Cryptocurrency cards work similarly to traditional credit or debit cards. The cardholder will typically receive a physical card from either Visa or Mastercard that contains a card number, expiration date, and CVV/CVC number, allowing for usage both online and in-person. However, unlike traditional cards, cryptocurrency cards are funded by the cryptocurrency held in the user’s account with the card provider. For instance, if someone has an Coinbase card, their holdings in their Coinbase account will fund their transactions. Also, this allows the user to pay for goods and services with their digital currency. When a purchase is made with the crypto card, the card provider converts the necessary funds into fiat currency in real-time. Therefore, the merchant receives payment in their preferred currency while the user still uses cryptocurrency for the transaction.

In addition to simplifying the purchasing process, crypto cards also offer additional perks such as cashback on crypto purchases and fee-free or reduced fee ATM withdrawals. Here are five crypto cards you may choose:

1. Crypto.com Visa Card

Crypto.com Visa Card is a multi-asset debit card that allows users to spend their cryptocurrencies in the real world. Crytpo.com cryptocurrency exchange offers a wide range of services, including a crypto wallet, exchange, and lending. It offers a credit card that is accompanied by a top-notch cryptocurrency app that enables users to trade over 250 digital currencies. In addition to trading, the dedicated Visa card provided by Crypto.com allows individuals to spend their cryptocurrency holdings both online and in-person. The card is fee-free, and it offers various ways to top up including with fiat currency and cryptocurrency.

There are five different levels of the Crypto.com card, each with a different cashback rate. The highest tier, Obsidian, offers an attractive 8% cashback, but users must stake £300,000 worth of CRO (Crypto.com’s native token) to access it. Such as, the Midnight Blue tier is the only one that doesn’t require staking, and it provides 1% cashback on eligible purchases. Cashback rewards are in CRO and deposited directly into users’ Crypto.com app wallets. This card is available globally and offers competitive exchange rates. It has a minimum fee-free withdrawal limit per month starting at £180 (Midnight Blue tier). Monthly free currency exchange transactions start at £1,800, and anything over this amount incurs a 0.5% fee. Higher tier cardholders can enjoy additional perks such as airport lounge access, priority customer service, and merchandise welcome packs.

Features of Crypto.com Visa Card

• The ability to pay for services such as Netflix, Spotify, Expedia, Lounge, Airbnb, and Prime using the crypto card.
• Free ATM withdrawals of up to $1,000 depending on the card tier.
• Earning cashback ranging from 1% to 8% for spending with the card, as well as earning rewards through staking CRO, Crypto.com’s platform token.
• Five different card designs available with varying staking rewards, maximum withdrawals, and CRO staking requirements ranging from $0 to $400,000.
• No monthly or annual fees for CRO holders.
• Mobile app is also available for this card.

2. BlockFi Card

BlockFi‘s credit card launched in the second quarter of 2021, with shipment to eligible US residents in qualified states. For the most part, this credit card operates like a cashback card, allowing users to earn rewards on their crypto spending and reinvest those rewards.

BlockFi is famous for its cryptocurrency lending services, but it also offers a Visa card with unlimited 1.5% cashback on every purchase. With no annual fees or foreign exchange fees, it is a cost-effective option. Users can earn a minimum of 1.5% in BTC on all purchases, and new users can even receive a temporary offer of 3.5% cashback on eligible purchases, capped at $100 worth of BTC. However, it’s important to note that the rewards earned in Bitcoin cannot be converted to other cryptocurrencies and may not be immediately available. BlockFi allows users to earn additional bonuses, such as $30 worth of BTC by referring friends. If a user spends over $50,000 annually with the BlockFi card, they will receive 2% cashback instead of the standard 1.5%. Due to these benefits, BlockFi has become a popular choice for one of the best crypto interest accounts in 2022.

To obtain a BlockFi card, “good” credit is required, but the pre-approval process does not affect credit scores. There are no restrictions on monthly spending once the card is here. BlockFi even offers 0.25% reimbursement on eligible cryptocurrency trades made with the card. All in all with these features, BlockFi’s Visa card is a top choice for the best crypto credit cards available in the market.

Features of BlockFi Card

• 1.5% cashback in Bitcoin on all purchases.
• A sign-up bonus of $250 in Bitcoin for spending $3,000 within the first three months.
• Up to 3.5% in additional rewards within 4 to 6 months of owning the card, with a 3.5% Bitcoin rewards rate for the first 90 days of approval. Users who spend over $50,000 annually can earn 2% back in Bitcoin per dollar spent. BlockFi account recieves rewards on a monthly basis.
• The opportunity to earn additional Bitcoin by referring friends, with a $30 reward per referral.
• The ability to pay bills, make purchases, and withdraw crypto in the form of fiat at any VISA merchant, outlet, or ATM.
• No credit score checks required for qualification.

3. Nexo Card

Nexo MasterCard is a physical credit card that lets users borrow up to $2 million against their cryptocurrency holdings. The loan is secured by the crypto assets in the user’s wallet, and they can borrow up to the value of their crypto holdings. The card currently supports 20 different cryptocurrencies. Now that, the Nexo Card is a Mastercard debit card that allows users to spend their cryptocurrency holdings in the real world. The Nexo Card is available in several countries, including the European Union, the United Kingdom, and Australia.

Features of Nexo Card

• Offers 2% cashback rewards for purchases made with the card.
• Has a mobile app for iOS and Android that allows users to control their card, including freezing it, setting transaction notifications, changing the PIN and ATM, etc.
• To apply for a loan, a user must create an account, pass KYC verification, and deposit crypto into their wallet.
• Allows for loan interest to be paid in either crypto or fiat.
• Accepted anywhere MasterCard is accepted, at 40 million merchants and ATMs worldwide.
• Has the option to create virtual cards for safer online usage.
• No monthly or annual fees, no application fees.

4. Coinbase Card

Coinbase Card is a debit card that belongs to the Coinbase cryptocurrency exchange platform. The Coinbase Card enables users to spend their cryptocurrencies and U.S. dollars. As a debit card, the Coinbase Card can be used at ATMs worldwide for both everyday purchases and cashing out cryptocurrencies. Coinbase will convert the cryptocurrency to U.S. dollars for ATM transactions, with a daily limit of $1,000. In any case, the Visa debit card offers a cashback rate of 4% on card purchases.

Features of Coinbase Card

• No additional fees for annual, sign-up, or monthly charges
• Converts all cryptocurrencies to USD for use with merchants or cash withdrawals at ATMs with the Visa logo
• Enhanced security with instant card freezing, 2-step verification, and PIN protection or contactless withdrawals
• Access to mobile app with transaction receipts, spending summaries, and instant transaction notifications
• Earn 4% rewards in cryptocurrency for purchases made with the card
• Issuance or replacement fee of £4.95/€4.95, with a 2.49% fee for crypto-to-fiat conversion per transaction.

5. Gemini Card

Gemini, a leading cryptocurrency exchange founded by the Winklevoss Twins, offers various crypto services, including the upcoming Gemini Credit Card. The card promises up to 3% cashback on eligible transactions, with the option to receive rewards in BTC, ETH, or 50+ cryptocurrencies. It has no annual, FX, or exchange fees and offers instant rewards. The card comes in a sleek design with black, silver, or rose gold options, and leverages the Mastercard network for worldwide use.

Cashback rates include 3% on dining, 2% on groceries, and 1% on other purchases, with 30 cryptocurrencies available for loading. By all means, the card is issued by WebBank and features an iOS and Android app for managing expenses and freezing the card instantly.

Features of Gemini Card

• Instant cashback deposits up to 3% in the user’s Gemini account
• Management through the iOS and Android app, including in-app access to the credit card number and integration with Apple Pay or Google Pay
• Waitlist open for residents in all 50 U.S. states, no prior Gemini membership required, rewards deposited into Gemini exchange account
• 24/7 live agent support and near-instant access to the card
• No fees for exchange, acquiring the card, or annual charges.

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