Crypto cards are emerging: Here are some of the biggest players in the market –PrivacySwap.finance

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As cryptocurrency becomes part of the mainstream, crypto debit card are starting to emerge. Competitions for such features are getting much more stringent. This article will cover the most prominent crypto debit card players in the market today.

What are crypto debit cards and why do they exist?

A crypto debit card is an actual card that allows holders to use their crypto earnings in real-life transactions through card payment. More than that, these cards can store different cryptocurrencies you can manage on the designated apps or web pages. Since crypto debit cards are usable on ATM terminals, they are linked to payment processing networks such as Visa or Mastercards. Some card providers also offer rebates for every transaction done using the cards. In a nutshell, crypto debit cards are standard debit cards but crypto.

The existence of crypto cards answers the long withdrawal process concern known to exist in the crypto world. In addition, they serve as a way to safeguard tokens from the inevitable price dip. Crypto cards had always been one of the highly-anticipated features in blockchain technology due to their usability and benefits.

Now that the crypto developers were able to decode the concept of a crypto debit card, there are now numerous platforms that offer the same service. With that, here are some of the platforms that offer a crypto debit card.

Crypto.com

Crypto.com is indeed one of the popular crypto debit cards today. The Crypto.com card’s reward system is arguably its most valuable feature. Users can earn up to 8% cash back in cryptocurrency, as well as discounts on Netflix, Spotify, and Amazon Prime memberships. Furthermore, with the higher-tier debit card options, you can gain exclusive airport lounge access.

It should be noted that in order to receive the best rewards, you must stake Crypto.com’s native cryptocurrency, the CRO token. While there is a free option, you will not get as much cash back or rebates on specific products. Fortunately, the Crypto.com debit card comes in a variety of tiers, allowing you to select the card that best meets your needs.

Wirex

Users of the Wirex Debit Card can keep cryptocurrency in their accounts and only sell it when they spend it with a debit card. This is a great benefit for investors who want to keep their cryptocurrency for as long as possible. This way, you’ll be able to maintain as much exposure to the digital asset markets as possible; there’s no need to sell your crypto before making debit card purchases.

The Wirex Debit Card also offers substantial crypto-back rewards to users. By using the Wirex Card, you can earn up to 8% crypto-back on your purchases, which will accumulate in your cryptocurrency portfolio passively.

BlockFi

BlockFi allows you to earn up to 8.6% interest on your cryptocurrency holdings, borrow money, buy and sell cryptocurrency, and use other bank-like services. It’s similar to an all-in-one crypto bank.

BlockFi currently supports eight cryptocurrencies. The platform provides a number of advantages, in part because BlockFi accounts leverage the power of cryptocurrency and decentralized finance. Account holders on BlockFi do not pay hidden fees, are not required to maintain a minimum balance, and can withdraw funds instantly.

CoinBase

The Coinbase Visa debit card allows you to spend directly from your Coinbase account, eliminating the need to transfer funds to other bank accounts. Before making ATM withdrawals and purchases, your cryptocurrency is converted to US dollars. The Coinbase card also allows you to earn rewards for daily spending, with 1% back in BTC or 4% back in Stellar Lumens (XLM).

All of your spending and reward preferences can be managed directly through the Coinbase app.

Nexo

The Nexo debit card protects your digital assets with military-grade 256-bit encryption and 24-hour fraud monitoring to ensure the safety of your funds and transactions. You can order and manage your Nexo card from the Nexo Wallet app, which provides you with global access to your credit line.

Use the Nexo app to generate free virtual cards for safe online purchases, monitor your transactions in real-time, freeze and unfreeze your debit card, and receive notifications on all of your transactions.

These debit cards have their own selling points. For instance, Crypto.com is known to be the best card for spending rewards, Wirex is the best in crypto conversion, Nexo is the best when it comes to security, and Coinbase is the best for direct crypto spending. With all these, users will surely benefit from using these cards.

PrivacyCard

PrivacySwap also features its own debit card, PrivacyCard. The PrivacyCard also features direct crypto spending and by utilizing the designated website, crypto users can manage all their crypto holdings. Aside from that, PrivacySwap utilizes the security provided by DeFi’s Smart Contract. Hence, the platform ensures security and safety on PrivacyCard transactions. Rewards are also available once you use PrivacyCard. Its affiliate program allows users to gain passive rewards for every successful referral.

Like the other cards mentioned, PrivacyCards also follows a payment processing network. This is so the cards can be used on ATM terminals worldwide. When it comes to token support, the initial announcement is that the card will support BEP-20 tokens. However, with its recent announcement, ERC20-based tokens will also be integrated into the platform.

Moreover, PrivacyCard continuously works on upgrading the platform. One of its recent updates was the complete removal of staking requirements. This allows all users, especially long-term supporters, to buy their own debit cards without the need to stake a specific amount. Aside from allowing more people to come in, this can also significantly reduce the amount needed to have a debit card.

The platform will soon announce more updates regarding PrivacyCards and its other features. Henceforth, ensure to follow them on their socials below to get updated:

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