Best crypto debit cards in 2024

Crypto debit cards are all the rage, granting unprecedented ease of access to real-world goods and services for crypto users. With so much competition now in the space, it can be hard to make a decision. Let’s take a look at the best debit card for cryptocurrency in 2024.

top 5 crypto debit cards 2024 and how to choose

Before we get into the details of each card, let’s explore how to choose the best card for you.

Here are the main factors people tend to consider when choosing a crypto debit card:

• Supported cryptos
• Fees
• Rewards
• Jurisdiction and usability
• Regulatory compliance
• Other features

While many users are interested in crypto cards simply due to wanting to spend crypto rather than fiat on principle, the primary draw of such cards is in the potential to receive higher than average cashback or to access staking rewards.

It’s important to note the highest tiers of cashback on crypto cards are often reserved for multi-million dollar accounts staking massive sums in the platform’s native and volatile cryptocurrency. A realistic cashback amount to expect from a crypto card is anywhere from 0.1% to 2%.

The average fee for converting crypto to fiat and loading it on a crypto card is around 1.5% – 2%.

This crypto debit cards comparison will focus on rewards for users staking more modest sums. It will also take note of the reputation and level of regulatory compliance associated with each company.

1. Nexo

Nexo is our top pick on this list of crypto debit cards thanks offering a fairly robust ecosystem that allows users to take advantage of rewards and lending services.

Users can earn 0.5% to 2% cashback, paid in native NEXO tokens. The highest level of cashback requires that 10% of their portfolio consists of NEXO tokens.

Users can also open up lines of credit and earn high APY (over 10%) by lending USDT. It’s worth mentioning that this practice is complicated and requires careful management by the user. Card issuance and domestic transactions are typically free. Nexo is available in the EU only and is regulated within the EU. It supports 7 fiat currencies including EUR and over 40 cryptocurrencies.

2. Holyheld

Holyheld is a fairly straightforward crypto debit card service available in the EU only. Users can earn 0.5% to 1% cashback on transactions. The card supports a range of cryptocurrencies and fiat currencies, including EUR and USD, providing flexibility for global transactions.

The first 100 transactions each month are free, whether domestic or international, and after 100 transactions, Holyheld charges 2% + 1 EUR until the monthly cycle starts again. ATM withdrawals are likewise free up till a certain limit. Holyheld is regulated by the FCIS in Lithuania and compliant with EU law.

The card is accepted in the Mastercard network, and users can add it to their Apple Pay and Google Pay wallets.

3. Bybit

Bybit offers around 2% cashback to its users. While the company technically has a tier allowing for up to 10% cashback, users would need to stake millions worth of the platforms currency to access this level of rewards while assuming the risk of volatility on their stake.

The cashback system is also quite complicated, offering points that can be redeemed for bonuses, discounted fees, airdrops, NFTs, and more, meaning it’s not a straightforward case of receiving 2% on transactions.

While the cashback is not necessarily appealing, the card is accepted globally through the Mastercard network and does not charge maintenance fees. ATM withdrawals cost 2%, and crypto conversion through spending costs 0.9%. It supports 8 cryptos. Bybit is regulated, although French financial regulator AMF warned ByBit in February 2024 that its operations in France were not legally compliant.

4. Wirex

The card supports approximately 58 cryptocurrencies, including Bitcoin, Ethereum, Ripple, Tether, and USD Coin, as well as multiple fiat currencies like EUR and GBP.

Wirex is regulated by several authorities, including the FCA in the UK and the Bank of Lithuania, ensuring robust compliance and security measures. As a Mastercard issuance, it’s accepted worlwide. Wirex charges 1% on each card transaction.

Wirex offers 1% cashback to users who lock around $900 worth of WXT for 180 days. However, rewards are capped at around $120 monthly at the time of writing.

The 8% cashback advertised on the project website requires a stake of around $45,000 worth of WXT, and rewards are capped and restricted in various ways. The max transaction for a cashback reward is around $54, and requires subscription to the Elite tier within Wirex’ complex fee and subscription system.

Unlike Nexo, Holyheld, and Bybit, Wirex is available in the US.

5. Crypto.com

The Crypto.com card supports over 80 cryptocurrencies as well as fiat currencies such as EUR, USD, and GBP. The company charges 1% for top up and ATM withdrawal charges are free within $200 – $400 monthly depending on the tier of service, and 2% afterwards.

Staking requirements for tiers of cashback and other offerings range from $400 – $400,000 at the time of writing. As such, a realistic level of cashback to expect from the card is around 1%, although technically a 5% range exists. The card is issued by Visa and available in the US, the UK, and many countries in Africa, Asia, the Middle East, and the EU. Users can also avail of services like access to airport lounges at higher tiers of card service.

Due to the low transaction fee of 0.75%, the card is often considered to be one of the best crypto debit cards in the USA.

Other best crypto debit card services include Uphold in the UK and Grineo in Australia.

Frequently asked questions