What are crypto debit cards? | Get Started with Bitcoin.com (2024)

FAQs

What are crypto debit cards? | Get Started with Bitcoin.com? ›

Cryptocurrency debit cards are like prepaid credit cards. You can use them to make payments in person or online exactly like you would with any other credit card. You either enter your card details or swipe your card to make a payment, and merchants receive cash in their local currency.

Tokyo, Japan, August 9th, 2024, Chainwire – Bitcoin.com, a pioneer in the Bitcoin and crypto space since 2015, has integrated into its wallet, games, news, and education platform a debit card that empowers users to spend their cryptocurrency seamlessly at any location Mastercard® is accepted.

About the Crypto.com Visa Card

The Crypto.com Visa Card works like a prepaid card, meaning you'll have to add any money to your account that you want to spend. It comes with five different rewards tiers and benefits based on the amount of money you “lock up” or stake in your Crypto.com account for six months.

Banks usually charge their customers hundreds of dollars annually for metal cards. Crypto.com offers our users one for free: No monthly fee.

Is Crypto.com safe to link my bank account to? Yes. Crypto.com uses Plaid to link your bank account to your exchange account.

You either enter your card details or swipe your card to make a payment, and merchants receive cash in their local currency. Many crypto debit cards also allow you to take out cash from ATMs. The two methods for funding crypto debit cards are: Top up your card by selling crypto to cash in lump sums.

Is Crypto.com card worth it? The Crypto.com card may not be suitable for everyone. It comes with high staking requirements, top-up fees, poor card limits, and various other fees such as inactivity fees, foreign currency transaction fees, and ATM fees.

The Crypto.com Visa Cards are issued by Digital Commerce Bank and offered by Foris, Inc.

How to get money off a crypto.com card? ›

Where can I withdraw cash with my Crypto.com Visa Card? You can withdraw cash from almost any ATM worldwide that bears the VISA or VISA Plus logo.

Midnight Blue – A$4.01. Other Card Tiers – A$70.

If you use a debit or credit card, you'll be charged 2.99%, and this fee is waived in the first seven days of trading. Crypto.com's recommended funding process is to fund your fiat wallet with USD via ACH. From there, it's completely free to purchase crypto.

On June 9, 2023, Crypto.com announced plans to shut down its institutional exchange in the United States by June 21, citing low demand from large financial institutions.

Crypto.com also implemented the Account Protection Program (APP) for additional security of user funds. Compared to other cryptocurrency exchanges, Crypto.com is decently secure and trustworthy.

Does crypto affect your credit scores? Not directly, no. None of your bank accounts, savings or investments are recorded on your credit history. They aren't considered credit so they don't show up on your credit report and aren't visible to lenders when they do a check on you.

Bitcoin ATMs are a way to get immediate access to cash using your bitcoins. Bitcoin ATMs do not operate like traditional ATMs. In order to make a cash withdrawal and sell your Bitcoin from the ATM, the machine provides a QR code to which you send your Bitcoin. You simply wait a couple of minutes and receive your cash.

How Do I Get a Bitcoin Debit Card? Bitcoin debit cards are typically issued by cryptocurrency exchanges and usually require individuals to create an account and/or digital wallet in order to apply for a card. Some also require users to validate their identity using the Know Your Customer (KYC) verification process.

You can buy Bitcoin in the Bitcoin.com Wallet app in a few taps. Pay with credit card, bank transfer, or payment app and receive Bitcoin directly in your self-custody wallet.