Crypto Debit Cards: What They Are and How They Work

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What Is a Crypto Debit Card?
How Crypto Debit Cards Work
Crypto Debit Cards as the Future of Debit Cards
Types of Crypto Debit Cards
Anonymous Crypto Debit Card
Prepaid Crypto Debit Card
Crypto Exchange Debit Card
Pros and Cons of Crypto Debit Cards
Pros of Crypto Debit Cards
Crypto debit cards allow you to spend your cryptocurrency just like you would fiat currency, such as U.S. dollars. A crypto debit card can offer reduced or waived foreign conversion fees when used outside of the U.S. Most cryptocurrency debit cards also offer multi-currency support, allowing you to diversify your spending over multiple types of coins. Unlike most debit cards, crypto debit cards can offer rewards for your spending in the form of additional crypto. Some crypto debit cards will waive ATM withdrawal fees.
Cons of Crypto Debit Cards
Using a crypto debit card is a taxable event. There can be some geographical restrictions to their use. You must have the funds available in your crypto wallet to use your card, as crypto debit cards aren’t credit cards. Fees could apply, such as ATM and monthly fees and an exchange fee for converting crypto to dollars. Accessing some of the best rewards may require you to stake coins.
Considerations for Crypto Debit Cards
Service
Taxes
Supported Cryptocurrencies
Fees and Exchange Rates
How to Get a Crypto Debit Card
Alternatives to Crypto Debit Cards
Personal Loans
Cash
Credit Cards
The Takeaway
Frequently Asked Questions
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About the Author
Jason Steele has been writing about credit cards and award travel since 2008. One of the nation's leading experts in this field, he has contributed to dozens of personal finance and travel outlets and has been widely quoted in the mainstream media.
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