also, you can get cash from ATMs for free, but only up to a certain amount. Holyheld is run by the FCIS in Lithuania and follows EU law. This makes sure that users are safe and following the law. Anyone with a Mastercard can use the card, and it can be added to well-known digital wallets like Apple Pay and Google Pay.
ByBit
On Bybit’s crypto debit card, you can get about 2% cash back, which is a lot. But the company’s way of handling returns is pretty hard to understand. Users get points that they can trade in for free stuff like NFTs, bonuses, and lower fees. In other words, the return isn’t just the price of the item bought.
You might not get as much cash back as with some other cards, but the Bybit card is accepted all over the world through the Mastercard network and it doesn’t cost anything to handle. It costs 2% to take money out of an ATM and 0.9% to buy cryptocurrency. You can use 8 coins on the card. It is important to know that In February 2024, the French financial watchdog AMF told Bybit that it could not do business in France. People who use the place should know what the rules are.
Wirex
Wirex supports many cryptocurrencies, such as Bitcoin, Ethereum, Ripple, Tether, and USD Coin. It also supports several standard currencies, such as EUR and GBP. Several organizations, such as the FCA in the UK and the Bank of Lithuania in Lithuania, keep an eye on the card and make sure it is used correctly and safely.
There is a 1% fee on every card transaction on Wirex, and users who lock up about $900 worth of the platform’s native WXT token for 180 days can get a small 1% cashback. But the benefits can only be worth up to $120 a month. On the Wirex website, it says that you can get 8% cashback, but you have to stake a lot of WXT—about $45,000 worth. There are also other limits and conditions on the rewards.
Wirex is different from some of the other options on this list because it can be used in the United States. This makes it a good choice for crypto fans in that country.
Crypto.com
The crypto debit card from Crypto.com stands out because it can be used with over 80 cryptocurrencies as well as regular currencies like EUR, USD, and GBP. The company charges a 1% fee for topping up your account. Withdrawals from ATMs are free up to a monthly limit of $200 to $400, based on the service level. After that, there is a 2% fee.
At the time of writing, the necessary stakes to get to the different levels of cashback and other benefits are between $400 and $400,000. Because of this, the Crypto.com card’s cashback is likely to be around 1%, though the platform officially offers a 5% range. Visa makes the card, and you can get it in the US, UK, and many other EU, Asian, African, and Middle Eastern countries. People who have better levels of card service can also get extra benefits, like being able to use airport lounges.
Many people in the US think that the Crypto.com card is one of the best crypto debit cards because it has a low transaction fee of 0.75%.
Other Important Services for Crypto Debit Cards
The top 5 crypto debit cards we talked about above are the best choices, but there are a few other services that are also worth mentioning:
Uphold is a crypto debit card company that serves the UK market. It has an easy-to-use website and supports many cryptocurrencies.
Grineo is a crypto debit card service based in Australia that makes things easy for people in that country.
Depending on where you live and what you need, these other companies may be worth looking into.
Questions People Ask Often
How Do I Get a Crypto Loan Card?
To get a crypto debit card, you usually need to create an account with the card company. Then you need to go through the Know Your Customer (KYC) process and then order a physical or virtual card. The process is similar to getting a regular bank card. The difference is that you have to prove who you are and connect your cryptocurrency wallet to the card.
What is the Best Crypto Wallet with a Debit Card?
This piece lists the best crypto debit card providers. All of them come with a crypto wallet where users can store their money. In the end, the “best” will rely on your needs and preferences, such as the cryptocurrencies it supports, how safe it is, and how easy it is to use. Consider learning about and comparing the wallet options offered by each service to find the best fit for your crypto-buying needs.
Conclusion: 5 Best Crypto Debit Cards in 2024
In conclusion, the crypto debit card world is becoming more varied and ever-changing. So, if you’re a crypto fan, you’ll have access to so many different types of crypto cards.
The top 5 crypto debit cards have a lot of great features that make them perfect for current crypto users. These features include strong rewards, lending services, and the ability to be used anywhere in the world. Happy shopping!