Today we present the 5 best crypto debit cards in Europe and a detailed guide.
Crypto card-carrying offers and discounts continue to increase as more people join the crypto market.
Europe is also among the many regions where debit cards are popular.
What are crypto debit cards?
Crypto debit cards allow people to use their crypto assets to purchase products or services online.
The card is used for transactions or withdrawals from ATMs.
The card contains a pre-established cryptocurrency allowing the amount of currency to be exchanged for fiat currency at the time of purchase.
Cryptocurrency has spread over the past years, increasing the number of crypto debit cards in Europe.
This service offers many privileges, such as obtaining cash-back rewards or interest rates through users’ mobile applications.
These cards also support using many cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.
How crypto debit cards work
Crypto cards, like traditional cards, are used to make purchases by supplying them with cryptocurrency and then making purchases in stores or through merchants who accept payment in cryptocurrency.
To order this card in Europe, the user only needs to open an account with one of the companies that offers a debit card for cryptocurrencies, complete the identity verification process, and then deposit some currencies into the account.
There are different conditions for each card and the cryptocurrency chosen by the user.
Each card provides a list of cryptocurrencies, and the most supported currencies are Bitcoin and Ethereum.
The majority of cards work with a cryptocurrency wallet and an application that allows the currency to be loaded onto the card, where the card and account are managed through this application.
The application also provides a crypto virtual card used for online purchases.
When the card is loaded, it can be used through ATMs and commercial stores like a regular debit card.
After registering an account, the user can use his crypto virtual card.
Many crypto cards also offer a fixed rate for rewards and cashback like regular rewards cards.
Benefits of using crypto debit cards
The number of users of cryptocurrency is increasing in the world as crypto assets have become a part of some people’s lives so they are interested in how to use them as a means of payment.
Most businesses do not accept cryptocurrency payments, but some allow payment in cryptocurrencies in exchange for goods and services.
There are some key benefits of using a crypto debit card in Europe:
- Reduced annual fees: Unlike banks, which charge high commissions and annual fees in exchange for obtaining their services, crypto cards offer lower fees.
- No foreign exchange fees: Many cards issued by banks contain foreign currencies in exchange for which the banks take foreign exchange fees, which is something that crypto debit cards do not provide, so Visa or MasterCard fees do not have to be paid.
- Different currencies in one card: Many cryptocurrency debit cards allow access to fiat currencies and crypto assets.
- Cash Back Rewards: Cash back rewards can be earned by paying with cryptocurrency cards, some of which offer 3% or higher rewards per transaction.
6 Best Crypto Debit Cards in Europe
The investor wants to use his encrypted assets easily. If the investor is a resident of Europe, there are many crypto debit card options, here are 6 of the most popular ones:
1. Fluid Finance
A Swiss-based banking company that combines traditional banking services with cryptocurrencies and enables individuals to use their crypto assets in the real world.
What distinguishes the platform from others is that it is the first for traditional banks to support connection to WEB3 wallet.
The platform’s accounts are easy to use, as anyone can open an account. All the user has to do is register and the platform verifies the identity.
crypto debit cards also feature multiple currencies and allow users to earn returns, invest, and spend cryptocurrencies from the same application.
Key advantages of using a Fluid account
- Send and receive money worldwide (need to hold at least one FluidFi token).
- Free ATM withdrawal up to €400 per month.
- Safe deposits.
- All accounts receive a 4% interest rate on deposits.
- There are no monthly fees for maintenance.
- Linking the account to a crypto wallet within WEB3.
Virtual cards can be used to obtain physical goods, such as at grocery stores or anywhere that accepts MasterCard payments.
Users in the European Union, the European Economic Area, and Britain can open a bank account.
Fluid accounts are characterized by being safe for keeping funds and obtaining paper money in exchange for cryptocurrencies through the platform’s partnership with partner banks so that the ratio of digital to fiat money is 1:1.
Fluid collaborated with Merkle Science; A predictive analytics company specializing in blockchain to evaluate on- and off-chain transactions.
2. Wirex
A fintech platform offering debit cards where the crypto cards can be linked to cryptocurrency exchanges.
The London-based company offers encrypted debit cards to make crypto or fiat payments to merchants who accept debit card payments.
Use cases for Wirex cards
- Daily payments.
- International transfers.
- Machine-to-machine payment.
The company mainly aims to provide fast and secure ways to transfer money through an application that provides an alternative to traditional banking services by combining a rewards rate of up to 8% cash back on purchases.
3. Coinbase Visa Card
Coinbase was founded in 2012 to be one of the most popular cryptocurrency exchanges.
The Coinbase card also allows its holders to spend cryptocurrency anywhere a Visa debit card is accepted.
It is a great choice for those looking for a crypto debit card in Europe due to its multi-currency support, easy currency conversion, and superior transaction security.
What are the advantages of Coinbase cards?
- Use it anywhere Visa is accepted.
- Use multiple cryptocurrency wallets for payments.
- Many security features.
To start using the card, the user must have an account on the Coinbase platform.
It is not necessary to have fiat currency, because the card automatically transfers cryptocurrency to the user’s Coinbase wallet.
The card provides many security features, such as a mobile wallet, two-factor authentication, a spending tracker, and many other features that secure the purchase process from within the store or through the Internet.
You can also withdraw money from any Visa ATM around the world.
For residents of Europe and the United Kingdom to obtain a Coinbase card, a fee of 4.95 euros must be paid.
But US residents get Coinbase Card for free at no cost.
Coinbase also charges several fees such as a 2.49% liquidation fee.
4. Crypto.com
The Crypto.com platform supports more than a hundred cryptocurrencies and enables users to earn rewards of up to 8% on purchases via the card.
The card can be loaded with fiat currencies in addition to cryptocurrencies, as it accepts more than 20 fiat currencies.
Crypto.com card is used to pay in any store that accepts Visa cards.
The card also provides conversion of cryptocurrency to US dollars and is used for payment.
The category of the card is determined by the amount of crypto tokens purchased and deposited on the card only. Users must complete KYC verifications.
Benefits of using Crypto.com Card in Europe
- Support more than 80 cryptocurrencies.
- There are no issuance fees or monthly fees.
- Discounts on streaming services.
- Withdraw up to one 1000 euros from an ATM depending on the card type.
- No annual fees
- Cashback rewards through the platform’s native token CRO.
The popular crypto exchange has many advantages, but it also has a higher cost.
Although there are no fees for the card, those who want to obtain higher redemption rewards should obtain a card with a higher category.
Also, if the user wants to obtain an Obsidian card, for example, and benefit from 8% cashback and a monthly withdrawal of up to 1,000 euros, he must purchase and store the equivalent of 350,000 euros worth of CRO tokens for 180 days.
5. Binance card
Binance was founded in 2017 and has grown to become the largest cryptocurrency exchange in the world.
The company also partnered with the Swipe platform in 2020 and Binance offers a Visa debit card and 8% cashback service.
The Binance crypto debit card in Europe works in the same way as other crypto debit cards.
There are no monthly or annual fees, just the user has to keep cryptocurrency in the wallet and convert it to cash at the time of purchase, whether in the store, online, or anywhere that accepts Visa cards.
Advantages of using Binance crypto debit cards
- Up to 8% cashback.
- There are no monthly fees or card issuance fees.
- Possibility to convert cryptocurrency upon request.
However, there are fees for transactions and ATM withdrawals of 0.9%.
In addition to additional fees added by ATM operators, the card also supports several cryptocurrencies such as Bitcoin and Ethereum.
The Binance Card gives cashback on every purchase made using the card.
However, the reward level depends on the BNB holdings in the Binance wallet, as those who receive 8% cashback must maintain a minimum of 600 Binance coins in the account.
6. RedotPay Crypto Debit Card
The RedotPay card is considered among the best bank cards that support Bitcoin and cryptocurrencies, as it is supported in most parts of the world.
The company provides virtual cards for $10 and plastic cards for $100.
But don’t worry, there is a discount code below that you can use when opening an account to get the card for less than its regular price.
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Recently, the company partnered with the crypto exchange platform Binance, as it provided the ability to charge your bank card directly through your account on the Binance platform via BinancePay.
Not only that, but you can also charge the bank card through any cryptocurrency wallet or other crypto exchange platform via the following cryptocurrencies:
- Tether (USDT): ERC20 | TRC20 | BEP20.
- USD Coin (USDC): ERC20 | BEP20 [POLYGON.
- Bitcoin.
- Ethereum: ERC20 | BEP20.
You can also purchase an unlimited number of bank cards that support Bitcoin and cryptocurrencies.
I tried the card and it is supported on all websites and applications.
Here is a list of the places where the card was tested:
- Meta Ads (Facebook Ads).
- Google.
- Google Play Store (games and applications).
- TikTok.
- Netflix.
- Spotify.
- YouTube.
- Amazon.
- Ali Express.
- Google Pay.
- Apple Pay.
- And more, the company issuing the card says that it is supported in 44 million places and locations around the world.
In my experience, I have not faced rejection from any website or application when using the card.
Choose between the best crypto debit card in Europe
If you are looking for a way to convert cryptocurrencies into fiat, you should be aware that the market has changed in the past years.
There is scope for assets to become part of daily use, especially with the large number of cryptocurrencies.
So a crypto debit card fits well with this conviction as it is a convenient way to cover expenses.
Additionally, if you use cryptocurrencies a lot you will be looking for more cash back on your purchases.
In this case, you should discover different levels of cash-back rewards for each card, and remember that each card has different transaction fees.
