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Crypto Debit Cards function like regular debit cards; they act as a bridge between your everyday needs in the real world and your crypto assets. A crypto-debit card, in essence, connects your crypto wallet to activities in the regular, everyday business world. It is quite similar to the way you use your regular bank debit cards, making it possible for you to spend your cryptocurrencies as if you were spending cash. The crypto debit card can also be used to easily convert your traditional currencies (fiat) to crypto assets
We shall be considering some top crypto debit cards for the year 2023
Wirex:
Wirex is a debit card that supports the use of cryptocurrencies and fiat currencies. It charges no monthly fee but 1% for funding the wallet. Wirex supports about 50 different types of cryptocurrencies. The Wirex Visa Debit Card makes it possible for you to convert your traditional currencies to cryptocurrencies, which makes it possible for you to use the card at places where contactless payment is acceptable. Wirex is quite generous, providing customers with a number of cashback bonuses, one of which is the 12 percent savings bonus.
Getting started with Wirex is easy. All you need to do is register with them and verify your account. Then you will fund your account. The final step is to order your debit card.
These, however, are some of the downsides of using Wirex: Wirex is not available worldwide. Another thing is that you will need Wirex’s platform’s native token to get the best benefits.
Binance Debit Card:
The Binance Debit card is a favorite among European customers because of its low monthly fee and high cashback bonuses. The debit card was launched in 2020, and it supports 15 different types of cryptocurrencies. It charges 0.9% on ATM withdrawals. It charges no annual fee and no foreign exchange fee.
The downside of this debit card is that it is limited to Europeans. It is not available in any other place. Another demerit is that customers need to have a high amount of funds in their accounts to attain high levels of high-level cash back. This debit card is good for European customers. Those with a high volume of savings will enjoy the highest level of cashback.
Nexo Debit Card
Nexo is a platform that offers various services, ranging from crypto lending to exchange services. The Nexo platform mainly offers loan services but has grown to the extent of being able to offer other services on its platform. They offer loans to customers and accept cryptocurrencies as collaterals. They accept over 40 different types of crypto as collaterals. Their debit card is referred to as the Nexo debit card. This crypto debit card support 20 different types of cryptocurrencies. Nexo Debit Cards charge no fees on a monthly basis, on annual basis, or even for inactivity fees. However, the downside is that the debit card can only be used by customers that are on the Nexo platform or ecosystem.
Coinbase Debit Card
Like the Binance platform, Coinbase has also grown to become one of the biggest crypto companies in the world. The Coinbase Debit card also allows users to spend their tokens anywhere. Their debit card is Visa-based, and they have more than 40 million merchants around the world.
Getting started is easy with Coinbase, you just need to open an account with the company. You can also download the Coinbase app and register on the platform. The next thing to do is to fund your account with cryptocurrencies and then order your debit card. The debit card support about 230 different types of cryptocurrencies. The downside is that, to use this debit card, users from both ends need a Coinbase account.
The BlockCard Debit Card
This type of debit card is made by Ternio. Ternio is a technology company that offers debit card services. The company works in association with Apple, Samsung Pay, and Google. The debit card supports 14 different types of cryptocurrencies. What sets this debit type of service apart from the others is that saving on this platform gives you the opportunity for investment. Funds that are saved on the platform are converted to the native token, which is known as TERN. This TERN can be staked. And staking your TERN increases your cashback rewards. The downside of using this type of debit card is that you have to convert your digital assets to Ternio tokens. They also charge a $5 monthly fee.
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