Best Crypto Credit Card Providers in 2023
Best Prepaid Crypto Credit Card Providers in 2023. Looking for a good crypto credit card to use for your crypto transactions online? As the crypto ecosystem keeps growing exponentially, we have come to experience the birth of crypto debit cards. These cards just like normal or regular credit cards allow you to spend money from an account by swiping your card. The big difference is that instead of this card linking to your bank account, it connects to one of your crypto wallets.
What is a crypto card?
A crypto card is a credit or debit card that allows you to spend your cryptocurrency as well as earn cryptocurrency rewards. Instead of paying in fiat currency, you pay your expenses in the crypto you assigned to the card. Crypto credit cards work exactly the same as any other rewards credit card on the market, most crypto cards are either a Visa card or a Mastercard.
A crypto card should not be confused with a crypto reward card, a crypto reward card essentially rewards you with a certain amount of cryptocurrency for a certain amount of money spent. Undoubtedly, cryptocurrencies are here to stay, but are they the way of the future?
Best Crypto Credit Card Providers in 2023
01 – Crypto.com Visa Card
The Crypto.com Visa Card is a prepaid card. Broadly speaking, prepaid cards are the same as debit cards. The difference is that debit cards are linked to your bank account, but prepaid cards need to be topped up. In our case, you can top up using bank account transfers, other credit/debit cards, or cryptocurrency.
To apply for one, you need to stake CRO tokens for a period of 180 days to apply for a Crypto.com Visa Card. To do so, first sign up for a Crypto.com App account and complete our KYC verification. Next, purchase CRO tokens and deposit them into your Crypto Wallet in the App. If you buy CRO directly in the App, then no action is required. The amount of CRO depends on the card tier you’re applying for. Finally, go to the ‘Card’ tab in the App, select your desired Crypto.com Visa Card, tap the ‘Stake CRO’ button, and follow the on-screen instructions. Now, all you need to do is wait for us to notify you when your card has shipped!
All card rewards are paid in CRO and deposited into your Crypto Wallet in the Crypto.com App. CRO Rewards are instantly reflected with each eligible transaction. Purchase rebates are reimbursed to the USD equivalent, and the rebate cap is reset on the first day of each month.
You can top up your card using your Fiat Wallet, Crypto Wallet, or credit/debit card in the Crypto.com App. Go to the ‘Card’ tab, tap ‘Top Up’, and select your preferred method.
02 – Coinbase Card
The Coinbase Crypto card is a Visa® debit card that turns your everyday purchases into crypto rewards. While not top in the industry for the number of cryptos that work with their card, Coinbase offers a broader selection than many competitors. Cardholders can utilize any supported crypto on Coinbase and US dollars on purchases with the card, including withdrawals at ATMs.
The Coinbase Card is available for all Coinbase customers who live in the US (excluding Hawaii). There are no fees for spending US dollars (USD) or crypto, including USD Coin (USDC) with Coinbase Card. For more information on fees, please visit their Pricing and Fees disclosures.
With the Coinbase Crypto cards, there are generally no tax implications if you spend US dollars (USD) or USD Coin (USDC). Spending any other kind of crypto involves selling your assets. Selling crypto using your card is a taxable transaction. Just like when you sell crypto on Coinbase, you’ll be required to report gains and losses on your tax return. Please speak to a tax advisor to better understand how your card impacts your unique tax situation.
- Coinbase Card has no annual fee
- Earn up to 4% back on every purchase
- There are no fees for spending US dollars (USD) or cryptos, including USD coins (USDC) with Coinbase Card.
03 – Gemini credit card
With the Gemini Crypto credit cards, Earn crypto rewards on every purchase. You can earn rewards in bitcoin, the best-performing asset class of the last decade, or 60+ other cryptos currently available on Gemini. It’s the only credit card that deposits your crypto rewards immediately. That means the crypto you earn lands in your Gemini account the instant you swipe, not a month later. No need to time the market or pay trading fees. Earn bitcoin, ether, or any of your favourite cryptos simply by living your life, every day, every purchase.
04 – Wirex Visa Card
The new Wirex Visa card gives you the power to spend US Dollars and cryptocurrencies with real-time conversion at point-of-sale and zero exchange fees. Plus, it earns you up to 8% Cryptoback™ rewards on all your spending. Everything you need, nothing you don’t.
Your Wirex Visa card does things differently. It automatically converts to local currency at point-of-sale using the best possible interbank and Over-the-Counter (OTC) rates, with no exchange fees. That means you can seamlessly spend both cryptocurrencies and US Dollars in real life, whether you’re picking up the check or tapping in on the subway. If that isn’t a game-changer, we don’t know what is.
5 – BitPay Debit Card
The card that lets you spend your crypto like cash. Convert crypto into dollars with zero fees using the BitPay prepaid debit card.
The BitPay card works like any other debit card. But, instead of using funds from a bank account, you can add funds from the BitPay wallet app or your preferred crypto wallet. BitPay supports all popular wallets like MetaMask, Trezor, Coinbase, Kraken, and many more. After funding your card, you are ready to use it anywhere Mastercard is accepted. Use the BitPay Card in-store or online. Need cash instead? Use it at any compatible ATM. Add funds, freeze your card and track transactions all from the BitPay app.
To get the BitPay card, first, download the BitPay app. After a quick sign up process, you’ll be ready to fund it and start spending. Use the virtual card instantly or order a physical crypto debit card to keep in your wallet. You must be a U.S. resident and at least 18 years of age. If you are located outside of the U.S., sign up for our card waitlist instead. Approval is subject to the Cardholder Agreement.
What coins does the BitPay Card support?
BitPay accepts Bitcoin, major altcoins, tokens, and stable coins. We are constantly evaluating and adding new coins. Currently, we accept:
- Bitcoin (BTC)
- Ethereum (ETH)
- Bitcoin Cash (BCH)
- Dogecoin (DOGE)
- Shiba Inu (SHIB)
- Litecoin (LTC)
- XRP (XRP)
- Dai (DAI), USD Coin (USDC), Binance USD (BUSD), Wrapped Bitcoin (WBTC), Pax Dollar (USDP), Gemini Dollar (GUSD)