Cryptocurrency debit cards (or prepaid credit cards) have already flooded the market. And big exchanges have already captured this movement and released their versions of these cards. The main advantage of having a card tied to an exchange is the ease of trading funds for cryptocurrencies natively and trading against other crypto pairs. Also, most of the time, it is not necessary to pay fees, and there are partnerships with large technology companies to have discounts on the payment of products and services. Check out some debit cards offered by large exchanges.
Crypto.com have cards with several benefits
Exchange Crypto.com offers five debit card versions of the Visa flag, with benefits that increase as you lock more CRO tokens on the platform. The cards range from the free version – no need to lock tokens – to the black version, which requires the stake of 1 million CRO, the equivalent of R$ 524 thousand when this report was written.
In return, the card gives the right to 100% streaming subscriptions on Spotify, Netflix, and Prime, pays interest, rewards with each spend, and offers other premium benefits such as airport lounges and private jets with special conditions. The bad news is that the card is not available to Brazilian users.
BTSE has Elite program that includes debit card
The BTSE exchange offers a Mastercard debit card that allows cashouts of up to 2,000 euros per day at ATMs worldwide, limiting 100,000 euros per month of spending and cashback. To obtain the card, you must sign one of the three plans made available by the exchange, with monthly amounts ranging from US$ 9.90 to US$ 14.99.
BTSE has dozens of future pairs and spot trading. The purchase of cryptocurrencies can be done both with transfers via Swift and Sepa. The platform is accessible to Brazilians through BRZ. In this way, Brazilians can make national bank transfers directly to the platform to start operating.
Binance offers debit card with cashback
Binance, one of the largest exchanges on the planet, offers a Visa debit card. The card allows you to convert and spend cryptocurrencies only at the time of payment in millions of commercial premises worldwide. The device does not charge fees, gives up to 8% cashback on purchases, and is guaranteed by Binance SAFU funds. Binance is known as one of the best exchanges for trading altcoins.
How crypto debit cards work
Crypto debit cards work just like any other card of the same type. In Brazil, they are known as prepaid credit cards. It is necessary to recharge them with funds, in other words, cryptocurrencies. When purchasing the funds, they are converted into dollars or other local currency and can be spent. They also allow banks’ drafts, but in some cases, they charge fees.