In this article, we will be talking about crypto debit cards, including the list of the top crypto debit card UK. Keep on reading to find out more.
What is a Crypto Debit Card?
A Bitcoin or cryptocurrency debit card enables users to purchase both online and offline while paying with their crypto assets. The asset’s market price at the moment of purchase is utilised to convert it to fiat, which is subsequently used to complete the transaction. It is a tiresome process if you want to spend your cryptocurrency. Why are we saying so?
Well, in that case, you should look at the steps you would have to go through for normally spending your cryptocurrency. The steps look something like this:
● Send crypto to your centralised exchange from your hot or cold wallet. ● Wait for the centralised exchange to send you the money.
● Transfer the funds to your personal checking account.
● Spend.
This is where a crypto debit card comes into the picture. A cryptocurrency debit card functions similarly to a traditional debit card, but it is a far more convenient way to spend your cryptocurrency. Using a crypto debit card, you can spend from your exchange account or a dedicated crypto account without having to go through any additional steps to withdraw your cryptocurrency.
Top Five Crypto Debit Card UK
Following is a list of the top five best crypto debit card UK:
1. ClubSwan
ClubSwan is a four-card alternative banking platform. It accepts both cash and digital money and provides guest services. With the cashback and referral programme, you may save up to 40% on travel expenses while earning real money incentives. There are extremely high limits as well as non-bot 24/7 multilingual live customer service. It
supports more than 150 cryptocurrencies and costs $129 for issuance. It is a MasterCard based debit card.
2. MCO Visa Card
The MCO Visa Card is a crypto debit card that is issued by Crypto.com, a fairly popular cryptocurrency organization. In the UK, Payrnet issues MCO Visa Card for consumers and comes in a range of colours to distinguish the different tiers of perks attached. The cost of issuance for this card is free of cost.
3. Coinbase Crypto Debit Card
Paysafe is the company that issues the Coinbase cryptocurrency debit card. It has a similar level of security and eases to the Coinbase bitcoin exchange. When you use other bitcoin debit cards, though, the costs are significantly lower. The coinbase crypto debit card has an issuance fee of 4.95 pounds sterling.
4. Wirex Bitcoin Debit Card
The Wirex crypto debit card, which was launched in Europe in 2018, is one of the most extensively used bitcoin debit cards in the UK. It includes features like as instant fiat-to-fiat and crypto-to-fiat conversions. Wirex has hinted that their Mastercard cards will be available soon. It has no issuance costs.
5. CryptoPay
The CryptoPay card (also known as the C.Pay card) is excellent for online transactions and large purchases. Wirecard issues the card, which is available in both virtual and real forms. Its cost of issuance is 5 pounds sterling.
Conclusion
We hope that this article will help you broaden your understanding and knowledge of crypto debit cards and help you choose the best one as a UK resident.