Bitcoin is now more than 10 years old.
Though the number of merchants accepting bitcoins is increasing steadily, it is a little difficult for a normal user to quickly spend BTC on goods and services.
If you find a merchant that accepts bitcoins directly, then all is well and good.
If not, then you have to sell your BTCs yourself on an exchange, withdraw the fiat currency back to your bank account, and then spend it.
But with the advent of Bitcoin debit cards, a few of these steps have been eliminated. The card companies do the exchanging part, and you just spend your BTCs freely.
Here are the best Bitcoin debit cards to use in 2020:
- Crypto.com cards
- Wirex Debit card (5% Cashback)
- Cryptopay debit card
- Nexo Card (About to launch)
- Coinbase Bitcoin debit card
- Bitpay debit card
That’s why today we are going to discuss such Bitcoin debit cards services which allow you to spend your bitcoins easily, even if a merchant doesn’t accept bitcoins.
Best Bitcoin Debit card: One with value for money
1. Crypto.com MCO Visa card (Metal visa card)
MCO Visa card by Crypto.com is perhaps one after sought card by almost all crypto users. MCO Visa cards are metal cards and come in different variants.
The MCO Visa card is available in U.S.A., Singapore, and a few other countries. They also have an altcoin called MCO that you can use along with your card to enjoy the benefits such as:
- Free Netflix account
- Free Spotify subscription
- More cashback on each spent
- Cashback on Airbnb and Expedia bookings
The features of this card are designed for modern users like you and me and let’s have a look at some of the features of MCO Visa cards.
The steel card adds elegance to this popular Bitcoin debit card.
Wirex, which was previously known as E-coin issues, is a popular Bitcoin debit card. It is available in both virtual and physical forms and is delivered free of cost to you for now. [Limited time offer]
Wirex Bitcoin Debit Card Supported Currency USD, EUR, GBP Has An App Yes Anonymous No Physical Card Yes Virtual Card Yes Card Type VISA
Plus it provides 0.5% crypto cashback whenever you do in-store purchases. Also, it’s a debit card. Not pre-paid debit card. You also get an account number and sort code (just like a traditional bank) so you spend the money in your account with the card. Note: The GBP card is a Visa Debit Card and the EUR or USD cards are prepaid cards and service is available only for Europe and UK users.
You are also free to use the Wirex app/wallet to send, receive, and control money worldwide.
Note, that all standard fees are applicable to Wirex Bitcoin debit cards, and registration is not anonymous.
Cryptopay was founded in October of 2013, and it is a wallet and payment platform where merchants and consumers can transact with each other.
|Cryptopay Bitcoin Debit Card|
|Supported Currency||USD, EUR, GBP|
|Has An App||Yes|
Cryptopay issues Bitcoin debit cards which are a low commission. They are delivered worldwide free of cost within 3-10 days. They are issued in both physical and virtual card forms.
No ID verification is required to order your Cryptopay Bitcoin debit card, but it is not anonymous, as your name and email ID are required for registration.
It is accepted anywhere Visa debit cards are accepted.
Plastic Card Fees:
Virtual Card Fees:
4. Crypterium (Also support Brazil, India and more)
Note: This card is not available at this moment. I will update this guide when they resume Bitcoin debit card services.
If you are from a country where no one serves Bitcoin debit cards, you might be in luck with Crypterium pre-paid debit card. We have a lot of CoinSutra users from India, Brazil, Nigeria and a few other similar countries who are able to get hold of Bitcoin debit card using Crypterium service. Crypterium debit card is powered by Union pay (UnionPay prepaid card) which is one of the popular banking services in Southeast Asia. Read Complete Crypterium review.
Using the UnionPay prepaid card, you can buy products online and offline. You can also withdraw funds from ATM around the globe using Crypterium card.
Few things to know:
- You can order the card from Crypterium mobile app
- Right now, only one card is available which cost about $9 + delivery charges.
- Delivery is managed by DHL (If you opt for paid one)
- After placing the order, it can take 2-3 weeks for the card to be dispatched.
5. Nexo Card
Nexo is one of the unique services in this list that physical card and also offers free Virtual cards for safe online purchase. Nexo wallet ( custodial wallet) offers zero transaction fees and you can easily use your existing funds to use with your card. There is no monthly/annual fees, no FX fees.
Features of Next card:
- Freeze and Unfreeze your card with a single tap.
- Create free virtual cards for online purchases
- Cashback on all purchases
- Payment in local currencies
- View your Pin and change it at any ATM
Uquid is a multi-cryptocurrency debit card issued by a UK-based company. It supports more than 40 cryptocurrencies (including Bitcoin).
You can top-up your debit card using popular currencies like Bitcoin, Ethereum, Ripple, Litecoin, Monero, Dash, Augur, MaidSafeCoin, Steem, and Dogecoin.
|Uquid Bitcoin Debit Card|
|Supported Currency||USD, EUR, GBP|
|Has An App||Yes|
Your card is shipped free to 178 + countries with no extra fees. It reaches to you within 2-3 working days, which is faster than its peers.
The card is available in both virtual and physical forms and provides you with the highest Bitcoin market price while converting your BTCs into GBP, EUR, or USD.
Which Bitcoin Debit Card To Choose?
Nowadays, many financial startups are coming up with more and more crypto debit cards.
So how do you decide the best for you among so many available options?
In my opinion, you should look out for the following things before choosing your Bitcoin debit card:
- Do they serve in your country?
- Is the fee structure reasonable?
- Is it a VISA/MasterCard?
- Are their software wallets free of bugs?
- Are there additional fees?
- Is the startup well-funded?
- What’s the company’s background?
MCO visa card seems to be the top Bitcoin debit card at this moment.
The others we’ve listed above are all highly reputable and will provide you with great Bitcoin debit card service. But it’s always advised to do your due diligence.
Is using Crypto debit card a taxable event?
Yes, when you use a crypto debit card, it is a taxable event. You need to keep a record of your transaction, and include it in your financials. You can use tools like Cointracker to automate this aspect of tax accounting.
Now we would like to hear your experience of using Bitcoin debit cards. Which card are you using? Which card do you recommend? Do let us know in the comments section below!
And if you found the post useful, do share it with your friends on Twitter & Facebook!
For further reading:
- Wirex Deal: 25% off on Physical Bitcoin Debit Card
- Popular Websites To Buy Bitcoins Instantly Using Debit/Credit Card
- How To Instantly Buy Ethereum With A Credit/Debit Card
- CEX.io Review: Is This Platform Safe To Buy Bitcoin & Ether?
Harsh Agrawal is the Crypto exchanges and bots experts for CoinSutra. He founded CoinSutra in 2016, and one of the industry’s most regarded professional blogger in fintech space.
An award-winning blogger with a track record of 10+ years. He has a background in both finance and technology and holds professional qualifications in Information technology.
An international speaker and author who loves blockchain and crypto world.
After discovering about decentralized finance and with his background of Information technology, he made his mission to help others learn and get started with it via CoinSutra.
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- Best Bitcoin Debit card: One with value for money
- 1. Crypto.com MCO Visa card (Metal visa card)
- 2. Wirex Bitcoin Debit Card
- 3. Cryptopay Bitcoin Debit Card
- 4. Crypterium (Also support Brazil, India and more)
- 5. Nexo Card
- 6. Uquid Bitcoin Debit Card
- Which Bitcoin Debit Card To Choose?
- Is using Crypto debit card a taxable event?
- Which Crypto debit card works for India?