Spend Your Crypto Easily: Discover The Top 3 Crypto Cards For Europeans

With the increasing popularity of cryptocurrencies, more and more people are looking for practical ways to spend their digital assets. One of the most convenient methods is using a crypto card, which allows you to make purchases and withdrawals just like a traditional debit or credit card. If you live in Europe, you're in luck, as plenty of great options exist. In this article, we'll explore the top crypto cards available to Europeans, their features, and how they can make your life easier.

Why Use Crypto Cards?

Nowadays, cryptocurrencies are gaining popularity among people worldwide. As digital assets become a part of our everyday lives, more individuals are curious about how to use them for payments.

Given that most businesses do not accept cryptocurrency payments (at least not yet!), a crypto card can indirectly facilitate paying with crypto for goods and services. Here are the primary advantages of using a crypto debit card in Europe:

• Low annual fees: Traditional banks are known for levying high commissions and annual fees for their services. In contrast, crypto-backed cards tend to have significantly lower fees.

• No foreign exchange fees: Many bank-issued cards impose foreign exchange fees, which can accumulate, particularly when traveling. Crypto cards do not charge foreign exchange fees, although standard Visa or Mastercard fees apply.

• Single card for multiple currencies: Numerous cryptocurrency debit cards enable access to both your fiat currencies and crypto assets, providing the convenience of managing multiple currencies with one card.

• Cashback rewards: By merely utilizing your crypto debit card for payments, you can accumulate cashback rewards. The perks offered by each cryptocurrency card provider can vary, with some providing 3% or even greater rewards for every transaction.

Best Crypto Cards in Europe

A crypto card allows you to swiftly convert and use your cryptocurrency for in-store and online purchases. Naturally, there might be a few minor limitations, making it essential to select the most suitable crypto debit card in Europe based on your spending patterns.

Binance Card - Best cashback

Binance is a global leader in cryptocurrency trading, consistently ranking #1 in terms of traffic, liquidity, and trading volumes for both spot and derivatives markets, Binance introduced its own Binance Card. This VISA debit card enables users to convert digital currencies into fiat for use at supported merchants.

Powered by Swipe, the Binance Card functions similarly to a conventional debit card. Instead of loading the card with fiat money, it holds digital assets such as BTC, BNB, and BUSD, which can be linked to the Binance Spot Wallet for fund replenishment. When used at a point-of-sale machine accepting VISA worldwide, the cryptocurrency on the Binance Card is automatically converted to EUR. The card offers cashbacks bonus up to 8%.

The Binance card is great because:

• Affiliated with a well-established and reliable company

• Accepted by over 60 million merchants globally

• Free application and linkage to Binance Wallet

• No yearly, monthly administration, or processing charges

• Receive as much as 8% cashback on transactions

Major drawbacks is the fact that you have to stake at least 6,000 BNB tokens to get the highest cashback offer, and not suitable for non-Binance users.

Lama - Best low-fee and easy to-use

Lama, a licensed European cryptocurrency exchange, is recognized for its user-friendly platform that enables users to effortlessly send and receive payments in both fiat and cryptocurrencies. With the goal of bringing cryptocurrencies to a wider audience, Lama has developed an intuitive app that merges traditional bank accounts and crypto wallets for individuals and businesses.

Catering to various customers, Lama offers an array of products for both business-to-consumer (B2C) and business-to-business (B2B) clients.

In collaboration with VISA, Lama provides both virtual and physical card options, allowing users to conveniently spend their cryptocurrencies at physical retail locations or on online platforms. The Lama VISA card, linked to users' Lama accounts (both crypto and fiat), facilitates the smooth conversion of cryptocurrencies to fiat currencies at the point of sale. This integration enables a comfortable spending experience, akin to using a conventional debit or credit card. To apply for the Lama VISA card, applicants need to download the Lama App on App Store or Google Play, complete a minimal identity verification (KYC) and enjoy spending their crypto.

The Lama VISA card is great because:

• Allows both crypto and fiat top-ups

• Supports leading cryptocurrencies and stablecoins, with new additions on a regular basis

• Offers a virtual card and compatibility with Google & Apple Pay

• Usable at any location that accepts VISA cards

• 2% cashback on all purchases, instantly paid in BTC

• Enables spending of Bitcoin's value without selling the asset through Lama's crypto-backed loans

Crypto.com Card - Best for rewards

Crypto.com is a comprehensive digital asset service offering a broad selection of products through an easy-to-use and intuitive mobile app. Like Lama, users can buy, trade, sell, store, earn, borrow, and pay bills with cryptocurrencies using its VISA Debit Card. Customers spending cryptocurrencies held on the card can receive cashback rewards on purchases of up to 8%.

There are no initial costs or annual fees associated with using the Crypto.com prepaid card for transactions.

The Crypto.com card is great because:

• Accepted by over 60 million merchants globally

• Receive as much as 8% cashback on transactions

• No yearly, monthly administration, or processing charges

• Broad selection of supported cryptocurrencies for transfer

Major drawback is that only CRO stakers get the 8% cashback. Non-stakers only get 1%.

Wrapping Up

If you've looked into effective methods of converting crypto into fiat currencies for daily transactions, you're aware of the significant market shifts in recent years.

Suppose you anticipate that this asset class will gain prominence in everyday use and possess a substantial amount of crypto. In that case, a crypto card might be suitable for you, providing a convenient means to utilize crypto for your expenditures.

Moreover, you may prefer to earn more cashback on your purchases if you frequently use crypto. In this situation, it's essential to examine the various cashback reward tiers offered by each card. It's also worth noting that different cards may have distinct transaction fees.