Crypto com Visa Card Earn Crypto & More!

Pay for goods and services, exchange currencies and withdraw from ATMs with ease. With the Wirex Debit Card, users can hold crypto in their account and only sell it at the point in time where they spend using the debit card. This is a great benefit for investors looking to hold onto their crypto for as long as possible. This way, you’ll be able to keep as much exposure to the digital asset markets as possible –– there’s no need to sell your crypto in advance of making purchases with your debit card.

• Most crypto debit cards promise to offer a cash-back percentage for every purchase you make.
• Crypto.com is a fully regulated crypto company, meaning that it complies with all necessary financial and risk-prevention regulations.
• In effect, the two highest levels are out of reach for most, which makes the advertised rate of “up to 5%” somewhat misleading.
• As of August 2022, the market value for CRO rewards is in the $0.13 to $0.14 range.
• Coinbase suggests using USD, or a stablecoin such as USDT to USDC, to avoid setting off a trail of tax liability events when you use your card.

Crypto.com’s native token CRO has continued its multi-week rally, gaining another 25% after becoming the first cryptocurrency platform to achieve SOC 2 compliance. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice.

Crypto.com Visa Card

Self-proclaimed as the most widely accepted card of its kind, the Crypto.com card offers its users a convenient way to use funds while also offering perks and other benefits. The Crypto.com card charges social trading service of orbex no annual fees and is a Visa prepaid debit card, which means that the card is accepted anywhere in the world that accepts Visa cards. Crypto debit cards uphold some of the highest security standards.

• Traditional debit cards don’t offer cash back, and credit cards typically offer between 1% to 3% cash back on your spending.
• We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.
• The Crypto.com App also allows you to purchase cryptocurrencies directly with your credit/debit card.
• That tier, however, requires an enormous CRO stake of $400,000 – well outside the means of most crypto investors.
• The IRS considers every sale, trade, or disposal of cryptocurrency a taxable event.

Since it’s not a credit card, you have to add funds to your Crypto.com app account using bank account transfers, credit or debit cards or other cryptocurrency. Those funds are turned into crypto assets that then become spendable currency using your Crypto.com Rewards Visa Card. The Crypto.com Visa Card is a prepaid debit card and you have to first load funds on it before you can use it. The card has five different tiers, each with its staking requirements, its crypto reward, and its benefits. Each Crypto.com card level requires you to stake a certain amount of the platform’s cryptocurrency (Crypto.com Coin/CRO) for 180 days in return for CRO rewards. You are able to get a Crypto.com virtual card and Crypto.com physical card .

Nexo Card: Best for using your crypto as collateral

Choose the card that has offers that make the most sense for you. Rose Gold or Icy White cardholders can also receive access to Crypto.com Private. This means you will receive OTC (over-the-counter) block trades of CRO, research reports, inheritance service, industry events access, and priority customer service. Not only do you earn the extra 10% interest, with the Earn Program, you can also earn more in passive income when staking your cryptocurrencies. However, Monolith does charge more fees than most providers on this list.

The pre-paid card works by offering incentives and rewards in return for staking CRO (a currency created by crypto.com). The entry-tier card is free but the other cards require you to stake an amount of CRO for at least 6 months. After this period, you can withdraw your funds and reduce the benefits, or keep the money staked to maintain those benefits. The Crypto.com card has a variety of rewards depending on the tier of card you choose.

After the limit is reached, fees on the withdrawal amount are increased to 2% thereafter. In the event that a user upgrades their CRO stake or Card tier in the middle of the month, the monthly CRO Card rewards cap will be updated to the higher tier. The monthly CRO Card rewards cap will be determined by your current CRO stake or current Card tier, whichever is higher. There is no monthly CRO Card rewards cap for Icy White, Frosted Rose Gold, and Obsidian cardholders. Card cashback will only be credited for the amount exceeding the maximum monthly purchase rebate.

How the Crypto.com Rewards Visa Card compares to other crypto cards

Crypto.com Rewards Visa Card is a prepaid debit card made specifically for crypto enthusiasts who want to use their digital assets as a spendable currency. The Crypto.com Rewards Visa rewards cardholders for purchases made following Merchant Category Codes outlined on their website. It earns rewards–not as cash back or points–but as CRO token based on the rewards tier you fall in at the time of purchase.

If you’re in the United States, that means when you add crypto funds to your card, they’re first converted to U.S. dollars. After you’ve staked crypto for 180 days, you can unstake it and keep your card. However, you’ll earn a much lower rewards rate and how to add crypto investment to tax cryptocurrency exchange with orders lose most of your card’s benefits. The American Express Bluebird card is similar to Serve, and even issued by the same bank, but there are a few minor differences. For one, Bluebird has no fees despite how much you deposit to your account each month.

Bonus rewards

You can conveniently choose between average, fast, and super fast transaction confirmation speeds, where average and super-fast represent low and very high transaction fees respectively. However, it charges a fee for crypto withdrawals to an external address which differs based on cryptocurrency being withdrawn. In our experience, the Crypto.com App is by far the easiest way to buy, sell, send, receive, exchange, cryptocurrency regulation around the world in 2019 ranked! and pay with crypto via Crypto.com. The app lets you deposit cryptocurrencies free of charge, allows free crypto to crypto exchanges, and supports free transfers to the Crypto.com Exchange and DeFi Wallet. Crypto.com is on the lower end when it comes to trading fees for centralized exchanges. Though different products are priced differently, it is one of the best fiat-to-crypto gateways in the crypto industry.

The Obsidian tier also provides all the perks of the previous tiers plus a 10% benefit with Airbnb. Editorial Disclosure – The opinions expressed on BestCards’ reviews, blogs, and all other content on or relating to the website are solely those of the content’s author. They are not reflective of any card issuer or financial institution and have not been reviewed or approved by these entities unless otherwise noted. Further, BestCards lists credit card offers that are updated daily with information believed to be accurate to the best of our knowledge.

Next, you can make Crypto.com card top up by purchasing Crypto.com tokens with fiat money, debit or credit cards, or using other cryptocurencies. Then, head to the ‘Card’ tab in the App and choose your desired Crypto.com Visa Card. For instance, there are no Crypto.com card top up fees if you use credit/debit cards in the UK or EU while in the US a 2.99% fee will be charged for credit card top-ups.

• These are provided as guidelines only and approval is not guaranteed.
• Lastly, once you have loaded funds onto your Crypto.com Card, you are unable to withdraw them online, but rather in cash from an ATM.
• As you can see above, the amount you need to stake to get each card goes up significantly as the benefits of the card increase.
• The Crypto.com card is a prepaid debit card and does not affect your credit score.
• All Crypto.com card options currently pay a lower reward when not staking.
• Yes, You should make the payment or change the current payment method to the Crypto.com Visa card for the subscription in order to enjoy the rebates.

Various tiers of the Crypto.com Rewards Visa Card also come with cardholder perks that may be interesting and useful. But the card’s best benefits are only available to cardholders of the top-tier Obsidian, which requires a considerable staking threshold. It’s worth noting these rates are lower than previous rates offered by Crypto.com.

Most of us have at least one or two credit cards sitting in our wallets. At the close of 2020, there were 365 million open credit card accounts in the U.S., and 79% of consumers had at least one credit card or charge card. That’s the highest percentage since 2008, when the Fed began tracking payment choice data. And, about 63% of Americans use a credit card on a monthly basis — in large part because of the rewards and perks that certain credit cards offer.

Benzinga has scoured the crypto market to bring you its top crypto debit card picks. Spending your Bitcoin or Ethereum is quite a novelty in the real world — few stores and websites accept digital currencies at the moment, and for good reason. Retailers are scared about exchange rates, find blockchain technology too difficult to understand or think cryptocurrencies are highly volatile assets. Thankfully, new products are popping up to solve all these problems — crypto debit cards.

If you were already in the market for a new credit card, crypto credit cards can offer an easy way to build your crypto nest egg over time while giving you access to a line of credit. These cards are at least worth considering if you’re OK with the temporary drop a credit card can cause to your credit score, or with the other risks that can come with opening a new card account. If you’re primarily looking to earn rewards, the Crypto.com card isn’t the best option.