Best Crypto Debit Cards: Top 4 Compared Side-By-Side

The holy grail of crypto is mass adoption: a future in which people across the world use digital currencies to pay for goods and services on a daily basis. However, there’s a lot that needs to change before we see people regularly paying for their morning coffee with XRP or using ETH to pay for their weekly grocery shopping.

If we all simply sit around and hodl our crypto, then mass adoption is never going to happen. We need to spend it – and be able to spend it – if we want to see it mount a meaningful challenge to the fiat status quo.

More crypto debit cards are appearing all the time and it can be difficult to choose which one may be right for you. Each has its own benefits and rewards and some will only be suitable for those living in certain countries or regions. There’s a lot to consider when deciding which card to go for.

So, to help you make that decision and start putting your crypto to work, we at the Coin Daily News have drawn up a list of the four best crypto cards available right now.

1. Crypto.com

Crypto.com Cards

Starting off with the biggest, and often credited as being the best of them all, is the massively popular Crypto.com card. There’s a card to suit every lifestyle at Crypto.com, from those who treat themselve to an iced latte every so often, right through to the type who has their chauffeur pull over outside Van Cleef and Arpels.

The Crypto.com card was an instant hit in the crypto community thanks to its solid metal material, beautiful design, and impressive cashback + rewards. This card is perfect for anyone who wants to flex and gain some attention when it comes time to pay the bill; slapping that 10-gram metal card down on the table turns some heads.

Most Crypto.com cards require you to stake a certain amount of their native CRO token to qualify for higher levels and greater perks. If you want the top-tier Obsidian card, then you’ll have to front up about 350k worth of CRO… No small feat. That is a bucket load of cash, but one of the perks is a private jet partnership, so yeah, this card tier is for the high-rollers out there.

Fortunately, there are cheaper options available and these still offer some great value. It’s worth noting that the staked CRO tokens are returned after a lockup period and can be sold back to cash if you decide you don’t want the card perks anymore.

The two cards we’ve picked out are the entry-level Midnight Blue card and the Ruby Steel. The Blue card doesn’t require you to stake any CRO and is free, making it perfect for anyone who just wants to be able to easily convert their crypto to cash and spend with no perks and own a cool metal card.

The Midnight Blue allows for a free €200 atm withdrawal per month, €2,000 daily limit, and a 25k limit for PoS purchases.

2. Nexo

Nexo Card

Nexo is the only card I am aware of that allows you to spend your crypto without selling it. How is that possible? Well, by collateralizing your crypto, Nexo offers card users a credit line in which they can spend. It’s like having your cake and eating it too, pretty sweet!

The Nexo card will give you credit in over 45 fiat currencies, based on the value of your crypto holdings. There’s an impressive list of supported coins here too, so most portfolios should have access to credit.

The card itself is a MasterCard, so using it almost anywhere shouldn’t be a problem. There’s instant cashback on all purchases and you can make payments in local currencies, avoiding those pesky foreign exchange fees with limits depending on loyalty tier. Another great thing about the cashback on this card is that you can choose which cryptocurrency you want your cashback paid in. If you opt for the NEXO coin, you can earn 2% cashback, or go for 0.5% cashback in BTC.

There are also no monthly or annual exchange fees to worry about, and credit line rates start from 0% APR depending on tier level.

Transaction limits:

  • Monthly: up to €60,000 / £54,000
  • Daily: up to €10,000 / £9,000
  • Per single transaction: up to €10,000 / £9,000

ATM withdrawal limits:

  • Monthly: up to €10,000 / £9,000
  • Daily: up to €2,000 / £1,800
  • Per single withdrawal: up to €600 / £540

3. Monolith

Monolith Crypto Card

Time for the first mention on the list that DeFi lovers will appreciate. The Monolith card is one of the very few non-custodial crypto debit cards on the market. If your bank or custodial card provider goes bust, there’s a good chance your funds go bye-bye. Look at what happened with FTX.

The Monolith site states that the card is “Apocalypse Resistant.” Because the card is attached to a user’s self-custodial Ethereum wallet, there is no company that can go bust, blow up, or fall victim to a zombie outbreak, which will result in the user losing their crypto assets. This, my friends, is what crypto self-custody is all about.

Monolith is a DeFi application built on Ethereum, so the card itself supports all ERC-20 tokens. You load the card with any ERC-20 token of your choice and then spend the funds through its Visa-backed fiat gateway.

This means it’s accepted almost anywhere, allowing you to spend your crypto wherever you please. The accompanying app helps you track your spending and the Monolith non-custodial wallet is open-source: great news for those who want to assure themselves that everything is above board.

The Ethereum tokens do need to be converted to fiat first within the app before they are spent, unfortunately, as most places are not equipped or ready to accept payments in ETH. The downside of this card is that there are no cashback perks or rewards, but that also means the fees are nice and low for anyone wanting to take the responsibility of being their own bank. Here is a look at the fees and limits breakdown:

Monolith card

Further drawbacks are that this card is not currently available to US customers and the fact that it’s Ethereum only, which means a lot of tokens (Bitcoin most notably) can’t be used with it. This card is a great choice for anyone wanting to “unbank” themselves. Another card to consider that works in a similar fashion is the Plutus card.

4. BlockCard

unbanked card

Back to US and global-friendly crypto cards. The Unbanked Blockcard is another great choice for those who want to spend crypto, and enjoy perks with low fees.

The BlockCard is essentially a Visa debit card, which is preloaded with crypto in much the same way as most of the other cards on this list. It supports an impressive list of crypto assets that is only growing. There are also no deposit exchange or withdrawal charges in sight.

There is one thing worth noting that makes the Unbanked Blockcard different to most of the other cards out there, and that is that a user’s crypto remains as crypto right up until the point of sale. This means you can hodl your Bitcoin, and it will remain in BTC right up until you make the purchase. This is in contrast to most crypto cards where you have to mass sell crypto to fiat, then preload the card with dirty dollars or euros.

It’s also rare to find a crypto card that works with Apple and Google Pay, so this integration is a big plus for BlockCard and should make life that little bit easier for users. You’ll need to complete KYC procedures in order to get your card and there are rewards available too, although you’ll need to stake UNBK tokens in order to qualify. Here is a look at the staking limits and cashback you can earn:

unbanked rewards

The top rate is a whopping 6% which isn’t bad at all, but for that, you will need to stake 145,000 UNBK, which is currently worth approx. $630.

This is one of the best staking returns out there for the lowest entry point, so if you feel Unbanked has a future, it may be well worth getting in at this level, especially for our US-based readers.

admin

Read Previous

Cardano’s Next Key Update Will Engage ADA Community Members

Read Next

Shiba Inu (SHIB): Shibarium Burning 70% of Base Fee Leaves Community Delighted

Leave a Reply

Your email address will not be published. Required fields are marked *

Right Menu Icon