Crypto cards let you top up with cryptocurrency and spend in fiat, in-store or online. This guide explains what crypto cards are, how they work and how to choose the right one for your needs.
A crypto card is much like a regular bank card, but instead of only using traditional money, you top it up with cryptocurrency, turn it into fiat, and use it for everyday spending. These cards are typically issued in partnership with major payment networks like Visa or Mastercard, which means you can use them almost anywhere in the world.
With some crypto cards, the cryptocurrency in your linked account is automatically converted into local currency at the moment of the transaction. This happens instantly, so from the merchant’s point of view, it looks just like a regular card payment. However, some cards require that you do the conversion beforehand.
Learn how to buy cryptocurrency
You can use a crypto card for everyday expenses such as coffee, groceries, travel bookings or online subscriptions.
Many crypto cards also support multiple cryptocurrencies for top-up. Some providers even allow you to switch between spending crypto or fiat currency from the same account, giving you more flexibility.
Another useful feature is that some crypto cards offer cashback-style rewards, but in cryptocurrency instead of cash or points. For example, a purchase at a retailer might earn you a small amount of CRO or another supported coin.
Crypto cards come in two main types: prepaid and credit.
Crypto prepaid cards work like any other prepaid cards; you choose which cryptocurrency to sell and the fiat proceeds are loaded onto your card for spending. They’re similar to topping up a gift card – you can only use what you’ve already added, which makes it easier to control spending.
Crypto prepaid cards often support multiple cryptocurrencies, letting you choose which one to use at top-up stage. They don’t involve borrowing and are easier to qualify for, but generally come with fewer perks. These cards may suit someone who already holds crypto and wants a straightforward, low-risk way to spend it.
Crypto credit cards let you spend on credit up to a set limit, then repay later, typically in fiat currency. Instead of earning traditional points or cash back, many offer rewards in cryptocurrency.
Using this type of card can be a way to accumulate crypto gradually through everyday purchases. However, they typically require a credit check and may have stricter eligibility requirements, with availability limited to certain regions. A crypto credit card may be better for those comfortable using credit who want to earn crypto rewards without buying coins directly.
The bottom line: prepaid cards are about spending funds you already hold, while credit cards unlock stronger rewards, extra perks and the ability to earn crypto from everyday purchases. |
Crypto credit cards | Crypto prepaid cards | |
Spending model | Credit line, repay later in fiat | Prepaid with crypto, converted to fiat before spending or at purchase |
Funding | Issuer’s credit | Your crypto balance |
Rewards | Often in crypto instead of points | Sometimes in crypto |
Crypto support | Usually one reward coin | Multiple coins |
Eligibility | Credit check required | ID check only |
Availability | Region-limited | Broad global reach |
Use case | Earn crypto from purchases | Easy way to spend held crypto |
Best for | Building crypto via rewards | Low-risk spending |
Here’s the simple process:
Crypto.com offers both a Visa Credit Card and a prepaid Visa Card, each designed to make spending crypto as seamless as using cash. The credit card lets you spend on a revolving credit line and earn CRO rewards, with boosted rates for the first 12 months depending on your Level Up tier. It also offers perks such as purchase protections, travel benefits and access to exclusive events. With a prepaid card, cryptocurrency is converted into fiat before being loaded for spending. It offers tiered CRO rewards on everyday and travel purchases, along with perks like subscription rebates, airport lounge access and higher ATM withdrawal limits. With both cards, your CRO stake or lockup determines your Level Up tier program, which unlocks greater rewards and lifestyle benefits directly through the Crypto.com App. |
A crypto card can be useful for people who already hold cryptocurrency and want a simple way to use it for everyday spending. It may also appeal to those who like the idea of earning rewards in cryptocurrency instead of traditional points or miles.
On the other hand, someone who rarely uses crypto or prefers to hold it purely as a long-term investment might not see much benefit in having a crypto card. For these users, the potential rewards or convenience features may not outweigh the effort of setting one up.
Read more about picking the right rewards card and the best crypto prepaid cards in the US.
Note: This information is for general educational purposes only and shouldn’t be taken as financial advice. Always do your own research and consider your personal circumstances before making any decisions about financial products.
What’s the difference between a crypto prepaid and credit card?
A prepaid card is topped up with crypto or fiat and can only spend what’s loaded. A credit card lets you borrow up to a set limit and earn rewards in cryptocurrency. Crypto.com focuses on credit cards, which deliver stronger perks and rewards.
How do crypto card transactions work?
When you make a purchase, some cards convert your crypto to local currency instantly and the merchant receives payment in that currency. Others require that you convert your crypto to fiat first (i.e., before spending).
Which crypto card should I get?
It depends on your location, spending habits and whether you prefer prepaid or credit. The Crypto.com Visa Credit Card is a popular option with competitive rewards.
How do I apply for a crypto card?
Sign up with a provider, complete identity verification, and fund your account. You may receive a virtual card immediately.
Are crypto cards safe to use?
Yes, if issued by reputable providers. They include standard card security features such as encryption and fraud monitoring.
Are crypto card rewards taxable?
In many regions, yes. Check your local tax laws or consult a tax professional.
Is a crypto card worth it?
If you spend crypto regularly or want to earn rewards in cryptocurrency, it can be. If you mainly hold crypto as an investment, you might not benefit as much.
Important information: This is informational content sponsored by Crypto.com and should not be considered as an investment recommendation or advice. Staking rewards, fee reduction, and other benefits referenced in this article may be subject to eligibility requirements, token holdings, and may change at the discretion of Crypto.com. The Crypto.com Visa Card is subject to credit approval.
