10 Best Crypto Debit Cards To Use in 2022

Crypto debit cards are the must-have cryptocurrency services for every true Bitcoin enthusiast. The cards allow users to withdraw Bitcoins at ATM:s all around the world or use it for shopping online and offline. Each crypto debit card comes with its own bonuses, and therefore it’s actually smart getting all of them for more options and convenience.

1. Advanced Cash

Advanced Cash Is easily one of the world’s most advanced Bitcoin debit card solutions today. The company has a reputable background in the industry, the card is available worldwide, accounts can be registered for both individuals and companies, ATM withdrawals can be done in any currency, there are no maintenance fees, and delivery is absolutely free as well. When ordering a card, you can choose between EUR, USD or RUB currencies or you may as well order them all. On top of funding your account with Bitcoin, you may also use one of the many other funding methods such as Visa, Mastercard, American Express, SEPA, and many more. ADVcash is definitely our favorite when it comes to Bitcoin debit cards.

2. MCO By Crypto.com

MCO is a high reward Bitcoin debit card solution available for US citizens. This platform is unique in the sense that it offers some of the highest cashback rewards in the industry, the cards are made up of composite metal, and can be acquired for free as well. To get a card for yourself you need to purchase CRO tokens and commit to staking them for the next 6 months


3. Nuri

Nuri (Formerly Bitwala) is an all in one cryptocurrency bank that providers both Bitcoin debit cards, and unique IBAN numbers for European individuals, with deposit guarantees of up to €100 000.

4. Wirex

Wirex is the top-notch Bitcoin debit card choice for all EU citizens, they have a great inbuilt app to manage over 20 digital and traditional currencies including BTC, ETH, LTC, EUR USD and much more. Not only that Wirex lets you earn 0.5% cashback in BTC every time you spend using Wirex card. You can also exchange currencies back and forth, and by adding your personal debit card you can also purchase Bitcoin right from the app. all in all, Wirex is truly an amazing experience for handling all of your cryptos online.

5. Cryptopay

Cryptopay is the highest limit Bitcoin debit card available today. With up to €30K in a single transaction, this card is available in the UK, and soon in the rest of the European Area.

6. Revolut

Revolut is a great choice for all EU members, you can spend your cryptos aboard in over 150 currencies with a small 0.5% flat fee or withdraw from ATM up to 200€ per month for free. Whether you are looking for personal or business accounts they have it all figured freeing your time and making accounting easier.

7. Crypterium

Crypterium is a Bitcoin debit card available worldwide, no matter where you reside, the card will be delivered to wherever you are. Crypterium payment system, unlike most competitors, works under Unionpay, and the card can be topped up with various cryptos such as BTC, ETH, LTC, and CRPT.

8. Binance

Binance is a global cryptocurrency exchange platform originating from China. On top of their massive exchange operations Binance also operates various of other features including savings, and staking plans, Binance Chain cryptocurrency, Binance Decentralized Exchange, and Binance Bitcoin debit cards.

9. SpectroCoin

SpectroCoin is one of the oldest original cryptocurrency exchanges, providing payment getaway processing solutions, and Bitcoin visa cards, that are available in the European Economic Area.

10. Coinbase

Coinbase has the largest hot wallet in the industry, operating in over 30 countries and securing more than 20 million customers worldwide. This exchange was founded in 2012 by Brian Amstrong and is widely known as one of the easiest exchanges for purchasing and trading your Bitcoins. On top of that Coinbase operates Bitcoin debit card, and crypto payment getaway.

How do crypto debit cards work?

So, now that we’ve touched on the basics of crypto debit cards, let’s explore how they work in more detail.

For starters, using cryptocurrency in the real world today still has its limitations. You can’t walk into any shop and pay for your order with Bitcoin as most merchants are unwilling to accept the crypto.

Retailers are cautious about digital currencies for several reasons, including uncertain legal status for payment processors, exchange rate volatility, and a still-underdeveloped understanding of blockchain–the cryptocurrencies powering technology–for most of the general public.

Thankfully, crypto debit cards and other “traditional” financial products seek to further legitimize cryptocurrency as valid forms of payment. How do they do this? Here’s an example:

John walks into a local coffee shop that, like most, accepts debit cards. Because a Bitcoin debit card works just like the one you get from your local bank, John has the choice to use his regular debit card or the brand new crypto-based debit card.

John decides to give his crypto debit card a test run. While the coffee shop does not accept cryptocurrency, it certainly takes debit payments. The cashier hands John his cup of coffee, swipes the card and hands him his receipt.

When the cashier swiped the card, the processing company reached into the card's crypto wallet and took the dollar amount of crypto needed for the cup of coffee. The processing company then converted the crypto into regular fiat currency and delivered it directly into the coffee shop's account. This all happened in a manner of seconds, and highlights one more way that crypto is becoming a more accessible form of payment in the real world.

Pros and cons of crypto debit cards

Pros:

Ability to spend cryptocurrency like fiat currency

Reduced or waived foreign conversion fees

Generally multi-currency allows diversified spending

Some cards offer significant cash-back rewards in crypto

ATM withdrawal fees can be waived by some issuers

Cons:

Spending cryptocurrency triggers a taxable event

Some geographical restrictions apply

You must have balance in your wallet to spend

Frequently asked questions

Q. Can a crypto debit card replace my normal debit card?

It depends. Generally speaking, yes. If you hold value in crypto and want to spend crypto as your main source of funds, then yes. Most crypto debit cards are issued by traditional networks like Mastercard or Visa and are accepted anywhere those cards are accepted.

Q. Does it cost money to use a crypto debit card?

It depends on the nature of the transaction. While there are generally no additional fees charged for using your debit card, you will incur fees for selling your crypto when you spend it. Additionally, there may be fees when you withdraw funds from an ATM.