Cryptocurrency debit cards are becoming increasingly popular in Europe as a convenient and flexible way for users to spend their digital assets in the real world. These debit cards work like traditional bank cards, allowing users to make purchases at merchants that accept Visa or Mastercard, but with the added benefit of being able to spend cryptocurrency directly.
One of the main advantages of using a cryptocurrency debit card in Europe is that it allows users to easily and quickly convert their digital assets into fiat currency. This can be particularly useful for those who want to make purchases at merchants that do not accept cryptocurrency or in countries where cryptocurrency adoption is not widespread. Additionally, many cryptocurrency debit cards offer competitive exchange rates and low fees, making them a cost-effective option for users.
Also, if you are a crypto holder or you’d like an easy way to earn more crypto, then crypto debit cards are probably the product you’re looking for, due to their cashback incentives and interest accounts.
In my opinion, these are currently the best crypto debit cards for European residents right now:
Let’s have a deeper look at each of these.
Nebeus
The Nebeus crypto debit card is a payment card that allows users to spend their cryptocurrencies at merchants worldwide. The card works just like a traditional debit card, allowing users to make purchases both online and in-store, as well as withdraw cash from ATMs. The Nebeus card supports a range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple, among others.
One of the key benefits of the Nebeus crypto debit card is its ease of use. Users can easily transfer their cryptocurrency to the card, which can then be used for everyday purchases. This can be particularly useful for users who want to use their cryptocurrency holdings to make purchases, but who may not want to go through the process of exchanging their cryptocurrency for fiat currency first.
In addition to its ease of use, the Nebeus crypto debit card also offers a range of security features, such as two-factor authentication and encryption, to help keep users’ funds and personal information safe. The card is issued by Mastercard, which means it can be used at millions of merchants worldwide, and it also comes with a mobile app that allows users to manage their account and track their spending in real-time. Overall, the Nebeus crypto debit card is a convenient and secure way for users to spend their cryptocurrency holdings, both online and in-store.
Binance
The Binance Card is a debit card that allows users to directly spend their cryptocurrency holdings at merchants that accept Visa. It is one of the few cryptocurrency debit cards that provides a direct connection to the user’s Binance account, one of the world’s largest and most popular cryptocurrency exchanges.
One of the key benefits of the Binance Card is that it supports multiple cryptocurrencies, including Bitcoin, Ethereum, and Binance Coin, providing users with a range of options for spending their digital assets. Additionally, the Binance Card offers competitive cashback rewards for its users, with up to 8% cashback on every purchase. The amount of cashback depends on the user’s level of card and the amount of Binance Coin they hold.
The Binance Card also provides a high level of security, with features such as two-factor authentication, real-time transaction monitoring, and the ability to freeze the card instantly in case of theft or loss. It is also available in various regions, including Europe and the United States, and it supports instant transactions, making it easy for users to track their spending and transaction history.
To use the Binance Card, users must apply for the card and have a verified Binance account. Once approved, they can load their card with cryptocurrency and begin using it at any merchant that accepts Visa. The Binance Card app makes it easy for users to manage their card, monitor their spending, and track their cashback rewards.
There isn’t really much to say about Binance, it’s one of the world’s most popular exchanges. Having a card linked to your favorite crypto exchange is super handy, and many just don’t bother with other services beyond the Binance card. It’s convenient and reliable, and works in Europe.
You also earn up to 8% BNB Cashback everytime you spend, so if you already use Binance as an exchange, it’s a no-brainer to use their card too.
Crypto.com Debit Card
The Crypto.com Card is a cryptocurrency debit card that allows users to spend their cryptocurrency holdings directly at merchants that accept Visa. It was launched in 2018 by Crypto.com, a cryptocurrency platform that offers a range of services including a mobile wallet, trading, and staking. The card is available in several regions, including Europe and the United States, and is tied to the user’s Crypto.com account.
One of the key features of the Crypto.com Card is its cashback rewards program. Users can earn up to 8% cashback on their purchases, depending on the level of card they hold and the amount of CRO (Crypto.com’s native cryptocurrency) they stake. The card also supports multiple cryptocurrencies, including Bitcoin, Ethereum, and others, which gives users a range of options for spending their digital assets.
To use the Crypto.com Card, users must first apply for the card and have a verified Crypto.com account. Once approved, users can load their card with cryptocurrency and begin using it at any merchant that accepts Visa. Transactions are processed in real-time, and users can monitor their spending and track their transaction history through the Crypto.com app.
Crypto.com is a multi-functional cryptocurrency platform that offers a variety of services. At the forefront of this is its cryptocurrency exchange – which allows you to trade crypto pairs at the click of a button.
Read my in-depth review of Crypto.com to learn more about this exchange and debit card solution.
Additionally, the Crypto.com platform also allows you to buy cryptocurrencies in the traditional sense – with the provider noting that you can do this at ‘true cost’ with ‘no fees’ or ‘markups’.
Outside of its core exchange services, Crypto.com also offers crypto-backed loans, debit cards, interest-earning opportunities and a gateway for merchants to accept digital currencies.
SpectroCoin
The SpectroCoin Card is a prepaid debit card that enables users to spend their cryptocurrency holdings directly at merchants that accept Visa. It was launched in 2015 by SpectroCoin, a cryptocurrency platform that offers a wide range of services including a mobile wallet, exchange, and merchant solutions. The card is available globally, and it is connected to the user’s SpectroCoin account.
One of the most significant advantages of the SpectroCoin Card is that it offers lower fees compared to other cryptocurrency debit cards. SpectroCoin only charges a flat fee for card issuance, while other cryptocurrency debit cards typically charge annual fees, transaction fees, and foreign exchange fees. In addition, users can load their SpectroCoin Card with multiple cryptocurrencies, including Bitcoin, Ethereum, and Dash, which provides flexibility when it comes to spending digital assets.
Another noteworthy feature of the SpectroCoin Card is that it supports ATM withdrawals in multiple currencies. This means that users can withdraw cash in their local currency or any other currency that is available on the card, without having to convert their cryptocurrency into fiat currency first. This feature is particularly useful for frequent travelers and for those who live in areas where their local currency is not supported by most cryptocurrency debit cards.
To use the SpectroCoin Card, users need to apply for the card and have a verified SpectroCoin account. Once approved, they can load their card with cryptocurrency and begin using it to make purchases at any merchant that accepts Visa. Transactions are processed in real-time, and users can track their spending and transaction history through the SpectroCoin app.
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Which is your favorite crypto debit card? Other options that have been mentioned to me are Swapin, Moon.
Wirex is the best as it has no fees when you exchange crypto for fiat, the only downside I see is that it has ATM withdrawal fee, the rest works just great and bank transfers are practically instant. However, now, as I understand, since their payment provider is based in Malta, they require a whole lot papers to proof this and that.
Are you sure about blockfi card? On their website is written is available just for US residents
The BlockFi Rewards Credit Card is for US residents in qualified states (NY is excluded). Must have a BlockFi account to apply. The credit card is not available for business accounts at this time.
They are expanding outside the US soon, but yes at the moment only US.
Hey Jean,
Living in Barcelona as you seem to do. Does Blockfi card reward works as well over here ? As far as I searched, I didn’t find anything on this topic on their website.
Cheers!
Alexandre
I haven’t used it in Barcelona Alexandre but I don’t see any reason why it wouldn’t work.
Hi, thanks for sharing.
Why you did not mention the Monolith Credit Card, see https://monolith.xyz/
I am using it, since a year and I am very happy with the start up from UK and how they established the first decentralized card.
See my interview, here https://medium.com/monolith/in-conversation-bike4peaces-alexandros-talks-using-monolith-as-a-digital-nomad-e6e4d8f43b74
Best to you,
Alexandros