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Are you interested in getting a crypto debit card? They’re a great way to make use of your crypto profits without exchanging them directly for FIAT. From helping you to save money on taxes until making your crypto holdings more versatile, they offer a vast universe of benefits.
Therefore, if you’re an active trader – especially if you live from it like many traders at Bitlevex and similar websites – then this is for you. Let us show you the basics of crypto debit cards and how they will super-charge your crypto way of life.
What are crypto debit cards?
Simply put, they’re like your classical debit card but they use cryptocurrencies to make transactions. Be it BTC, ETH or stablecoins, you can choose which ones to purchase on stores, malls, authorized establishments, online purchases, etc.
You can use them for practically anything. Be it buying goods online/offline or paying for services, these debit cards are the real way to purchase real things with crypto, the easy and exchange-free way.
How do you get a crypto debit card?
There are several websites that already issue crypto debit cards, being the Binance card one of the most popular. However, keep in mind that they are not all available for all countries. For example, Xapo deactivated all the crypto debit cards in South America some years ago, and the Binance Card is not available in several regions, including LATAM.
Nonetheless, here you have the top 10 crypto debit cards providers in 2021:
- Binance debit card
- Bitwala debit card
- Cryptopay debit card
- Wirex debit card
- Monolith
- BitPay debit card
- BlockCard
- CoinZoom
- Nexo
- CoinBase debit card
To get one of these cards, you have to go through their registration process, which usually includes a KYC (Know Your Customer) filter. They can be quite exhaustive, but once you fulfill them, you’ll get your debit card in no time.
Before you choose a debit card, take a time to compare them. Choose the one that better suits your lifestyle, and of course, that offers you benefits such as cash-back, rebates, discounts etc. Furthermore, you can even use a cryptocurrency debit card that mainly works with your main crypto. For example, the Monolith debit card is the best for ETH.
How do you use a crypto debit card?
To fund your card, all you need to do is to send your desired cryptocurrencies to the specific wallet/address. They work the same way a bank account works, so you can easily fund it by sending the desired amount of crypto you wish to use.
Now, to use it for buying and paying for products and services, all you need to do is to use it like a regular debit card. It’s that simple. The only technical step is funding it with crypto, but other than that, it’s the same as any other card out there.
You must be careful when using it, by taking the same steps you’d take to protect a traditional debit card and some more. Because you’re talking about crypto, and they’re the target of many cyber criminals. Therefore, only transfer what you need and protect most of your holdings in a proper cold storage.
As you can see, they’re easy and practical. Choose yours and start buying with the power of crypto!
Final Words
What is your favorite debit card? Are you already buying with your crypto debit card? Let us know what you think about them in the comments, and if you have a new one to suggest, let us know too, so we can add it to the ranking.
