Wondering which is the best crypto debit card? How do they differ from traditional debit cards, and what do they all offer? This article will talk about it and will enlist top crypto debit cards.
- Overview
- Popular Crypto Debit Cards Around the World
- Conclusion
Overview
Cryptocurrency is one of the buzzwords that is taking the world by storm. With the advent of cryptocurrencies, crypto debit cards have gained a lot of public eye due to its feasibility, unmatched features, easy and simple access worldwide. They work exactly the same, just like other payment cards that we use for digital money transfer. They have easy operations; you can swipe them at card terminals to withdraw cash at ATMs or shop things of your choice. The concept was introduced to transform financial services while introducing major improvements in terms of transaction speed, privacy, and cost.
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Popular Crypto Debit Cards Around the World
If you are a crypto enthusiast, you must have heard a lot about its debit cards that are easy to operate and empowers its users to convert cryptocurrency into fiat currencies in just a few minutes. Without delay, let’s explore the most well-known crypto debit cards.
BlockCard
When it comes to crypto debit cards, BlockCard is one of the well-known debit cards that is used by traders, miners, and long term holders for their purchasing purposes. It is a cryptocurrency-based fintech platform powered by Ternio and supports more than 12 cryptocurrencies, including BTC and ETH, and, most importantly, empowers its users to convert cryptocurrency into dollars in minutes. BlockCard users get a plastic and virtual card, each having a unique card number. This crypto debit card supports an optional FDIC insured bank account and offers around 6.38% crypto back rewards on all shopping.
Plutus
Plutus, introduced in 2015, is a European crypto debit card that claims itself better than banks. It offers quick account setup and KYC verification and allows users to transfer their funds and track expenses in real-time without any restrictions. With Plutus, one can shop over 60 million merchants, either online or in-store, globally. Apart from all of this, it allows its users to:
- Swap assets
- Manage fiat and cryptocurrencies and
- Earn a 3% crypto reward and a decent cashback at selected retailers.
Moreover, Plutus doubles as a virtual bank account offered to residents in the European Economic Area for free.
Wirex
Wirex debit cards give you the power to control your money the way you want on a single borderless payment platform. It allows users to buy, spend, store, or exchange your traditional currencies whenever they want. Introduced in 2014, London fintech firm released this contactless, multi-currency Visa card that has a built-in utility token, known as WXT, that gives users 0.5% BTC on in-store purchases via its Cryptoback program.
Wirex claims to be PCI DSS Level 1-certified, which gives your funds the highest level of protection. With Wirex, you can track your payments anywhere, anytime, and manage your account with live in-app messages.
Paycent
Launched in April 2018, Paycent is a Singapore-based financial platform that offers its debit card to everyone, which can be ordered from the Paycent App. This crypto-based debit card seems to be a global solution that is accepted by 36 million merchants in 200 countries. Initially, the card supported BTC, and now it supports various other cryptocurrencies, namely, ETH, BNB, LTC, XRP, and DASH. It enables users to convert digital assets into local fiat currencies from ATMs with real-time accessibility and service without compromising the security standards.
Total, there are three Paycent cards available for crypto cardholders, namely, Ruby, which is powered by China Union Pay, Sapphire, powered by Union Pay International, and Solitaire, powered by Mastercard. If you are wondering how much they charge monthly, note that Sapphire and Solitaire cost $2 per month while Ruby is free.
Conclusion
Undoubtedly, crypto debit cards can be seen as a revolutionary transformation for blockchain mass adoption; it still has to go a long way. Top enterprises like Mastercard, Visa, and PayPal interest in the crypto world indicates that the race in the debit crypto card space will get more fierce.
Which crypto debit cards do you prefer, let us know in the comments section.
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