The popularity of Bitcoin debit cards plays a major role in the adoption of bitcoin as an actual currency. Bitcoin debit cards streamline the process of using bitcoin to pay for goods and services and are convenient tools for everyday purchases.
There are several Bitcoin card providers, and choosing the right card can be challenging. This review looks at five leading physical Bitcoin debit cards to help you narrow down your choices.
What Are Bitcoin Debit Cards?
Bitcoin debit cards are prepaid cards that allow you to spend bitcoin (BTC) on everyday purchases directly from your account. They work like traditional prepaid debit cards and can be used for online or in-store purchases.
Bitcoin debit cards automatically convert bitcoin to fiat currencies during the time of purchase for businesses that don’t accept cryptocurrencies.
They offer a convenient way to spend bitcoin and only require you to load them with BTC from your wallet or account.
Top Physical Bitcoin Debit Cards to Consider Getting
Let’s take a look at five popular physical Bitcoin debit cards, examining their features, incentives, and fees.
1. Zypto:
The Zypto Bitcoin debit card is a prepaid physical card that provides a convenient way to spend bitcoin.
The Zypto Bitcoin card’s availability in most countries and regions helps ease the transaction experience for both local and international purchases. You can use the card at any merchant that accepts non-3D secure payment forms.
The Zypto physical debit card has a monthly spending limit of $175,000 and a daily withdrawal limit of $2,000.
Additionally, holders enjoy reward points whenever they use Zypto products and services via the Zypto app’s loyalty program.
2. Coinbase:
The Coinbase Card is a Bitcoin Visa debit card that you can use at any location that accepts Visa cards.
A Coinbase exchange account is the first requirement to be eligible for the debit card. Meanwhile, only Coinbase customers in the U.S., U.K., and some countries in Europe can access the crypto visa debit card.
The card has a daily spending limit of $2,500 and a maximum daily ATM withdrawal of $1,000.
Additionally, Coinbase offers rotating loyalty rewards to cardholders depending on daily spending. Each reward has an expiration date, which you must act upon before the period ends.
3. Wirex:
Wirex offers a physical Bitcoin debit card that is accepted anywhere Visa cards are accepted.
The Wirex cryptocurrency debit card is available in many countries around the world and allows you to spend fiat and Bitcoin conveniently.
This card’s maximum spend per month is $10,000. When it comes to Wirex ATM’s daily withdrawal limit, the maximum per transaction is $500.
The Wirex Bitcoin debit card also offers cashback rewards in the Wirex’s native token.
4. Crypto.com:
Crypto.com’s physical Bitcoin debit card is a highly versatile payment tool with five card tiers, each with different requirements. It works with various fiat currencies and cryptocurrencies to ease your transaction process.
Debit cards from Crypto.Com come in various tiers, which differ from each other in terms of free ATM withdrawal limits. The lowest tier, Midnight Blue Crypto.com, has a maximum ATM withdrawal limit of $200, while the highest tier, Obsidian, has a $1,000. Meanwhile, normal withdrawals per day across all cards rest at $2,000.
The crypto.com debit card is accepted in over 200 countries. It also comes with various rewards including cashback in CRO tokens, rebates on subscriptions, and airport lounge access. These rewards are issued based on card spending, usage, and staking.
5. BitPay:
The Bitpay Bitcoin debit card is issued by Mastercard and allows you to use cryptocurrency for purchases and transactions.
While the BitPay card is accepted by millions of merchants globally, only U.S. residents are eligible. The card offers cashback and referral bonuses as rewards.
This card restricts withdrawals to more than thrice daily and has a total daily withdrawal limit of $6,000.
The Takeaway
Choosing a Bitcoin debit card comes down to your requirements and needs. The main factors you need to consider for the best Bitcoin debit card experience include fees, geographic availability, and level of security.
