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- Crypto cards have a wider adoption mainly because of its features including flexibility and low conversion fees.
- With the availability of numerous crypto credit card options, it is often confusing as to what must be chosen.
Crypto credit cards are similar to any other debit or credit card that allows users to pay using cryptocurrencies. Besides cryptocurrency, they provide users the option to make payments using fiat money as well. Crypto cards have a wider adoption mainly because of its features including flexibility and low conversion fees. Its allowance to make payments directly with crypto both online and offline has driven familiarity amongst common people. With the availability of numerous crypto credit card options, it is often confusing as to what must be chosen. However, to avoid the confusion regarding what choice to make, few popular credit credits of 2020 are listed below.
BlockCard
This US-based credit card has to be one of the best ones on the market. A major reason for that has to be because it stands as the only platform that allows users to actually stay in Crypto. In other words, it lets the users stay invested in crypto when they are not spending. This feature is contrasting to the majority of the cards that convert users’ assets to USD upon deposit.
BlockCard supports payments through Apple Pay, Google Pay, and Samsung Pay. Also, only a few of the cards offer the feature to make payments through Samsung Pay. Blockcrad requires the users to go through a KYC process in order to apply for it.
Monolith
Monolith is well-known for offering its users a full-featured DEFI account. It is basically a noncustodial option that allows the storing of ETH in mobile wallets before spending on its Visa card. One of its impressive and distinctive features is payment splitting. This means the users will be able to divide the cost across several of their crypto holdings.
Using this card requires sending crypto to the decentralized company, ERC-20-compliant smart contract wallet. However, it is assured that the company is not provisioned for access to user funds. Also, these cards will work in any business provided that they accept Visa payments.
TenX
The TenX Visa Card, another popular crypto credit card is limited. It has stood its ground despite having faced trouble in its physical card release in the year 2018. The card works in all the stores worldwide that accept Visa, excluding a few places in Africa. This card allows payments to be made in Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). PAY token is the cryptocurrency that the TenX network uses for transaction purposes.
Cryptopay
Cryptopay, a bitcoin payment card, currently available in the U.K and Russia is soon to be made available in Singapore. It supports BTC besides fiat currencies such as GBP, USD, and EUR. It is a prepaid card that enables the sending of crypto to any place that accepts Visa. In other words, users can withdraw or spend crypto anywhere in the world through an ATM with ease. Privacy, security, and reliability are the perks of using this card.
MCO Visa Card
MCO Visa Card is another widely adopted card belonging to Crypto.com.It is formerly known as the Monaco Card is available in countries including the U.S., Europe, and several others. Through the MCO card, users can withdraw $120,000 annually from the ATM. Also, holders of the MCO card can withdraw up to $1,000 monthly with no fee. Also, users can receive 5% back with every transaction on the MCO Visa Card.
Crypto debit cards make the process of transactions easier and reliable. One must however develop a thorough understanding of various credit cards and choose as per their availability.
