Best Crypto Debit Cards Of June 2020

If you’re looking for a debit card that enables you to spend your crypto assets, this guide covers everything you need to know. We’ll examine the pros and cons, product details, and fees for five popular card issuers. You’ll learn about the steps required to apply for a card, how to use the card for purchases, factors to consider when selecting a crypto debit card, and much more.

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Uphold Card Logo

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Uphold Card

★★★★★ 4.8
  • Availability

    U.S

  • Card Type

    Master Card

  • Currency

    USD

  • Fees

    Low

The Uphold Card offers 2% cashback on crypto asset transactions and 1% cashback on fiat currency transactions.

Pros

  • FX Fees Refunded - At the end of each quarter, cardholders are reimbursed for any foreign exchange (FX) fees charged when using the Uphold Card for international purchases.
  • Asset Spending Options - Cardholders can directly spend their crypto, fiat, and precious metal assets using the Uphold Card.
  • Rewards - The Uphold Card offers 2% cashback on crypto asset transactions and 1% cashback on fiat currency transactions.

Cons

  • No Direct Registration - Eligible cardholders are currently required to sign up for the Uphold Card waitlist in order to apply for a card.
  • Regional Availability - Cardholder eligibility is currently limited to US residents.
  • Deposit/Withdrawal Limitations - Deposits and withdrawals are unavailable for several supported assets. For example, cardholders can only spend Platinum (XPT) by purchasing it through the Uphold exchange, which charges an extremely high fee of 3.95%.

Spend Crypto Balance

Yes

Card Delivery

7-10 Business Days

Cryptocurrency Support

ETH, XRP, BTC, LTC, LBA, BAT, BCH, DASH, BTG

Reload Methods

Crypto Deposit, Direct Deposit, ACH Credit

NFC Support

No

Withdraw Crypto Balance

Yes

Virtual Card

Yes

Stablecoin Support

USDC

KYC Check

Yes

Mobile Support

Cryptocurrency Deposit Fees

Free

Plastic Card Issuance Fee

$9.95

Domestic ATM Fee

$2.50

International Purchase Transaction

3%

Daily ATM Withdrawal

$1,500

Monthly Maintance

No Fee

Virtual Account Issuance Fee

FREE

International ATM Fee

$3.50

Dormancy

No Fee

Maximum Card Balance

UNLIMITED

MCO Card Logo

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MCO Card

★★★★★ 3.8
  • Availability

    UK EEA & SG

  • Card Type

    Visa

  • Currency

    EUR, GBP

  • Fees

    Moderate

MCO token holders can earn reimbursements on purchases from popular merchants including: Spotify, Netflix, Amazon Prime, Expedia, and Airbnb.

Pros

  • 5 debit card options to choose from.
  • MCO token holders can earn reimbursements on purchases from popular merchants including: Spotify, Netflix, Amazon Prime, Expedia, and Airbnb.
  • All physical cards are made of composite metal (excluding the Midnight Blue edition card), making them far more durable than plastic cards.
  • Highest rewards amongst popular crypto debit cards (Maximum of 5% for Obsidian edition card).
  • Stablecoin deposits available for American customers.

Cons

  • Staking MCO, the issuing company native token, is required for all reimbursements and for higher rewards.
  • EOS and XLM deposits are only currently available to users in select US states.
  • EU and UK users currently have no stablecoin options.
  • 2% ATM withdrawal fee for withdrawals over $200.

Spend Crypto Balance

Yes

Card Delivery

5-7 business days

Cryptocurrency Support

ETH, XRP, BTC, LTC, XLM

Reload Methods

Crypto Deposit, SEPA

NFC Support

Yes

Withdraw Crypto Balance

Yes

Virtual Card

No

Stablecoin Support

DAI

KYC Check

Yes

Mobile Support

Google Pay, Apple Pay

Cryptocurrency Deposit Fees

1%

Plastic Card Issuance Fee

FREE

Domestic ATM Fee

$1.75

International Purchase Transaction

3%

Daily ATM Withdrawal

$250

Monthly Maintance

$1.20

Virtual Account Issuance Fee

FREE

International ATM Fee

$2.25

Dormancy

No Fee

Maximum Card Balance

$15,000

Coinbase Card Logo

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Coinbase Card

★★★★★ 3.5
  • Availability

    UK & EEA

  • Card Type

    Visa

  • Currency

    EUR, GBP

  • Fees

    High

The Coinbase Card enables users to spend funds from their existing wallet on Coinbase.

Pros

  • The Coinbase Card enables users to spend funds from their existing wallet on Coinbase.
  • Coinbase is the first pure-play crypto asset company to become a Visa principal member.
  • Supports contactless payments, which enables cardholders to simply tap their cards against a POS machine at physical stores rather than having to swipe or insert a chip.

Cons

  • 2.49% Crypto Liquidation Fee.
  • 0.2% Intra-EEA fee for POS purchases.
  • No support for users from outside the EEA.
  • No support for USD deposits.

Spend Crypto Balance

Yes

Card Delivery

5-7 business days

Cryptocurrency Support

ETH, XRP, BTC, ZRX, REP, BAT, BCH, XLM

Reload Methods

Crypto Deposit, Direct Deposit, ACH Credit, SWIFT, SEPA

NFC Support

Yes

Withdraw Crypto Balance

Yes

Virtual Card

No

Stablecoin Support

DAI

KYC Check

Yes

Mobile Support

Google Pay

Cryptocurrency Deposit Fees

2.49%

Plastic Card Issuance Fee

$4.95

Domestic ATM Fee

1%

International Purchase Transaction

3%

Daily ATM Withdrawal

$500

Monthly Maintance

Free

Virtual Account Issuance Fee

$4.95

International ATM Fee

2%

Dormancy

Free

Maximum Card Balance

No Limit

Bitpay Logo

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Bitpay

★★★★★ 3
  • Availability

    U.S

  • Card Type

    Visa

  • Currency

    USD

  • Fees

    Moderate

One of the few crypto debit cards available to Americans, with support for direct deposit.

Pros

  • High ACH maximum deposit limit of $25,000.
  • One of the few crypto debit cards available to Americans.
  • Supports direct deposit.

Cons

  • Not available to users from outside of the US.
  • Only one fiat currency and four crypto assets supported.
  • Dormancy fee charged for inactive cardholders.

Spend Crypto Balance

No

Card Delivery

7-10 Business Days

Cryptocurrency Support

ETH, XRP, BTC, BCH

Reload Methods

Crypto Deposit, Direct Deposit, ACH Credit

NFC Support

No

Withdraw Crypto Balance

No

Virtual Card

Yes

Stablecoin Support

USDC, GUSD, PAX

KYC Check

Yes

Mobile Support

Cryptocurrency Deposit Fees

Varies 0.5%-1%

Plastic Card Issuance Fee

$9.95

Domestic ATM Fee

$2

International Purchase Transaction

3%

Daily ATM Withdrawal

$1,500

Monthly Maintance

Free

Virtual Account Issuance Fee

$2.95

International ATM Fee

$3

Dormancy

$5.00 after 90 Days of No Use

Maximum Card Balance

$25,000

Wirex Logo

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Wirex

★★★★★ 2.8
  • Availability

    UK EEA & SG

  • Card Type

    Visa

  • Currency

    EUR, GBP

  • Fees

    Moderate

APAC customers pay no fees for domestic or international ATM transactions.

Pros

  • Above average limits for withdrawals.
  • APAC customers pay no fees for domestic or international ATM transactions.
  • Unlimited maximum balance.
  • Refer-A-Friend Reward Program

Cons

  • Numerous reviews from users claiming their funds are missing.
  • $15 fee for Swift withdrawals.
  • Native token (WXT) required for higher cryptoback rewards.

Spend Crypto Balance

No

Card Delivery

4 Business Days

Cryptocurrency Support

ETH, XRP, BTC, LTC, XLM

Reload Methods

Crypto Deposit, SWIFT, SEPA

NFC Support

Yes

Withdraw Crypto Balance

No

Virtual Card

Yes

Stablecoin Support

DAI

KYC Check

Yes

Mobile Support

Google Pay, Apple Pay

Cryptocurrency Deposit Fees

1%

Plastic Card Issuance Fee

Free

Domestic ATM Fee

$1.75

International Purchase Transaction

3%

Daily ATM Withdrawal

$250

Monthly Maintance

$1.20

Virtual Account Issuance Fee

Free

International ATM Fee

$2.25

Dormancy

Free

Maximum Card Balance

$15,000

Clear All

Overall Rating

Card Features

Card Network
Supported Currency
Issuing Exchange
Virtual Card Support
Available in US
Available Regions
Card Delivery
Crypto-to-Fiat Fees
Top Up Assets
Top Up Stablecoins
Top Up Methods
NFC Support
Mobile Wallets
KYC Check
Credit Check
Issuing Bank
Benefits & Rewards

Card Fees

Physical Card Issuance
Virtual Card Issuance
Domestic ATM
International ATM
Domestic Transactions
Intra-EEA Transactions
International Transactions
Card Replacement
Chargeback Processing
Monthly Maintance
Dormancy
ACH Decline
ACH Payments

Card Spending Limits

Daily Spending
Monthly Spending
Yearly Spending
Daily ATM
Card Balance
Daily Top Up

Card Mobile Features

Mobile Management
Change Pin
Security Lock
Statements
Google Pay
Apple Pay
Samsung Pay

Company Facts

Legal Name
Incorporated Country
Headquarters
Year Founded
CEO
Total Employees
Regulators
Links

Anticipated Crypto Debit Cards

Here are a few crypto debit cards that aren’t available yet but are currently open to waitlist signups. These appear to be promising options for future consideration.

Company Announced Date Card Provider Announced Features
TBA
Visa
  • Available initially to APAC users.
  • Spend BNB & BTC directly from your Binance.com account
Nexo Card
TBA
Mastercard
  • Available initially to EEA users.
  • Cardholders have worldwide access to Nexo’s credit line, which provides automated loan approval without credit checks.
  • No monthly & annual fees, no FX fees.
  • Up to 5% cashback.
  • Free additional virtual cards.
Uphold
TBA
Mastercard
  • Available initially to US users.
  • Compatible with 24 crypto assets, 27 fiat currencies, and four precious metals.
  • No FX fees.
COINDEAL
TBA
Visa
  • First 50,000 people to sign up receive a free card and 20 CDL tokens.
  • 7 fiat currencies supported: (EUR, USD, GBP, PLN, RUB, CHF, KRW)
  • Special promotions and discounts for CDL token holders.

Beginners Guide To Crypto Debit Cards

What Is A Crypto Debit Card?

A crypto debit card is any debit card that enables a cardholder to pay for goods or services using their crypto assets. Crypto debit cards also support fiat currency payments and can be used for in-store and online purchases.

How Crypto Debit Cards Work

Crypto debit cards are similar to traditional debit cards in many ways.

A standard crypto debit card transaction works like this:

  1. Users deposit funds onto their crypto debit card balance in one of two ways:
    • Fiat - This is usually done via a bank transfer. Some cards also support direct deposits and purchases from external debit and credit cards.
    • Crypto Assets - Deposit crypto assets from an external wallet. Factors including supported fiat currencies, supported crypto assets, fees, and account limits are established by the card issuer.
  1. Make purchases with your card as you normally would with a traditional debit card both online and in-store.
  2. The payment processor verifies that there are sufficient funds available to complete the transaction. If using crypto assets as payment, funds will automatically be converted to the local fiat currency used in the merchant’s region or country.
  3. The merchant receives your payment in the local fiat currency (e.g. USD, EUR, or GBP).

How Do I Get A Crypto Debit Card?

The application process works like this:

  1. The card provider must adhere to standard banking laws of the applicant's jurisdiction. When applying for a crypto debit card, you will likely need to submit basic personal information in a process known as KYC (Know Your Customer). As an example, Bitpay requires US citizens to submit their full name, address of residence, date of birth, phone number, and social security number. The information required will vary depending on the card issuer's policy and the regulations of your country or region. If the card issuer’s requirements are met, your application is then approved. Applicants can expect fairly quick approval.
  2. Some card issuers will require you to pay for card issuance and/or shipping. Card issuance costs range from anywhere between $0 and $15 on average with standard shipment options. Some issuers allow you to pay this fee using crypto assets, while others require fiat currencies.
  3. The issuer will send you the card. Your card should arrive in the mail in 3 to 10 business days on average depending on your location.
  4. After you receive your card, you’ll need to activate it. The easiest way to do this is via your card issuer's official mobile app.
  5. Once the card is activated, you can add funds and begin making purchases.
  6. You will also have the option to connect your physical card with a virtual card account in the mobile app. This will enable you to track your balance, transfer funds, and make on-the-go payments.

Choosing Your Crypto Debit Card

Depending on your country of residence, you’ll potentially have several crypto debit card options to choose from. Each card will have its own unique features, and there are several factors to consider before making your decision.

Factors To Consider:

Below we take a look at some of the most important factors you should consider when assessing crypto debit card options.

Country Of Residence

Where you live determines whether or not a providing company can issue a crypto debit card to you and will be the biggest factor in your selection process. In many cases, card issuers limit issuance to specific countries or regions.

EEA residents qualify for the majority of today’s most popular crypto debit cards, while US and Singapore residents have fewer options. There are several countries and regions with no options whatsoever.

Benefits & Rewards

It’s important to know that crypto debit card benefits and rewards aren’t quite as good as traditional credit card programs yet. Many popular crypto debit card issuers may not even provide any benefits or rewards at all.

Those that do offer benefits and rewards typically have three popular categories: referral programs, cryptoback, and perks.

Referral Programs: Referral programs offer active cardholders a chance to earn rewards for referring new customers. These programs usually work in a few different ways:

  • You might be rewarded in crypto assets when your referred friend buys a certain amount of crypto assets from the issuer.
  • You could also be rewarded if your referred friend orders a physical debit card from the issuer.

Cryptoback: Cryptoback rewards usually range anywhere from 0.5% to 5%, with a percentage of your total purchase value being rewarded to you in crypto assets instead of fiat.

Note: It’s important to understand that earning cryptoback rewards may require you to hold or stake the card issuer’s native token. These rewards are typically paid or distributed in the issuer’s native token or in a popular crypto asset such as Bitcoin (BTC).

Perks: Currently, there aren’t many perks available to crypto debit card holders. Crypto.com is one of the few crypto debit card issuers that emphasizes cardholder perks, offering monthly spending reimbursements (Spotify: $9.99, Netflix $12.99, Expedia: $50.00, Amazon Prime: $12.99, Airbnb: $100.00), a private jet partnership, and airport lounge access.

Fees

As you can see from the crypto debit cards featured above, there are many different types of fees to consider. Your country or region of residence plays a significant role in the fees an issuer will charge and it’s important to consider which types of transactions you plan on using your card for.

Card Issuance: Some companies will issue and ship cards for free. Others charge $15 or more per card with standard shipping. If you select expedited shipping, you could be paying $70 or more in some instances.

Monthly Card Maintenance: This is a service fee charged every month, even if you don’t use the card for purchases. The average monthly card maintenance fee is around $2, with some issuers charging as much as $5 per month.

Deposits: Adding funds to a crypto debit card includes a fee in many cases. Some issuers charge 1% or more for crypto asset deposits and/or fiat currency deposits. Card issuers often refer to deposits as top-ups or loading.

Transactions: Most issuers will generally not charge the cardholder a fee for each transaction. This being stated, you should pay close attention to this fee category prior to selecting a card. Coinbase Card, for example, charges a steep 2.49% on each transaction involving a crypto asset.

Foreign Exchange (FX): A 3% fee is typically charged by Visa or Mastercard when paying a merchant in a fiat currency that your card doesn’t support.

ATM Withdrawals: Most issuers charge between $1 and $3 per ATM withdrawal, with some charging as much as 2% of the entire transaction. If you plan on converting your crypto to cash, the fee differences between issuers should be reviewed carefully before choosing your card.

Note: International ATM fees are usually higher than domestic ATM fees.

Other Fees: There are additional fee categories you should consider.

  • You might be charged a higher fee for adding funds from an external debit card compared to a bank transfer.
  • Fees for SWIFT withdrawals may be higher than for SEPA withdrawals, or vice versa.
  • Some card issuers charge a dormancy fee if you don’t actively use your card.

Supported Fiat Currencies

You’ll find that most crypto debit cards allow cardholders to spend their local fiat currency. For example, a card available to UK residents will likely support GBP. That same card may or may not support international currencies such as the USD or EUR.

If you’re someone who doesn’t travel much, choosing a card that only supports your local fiat currency might be a suitable option. If you travel frequently, you will likely want to choose a card that supports multiple fiat currencies.

Supported Crypto Assets

If you are planning on spending Bitcoin (BTC), you likely won’t have an issue with any crypto debit card.

Crypto debit cards in general support a wide range of altcoins, however some issuers will limit your spending options to only a select few crypto assets. As a result, altcoin focused holders may find themselves having to trade some of their assets for other supported altcoins before being able to make purchases with their card.

Exchanges With Crypto Debit Cards

We expect more cryptocurrency exchanges to provide optional cryptocurrency debit cards to their customers in the future.

Exchange Card Available Features
Coinbase
Yes
  • Spend from your Coinbase BTC, ETH, XRP, ZRX, BCH, XLM, DAI, REP, and BAT account balance.
  • Compatible with Google Pay mobile wallets.
  • Contactless Payments (NFC Enabled).
Binance
Announced
  • Available to users in Vietnam, and Indonesia.
  • Spend from your Binance BTC, and BNB account balance.
  • Virtual card support.
Kraken
No
  • Not Yet Announced

Available Crypto Debit Cards By Region

This list is based on support for local fiat currency deposits/withdrawals and card eligibility for residents of the country or region.

Countries & Regions MCO Card BitPay Wirex Coinbase Card Uphold
USA
UK
Europe (EEA)
Canada
Australia
Singapore
Latin America
India
Africa

Inactive Crypto Debit Cards

Here you’ll find once popular card options that are no longer available.

Company Status
Shift Card
Suspended services in April of 2019 with no explanation provided.
Coinsbank
In January of 2018, CoinsBank’s card issuer WaveCrest Holding Ltd began closing all of its issued Visa prepaid cards due to a change in operating permissions.
Xapo
In January of 2018, Xapo’s card issuer WaveCrest Holding Ltd began closing all of its issued Visa prepaid cards due to a change in operating permissions.

Summary: Best Crypto Debit Cards In 2020

Card Best For Avail U.S Rewards Fees Learn More

Uphold Card

2% CryptoBack Rewards

Yes

2% cashback on crypto asset transactions and 1% cashback on fiat currency transactions.

Low

MCO Card

Cryptoback Benefits

Yes

1% Cryptoback in MCO Tokens.

Moderate

Coinbase Card

Existing EU Coinbase Users

No

No Rewards

High

Wirex

Larger Purchases

No

0.5% to 1.5% cryptoback earned in BTC on all in-store purchases (based on WXT balance)

Moderate

Bitpay

US Citizens

Yes

No Rewards

Moderate

Crypto Debit Card Pros

Accepted Worldwide

Crypto debit cards can be used anywhere that VISA or Mastercard is accepted. Even when shopping in a country that isn’t crypto-friendly, you’ll still be able to purchase goods or services with your crypto assets.

Instant Crypto-To-Fiat

Let’s say for example that you want to make a purchase with your crypto assets, but find that the desired merchant only accepts fiat.

Without a crypto debit card, you would need to convert your crypto assets to fiat on an exchange and then wait 1-3 business days (on average) before the money is transferred to your bank account.

When making a purchase using crypto assets that are loaded onto a crypto debit card, there is no time consuming fiat conversion process and the funds are sent to the merchant instantly.

Multiple Fiat Currencies Supported

Crypto debit card issuers are continuously adding support for new fiat currencies. This helps cardholders avoid foreign exchange fees when traveling internationally.

Recoverable Funds

In the event of theft, crypto asset wallets and exchanges do not typically offer fund recovery options.

Fortunately, the same fraud protection policies that apply to traditional debit cards also apply to crypto debit cards.

This means you can easily file paperwork and be reimbursed for stolen funds from card providers such as Visa or Mastercard.

Crypto Debit Card Cons

Security Risks

Customers must trust crypto debit card issuers to keep their funds safe and remain compliant with regulations.

As with any debit card, it’s a good idea to only deposit funds you plan on spending in the near future. This can help reduce any losses in unforeseen scenarios such as a security breach or stolen card.

Geographic Restrictions

Currently, most issuers only accept customers who are residents of the EEA, United States, and/or Singapore. Citizens of Africa and Latin America will find that high-quality crypto debit card options aren’t available yet. Issuers are working on geographic expansion to increase their customer base, but this process has proven to be quite slow due to the pre-existing and often unclear regulatory requirements in many countries.

Fees

As shown above, there are more fees involved with using crypto debit cards than traditional debit cards. The good news is that these fees appear to be trending downward, as there is competition between new issuers seeking to win over potential customers.

Frequently Asked Questions

What is a crypto debit card?

How do crypto debit cards work?

Can I get a crypto debit card anonymously and without verification?

Are crypto debit cards free?

What is a virtual crypto debit card?

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