[key_takeaways title="Quick Answer: The best crypto cards in the UK"]
- Revolut card
- CoinJar card
- Cryptopay card
- Monolith card
- Coinbase card
- Crypto.com card
- Wirex card
- Binance card
- Uphold card
- #Choise.com card
[/key_takeaways]
From a fringe interest to mainstream finance, the rise of crypto cards in the UK is unprecedented, echoing the rapidly shifting financial landscape.
Backed by blockchain technology, a crypto card in the UK is no longer a figment of imagination but an authentic, accessible financial instrument.
Indeed, crypto debit cards are available in the UK, painting a new landscape for everyday financial transactions. By pairing the flexibility of digital assets with the convenience of traditional banking, these cards are steadily rewriting the finance rules.
đź“šRelated: What is Cryptocurrency and How Does it Work?
What is a crypto debit card, and how does it work?
Crypto debit is a payment method that allows you to spend crypto daily. They work like regular debit cards, except they automatically exchange crypto for fiat money, making the payment process as seamless as tapping your bank debit card at the till.
This function allows UK residents to quickly leverage their crypto holdings for daily transactions, opening up a world where purchasing a morning croissant with Bitcoin debit cards is as ordinary as paying with pounds.
In essence, the rise of crypto debit cards blurs the lines between traditional banking and digital currencies, transforming how we understand, use, and pay in finance.
Embracing a crypto debit card in the UK is less about being trendy and more about stepping into a financially inclusive and versatile future.
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[key_takeaways title="Key features:"]
- Multiple cards with no hard spending limits.
- Flexible and secure payments in crypto and fiat currenices.
- BTC, ETH, USDC, USDT, and TRX wallets.
- Easy control via an app and copitability with Google Pay or Apple Pay.
[/key_takeaways]
Choosing the best crypto card for your needs
Given the myriad options available, selecting the right card can seem daunting. This section will overview the specifics of ten major crypto debit and credit cards.
While comparing these cards, consider your specific needs:
- The cryptos you hold
- How often do you make transactions
- Your tolerance for fees.
Remember, the best crypto card for you might not be the best for someone else, so choose wisely.
#1: Revolut card
Revolut multicurrency card is more than just a Visa card; it is a super financial app that combines traditional banking, budgeting tools, and cryptocurrency trading all under one roof. Its seamless user interface makes managing your crypto or fiat funds a breeze.
You can use your crypto balance for daily spending with your Revolut Card. Just request it on the app, and when you make a purchase, Revolut will instantly convert your crypto to cash at our exchange rate and a fee.
After conversion, your payment will be processed by Revolut’s account provider according to terms and conditions.
Revolut has an impressive global reach, support for various currencies, and rich functionality. It makes the platform an excellent choice for anyone, from crypto-curious beginners to experienced crypto veterans.
Card type: Prepaid debit card
Supported cryptos: 80+ cryptocurrencies, including BTC, ETH, MATIC, SOL, and DOGE.
Supported fiat currencies: 35 currencies, including USD, EUR, AUD, GBP, CAD, and JPY.
Pros:
- Rewarding cashback program.
- Top up with fiat or crypto.
- ATM withdrawals are available.
Cons:
- Applicable Visa cost.
- A minimum fee for certain transactions.
đź“šRead more: How to Use Revolut Virtual Card for Online Payments?
đź“šRelated: Using the Revolut Card Abroad
#2: CoinJar card
The CoinJar card is a forerunner in crypto-financial services, sought after by crypto enthusiasts and casual users. Developed by CoinJar, this card seamlessly converts crypto assets into traditional money. It enables you to spend your digital wealth just like you would with fiat.
CoinJar card embodies the company’s commitment to accessibility and utility in the crypto space. It is a valuable tool that allows you to integrate crypto into your everyday finances.
Whether buying a coffee or booking a holiday, the CoinJar card brings your cryptos to the forefront of real-world transactions. It offers the convenience of a conventional debit card with the modern twist of cryptocurrency spending.
Card type: Prepaid crypto Mastercard
Supported cryptocurrencies: 14 cryptocurrencies and ERC-20 tokens.
Supported currencies: GBP, USD, EUR, and AUD.
Pros:
- No monthly fee.
- Supports a wide range of cryptocurrencies.
- Free foreign transactions.
Cons:
- 1% of the transaction amount for in-store and online purchases.
- ATM withdrawals come with a fee.
- 2.99% fee for foreign transactions.
#3: CryptoPay card
CryptoPay card is a highly versatile prepaid card enabling instant crypto-to-fiat conversion. It provides an effortless way for users to spend their digital money.
Originating from the innovative minds at CryptoPay, this card exemplifies the marriage of traditional financial functions with digital currencies.
Be it an online payment or a transaction at a physical store, the CryptoPay Card brings a much-desired level of simplicity to the complex world of digital assets.
Card type: Prepaid VISA card
Supported cryptos: 35+
Supported currencies: 3, including GBP and EUR.
Pros:
- Supports both online and in-store purchases.
- Low foreign transaction fees.
- High spending limits.
Cons:
- 3% foreign transaction fee.
- Charges an inactivity fee.
- €2,50 fee for each ATM withdrawal.
- Limited supported fiat currencies.
#4: Monolith card
Monolith card takes a unique approach by providing a decentralised banking alternative fully backed by Ethereum. This card seamlessly merges the blockchain world with everyday life. It allows users to utilise their digital money for real-world expenses.
Monolith is not promoting the use of Ethereum and other ERC-20 tokens. It is about fostering a new financial ecosystem that champions decentralisation.
It is a tool for those who believe in the power of blockchain technology and want to incorporate it into their daily transactions while enjoying the convenience traditional financial systems offer.
However, you still need to convert your Ethereum-based tokens to fiat currency and then load them onto your Monolith Visa debit card.
Card type: Visa top up card
Supported cryptos: 7, including USDT, ETH, and ERC-20 tokens.
Supported currencies: GBP and EUR.
Pros:
- You can spend your digital money in the real world.
- Low commission on conversions.
- 0% transaction fee (on all stable coins and TKN).
Cons:
- No perks or cashback.
- 1.75% purchase (in €) fee.
#5: Coinbase card
Born from one of the most prominent and trusted names in the cryptocurrency space, the Coinbase card brings the ease and familiarity of traditional finance to the world of digital assets.
It goes beyond just a means to access and spend/cash out your crypto, adding convenience layers with physical and virtual cards. Moreover, Coinbase Card provides crypto rewards, letting you earn as you spend.
Card type: Visa debit card
Supported cryptos: BTC, ETH, LTC, BCH, XRP, XLM, and more.
Supported currencies: USD, EUR, GBP, CAD, AUD.
Pros:
- No transaction fees.
- Crypto cashback and various rewards.
- No credit check.
Cons:
- Accessible only in specific countries.
#6: Crypto.com card
Established in 2016, Crypto.com stands out as a leading cryptocurrency exchange platform. It is known for its robust security measures.
The Crypto.com card is a digital currency-funded debit card. It empowers users to top up and use their cryptocurrency assets for real-world transactions. With five distinct card tiers available, the Crypto.com card accommodates various preferences.
The card provides flexibility in funding options, allowing users to add funds using either cryptocurrency or fiat money.
Card type: Prepaid Visa card
Supported cryptos: 17, including BTC, ETH, DAI, and DOGE.
Supported currencies: 8, including EUR, GBP, USD, AUD, CAD and others.
Pros:
- 1-5% cashback on spending.
- No annual or monthly fee.
Cons:
- Low limits for free ATM withdrawals.
- High stakes for higher-level cards.
đź“šRead more: Crypto.com Card Review
#7: Wirex card
Wirex, a U.K.-based company, offers a crypto debit card for holding, saving, investing, and spending crypto. The Wirex card is an excellent choice for international travel, supporting diverse currencies.
Moreover, the card caters to regular shopping and crypto enthusiasts, especially those keen on altcoins. What makes it even more appealing is that you can easily manage both fiat and crypto accounts.
Additionally, you can exchange crypto for fiat directly without involving any middlemen.
You can choose between virtual and physical card versions for online payments. Wirex provides versatile options to meet your needs, both in-store and online.
Card type: Visa debit card
Supported cryptos: BTC, ETH, XRP, DOGE, ADA, LTC (6).
Supported currencies: GBP, USD, EUR, SGD, and AUD.
Pros:
- Up to 8% Cryptoback.
- Wide range of currencies.
- Free card insurance.
Cons:
- 2% ATM fee on withdrawals over $250.
- The value of rewards in crypto can be unpredictable.
đź“šRead more: Wirex Card Review
#8: Binance card
Note:
- Binance Card services in the EEA stopped on December 20, 2023.
If you want a cashback card, consider the Binance card introduced in 2020. It offers up to 8% cashback on transactions and extra rewards and benefits.
This card is easy to use as it links directly to your Binance wallet. You will receive push notifications for each transaction. This feature helps you notice any unauthorised payments.
Additionally, you can integrate the card with Apple Pay, Samsung Pay, and Google Pay for added convenience. This makes the Binance card a straightforward option with extra perks.
Card type: Visa debit card
Supported cryptos: Conversion and spending of 14 cryptocurrencies.
Supported currencies: 11, including EUR, GBP, USD, and JPY.
Pros:
- Various rewards and perks.
- Numerous crypto tokens, including BNB, BUSD, BTC, and ETH.
- No EUR ATM withdrawal fees.
Cons:
- Tiered cashback rewards.
- 2% foreign transaction fee.
- Limited choice of cryptocurrencies
đź“šRead more: Binance Crypto Card Review
#9: Uphold card
The Uphold crypto debit card offers versatility for storing fiat currencies, cryptocurrencies, and even precious metals like Gold (XAU) and Silver (XAG).
It allows physical and virtual use, enabling users to withdraw cash with associated ATM fees.
Users receive 4% cashback in Ripple (XRP) for cryptocurrency spending. Local currency withdrawals are deducted from the digital asset balance in over 180 countries without converting to dollars.
For virtual card users, seamless integration with Google Pay or Apple Pay facilitates faster and safer payments. The Uphold card, with no activation or annual fees, provides real-time analytics for expense tracking. This feature enhances its appeal.
Card type: Crypto debit card
Supported cryptos: 250+, including BTC, BCH, ETH, LTC, XRP, XLM, DOGE, PAXG, USDT, and DAI.
Supported currencies: National currencies, including EUR, GBP, USD, AUD, CAD, CHF, JPY, MXN, NZD, SGD, PLN, CZK, HUF, ZAR, and BRL.
Pros:
- Great user experience.
- No foreign transaction fees.
- Low exchange rates when traveling abroad.
- Supports a variety of other assets, including stocks, ETFs, and commodities.
Cons:
- Cashback is in Ripple (XRP).
- A 1.75-3.99% deposit fees when using a debit/credit card
#10: Choise.com card
The Choise.com card, formerly the Crypterium.com card, is perfect for cryptocurrency transactions. The card comes in virtual and physical versions, seamlessly integrated into a user-friendly crypto management solution.
The versatile card adapts to your preferences. It simplifies getting paid, fixing earnings, and facilitating spending or cashing out. It is ideal for international payments and freelancing, ensuring instant funds.
Choise.com also offers a free wallet supporting various cryptocurrencies. This makes it a comprehensive solution for your crypto financial needs.
Card type: Prepaid VISA debit card
Supported cryptos: 30+ currencies, including BTC, ETH, LTC, XRP, and BCH.
Supported currencies: USD, EUR, GBP, AUD, CAD, JPY, and more
Pros:
- Simple and fast onboarding.
- Allows you to spend crypto and fiat currency anywhere Mastercard is accepted.
- Fully compliant and available in 100+ countries.
Cons:
- €2,99 card monthly fee
- High fees for various transactions
Note:
- All information provided is dated 7 May 2024 and may have been updated since. Please check each platform’s official website for the latest information.
Try the New swissmoney App
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Key features of crypto debit and credit cards
Decoding the features of these cards may feel like learning a new language for the uninitiated. However, once understood, these features unlock a world of convenience and potential financial gain.
Currencies
One critical feature to consider when choosing a crypto card is the supported cryptocurrencies and fiat currencies. Cards differ in the number and types of cryptos they offer. There are widely adopted ones like Bitcoin and Ethereum to the lesser-known tokens.
Additionally, these cards convert crypto to fiat currencies at the point of sale. Therefore, understanding the supported currencies is essential. This feature allows users to spend their crypto like traditional money, regardless of whether the merchant accepts cryptocurrency.
Exchange rate
The exchange rate applied during this conversion is another crucial factor to consider, as it can significantly impact the real-world value of your crypto assets.
Fees
Fees are another critical aspect of crypto debit and credit cards. Some cards might charge for ATM withdrawals, monthly maintenance, or foreign transactions, while others pride themselves on low-fee or zero-fee transactions.
Understanding the fee structure associated with each card will help avoid any unpleasant surprises.
Rewards and more: what to expect from a crypto card
One of the most exciting features of the best crypto credit cards is their rewards programs. These rewards often come in crypto cashback or reward points, allowing users to earn rewards with each purchase.
Some cards offer generous cashback rates or reward points for specific purchases or transactions. For example, users might earn more points when they use their card for online purchases or top up their card with a significant amount of crypto.
By understanding these key features, you are well on your way to selecting a card that aligns with your financial habits and goals. Remember, the devil is in the details — so be sure to read the fine print.
Understanding the value of crypto credit cards
Understanding the value of these cards involves more than just keeping up with the latest financial trends.
It requires grasping the fundamental changes these cards represent, such as democratising financial services and transforming traditional payment systems.
First, let’s tackle the question: Is it worth having a crypto card?
As with all financial decisions, it depends on individual needs and circumstances. However, from a particular standpoint, the best crypto debit cards offer advantages over standard bank cards.
Potential benefits and drawbacks of using crypto credit cards
Crypto debit and credit cards let users spend their digital money directly. This function is unheard of in conventional debit and credit cards.
This means your Bitcoin, Ethereum, or other cryptos do not have to stay locked away in a virtual wallet. Instead, they can be as liquid and spendable as the cash in your pocket or the balance in your bank account.
Apart from this unique liquidity feature, these cards also typically come loaded with rewards programs. These can range from cashback in crypto on purchases to other benefits such as discounts with partner merchants or airport lounge access with some premium cards.
However, using crypto credit cards is not without potential drawbacks.
The volatility of cryptocurrency means the value of your holdings can fluctuate rapidly. Plus, not all merchants accept crypto credit cards yet, limiting their use to specific contexts.
Making the most of your crypto credit card
When spending your crypto holdings through cards, understanding the limits and nuances of transactions is essential. For instance, the Crypto.com Card, one of the most popular in the market, offers varying withdrawal limits based on its tier system.
The essential Midnight Blue Card allows a monthly ATM withdrawal limit of ÂŁ200 with a 2% fee on the exceeding amount.
On the other end of the spectrum, the Obsidian Card offers a substantial ÂŁ800 withdrawal limit per month, with a 2% fee for additional amounts.
đź“šRead more: How to Use a Crypto Card: All You Need to Know
Tips for managing big purchases and online purchases with a crypto card
Imagine you are planning some big purchases or frequent online shopping. Your crypto card can be a valuable tool for these transactions.
Not only does it enable seamless transactions, but it can also reward you with cashback in crypto for your purchases. However, always know the conversion rates from crypto to your local fiat currency to ensure you get the best value.
Managing in-store and everyday purchases with a crypto card is as straightforward as any debit or credit card. Top up your card with your preferred crypto, and you are ready.
Remember, while shopping in-store, ensure the retailer accepts Visa or MasterCard, as most crypto cards leverage these payment networks.
Try the New swissmoney App
Fiat or crypto, Android or iOS we promise you the best Swiss quality experience.
Conclusion
Crypto cards are unquestionably a powerful tool for managing crypto assets. It makes them more accessible and functional.
Whether making online transactions, withdrawing cash, or managing everyday transactions, a crypto card could be the game-changer in your financial toolkit.
It is not just about spending crypto anymore. It’s about genuinely integrating it into our daily lives. With the proper understanding, the world of cryptocurrencies becomes simple and more practical.
FAQs
What is a cryptocurrency debit card?
A crypto debit card, e.g., a Bitcoin debit card, allows users to spend their cryptocurrency at merchants accepting traditional debit cards.
It links to the user’s crypto wallet and works for everyday spending, online shopping, and cash withdrawals from ATMs.
These cards support multiple cryptocurrencies like Bitcoin, Ethereum, and stablecoins and often connect to mainstream payment networks like Visa or Mastercard.
Some crypto debit cards offer users rewards, cashback, and additional benefits.
Are crypto credit and debit cards safe?
Generally, crypto credit and debit cards are safe. They provide various security features like:
- Two-factor authentication
- 24/7 fraud monitoring
- FDIC-insurance
However, crypto cards remain vulnerable to fraud and theft, similar to traditional debit or credit cards.
Remember that cryptocurrency payments typically do not offer legal protections. You cannot dispute a purchase or get your money back once a transaction is completed.
Therefore, it is crucial to take preventive measures to protect your money.
Can you get a crypto debit card?
Yes, you can get a crypto debit card. You can choose from various crypto debit card providers whose services and fees meet your needs.
To get and start using a crypto debit card, you must:
- Sign up for an account on your payment platform of choice.
- Verify your identity.
- Fund your account or wallet with crypto.
Where can I use a crypto debit card?
Major credit card services, like Visa and Mastercard, partner to issue Bitcoin debit cards. Therefore, crypto debit cards are usually acceptable anywhere online or in-store. You can withdraw cash at any ATM, supported by the credit service.