Crypto com Visa Card Earn Crypto & More!

The first of the premium tiers of the Crpyto.com Visa Card, Frosted Rose Gold requires a significantly larger CRO stake than all the previous tiers combined. To reach Frosted Rose Gold & Icy White tier, Crypto.com members must have a minimum of $40,000 in CRO stake. For this stake, however, they earn an impressive 5% cash back in crypto rewards. You’ll also earn an extra $10 in bitcoin for every friend you successfully refer. Use your BlockFi credit card wherever Visa is accepted, either online or in-person.

If you’re looking for other crypto debit card alternatives, don’t forget to check out hi Debit Card, which will be released soon. High-flying cryptocurrency enthusiasts looking strictly for a way to easily access their digital assets for spending could find the Crypto.com Rewards Visa to be a rewarding option. The card, depending on the tier, is full of benefits and value, although sometimes at a very high staking requirement. This may or may not make the card worth it to you—due to the opportunity costs of keeping your crypto money tied up in the program. Since the Crypto.com Rewards Visa is a prepaid debit card and not a credit card, you may want to pick up a traditional credit card as well. Doing so can help you qualify for cardholder benefits you typically only get with credit cards, as well as zero fraud protection for unauthorized purchases.

Current welcome offer

The highest card, Obsidian, for example, offers up to 5% CRO back on most purchases. Crypto.com offers a few distinct services that no other Canadian exchange can match. Users can trade options and futures contracts, get interest on their crypto by staking their tokens, and engage in trades with up to 10x leverage if they are confident in a coin. The Crypto.com Midnight Blue Visa Card is the entry-level card in the Crypto.com Visa Card lineup, and it doesn’t have an annual fee or any staking requirements. The Obsidian tier also provides all the perks of the previous tiers plus a 10% benefit with Airbnb.

But for most crypto users who do not have large amounts on their wallets, BlockFi cards offer better benefits. With the lowest staking requirements, you can get the lowest card tier card that comes with the least amount of rewards. On the other side, with higher staking requirements you get more and more benefits and rewards. Instead of waiting for several days for your cryptocurrencies to be available for spending, Crypto.com Rewards Visa Card allows you to have your digital assets available to you instantly. To upgrade your card to another tier, you’ll need to stake whatever additional CRO is required to cover the minimum staking requirement for the tier you want. To do this, you’ll need to go to your CRO Wallet in the Crypto.com App and tap on the ‘Stake’ button.

Best for User Experience: Embily Card

In general, you can expect the crypto rewards from these credit cards to fall between 1% to 3% — which is about average when compared to the cash back rewards offered by other types of cards. The difference here is that you aren’t earning cash back; you’re earning crypto. In addition to offering you the chance to buy, sell, and exchange hundreds of cryptocurrencies, Crypto.com has its own token, CRO. Staking CRO brings you a discount on trading fees, as well as the chance to earn rewards if you use Crypto.com’s Visa debit card.

We are testing different services snd solutions to give you an in-depth review in one place. We test them out, so you can decide if they are a suitable solution for you. When it comes to protecting its hot wallets, Crypto.com uses HSM and multi-signature keys, too. The funds kept in its hot wallets are corporate funds and constitute just a fraction of the company’s total holdings, which are sufficient for day-to-day withdrawal requests from customers. The Crypto.com Exchange is a dedicated crypto-to-crypto exchange that is aimed at more experienced traders. Accessible via the web platform, Crypto.com Exchange lets you trade Bitcoin , Tether USD , and Crypto.com Coin base pairs.

Does the Crypto.com Visa Card offer crypto rewards?

You can use your crypto credit card without incurring any monthly fees, annual fees or FX fees. Some crypto-backed cards will even waive these fees if you spend or maintain the minimum required amount within a specific period. It’s important to note that you don’t directly pay with bitcoin or any other cryptocurrency when buying goods or services.

• Due to regulatory restrictions, the BlockFi Rewards card isn’t available to residents of New York.
• Controlled encryption in transit with integrated Transport Layer Security across all services.
• In addition to rewards rates, there will also be a cap set on three tiers of cards.
• Your bonus earnings rate will vary from retailer to retailer but can amount to up to 10% cashback at a handful of merchants.

Crypto.com is a prominent cryptocurrency exchange that supports trading, investing, staking, NFTs, wallets, and more. Users can buy, sell, and trade more than 60 different virtual currencies and enjoy relatively low trading fees. Apart from offering a decentralized exchange, an NFT marketplace, and a standalone crypto wallet, Crypto.com also offers a Visa prepaid debit card. It allows you to spend your tokens and in turn receive up to 1 to 8 percent back in crypto rewards. Even though this card encompasses a lot of features, should you use it?

What’s the difference between a crypto debit card and a crypto credit card?

For example, the current offer allows cardholders to 2% back in Bitcoin. The Coinbase debit card solves this dilemma by letting you spend more than 160 cryptos just like you would spend your cash. Well, almost the same way, since spending your crypto may create a taxable event. Coinbase suggests using USD, or a stablecoin such as USDT to USDC, to avoid setting off a trail of tax liability events when you use your card. At one point, you could only earn rewards in Bitcoin with BlockFi’s Visa credit card — but recent changes were made that introduced additional reward options.

• Once the 180 days are up, you can unstake the CRO tokens and move them out of your crypto wallet.
• They are not reflective of any card issuer or financial institution and have not been reviewed or approved by these entities unless otherwise noted.
• Prices vary for each card and start at $0 and increase to $400,000.
• Since the Crypto.com Rewards Visa is a prepaid debit card and not a credit card, you may want to pick up a traditional credit card as well.

As a result, the platform is one of a few crypto platforms that have not been hacked yet. The Syndicate – Crypto.com Exchange traders can access The Syndicate and buy top cryptos like BTC, DOT, and ZIL at up to 50% off. Crypto Earn – Deposit crypto and earn up to 8% (up to 14% for stablecoins), paid weekly in your deposited crypto. Take control of your financial future with information and inspiration on starting a business or side hustle, earning passive income, and investing for independence. Get all of our latest home-related stories—from mortgage rates to refinance tips—directly to your inbox once a week.

But users who qualify for the lounge access and monthly subscription reimbursements won’t get as much value out of the Block Fi card and would be better staying with the Crypto.com card. The Crypto.com Rewards Visa rewards cardholders for purchases made following Merchant Category Codes outlined on their website. It earns rewards–not as cryptocurrency dogecoin exchange binance fees cash back or points–but as CRO token based on the rewards tier you fall in at the time of purchase. One great benefit of this card is that rewards are reflected in your Crypto.com Wallet instantly following transactions. But if you do not actively participate in the staking program, only the two top tiers earn rewards on purchases.

Crypto.com Visa® Card

There are different types of credit scores and creditors use a variety of credit scores to make lending decisions. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. Note, when paying for petrol (aka ‘gas’ in USA), you need to use the pay counter option to get cashback. Staking means you give money to Crypto.com and forget about it, you can’t get it back before the staking period has expired. As far as rewards earnings go, the Coinbase Card is the superior product to the Crypto.com card. Information about fees can be found in the Crypto.com App and vary by product tier.

Performance information may have changed since the time of publication. 19 September 2022 Prosper Credit Card 2022 Review Prospering with how to buy large amounts of bitcoin and cryptocurrency the seems unlikely. Though the issuer waives the card’s annual fee in the first year with autopay and the card doesn’t charge cash…

What Is Crypto.com?

One earns crypto on every purchase and one lets you turn your rewards points into cryptocurrency. While they often look similar or have the same branding, crypto credit cards and crypto debit cards differ in funding sources. With a debit card or prepaid card, however, you’re using your own money or crypto to make purchases. It’s important to note that you’re not spending your crypto or cash from your trading account when you use a crypto credit card.

The best Bitcoin debit cards charge few fees and include perks like cash back rewards and mobile apps. They should also support multiple types of cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin. Bitcoin debit cards how to easily trade your cryptocurrency in 2021 should come with robust security features to help protect your funds. If you decide to load fiat money, you can do so with funds you’ve already deposited to your Crypto.com account or by paying with a debit or credit card.

Ruby members also receive a 100% staking benefit for Spotify Premium subscriptions. So, be sure to consider your needs carefully before applying for new credit. Some cards offer freebies, such as free membership to Netflix or Spotify. Free is a good price, but be sure the card actually meets your needs — and that the crypto rewards are going to be worth it — before opening a card just to get access to these types of benefits. If the card offers other goodies, consider them extras rather than the primary selling point.