From buying a cup of coffee to earning crypto rewards, crypto credit and debit cards can help create a seamless transaction experience holding, earning and spending crypto, and might be the right choice for you. Here’s how they work.
Benedict George is a freelance writer for CoinDesk. He has worked as a reporter on European oil markets since 2019 at Argus Media and his work has appeared in BreakerMag, MoneyWeek and The Sunday Times. He does not hold any cryptocurrency.
Crypto debit cards function like traditional debit cards in that they take funds from the account immediately, so the account needs to be topped off using cryptocurrency linked to an individual exchange account or crypto account. Traditionally, users would have to convert their crypto through Both Visa and Mastercard offer crypto debit cards in partnership with well-known exchanges including:BitPay Debit Card, a prepaid card that allows users to add funds using bank account transfers, other credit or debit cards, or cryptocurrencytokens native to their platforms for a period of time in order to qualify for a card, while other cards, such as the Binance Visa Card, will provide cashback rewards depending on a user’s BNB monthly average balance.
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