Cryptocurrencies have many uses, one of which is for buying and selling. If you own cryptocurrencies, you may be wondering if there’s a way to spend them without having to sell them. The good news is, there’s a way to spend them.
You can simply transfer assets between wallets in exchange for products or services, but this can be a problem because most people would do anything to avoid managing a wallet. Therefore, there’s a need for a better and easier way.
One of the best ways to spend cryptocurrencies is through the use of debit and credit cards. Just like fiat bank accounts have debit and credit cards, your crypto wallet can have a debit or credit card linked to it.
This makes it possible for you to spend crypto the way you spend your fiat currencies with more convenience.
You’ll also not need to sell the assets in your wallet. Instead, you’ll just make a payment and the crypto assets are automatically converted to fiat which the merchant receives.
This makes the use of cards very popular and trustworthy, since they are issued by the payment giants Mastercard and Visa. The following are some of the best crypto cards you can use for payments around the world.
Binance Card
Binance needs no introduction in the crypto industry. It is the largest crypto exchange by trading volume, and also has one of the best crypto debit cards to use. You can spend your crypto with the card anywhere Visa cards are accepted.
You can apply for a physical or virtual card if you’re in an eligible location, and the card will be linked to your Binance wallet. You can spend at least 12 crypto assets with this card, including BUSD, USDT, BTC, ETH, SOL, MATIC.
You’ll enjoy cash back rewards of up to 8% with the card, depending on your monthly average balance.
Bybit Card
Bybit is a top crypto derivatives trading platform that offers many services, including a debit card for spending your crypto assets. The Bybit card is a zero-fee card you can use anywhere Mastercard is accepted.
It supports BTC, ETH, XRP, USDT, and USDC as well as EUR and USD. there are no annual or maintenance fees, and the card is secured by the highest security measures. There’s no mention of cash back rewards though.
Uphold
Uphold is a versatile trading platform that allows users to trade crypto and other assets such as precious stones and commodities. The platform makes a Mastercard debit card available to its users to spend their cryptocurrencies seamlessly, both physically and virtually.
There are no annual or activation fees, and you’ll get 4% cash back on all purchases you make using the card. Uphold also enables you to track your spending so that you know exactly what you are doing every time.
Crypto.com
Crypto.com’s card is one of the best crypto cards out there. With a cash back reward of up to 8%, it is also one of the most rewarding to use. You can use it to spend over 100 cryptocurrencies worldwide wherever Visa cards are accepted.
You can also load it up with fiat currencies like EUR and USD in addition to crypto. The amount of reward you get however depends on the amount of CRO tokens you hold in the wallet per time. You won’t have to pay any monthly or annual fees once you get the card.
Wirex Card
Wirex is a crypto investment and trading platform. The platform recently introduced its debit card issued by Visa to allow users to spend their crypto on the go. Like the others, it operates with both fiat and at no cost.
Users can earn up to 8% cash back on transactions with the card, which supports 36 cryptocurrencies and over 150 national currencies. Rewards are paid in WXT, the platform’s native crypto asset which can be converted to other cryptocurrencies.
