As cryptocurrencies continue to gain traction, more users are looking for convenient ways to use their digital assets in everyday life. For Europeans, cryptocurrency cards offer a seamless solution, allowing individuals to spend crypto at any point-of-sale (POS) terminal that accepts traditional debit or credit cards. These cards convert crypto into fiat currency instantly, making them a practical tool for those who want to bridge the gap between the digital and traditional financial systems. Below is a roundup of the best cryptocurrency cards for Europeans in 2024, considering factors like fees, supported currencies, and additional perks.
Table of Contents
1. Trustee Plus Card
The Trustee Plus cryptocurrency card offers users a seamless way to manage and spend digital assets, functioning similarly to a traditional bank card. Here are its main features, along with the pros and cons:
Key Features:
- Instant Payments: The card allows for real-time payments, converting cryptocurrency to fiat at the point of sale. It integrates smoothly with Apple Pay and Google Pay for contactless transactions.
- Multi-Currency Support: Users can store and exchange a variety of cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and stablecoins such as USDT.
- No Fees for Top-Ups and Transfers: There are no fees for topping up the wallet with cryptocurrency or transferring assets to another user.
- Business Integration: Trustee Plus also caters to business users with accounts that allow for crypto-based transactions.
Pros:
- Free Card Issuance: The card is issued for free, and it comes with no service fees.
- High Transaction Limits: It offers generous limits for payments and ATM withdrawals.
- Convenience and Flexibility: Pay in crypto at millions of locations worldwide with a virtual card linked to your phone.
Cons:
- Crypto Volatility: Since payments involve real-time conversion from crypto to fiat, fluctuating exchange rates may lead to unexpected costs.
2. Crypto.com Visa Card
Crypto.com offers one of the most versatile and feature-rich cryptocurrency cards available for Europeans. With various card tiers depending on the amount of Crypto.com’s native token (CRO) you stake, the platform provides rewards and perks that scale up with higher staking amounts.
Key Features:
- Supported Cryptocurrencies: Over 20 coins, including BTC, ETH, LTC, and CRO.
- Fees: No annual fees, though some card tiers require staking CRO tokens.
- Rewards: Cashback ranges from 1% to 5% depending on the card tier, with additional perks like free Netflix and Spotify subscriptions for higher tiers.
- Other Perks: No foreign transaction fees and up to €800 in free ATM withdrawals.
Pros:
- Generous rewards, especially for higher-tier cards
- No foreign transaction fees
- Free perks like Netflix and Spotify
Cons:
- Higher-tier cards require significant CRO staking
- Cashback rewards are capped for lower-tier cards
3. Nexo Card
Nexo is a cryptocurrency lending platform that offers a crypto-backed credit card for Europeans. The Nexo Card allows users to spend without selling their crypto assets by using them as collateral for instant fiat loans.
Key Features:
- Supported Cryptocurrencies: BTC, ETH, XRP, and more.
- Fees: No issuance, maintenance, or foreign exchange fees.
- Rewards: 2% cashback in either Nexo tokens or Bitcoin on every purchase.
- Other Perks: The card integrates seamlessly with the Nexo app, allowing users to manage their assets and loans in one place.
Pros:
- No need to sell crypto to spend it
- Earn rewards in either BTC or Nexo tokens
- No fees
Cons:
- Lower cashback rate compared to some competitors
- Cashback rewards can only be claimed in two currencies
4. BitPay Mastercard
BitPay is one of the older players in the crypto card industry and offers a solid product for European users. The BitPay Mastercard allows users to load funds directly from their BitPay wallet into the card, which can then be used to make purchases or withdraw cash from ATMs.
Key Features:
- Supported Cryptocurrencies: BTC, ETH, BCH, USDC, and more.
- Fees: No transaction fees but a low 1% fee for conversion from crypto to fiat.
- Rewards: No cashback or rewards program.
- Other Perks: Supports contactless payments and instant crypto-to-fiat conversions.
Pros:
- Easy integration with BitPay Wallet
- Transparent fees
- Supports a wide range of cryptocurrencies
Cons:
- No cashback or rewards
- Low 1% conversion fee for every transaction
5. Revolut Card (Crypto-Friendly)
While Revolut is primarily known as a neobank, it offers cryptocurrency features that allow users to buy, sell, and hold crypto in their accounts. Although it is not a “pure” crypto card, the Revolut card gives users the ability to convert crypto to fiat within the app and then use it with their physical or virtual card.
Key Features:
- Supported Cryptocurrencies: BTC, ETH, LTC, XRP, and others.
- Fees: No fees on basic accounts, but a small fee for crypto transactions.
- Rewards: No dedicated cashback or rewards for crypto spending.
- Other Perks: Multi-currency accounts, advanced security features, and excellent mobile app integration.
Pros:
- Comprehensive financial services beyond crypto
- Easy-to-use app
- Supports both fiat and crypto transactions
Cons:
- Limited rewards or cashback
- Not a dedicated crypto card (fiat conversion required)
How to Choose the Best Crypto Card
When selecting a cryptocurrency card in Europe, several factors should be considered:
- Fees: Look for cards with low or no issuance, transaction, or maintenance fees.
- Supported Cryptocurrencies: Ensure the card supports the coins you regularly use.
- Rewards: Cashback and other perks, such as free subscriptions, can add significant value.
- Ease of Use: Some cards offer better app integration, making it easier to manage your assets.
- Security: Look for cards with strong security features, such as two-factor authentication and virtual card options.
Conclusion
For Europeans looking to integrate cryptocurrencies into their daily lives, several excellent card options are available in 2024. Binance Visa and Crypto.com stand out for their rewards programs, while Nexo and BitPay offer unique value propositions for those wanting to hold onto their crypto assets. Choose based on your usage patterns, rewards preferences, and supported currencies to make the most of your cryptocurrency spending.
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