How do Crypto Cards work?
27 Nov 2023 by Harry Newman 3 min read
How do Crypto Cards work?

Crypto cards mark a significant development in finance, bridging the gap between digital assets and everyday transactions.

Most crypto cards are backed by Visa, allowing them to be used with any merchant that accepts Visa cards.

Different Crypto Cards

Many different crypto cards are on offer and more are being introduced constantly. Demonstrating the popularity of cryptocurrencies. 

The choice of which crypto card to use is ultimately up to you, each one offers different benefits depending on what card you choose.

Coinbase Card 

Coinbase card is a Visa-based debit card that allows you to purchase items anywhere Visa is accepted. 

You can choose which crypto to spend by swapping between wallets on the account, loading up the card can be done via crypto or from an existing fiat bank account.

There are no annual fees to use the card and there are extensive security measures in place such as an instant card freezer and two-factor authentication.

Coinbase offers up to 4% cash back on purchases.

The card is available in much of Europe and the USA.

More information can be found here.

Binance Card

Binance offer a Visa prepaid card which you can load with any cryptocurrency, this requires moving funds into the funding wallet.

Binance offers users up to 8% cash back on eligible purchases, and no fees are taken when using the card.

Binance states you can use your crypto assets to spend and transact at more than 60 million locations around the world, where Visa is accepted.

Binance card has the benefits of utilising the Binance exchange and other products Binance offer.

More information can be found here Card is a Visa prepaid debit card, linked to a user's bank account. You cannot top up your balance with crypto or sell into crypto from the card-only fiat. offers a range of different cards depending on the amount of CRO you stake. 

The more CRO you stake, the higher rewards you earn. offers 5 different tiers, ranging from the free version with no reward and no CRO lock-up, up to 5% cashback by staking up to £350,000 worth of CRO.

If you do not use your card for an extended period, will charge you an inactivity fee.

More information can be found here

Gemini Card

Gemini offers a crypto card with up to 3% cash back, which can be paid in Bitcoin or other cryptocurrencies.

There are no fees for using the card.

Currently, the Gemini crypto card is only available in the U.S.A.

More information can be found here

Wirex Card

Wirex can be seen as more of a crypto travel card.

The benefit of Wirex is that they will convert your crypto in your account into the local fiat currency at the point of sale.

Wirex offers up to 8% cashback on all spending and zero exchange fees when converting to local currency.

More information can be found here

Nexo Card

The Nexo card can be used as a credit and debit card. Users have the option to toggle between credit and debit mode at any time.

There are no repayments or fees for being inactive.

Much like the other crypto cards, the Nexo card is compatible with all merchants that accept Visa.

More information can be found here

eToro Card

The eToro card is directly linked to your eToro money account. 

The card can be used like any other debit card and has no fees for using it.

EToro offers some of the best exchange rates on the market.

More information can be found here.

Final Thoughts 

Despite there being many different choices of crypto cards, the right one ultimately depends on personal preference.

Cryptocurrencies are becoming more widely accepted, and making sure you have the right crypto card is important. 

Not all crypto cards require staking to unlock special benefits, most offer cashback on purchases in the form of crypto. 

As crypto adoption increases there will no doubt be a large increase in the different crypto cards that will be available. 

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Check Out Our Top 10 Crypto Currencies of 2023

This article is intended for educational purposes and is not financial advice.