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Everything You Need To Know About Crypto Cards

02 March 2023 09:56, UTC

Cryptocurrency credit cards are becoming increasingly popular, with many top cryptos offering them, including Bitcoin and Ethereum. Here we will discuss what crypto cards are and how they can make crypto more accessible. 

What are Crypto Cards?

Bitcoin, which was created back in 2009, is the first and most famous cryptocurrency, and like all cryptocurrencies is decentralized. Although they have grown exponentially, Bitcoin and other crypto has experienced significant price fluctuations over the years and fell into what has been dubbed the crypto winter in 2022. However, there is still optimism about the long-term outlook for the crypto market, with a lot of growth potential, with plenty of interest in digital currencies and blockchain technology.

Crypto cards are a revolutionary type of card that uses cryptography to secure transactions and protect user data. They are physical cards that work like debit cards and allow you to spend your cryptocurrencies like regular money. Although crypto cards are similar to traditional cards, they are considered highly secure and easier to use. 

Innovative financial technology, such as virtual cards, has led to changes in the way we use money and crypto cards as predicted to have a similar effect. One of the most appealing aspects of virtual cards is the ability to create custom cards, for example, one-time virtual cards for making purchases in a foreign country or when you want to set a specific spending limit. According to Juniper Research, the value of virtual card payments is anticipated to reach an impressive $6.8 trillion. 

Virtual cards allow users to spend money without needing physical cash to purchase goods and services online or in physical stores. Additionally, virtual cards can help you stay organized and conveniently track your spending, thereby avoiding potential financial problems.

Benefits of using Crypto Cards

As with virtual cards that many of us already use, crypto cards come with notable benefits, including: 

Universal: Crypto cards are becoming popular worldwide, allowing users to purchase abroad without worrying about currency exchange rates.

Secure: Crypto cards are also being developed to be far more secure, using security measures like biometric authentication and blockchain technology. 

Convenient: Crypto cards also allow you to buy goods and services or to withdraw money from your bank account, and they are a great way to get your hands on some cryptocurrency quickly. 

Some of the top-rated and most popular crypto credit cards.

  • BlockFi Rewards Visa 
  • Upgrade Bitcoin Rewards Card
  • Venmo Credit Card
  • Crypto.com Card

Crypto cards work much the same as regular credit cards. You can earn rewards from the top cryptos, including Bitcoin, Ethereum and Dogecoin, as BlockFi enables you to convert the points into the cryptocurrency of your choice.

Some crypto cards are just hitting the market and often offer the opportunity to join a waiting list, but you can apply for Crypto.com or Coinbase Visa Debit Card. It is important to also keep in mind that crypto cards also require a minimum balance, and come with fees and interest, so always check the terms and conditions of your crypto card of choice. 

Image source: Pixabay