Crypto.com regularly undergoes security audits and the company carries insurance designed to protect customer funds. You can use the Crypto.com network to pay merchants that offer Crypto.com Pay at checkout. You can also send cryptocurrencies to friends and buy gift cards, and you can get up to 10% back in CRO funded by the network. Still, we suggest you think twice before paying in crypto as its price swings may have you paying more than intended. Others require you to make an investment in their native token currency in order to get better benefits, with costs coming in at $400, $4,000, or higher.

Cryptoasset services are not regulated by the FCA and are not provided by PayrNet Limited or ForisGFS UK Limited. The value of cryptoassets can go down as well as up and returns are subject to Capital Gains Tax. Users are not eligible crypto exchange kraken launches mobile app across europe for Financial Services Compensation Scheme protection or recourse from the Financial Ombudsman Service . Finally, Obsidian cardholders who qualify for Crypto.com Private can become eligible for a private jet membership.

Crypto.com Visa® Card

Most families wouldn’t stake more in crypto than a premium credit card would charge, so we’ll base our assumptions on the Ruby Steel card. CRO rewards are earned on eligible purchases, and depending on which tier of card you hold, will earn a certain percent back. Following the transaction, CRO rewards are deposited to your account instantly. Afterward, select your preferred card tier and stake the respective CRO equivalent. Cardholders cannot load cryptocurrency onto their Crypto.com Visa Card. All cryptocurrency will be converted to the respective market’s currency and can be loaded onto the Crypto.com Visa Card for use in purchase and ATM withdrawals.

• Some also require users to validate their identity using the Know Your Customer verification process.
• Each level of card is determined by your staking limits–the more money you stake, the more bonuses and privileges you will receive.
• The only commitment our Crypto.com App users have to make is to own CRO tokens and stake them for 180 days.

Instead of exchanging Bitcoins into local currencies, cardholders preload their debit card with a set amount of cryptocurrency, which is then automatically converted at the time of purchase. The Crypto.com card has a variety of rewards depending on the tier of card you choose. The first card is free to get, however, you can stake some CRO to purchase different cards. You can compare the various rewards and staking requirements in the crypto.com card tiers table below. The cryptocurrency movement has taken the world by storm with an increasing number of people holding some type of digital currency.

Low to No Fees

CRO token values vary according to the crypto market and are in the $0.13 to $0.14 range as of August 2022. Essentially, users are giving the card issuer a loan with their cryptocurrencies and in return, crypto.com offers an array of benefits. Like other crypto debit and prepaid cards, rewards with the Crypto.com Visa Card are instant bitcoin and cryptocurrency wallets market research report 2027 and use real-time exchange rates. All card rewards are paid in CRO and deposited into the accountholder’s Crypto Wallet in the Crypto.com mobile app. From there, users can cash out their crypto (Bitcoin, Ethereum, Litecoin, Doge, or others, hold on to their rewards or use them to purchase Crypto.com exclusive NFTs or other things.

I personally have no objection to paying this as the cost is made back quickly in cashback and rewards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, can you trade cryptocurrencies using a forex or cfd platform or otherwise endorsed by our partners. Fee-free ATM withdrawals up to a certain amount each month, also tiered. For cardholders in Brazil, it means that you can expect your card to arrive within calendar days. For cardholders in Canada, it means that you can expect your card to arrive within 7-14 business days.

Earn with Dosh

Additionally, top-tier card owners can benefit from Private Jet Partnership, earning Bonus Rewards and getting an Exclusive Merchandise Welcome Pack. They support a wide range of crypto and fiat currencies, so it’s perfect for all crypto enthusiasts. CCSS – a series of strict security requirements for storing, accepting, and transacting cryptocurrencies. Controlled encryption in transit with integrated Transport Layer Security across all services. DeFi Swap is a relatively new DeFi exchange that can be easily connected to the Crypto.com DeFi Wallet. It lets you trade the hottest DeFi tokens in a non-custodial manner, meaning that you can swap coins privately and without compromising your private keys.

The Binance Visa Card charges no issuance or monthly fees and only charges up to a 0.9% transaction fee for transactions and ATM withdrawals. The card supports 12 cryptocurrencies, including Bitcoin and Ethereum. The Nuri Visa debit card also offers advanced 3D security features, allowing users to authenticate online payments using biometrics, a mobile code, or a security phrase.

A deeper look into the current card offer

The Crypto.com Visa Card is a prepaid debit card that earns crypto rewards on all eligible purchases. The most common credit card rewards are airline miles, hotel rewards, or cash back, which can help cut down on the cost of your travel or put some cash back into your pocket from your purchases. But what if you could earn 1%, 2%, or even 5% back in crypto with your card purchases instead? If you want to narrow down the options in this category, here are the five best crypto credit and debit cards. From a card’s perspective, the rewards rates on the Crypto.com Rewards Visa are not standout features. For no annual fee and no upfront costs, traditional credit cards may offer flat rates of up to 2 percent and even higher rates in bonus categories.

Affiliate partners cannot pay CaptainAltcoin to guarantee favorable review or higher ratings on the website. All content on CaptainAltcoin is provided solely for informational purposes. It is not an offer to buy or sell any security, product, service or investment.

Prepaid cards often charge these kinds of fees, so this is another area where credit cards have an edge. Most credit card issuers will ship you a new card free of charge when yours is lost, stolen, or you upgrade it. You can’t get into any debt or hurt your credit score with a prepaid card.

Card upgrade fees are waived for all cardholders globally from 23 October 2020 to 2 November 2020. Get up to $600 of cell phone protection against damage or theft when you pay your monthly cell phone bill with your eligible Wells Fargo card. You’ll find all the notable Crypto.com Card perks below, as well as the card tier you need for each benefit. In terms of regulation, Crypto.com are doing everything right, ensuring that they have all the required regulation in place before they offer financial services to customers in each country. Where there have been issues (e.g. with card issuing providers), they have quickly and professionally resolved the issue and have come out stronger. They are taking ownership of services instead of relying on 3rd parties and have gained strong partnerships with Visa and other companies.

Option Debit Card

But the lower tiers aren’t the best for earning rewards, especially with the monthly rewards caps, which we’ll touch on later. Each tier requires you to stake a certain amount of Cronos , which is the platform’s cryptocurrency, for 180 days. Staking means committing your CRO to the Crypto.com platform for that time period. All this gives the SoFi card far more flexibility than the Crypto.com card.

• You will receive all your rewards in CRO, which will be deposited to your Crypto Wallet after each eligible transaction.
• Michael Kurko has 18+ years of experience researching and writing about small businesses, wealth management, finance, and technology products and services.
• NextAdvisor may receive compensation for some links to products and services on this website.
• BitPay charges for the issuance of their card, have higher fees and fewer features than Crypto.com cards.
• We reached out to Crypto.com for comment and will update this review if the company responds.
• You need to choose a type of card and stake that amount when you apply for a Crypto.com Card.

For starters, this type of staking is custodial, which means the exchange holds your staked tokens. As such, insolvency or other events could put your staked assets at risk. They offer high-security standards to protect your crypto assets and all your personal information. A Visa card is a free and metal version for those who decide to stake CRO and enjoy the cashback rewards and other benefits that we will look at in the following paragraphs.